VN cosmetics market: local producers still hold modest share

Local cosmetics market still sees the dominance of foreign brands, urging local producers to focus on improving quality and promoting marketing strategies to expand market share.

Banks step up private placements to foreign investors in 2024

After a quiet year in 2023, many banks will promote stock offering to foreign investors again and some of them may complete the deals this year, analysts forecast.

Vietnam to elevate six hospitals to global standards

Vietnam will upgrade six hospitals to international standards, aiming to curb the trend of Vietnamese people seeking medical care overseas, and at the same time, attracting foreign patients to Vietnam.

Legal framework for crypto assets to be finalised next year

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.

Vietnam creates favourable conditions for airlines to compete healthily: PM

The Vietnamese Government leader emphasised the important role of air transport in current economic development, stating that Vietnam has had policies to develop airlines.

PM attends Vietnam - Australia Business Forum in Melbourne

PM Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.

Ho Chi Minh City People’s Court opens trial on major bank fraud case

The Ho Chi Minh City People's Court on March 5 began the first-instance trial on a major case involving property developer Van Thinh Phat Group, Saigon Commercial Bank (SCB) and relevant units.

Exports by FDI, domestic sectors expected to rebound

The export of products of the foreign direct investment (FDI) and traditional products of domestic enterprises are expected to rebound this year, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said.

VIETNAM BUSINESS NEWS MARCH 5/2024

Growth engines rev up, fuelling recovery hopes

Bidding required for int’t football betting business in Vietnam

The international football betting business project will be required to conduct a bidding process to select investors, according to a recently issued government decree.

Online B2C retail predicted to continue booming

The revenue of products sold through online business-to-consumer (B2C) retail model is forecast to surge in the coming time and reach 650 trillion VND (26.31 billion USD) in 2024, according to the E-Commerce and Digital Economy Agency.

Local female director honoured at World Film Festival in Cannes

Vietnamese movie “A Fragile Flower” (Đóa hoa mong manh) directed by Mai Thu Huyen won the Best Female Director Feature Film award at the World Film Festival in Cannes in France.

Da Lat to host first Vietnam classical music festival

A Vietnam classical music festival (VCMF) will be held for the first time in the Central Highlands resort city of Da Lat – the UNESCO Creative Music City - from March 10-17.

Vietnam among most preferred emerging markets in Asia-Pacific: CBRE

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.

VIETNAM NEWS HEADLINES MARCH 5/2024

PM arrives in Melbourne for ASEAN - Australia Special Summit, official visit

Female boxers hope to punch tickets to Paris Olympics

Six female Vietnamese boxers and their coaches are in Busto Arsizio, Italy, to compete at the world qualification tournament to seek berths at the Paris 2024 Olympics.

Big opportunities for VN's rice exports in 2024

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.

Automobike market in early 2024 remains stagnant

The continued decline in demand and the expiration of the government’s preferential policies are why the Vietnamese automobile market still has not recovered as expected.

Steel billionaire’s assets expected to reach $5 billion

Hoa Phat Group’s president Tran Dinh Long has recently seen his assets increase sharply thanks to the recovery of HPG share prices. The pockets of the steel billionaire may increase twofold to $5 billion if profit increases are realized.

Discovering Wind Cave in Tuyen Quang

Located in the heart of Khuon Ha Commune, Lam Binh District, Tuyen Quang Province, Khuoi Pin Cave is a captivating natural wonder, enchanting adventurous travelers and nature enthusiasts alike.

Conserving forests while saving endangered langurs

A biodiversity conservation project on a 46,000ha primary forest area is under way in Ba To District – home to 169 grey-shanked douc langurs (Pygathrix cinerea), to build the first-ever natural reserve in the south central province of Quang Ngai.

Vietnam to promote community-based tourism

Programmes supporting community-based tourism development, aimed at sustainability, need to be built and promoted.

Discovering Vinh Long’s hidden gems

Vinh Long is blessed with abundant natural resources, particularly its fertile alluvial soil, which is perfect for cultivating tropical fruit trees and wet rice.

Community to keep women safe on cyberspace

If women do not know how to protect themselves, they will be at high risk of being abused in cyberspace, not only through fraud but also invasion of their privacy. Women and girls need to be informed and understand the ways to protect themselves.

300-year-old forging village still continues traditional craft

Despite the changing times, the village’s age-old craftsmanship continues to captivate not just locals but also visitors.