Since early March, domestic steel prices have increased three times by an average of VND600,000-1.4 million per ton, worrying many contractors and slowing down the execution of many projects.

Vietnam’s gold price soared to an all-time high of some 74 million VND per tael on March 7, following the surge in the global price of the yellow metal.

Domestic fuel prices soared for the seventh straight time, amid global oil market volatility.

Vietnam Airlines, Vietjet Air and Bamboo Airways are set to resume more domestic and international air routes, add flights and launch new services to meet the rising travel demand as the country will fully reopen tourism on March 15.

Russian power engineering company Power Machines is seeking to withdraw from the billion-dollar Long Phu 1 thermal power plant project in Vietnam due to U.S. sanctions.

The local fuel price has skirted VND27,000 per liter of A95 gasoline after being adjusted on March 1, but traders say they are still incurring losses due to a spike in global prices and unstable supply.

The Ministry of Health has proposed allowing asymptomatic Covid patients and direct contacts of Covid cases to work during their quarantine period to avoid the wastefulness of manpower.

Singapore announced the vaccinated travel lane (VTL) for Vietnam on March 4, which will restore quarantine-free travel between the two countries from March 16.

The escalating Russia-Ukraine military conflict would result in disruptions in the supply chain and increase the production cost in Vietnam, some experts have warned.

The Ministry of Foreign Affairs has sent the Prime Minister a proposal to reinstate a visa waiver for international tourists to help the Covid-battered tourism industry recover.