Vietnamese economy sees silver linings despite challenging start to 2023: HSBC

While external woes will likely continue over the near-term, some recovery in the tourism industry may partially cushion some issues faced by the national economy which has some silver linings this year, according to HSBC experts.

Voters call for end of national high school finals

Before the fourth session of the 15th National Assembly, voters from some localities including HCM City and Lam Dong proposed that MOET remove the national high school finals and assign local authorities to organize exams.

Adjustments drawn up for tax support for enterprises

The Vietnamese government is expeditiously offering the business community assistance in the form of tax relief schemes and other payment extensions.

People fear shorter insurance payment period will reduce pensions

Many people question if the new pension scheme, under which the period of social insurance premium payment will fall from 20 years to 15 years, will leave enough pension to cover basic needs.

Lay-offs and exports dip haunt vital manufacturing

Foreign-invested enterprises look set to struggle this year, particularly in garments, textiles, and footwear, as exports continue to fall and more workers are laid off.

With growth slowing, how will Vietnam escape the middle-income trap?

In the last two years, after the 13th Party Congress, resolutions and programs have been issued with the aim of developing Vietnam into an industrialized country.

Vietnam aims to be leading tourist destination in Southeast Asia by 2030

The plan aims to bolster the country’s tourism brand and enhance its competitiveness while supporting Vietnam's overall tourism development strategy.

Price management tweaks urged for petrol retailers

Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.

Tourism stocks hike following news of China’s resumption of tours to Vietnam

The tourism and entertainment stock group saw a hike after the Chinese Government has decided to add Vietnam into the list of the countries to which China’s group tours can be conducted starting from March 15.

Vietnam requests RoK respect historical truth

In the spirit of a comprehensive strategic partnership, Vietnam asks the Republic of Korea (RoK) to take proper perception, respect the historical truth and encourage substantive and effective acts in order to deal with war consequences.

Vietnam crush Singapore 11-0 in U20 Women’s Asian Cup qualifier

Vietnam secured an emphatic victory of 11-0 over Singapore in a match of Group F in the 2024 AFC U20 Women’s Asian Cup qualification on March 9 evening.

VN Securities Commission warns of false information about investment funds

The State Securities Commission (SSC) has issued a warning to investors about false information about fund management companies such as Dragon Capital and VinaCapital.

Internet quality improves after fiber optic cables are purchased

Vietnamese network operators have purchased more fiber optic cable capacity on land after five undersea fiber optic cable routes faced problems.

VIETNAM NEWS HEADLINES MARCH 9/2023

White book on religions, religious policies in Vietnam debuts

Vietnam spends 1.7 billion USD importing petrol in two months

Vietnam's petrol and oil imports increased sharply in the first two months of 2023, reaching 1.7 billion USD, a surge of 56.3% year on year, the Ministry of Industry and Trade (MoIT) has reported.

Vietnam Electricity to increase use of coal and gas

Vietnam Electricity (EVN) has revealed plans to ramp up the use of coal and gas sources to generate electricity to lessen dependence and conserve water resources during the dry season.

Western Australia launches representative office in Vietnam

Deputy Premier of Western Australia Honorable Roger Cook MLA has paid an official visit to Vietnam and launched the Western Australia’s Invest and Trade Representative Office in HCM City.

Cultural and Sports Festival 2023 of ethnic groups held in Luc Ngan district

The opening ceremony of the 21st Cultural and Sports Festival of ethnic minorities of Luc Ngan district, Bac Giang province took place on the evening of March 8, at the district’s central square.

VIETNAM BUSINESS NEWS MARCH 9/2023

Chinese market favours Vietnamese lobster but prices are rocky

HCM City removes hindrances to work permit issuance for foreigners

HCM City has cut short the procedures for issuing work permits for foreigners and digitalised the application process to make it easy for enterprises to get work permits for their foreign staff.

Hanoi needs urgent, optimal solution for waste treatment capacity

Hanoi needs an urgent and optimal solution for waste treatment, environmental experts have said.

Hanoi builds synchronous policies to draw foreign investment

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7.

PM orders nationwide inspection of donations to relics, temples, pagodas

The inspection by the Ministry of Finance, in coordination with the Ministry of Culture, Sports and Tourism, will exclude donations used for religious activities in temples and pagodas.

HCM City's method of setting land prices causes long delays for property investors

Collecting information about land prices from successful transactions provides the basis for determining land prices in HCM City. However, the method has not been reliable.

Domestic businesses in danger of being swallowed up by foreign funds

While newly registered businesses are getting smaller in scale, foreign companies and funds are growing in investment capital.