VIETNAM BUSINESS NEWS MARCH 30/2023
VN central bank to cut refinance rate in next quarter: UOB
Feature film shot in Vietnam to be released on Netflix
Beautiful scenes of Vietnam and its people can be seen in the first official trailer of the movie "Tourist's Guide to Love".
Da Nang’s boat race attracts locals, tourists
Thousands of people and tourists stood on both sides of the Han River to cheer for teams participating in Da Nang’s boat race 2023, which took place on the morning of March 29.
Vietnam’s game industry hurt by pirated foreign games
Formerly witnessing a prosperous period, Vietnam’s game industry has been shrinking in recent years. The management cannot keep up pace with development, while domestic games are having to compete with pirated ones.
Foreign SMEs pour capital into Vietnam
Foreign SMEs are paying much attention to Vietnam, given the fact that the number of under-$1-million projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in Q1/2023.
Hanoi opens tour to Co Loa Ancient Citadel
Locals and foreign travelers to Vietnam will have a chance to experience and learn the stories of the Co Loa Ancient Citadel in the suburb of Hanoi through a fresh storytelling style.
Coastal hotels in Da Nang up for sale as occupancy rates still low
No longer able to make a profit, many hotels in Da Nang have been put up for sale, including 4-5-star hotels worth trillions of VND.
A fifth of Vietnam's soil remains contaminated with unexploded ordnance
VGP – Around 5.6 million hectares of land, or nearly a fifth of land in Viet Nam remains contaminated with unexploded ordnance, Deputy Foreign Minister Do Hung Viet told a regional seminar on Wednesday.
Canadian traveler says she spent less than $100 a day in HCMC
A Canadian female traveler says she spent only VND1.6 million, or $67, on accommodation, entertainment, meals and travel for one day in HCM City.
Trade Ministry signs cooperation deal with world leading fair organiser
The Trade Promotion Agency of Vietnam signed a memorandum of understanding with Messe Frankfurk Group on cooperation in trade promotion.
Millions of mobile phone numbers in Vietnam to be locked soon
After March 31, the owners of nearly two million mobile phone numbers cannot make calls or send text messages as their user data stored by telecom providers does not match the national population database.
Over 500 individuals implicated in vehicle registration irregularities
Charges have been filed against 506 suspects for their alleged involvement in irregularities at multiple auto registration and inspection centers in the country, the Ministry of Public Security (MPS) said at a Government press conference.
Most of Vietnam’s outbound investments flow into Singapore in Q1
Vietnamese investors have injected nearly US$120 million into their projects overseas in the year to date, a sharp drop against the year-ago period, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Global minimum tax rate to impact FDI firms in Vietnam
At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year.
Party chief holds high-level phone talks with US President
Party General Secretary Nguyen Phu Trong held high-level phone talks with US President Joe Biden on March 29 night (Vietnam time).
Paintings by local contemporary artists exhibited in UK
An exhibition displaying artworks from leading contemporary Vietnamese artists opened on May 29 at D-Contemporary gallery in Mayfair, one of London's premier shopping and entertainment centres.
Vietnamese badminton stars leap up world rankings
Several of the nation’s top badminton players have made significant jumps in the world rankings, according to the latest information given by the Badminton World Federation (BWF).
Action plan approved to implement foreign investment cooperation strategy
Deputy Prime Minister Tran Luu Quang has freshly signed a decision to approve an action plan for implementing the 2021-2030 national foreign investment cooperation strategy.
Vietnam expected to export 7 million tonnes of rice this year: Ministry
Vietnam is expected to ship about 6.5-7 million tonnes of rice abroad this year thanks to the return of markets like Indonesia, Bangladesh, and China, according to the Ministry of Industry and Trade (MoIT).
VN central bank calls for prioritising loans for rice industry
The State Bank of Vietnam (SBV) has instructed credit institutions in the Mekong Delta region to promote lending to rice producers and traders to help them have sufficient capital, especially in the winter-spring harvest in 2023.
Around 60,000 firms close in first quarter
Roughly 60,000 Vietnamese enterprises closed their doors in the first three months of this year, representing an on-year increase of 17.4 percent.
Green offices remain key theme in HCM City commercial real estate
A flight to quality will remain a key theme in the HCM City office market in 2023 as both foreign and domestic companies are setting ambitious net-zero targets to comply with environmental, social and corporate governance (ESG) regulations.
Vietnam needs US$13.3 billion to develop seaports
Vietnam would need 312.6 trillion VND (13.3 billion USD) to develop the seaports system by 2030, according to the Ministry of Transport.
Vietnam runs trade surplus of 4.07 bln USD in Q1
Vietnam ran a trade surplus of 4.07 billion USD in the first quarter this year, with 79.17 billion USD in export revenue and 75.1 billion USD in imports, down 11.9% and 14.7% annually, respectively, reported the General Statistics Office on March 29.
Universities fail to attract students in some majors
Although few candidates enroll and the entrance score is very low, many training majors of many universities still fail to admit enough students while the actual demand for human resources in this field is in great shortage.