HCMC chosen by AI as top destination for New Year’s Eve celebration

HCM City, ranked third on the list, is recommended by AI for its festive atmosphere, fireworks over the Saigon River, and vibrant nightlife in District 1.

VIETNAM BUSINESS NEWS DECEMBER 29/2023

Forestry sector aims for 17.5 billion USD in exports next year

Vietnamese students rank 23rd globally in IELTS exam

The average score on the International English Language Testing System (IELTS) of Vietnamese people in 2022 ranked 23rd out of 40 countries organising the IELTS exam.

VN firms face difficulties in accessing bank loans despite rate cut

HÀ NỘI — Although interest rates have continued to drop sharply, firms say it is still difficult for them to access loans.

Vietnamese boxers to fight at South Korean War in Paradise event

Vietnamese fighters will begin their new year with thrilling bouts at the WBO Title Match: War in Paradise next month in South Korea.

Japanese conductor to lead young musicians at Ho Guom Opera

Under the baton of the conductor, the orchestras will play a repertoire of pieces by Vietnamese composer Tran Manh Hung, Japanese composer Yasushi Akutagawa, and others.

Environment protection fee proposed for emissions

The draft also proposed bonuses for organisations that restrict pollutant emissions.

Vietnam’s five-year HFCs production, consumption baselines announced

The Ministry of Natural Resources and Environment (MoNRE) has issued a decision announcing Vietnam's Hydrofluorocarbons (HFCs) production and consumption baselines and total national consumption for the 2024 - 2028 period.

Vietnam's CPI up 3.25% in 2023

Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on December 29.

Big steps forwards taken in digital transformation in Vietnam

2023 has been a successful year for Vietnam in digital transformation with many steps forwards, according to Deputy Minister of Information and Communications Nguyen Huy Dung.

Hoi An orders collection of shipwreck’s carbon isotope samples

The collection of carbon isotope samples has been ordered to determine the age of a sunken wooden ship recently discovered near the coast of Cam An ward in the central province of Quang Nam’s Hoi An city.

Vietnamese durian exports reel in about 2.22 billion USD

Vietnam has shipped approximately 2.22 billion USD worth of durian products overseas in 2023, with increasing demand noticed in non-traditional markets.

Vietnamese economy expands 5.05% in 2023

Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05% in 2023, the General Statistics Office (GSO) announced on December 29.

VIETNAM NEWS HEADLINES DECEMBER 29/2023

President sends messages of longevity celebrations to centenarians

Mobile phones, electronic products rake in over US$100 bln in export turnover

Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.

Vietnam’s catfish share shrinks amid stiff competition in global market

Vietnam dominates the global catfish market, ranking No 1 in both output and export volume. However, its market share has dropped because of the strong rise of rivals.

Vietnamese enterprises hold only 20 percent of domestic cloud market share

The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.

Kyber Network to cut 50 percent of workforce after hack

Kyber Network, the Vietnamese blockchain-based startup, has had to cut its workforce by 50 percent after a serious attack in November, estimated to cause a loss of $48.8 million, or VND1 trillion.

Vietnam races to stay competitive with new GMT

The international community is speeding towards the implementation of a global minimum tax, and Vietnam is no exception.

Vietnam’s rice prices climb to historic peak in 2023

With estimated output of 43 million tons in 2023 and historic high export prices, Vietnamese farmers have made a high profit. Every $1,000 invested in each hectare of rice earned $3,000-3,500.

Vietnam as a bright spot in global panorama

Open foreign relations and an economy that maintains growth recovery momentum help Vietnam remain a bright spot in this year's global panorama.

Positive signs ahead for real estate market in 2024

The Government’s policies of removing obstacles faced by business operations and promoting social housing development have recently exerted positive impacts on the property market, according to industry insiders.

Fireworks to be displayed in 31 locations in Hanoi

Fireworks will light up the skies over 30 locations in all 30 districts and town of Ha Noi on February 9, 2024 (Lunar New Year’s Eve), as decided by the Ha Noi municipal People’s Committee.

New strategies for attracting quality FDI to Vietnam

VN Institute for Economic and Policy Research’s Vice President Nguyen Quoc Viet spoke on new competitive advantages for VN to remain an attractive destination for the quality and high technology capital inflow.

Laborers to enjoy 17 days of holidays in 2024

In 2024, laborers have a total of 17 days of annual leave including 11 days of public holidays and six days of weekends for which there are compensatory days off.