Prime Minister: Vietnam remains a good friend of the US, whoever is president

Vietnamese Prime Minister Nguyen Xuan Phuc said that whoever is the US President - Joe Biden or Donald Trump - the US is still a friend that has a good relationship with Vietnam in the spirit of mutual respect and understanding.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 17

Gov’t orders solutions to support rice exporters to EU

Vietnam makes progress with urban planning and development

Dao Ngoc Nghiem, vice president of the Vietnam Urban Development and Planning Association, talks about the achievements and shortcomings in urban planning, development and management.

Joint patrols help maintain security in East Sea

Many international maritime routes pass through the East Sea, making it the world’s second-busiest shipping lane in terms of commercial activities, after the Mediterranean. 

Du Ke Theatre – a unique performing art of southern Vietnam

Du Ke is a style of musical theater created by Khmer people in southern Vietnam in the early 1900s, which reflects the Khmer people’s daily life and production activities.

Wind power: Ministry wants to extend FIT policy

Following a proposal by 10 provinces, the Ministry of Investment and Trade (MOIT) wants to extend the deadline for FIT (Feed in Tariff) application because many wind power projects cannot become operational prior to the given date.

Triple amendments strike sparks in M&A

Mergers and acquisitions in Vietnam are forecast to change from the beginning of next year, when three amended laws will come into effect at the same time.

Foreign investors increasingly drawn to VN education sector

According to the General Statistics Office, foreign investment as of October 20 was US$23.48 billion, equivalent to less than 81 per cent of the figure for the same period last year.

Banks raise foreign ownership ratio to improve financial strength

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

Vietnam needs framework for new-generation cigarettes, say experts

Vietnam should not legalise the use of e-cigarettes and heated-tobacco-products (HTPs) immediately but conduct a pilot phase allowing the production, import and trading of this new-generation cigarettes in the country, officials have said.

Eye-catching deals in a year of disruptions

Although share contributions and purchases have gone into a relative lull in recent times, there have still been numerous outstanding deals stealing the limelight in the market.

Kite flute festival recognised as National Intangible Cultural Heritage

The custom of playing kite flute during the Sao Den Kite Festival has been recognised as National Intangible Cultural Heritage by the Ministry of the Culture, Sports and Tourism.

Miners lobby for right to export coal without limitation, MOIT demurs

Coal miners want the government to open the door for them to export high-quality coal, saying that Vietnam does not use this type of coal or uses very little of it.

Market rally to go on, corporate earnings in the sight

Vietnam’s benchmark VN-Index climbed to a 10-month high last week and the market rally will keep on going, experts and securities firms forecast.

New book features Khmer murals in southern Vietnam

A book featuring the art of ethnic Khmer murals in southern Vietnam by cultural researcher Huynh Thanh Binh has been released by the HCM City-based Van Hoa-Van Nghe (Culture-Arts) Publishing House. 

Vietnam e-commerce expected to see boom

Despite Covid-19, online shopping in Vietnam has been growing steadily. Analysts believe that online sales will soar in the last months of the year.

One COVID relapse suspect reported in Hanoi

A COVID-19 patient in Hanoi has tested positive again after being given all clear two months ago, the city’s Centre for Disease Control has said.

Government formally approves Long Thanh international airport

Deputy Prime Minister Trinh Dinh Dung has approved the first phase of the Long Thanh International Airport in the southern province of Dong Nai.

Record number of documents adopted at 37th ASEAN Summit against COVID-19 backdrop

The 37th ASEAN Summit and related summits wrapped up on Sunday with more than 80 documents adopted to concretise the joint efforts of ASEAN member states and their partners 

Tay Ninh Province launches Cake Festival

The 3rd Trang Bang - Banh Trang Phoi Suong (dew-soaked rice crepe) Festival will take place in Tay Ninh Province’s Trang Bang District on December 24 to celebrate the Christmas and New Year season.

Vietnam's priority objectives to rise above pandemic tides economy

Vietnam is now struggling to instrument the recovery of its economy that has been seriously rocked by the global health crisis. 

Storm-proof home initiative transforming living conditions

The recent storms causing misery in central Vietnam may have left large wounds in the lives of poor residents in the south-central province of Quang Ngai.

Banks told to reach out to remote areas to compete with black credit

Since black credit is creeping into every corner of society, commercial banks also need to reach out to every village to combat it and scramble for clients.

Airbnb-style practices targeted with tax proposals

Proposals currently being pored over to recognise short-term leasing of apartments as a legal business will put pressure on popular homestay groups such as Airbnb.