Vietnam Business News April 28/2024

Investor confidence gains traction on improved business climate

Vietnamese posters depict fight for freedom

The 15 best works were selected from over 1,000 entries in the propaganda poster competition to commemorate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).

Still no VAT hike proposal to aid business development

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.

First walking and bicycle zone begins construction in Da Nang

The project, which will be built on the Han River bank at a cost of VND44 billion (US$1.76 million), will create a pedestrian space and 'green' park system from the city's downtown to Cam Le district in the tourism attraction and entertainment zone .

Vietnam's 2024 rice exports seen beating target

Vietnam’s rice exports this year are forecast to beat the earlier projection of 7.6 million tons, heard a conference on rice exports.

Islands host visitors with summer events

The unique culture, rich biodiversity and extinct volcanoes, which have been conserved in the water around Ly Son Islands, and garlic and scallion farms are major attractions for summer tourists.

VN could profit from taxing bitcoin, digital asset transactions

The total value of cryptocurrencies entering Vietnam in 2023 reached $120 billion. Vietnam could collect big money from taxing cryptocurrency transactions and having a legal framework to control virtual assets.

Vietnam Business News April 27/2024

Vietnam upholds use, management of financing for sustainable development

Hanoi arteries get gridlocked as people flock to hometown on holiday

On April 27, the first day of the five-day holiday period, people thronged Hanoi’s gateways to return to their hometown, causing traffic to become overloaded.

Vietnam News Headlines April 27/2024

Vietnamese Ambassador presents credentials to RoK President

HCM City reduces Reunification Day firework displays

HCM City authorities will hold fireworks displays at five locations, instead of 16 as previously scheduled, to mark the 49th anniversary of Southern Liberation and National Reunification Day on April 30.

Brazil, Da Nang look for closer sports, tourism and trade ties

Brazil plans to send a carnival group to Vietnam and the central city of Da Nang following a plan of co-operation with property developer Sun Group in the coming time in a bid to attract domestic and international tourists to the locality

Tech firms’ cloud-service market share on the rise

The market share of domestic cloud-service providers has expanded following their efforts to grasp the opportunity brought by digital transformation.

Truong My Lan appeals against lower court verdict

Truong My Lan, chairwoman of Van Thinh Phat Holdings Group Corporation, has appealed against the death sentence imposed on her by the lower court, said local media reports.

Can mini cars change Vietnamese travel habits?

The price of mini car models available in Vietnam remain high, limiting the number of purchases. If the prices were halved, however, sales would increase.

Quang Ngai's ex-secretary expelled from Party

Le Viet Chu, former secretary of the Quang Ngai Provincial Party Committee, has been expelled from the Party as per the decision of the Party Central Committee (PCC).

Investment in Vietnamese startups in 2023 ranks third in Southeast Asia

Vietnam maintains the third position in the number of investment capital and deals of startups in Southeast Asia.

Ransomware attacks occur on average every 11 seconds

Cybercriminals are becoming increasingly sophisticated in their ability to bypass firewalls, causing a lot of damage to businesses.

SSC rejects KRX system operation on May 2

The KRX system has not undergone a comprehensive acceptance review involving investors, contractors and beneficiary units.

Vietnam expected to become e-commerce powerhouse in Southeast Asia

Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia.

Concert highlights music by Mozart, Beethoven, Brahms

The HCM City Ballet Symphony Orchestra and Opera (HBSO) will stage a concert featuring masterpieces by great composers Mozart, Beethoven and Brahms at the Opera House on April 27.

Kon Tum district sets record with 120 dishes made from ginseng

Tu Mo Rong district in Kon Tum province set a Vietnamese record with 120 dishes made from ginseng at a recent contest.

Brazilian football superstars arrive in Da Nang for football festival

A number of Brazilian football superstars such as Dunga, Rivaldo, Lucio, Roberto Carlos, Giovanni, Jose Kleberson, Edmilson and Paulo Sergio, arrived in Da Nang on April 26 for a friendly footfall festival.

Gold bar prices reach historic high of over VND85 million per tael

The price of domestic gold bars on April 26 continued its upward trajectory, climbing to a historic peak of VND85 million per tael to surpass all previous records.

Scorching heat to cover whole country during five-day holiday

The entire country is set to experience a hot spell with some places recording temperatures of more than 40 degrees Celsius during the consecutive five-day national holiday from April 27 to May 5.

Vietnam lost to Kyrgystan, out of Futsal World Cup contention

The defeat ended Vietnam's hope of appearing in three consecutive Futsal World Cups.