Top business stories in Vietnam (Feb 27 – March 3)

Noteworthy stories of the week: Freight charge falls by 40 percent; the number of foreign travelers soars by 36 times; some commercial banks are granted more credit room for 2023; banks slashed deposit interest rates.

American food blogger with love for Vietnamese street food

A passion for street food has inspired American actress Corrin Carlson to become a food blogger giving reviews about food, restaurants, travel, and daily life during her three-year stay in Vietnam.

Habit of burning straw persists in Hanoi’s suburban areas

The burning of rice straw after harvesting in Hanoi's suburban districts not only causes air pollution and harm to human health, but also hinders traffic.

Vietnam sends rising number of workers abroad

Nearly 28,500 Vietnamese went to work abroad in the first two months of this year, a 20-fold increase compared to the same period last year.

Hanoi's first golden hotel up for sale

Currently, there are about ten interested investors negotiating the price, offering US$250 million.

HCM City Mayor: bottlenecks to be removed to warm up real estate market

HCM City Mayor Phan Van Mai has said that municipal authorities have identified the problems of the real estate market and that Vice Mayor Bui Xuan Cuong has been assigned to head a team to work day and night to revitalize the market.

Singer with Vietnamese roots wins third place at German Eurovision

German-Vietnamese singer and dancer Trong Hieu has won the third prize at the German Eurovision Song Contest.

HCM City government to go digital by 2025

The HCM City government has announced its digital data governance strategy for 2025 with a vision towards 2030.

Biometric authentication applied to domestic passengers in Vietnam's airports

Cát Bi International Airport will pilot the use of a separate lane for domestic passengers using electronic ID cards.

New resolution introduced to address medical equipment, drug shortage in Vietnam

Experts have welcomed new plans to address challenges in the procurement and bidding for drugs and medical equipment.

Truong Thi Mai picked as permanent member of Party Secretariat

The Political Bureau convened a meeting at the headquarters of the Party Central Committee on March 6 to consider the personnel work. The Political Bureau decided as follows:

Vietnamese real estate remain attractive to foreign investors

The Vietnamese real estate market has remained attractive to foreign investors and investment funds despite difficulties countering domestic firms, according to insiders.

No university ranking is reliable: expert

Prof Nguyen Van Tuan from the University of Technology Sydney says it is not a surprise if a well-known university with training quality recognized by society has a low position in university rankings.

Oranges go unsold, pomelos are dirt cheap as supply exceeds demand

Orange prices in the south have plunged and farmers have once again called for a ‘rescue campaign’. In the north, Dien pomelos are selling for extremely low prices.

A distinctive version of An Nhon-style spring rolls

With their distinctive flavor, spring rolls served on a flat winnowing basket (banh cuon tret) in An Nhon Town, Binh Dinh province, are a favorite among diners.

Coffee exports: bright spot for Vietnam agriculture in 2023

After great success in 2022, Vietnam's coffee exports may face challenges this year as the fluctuations of the US dollar have been unpredictable.

Female photographer wins big at SkyPixel Annual Photo & Video Contest

Female photographer Khanh Phan has been awarded the Grand Prize of US$15,000 in the SkyPixel Annual Photo & Video Contest for a photo themed “Floral Dress”.

Betting on banks and real estate, Dragon Capital experiences ups and downs

Dragon Capital manages many well-known funds with investment in banks, retail and real estate, totaling billions of dollars. Having gained outstanding achievements over several decades, it took a big loss in 2022.

Local female referees to take charge of AFC U20 Women's Asian Cup qualifiers

The Asian Football Confederation (AFC) has named a referee supervisor, three referees, and two assistant referees from Vietnam to take charge of some group games at 2024 AFC U20 Women's Asian Cup qualification stage.

Fireworks to light up Da Nang’s sky as international festival returns with a bang

Vietnam will go up against Finland in the curtain-raiser of the Da Nang International Fireworks Festival (DIFF) on June 3 as the unique event returns to the central city after a three-year suspension due to the COVID-19 pandemic.

"Green gold" of Red Dao people exported to Taiwan, Japan, and Europe

To enhance the value of ancient indigenous tea trees, in recent years the Phin Ho Tea Processing Cooperative has expanded production and raw material areas by cooperating with 410 tea growing households in Thong Nguyen, Nam Ty, and Tung San communes.

Mein Schiff brings nearly 2,000 tourists from Europe to Quang Ninh

The Malta-flagged luxurious cruise ship Mein Schiff 5 docked at the Ha Long International Cruise Port in the northern province of Quang Ninh on March 6 with nearly 2,000 tourists on board.

Open the door to trade and economic connection in Northeast region

The Dong Dang (Lang Son) - Tra Linh (Cao Bang) expressway project is expected to open the door to trade and economic connection in the Northeast region of Vietnam, serving the goal of promoting socio-economic development in the related localities.

Will Vietnam lose advantages to attract FDI with the global minimum tax?

The introduction of the global minimum tax will reduce competition in attracting investment in developing countries, which mainly rely on tax incentives to attract foreign direct investment (FDI).

Vietnamese man creates vivid sculptures from tyres

Nguyen Thanh Trieu claims that the sculptures he has made from used tyres can resist adverse weather conditions and have a high level of durability.