Vietnam Business News August 17/2024

China’s growing investment footprint in Vietnam

Vietnam enhances supply chains for sustainable organic agriculture

Organic agricultural products are gaining traction among consumers due to their sustainability, safety, and nutritional benefits. However, despite the rising demand, organic farming only accounts for a small portion of Vietnam's agricultural sector.

Hanoi speeds up process to 'green' public transport

Hanoi has been taking moves to 'green' public transport, especially when people in the capital city show their increasing interest to means of transport like electric vehicles and metro lines.

Eateries with odd names that make diners tremble with fear

In HCM City, there are a number of eateries with strange names that give some diners pause before they enter. However, many clients still visit thanks to the high quality of the food.

Cyberattacks from internal actors pose threats to enterprises

APT (advanced persistent threat), financial attacks, and internal attacks are the biggest concerns for Vietnam’s enterprises, a survey by VNISA (Vietnam Information Security Association), Southern branch, has found.

Hanoi apartment prices in suburbs soar as supply shortage persists

Not only housing in inner city, but apartment prices in suburban districts far from the central area in Hanoi are increasing. Brokers said the products are VND300-600 million more expensive than in 2023.

Education Publishing House denies that it receives big profits from textbooks

Textbook prices have become a hot topic of discussion as the new academic year is nearing. Deputy Editor-in-Chief of the Vietnam Education Publishing House Nguyen Van Tung has said that the publisher receives almost no profit from textbooks.

Da Nang sees a 35% surge in foreign tourist arrivals: Unveiling the attractions

Da Nang, a vibrant coastal city in central Vietnam, has once again solidified its position as a premier international tourist destination.

Mobile internet speeds in Vietnam surge by 40% since March 2024

Vietnam has seen a significant surge in mobile internet speeds, reporting a 40% increase over the past five months, culminating in an average download speed of 54.34 Mbps in July 2024, thanks to enhanced transparency in service quality.

Many celebrities accept fines to stir controversy for attention

The HCMC Department of Information and Communications has unveiled a disturbing trend: celebrities are increasingly engaging in controversial behavior to attract public attention and boost their livestream sales, accepting fines.

Vietnam-based sellers can hire livestreamers overseas

Vietnamese sellers are poised to capture global markets as Shopee rolls out a new tool that connects them with international livestreamers, enhancing their visibility and sales on a global scale.

Lang Son's cable car-harvested custard apples net farmers record $33 million

In a stunning display of innovation, farmers in Chi Lang, Lang Son province, are using cable cars to harvest custard apples from steep mountainsides, leading to an unprecedented revenue windfall of 800 billion VND ($33 million).

Vietnam to face early onset of cold weather starting September

Vietnam braces for a significant shift in weather patterns with early cold fronts and an uptick in storm activity beginning in September, signaling a potentially tumultuous end to the year.

New momentum from anti-corruption message by General Secretary To Lam

In a potent reaffirmation of Vietnam's commitment to combat corruption, General Secretary and President To Lam's recent address has set a resolute course for the nation's ongoing efforts.

Vietnam’s power plan update on hold for 154 solar projects under investigation

In a significant development, 154 solar power projects slated for inclusion in Vietnam's Power Development Plan VIII face delays pending the outcome of a governmental investigation.

Kim Sang Sik’s strategy for U22 Vietnam: A blend of veterans and rising stars

Coach Kim Sang Sik's recent squad announcement for U22 Vietnam has sparked a spirited debate.

Vietnamese rice sets global price record amid market fluctuations

Vietnamese rice now commands the highest prices globally, distinguishing itself from key competitors like Thailand and Pakistan whose prices have declined. This surge is propelled by robust export demand coupled with global supply limitations.

Japanese firms expand in Vietnam with government support

In a strategic move to fortify its industrial foothold in Southeast Asia, the Japanese government has earmarked subsidies for Tokuyama Corporation's new manufacturing venture in Vietnam, according to Nikkei.

China buys more produce, but reduces volume of rice, pepper imports

China is a top export market for Vietnam’s farm produce, with $7.04 billion worth of produce exported in the first seven months of 2024, an increase of 11.3 percent over the same period last year.

Kaleidoscopic Vision exhibition to open in HCM City

Offering a fresh take on street photography, the upcoming Kaleidoscopic Vision exhibition will captivate photography enthusiasts with its eclectic artworks in HCM City starting from August 18.

$200m foreign investment planned for Can Tho’s largest industrial park

It is expected that in the first quarter of 2025, VSIP will sign land lease contracts with the customers and complete investment procedures.

Top 100 private firms contribute US$6.9 billion in taxes in 2023

The tax contributions from the trio Vingroup, Thaco and Hoà Phát Group alone make up more than a third of the total contributions on the list.

HoSE-listed firms required to use single disclosure point

The new system for information disclosure about firms listing on the stock exchange, became active on August 15.

Ministry's new petroleum pricing scheme is still confusing

Experts say the new petroleum pricing scheme created by the Ministry of Industry and Trade (MOIT) is just like the old one and does not solve existing problems.

Car sales volume suffer from traditional beliefs and policy uncertainties

The current state of the local car market is being significantly affected by a mix of traditional beliefs and policy uncertainties, according to experts.