Hyosung, the Republic of Korea (RoK)’s leading supplier of the power transformer industry, plans to inject an additional US$2 billion into the Vietnamese market this year.

The Vietnam-Binh Dinh Formula 1 powerboat racing team made its debut at a press conference in the south-central province of Binh Dinh on January 18.

German President Frank-Walter Steinmeier and his wife will pay a State visit to Vietnam on January 23-24 at the invitation of President Vo Van Thuong and his wife.

Hungary Prime Minister Viktor Orban on January 18 hosted a welcoming ceremony for Vietnamese Prime Minister Pham Minh Chinh who arrived in Budapest on the same day for an official visit to the European state.

Senior leaders of Vietnam and China have exchanged messages of congratulation on the 74th anniversary of the establishment of diplomatic ties between the two countries (January 18).

Art fans from Paris and Europe recent gathered at Almine Rech Gallery, an international art gallery in Paris, to enjoy the exhibition “Sparkle in the Vastness” by Tia-Thuy Nguyen, a famous contemporary artist of Vietnam.

StaBOO Holdings AG, a subsidiary of BARD AG specializing in research, development and production of high-end interior products, will build a VND3,000 billion bamboo processing factory in Vietnam’s Thanh Hoa province.

The Soc Son district People’s Committee is collecting opinions from agencies, organizations and individuals about the 1/500-scale detailed planning for a multi-purpose entertainment complex and horse racetrack capitalized at $420 million.

Ha Sy Dong, a National Assembly deputy from Quang Tri, said the State Bank of Vietnam (SBV) needs to be given more power to react promptly and effectively to banking incidents such as the one related to SCB.

The National Assembly’s Standing Committee has requested the government to draw up a plan on taxing owners of many houses and land plots, as well as real estate speculators.

The National Assembly approved the amended Land Law at the extraordinary session in Hanoi on January 18.

Hanoi real estate market in 2023 saw the lowest sales in the villa and townhouse segment in the past 10 years, but selling prices of the villa and townhouse segment in Hanoi continued to increase strongly.

Ho Chi Minh City, the most populous locality in Vietnam, will tighten the management of foreign workers in the city to close loopholes in the field.

The number of Vietnamese enterprises acting as Samsung’s tier-1 suppliers has seen a 12fold increase over the past nine years, from 25 in 2014 to 306 in 2023, according to General Director of Samsung Vietnam Choi Joo Ho.

Former coach of Vietnamese national football team Park Hang-seo is set to be named as a consultant of newly-established Bac Ninh football club who will play in Vietnamese Football League Second Division for the 2024 season.

As many as 20 French famous films will be screened free of charge via online movie platform DANET and FPT Play during “CINE-TET 2024!” from January 19 to February 29.

Vice President to attend Non-Aligned Movement summit in Uganda

Demand weakens as Tet nears

Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the lowest.

Prime Minister Pham Minh Chinh attended a discussion on ASEAN as a main speaker in the framework of the 54th Annual Meeting of the World Economic Forum (WEF-54) in Davos, Switzerland, on January 17 (local time).

Prime Minister Pham Minh Chinh chaired a talk with representatives from world leading banks and financial investment funds on investment in Vietnam’s financial market in Davos, Switzerland, on January 17.

The Authority of Broadcasting and Electronic Information reported that in 2023, it had repeatedly worked with foreign service providers like Meta (Facebook), Google, Apple and TikTok to prevent toxic information and fake news from spreading.

The police of the southern province of Binh Duong, in coordination with Chinese police, on January 17 arrested a Chinese national on the international wanted list for human trafficking.

University admission based on high school transcripts is not expected to be used by top-tier universities in 2024 because experts say the method cannot ensure fairness and honesty.

Clever Mushroom, a startup founded by two Vietnamese PhDs, uses sensors to collect information materials and analyze cultivation conditions to optimize a mushroom farming process that runs automatically.