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VIETNAM BUSINESS NEWS MAY 23

Vietnam backs rules-based multilateral trading system: official

Coal reserves running out, VN to import coal to generate electricity

Domestic coal production is mainly used for electricity production. In 2019, domestic coal for power generation accounted for 76% of total coal output.

Vietnam’s pangasius exports return to high level

After a period of difficulty in key export markets, Vietnam’s exports of pangasius catfish have recovered and grown strongly in the early months of 2022.

SOE equitization: investors target ‘golden land’ owned by enterprises

Some state-owned enterprises (SOEs), after equitization, have changed their production and business models to exploit advantages in land, thus ‘killing’ their core businesses.

GameFi has potential to attract billions of dollars worth of foreign capital

To help promote development of Vietnam’s startups, Blockchain-based game projects can also help attract foreign capital, another source for tax collection.

Vietnam's special things: Bun rieu served on pink-themed boat at floating market

An old farmer in Gia Lai Province turns bamboo into a micro communal house while a teacher in Quang Nam Province creates unique works of art from discarded leaves.

Love is in the air at sporting tournament

With the SEA Games 31 nearly at an end, people have been through every level of emotion, from historic wins to inspiring stories and beautiful moments.

31ST SEA GAMES: UPDATES MAY 23

Cambodian sports make giant leap at SEA Games 31

Upgrading the market for the sake of all participants

An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts.

Highlights from Prime Minister Pham Minh Chinh's tour to U.S.

Prime Minister Pham Minh Chinh has arrived in Hanoi, wrapping up his tour to the U.S. to attended the ASEAN-U.S. Special Summit and visit the U.S. and the United Nations from May 11-17.

Banks unveil ambitious charter capital hike plans

Banks have faced pressure to increase their charter capital over the past few years to enhance their financial capacity and improve safety indicators to get closer to international standards.

Foreign e-commerce platforms must set up an office or appoint representative in Vietnam

Foreign traders and foreign organizations having e-commerce activities in Vietnam must establish representative offices or appoint representatives according to Vietnam’s regulations.

New record, big stride of Vietnam’s sport

Vietnam have wrapped up their SEA Games 31 run at the top of the medal table with 205 golds, including the much-anticipated one in the men’s football claimed on May 22 night.

HCM City museums seek to digitize, widen reach

Most museums in HCM City are in the process of restoring, upgrading and rearranging their display systems after long closures imposed by the COVID-19 pandemic.

More favourable rule system urged for healthcare PPPs

A more robust legal framework is being sought to strengthen public-private partnerships in the health sector, thus increasing the system’s resilience and sustainability for better preparation for new pandemics.

VN determinedly stops slow public investment projects

It is estimated that until May 31, Vietnam disbursed only 22.37 percent of its public investment budget.

Vietnam’s SEA Games football victory finds prominent coverage in foreign media

ESPN ran a front-page story headlined “Vietnam retain Southeast Asian Games gold medal against Thailand to prove they are still force to be reckoned with,” saying “even at the simplest level, it was a victory with plenty of significance.”

Hanoi’s specialty listed among CNN's best Asian noodle dishes

Pho, Bun cha and Cao lau were praised by US news site CNN to be the best the most mouth-watering noodle dishes across Asia.

Can businesses still make money from stock trading?

Financial reports in the first quarter of the year highlighted that many enterprises earned profits from financial investment activities but the profits plunged over the same period last year and their investment portfolios were narrower.

“Hell” rice that tastes like heaven

Among the specialties of the ancient city of Hue, Com am phu, or “Hell” rice, stands out with its combination of white rice, pork, shrimp, egg and herbs, culminating in a flavorsome experience.
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