VIETNAM BUSINESS NEWS FEBRUARY 19/2024

Gold shops see fewer customers this Wealth Day

Hanoi to break ground on four bridges over the Red River in 2024

The capital city of Hanoi is scheduled to start construction on four more bridges spanning the Red River this year.

VN telecoms firms seeking new pastures

Some of the top Vietnamese telecoms firms are seeking new territories for development in the face of diminishing market share.

VIETNAM NEWS HEADLINES FEBRUARY 19/2024

Vietnamese Intellectual Society in UK vows to contribute to Vietnam’s strategic policies

PM instructs action for VN stock market upgrade

Prime Minister Pham Minh Chinh has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.

Foreign exchange rate forecast to be under control in 2024

In 2024, production will gradually recover so imports will likely grow a bit faster than exports, but in general, the overall balance will still help Vietnam take the initiative to regulate the VND/USD exchange rates.

R&D, human resources important for Vietnam to climb value chain

Domestic enterprises are facing challenges as multinational enterprises have high requirements in technology, quality and optimisation, as well as reasonable cost, fast turnaround and delivery.

Poetry Day this week celebrates poets of all 54 ethnicities across Vietnam

Poetry Day, a much-anticipated celebration of poetry every year on the first Full Moon of the Lunar Year, will be held on the grounds of Hanoi's Thang Long Royal Citadel on February 24.

Vietnamese movies score big at box office during Tet

Vietnamese romance and comedy movies have achieved big profits during the Tet (Lunar New Year) holiday.

Linh to find her form at German Open

Nguyen Thuy Linh sets her sights on high results at the 2024 German Open to push her back up the world badminton ranking as well as maintain her place in the leading pack for the Paris Olympic Games.

Hoi An among world’s top Honeymoon Destinations of 2024

The ancient city of Hoi An in the central province of Quang Nam has been named among the world’s top 25 Honeymoon Destinations of 2024 on Tripadvisor 2023 Travelers' Choice Best of the Best Awards.

Students under pressure to take part in so-called international competitions

Vietnamese students, including those who have just begun going to school, are preparing for "international competitions".

Vietnam's digital tech sector generates US$7.5 billion from overseas markets

Vietnam’s digital technology sector has achieved a significant milestone, with 1,500 enterprises generating US$7.5 billion in revenue from foreign markets, said Nguyen Manh Hung, Minister of Information and Communications.

Vietnamese need Make-in-Vietnam Large Language Model

Developing a large language model (LLM) AI in the Vietnamese language will require huge resources.

Teenage An a driver for Vietnamese golf

Le Chuc An impressed in almost all the tournaments she played in 2023.

Vietnam: bright spot in global economy

Vietnam has retained a positive spot in the global economy in 2023 despite the number of businesses leaving the market and the lower-than-expected growth rate for the third consecutive year.

Ho Chi Minh City affirms role as pillar of Vietnam’s tourism industry

Ho Chi Minh City contributed significantly to the more-fruitful-than-expected results of Vietnam’s tourism industry last year, solidifying its pivotal role in the recovery and growth of the sector.

Changes to Law on Credit Institutions reduce ownership limits in banks

Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.

Orders are returning but firms struggle with capital shortage

Enterprises are in need of support more than ever. It’s time to introduce drastic solutions to nurture their confidence and improve their capacity, as well as the entire economy.

Local car market experiences strong transition to green vehicles

The increase in the number of electric vehicles from 138 units in 2019 to over 28,000 electric vehicles and 3,557 hybrid vehicles in September 2023 is a clear indication of the growing interest in these vehicles among consumers.

Nam to seek higher world place at M15 Nakhon Si Thammarat events

National top tennis player Ly Hoang Nam will begin the new lunar calendar year with two international tournaments in Thailand starting next week.

Public offerings key to promoting corporate bond market: experts

In addition to simplifying issuance regulations, experts also said that a comprehensive solution is needed to remove legal barriers and develop investor bases.

Van Thinh Phat fraud trial to begin next month in HCM City

The trial of Truong My Lan, chairwoman of property developer Van Thinh Phat accused of bribery, violating bank regulations and embezzlement at the Saigon Commercial Joint Stock Bank (SCB) will begin on March 5 at HCM City People’s Court.

First teams in Clipper Round World Yacht Race dock at Ha Long port

The first teams competing in the 2023-2024 Clipper Round the World Yacht Race docked at Ha Long International Cruise Port in the northeastern province of Quang Ninh ahead of schedule.

Great opportunities for southeast region to develop semiconductor chip industry

Currently, Vietnam has around 6,000 engineers working in the semiconductor industry for both domestic and foreign enterprises.