Leaders of Phu Yen, HCM City, State coal mine group to face disciplinary measures

The Party Central Committee’s Inspection Commission issued a disciplinary warning against the Standing Board of the Party Committee of the Vietnam National Coal – Mineral Industries Group (Vinacomin) for the 2015-20 and 2020-25 tenures.

VIETNAM BUSINESS NEWS JUNE 23

Lopsided relationship scares investors off PPP

Vietnamese midfielder highlighted as one to watch at AFC Cup

The AFC Cup's ASEAN Zone will be back in action on June 24, nearly two years after it was cancelled in 2020, featuring eleven Southeast Asian clubs battling it out for regional glory.

Tourism booms as airfares rise

The number of travelers, especially in groups, has seen a boom as summer has arrived. However, travel firms are worried  as airfares are high, and tour guides and passenger buses are lacking.

Ease of spy camera purchasing posing great danger

A tour of technological device markets shows the ease of buying spy cameras of various types without much control.

Korean Air restores flights to Da Nang

Korean Air, the largest airline and flag carrier of the Republic of Korea (RoK), brought 200 passengers to the central city of Da Nang on June 22 following a two-year hiatus caused by COVID-19.

Vietnamese singer appears in Spotify campaign on Times Square billboard

Vietnamese pop star Thieu Bao Tram was featured on a billboard in Times Square in New York on June 22 as part of a promotion for music streaming platform Spotify.

HCMC gets new deputy Party secretary

Nguyen Van Hieu, alternate member of the Party Central Committee, member of the HCMC Party Committee, and secretary of the Thu Duc City Party Committee, has been picked as new deputy secretary of the HCMC Party Committee for the 2020-2025 tenure.

Ha Long Bay entry tickets return to pre-pandemic rates

Entry tickets to the UNESCO World Heritage site Ha Long Bay will return to their former rates set before the Covid-19 pandemic from July 1.

Vietnam, RoK seek to foster cooperation in MICE tourism

The Korea Tourism Organisation (KTO) in Vietnam held an event on June 22 to set up connections with Vietnamese travel management agencies and businesses to promote the growth of MICE tourism after COVID-19 is put under control.

State Bank of Vietnam unwilling to dismantle credit room

The mechanism of granting credit room for each commercial bank is often called an administrative order by experts and it was proposed to remove this mechanism five to seven years ago after banks made new strides in the restructuring process.

A decade of change: health of Vietnam’s banking industry through numbers

Vietnam's banking industry has made great strides after nearly a decade of restructuring. Most banks have recorded very high profits, worth hundreds or even billions of USD in recent years.

VCCI proposes erasing excise tax on gasoline

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the Ministry of Finance study the impact of eliminating excise tax on petrol and report it to the National Assembly at the next sitting.

Cars sales are up, buyers wait for deliveries

Some car models are very popular and in short supply. Buyers have to wait six months to one year to get deliveries though they have paid a deposit and bought accessories.

Number of container trucks stranded at northern border gates falls sharply

The congestion of container trucks carrying goods for export at the border gates in the northern province of Lang Son has improved significantly since mid-June, backed by a faster customs clearance process, said the local trade authority.

Learning from Japan, Vietnam’s startup sells special eggs priced at VND8,000 each

Though selling eggs at VND8,000 each, the founder of the startup says the eggs are not expensive and that he is not afraid of competition with big businesses.

Vietnamese tourists among most ready to travel in Asia-Pacific

The Travel Confidence Index released on June 22 by Booking.com shows that Vietnam has emerged as the second most confident in Asia-Pacific for traveling, with 85% of local travelers stating they intend to travel in the next 12 months.

FED raises interest rates, VN central bank gives message about exchange rate

The State Bank of Vietnam (SBV) has affirmed that it will apply a flexible monetary policy amid global uncertainties.

VN-Index declines for five straight days despite support from banking stocks

Selling pressure from pillar stocks made the VN-Index continue to drop on June 22 despite receiving support from banking and securities stocks.

Mekong Delta planning should include regional as well as local interests

A national cadres conference was organized recently to discuss policies on socio-economic development of the Mekong Delta by 2030, with a vision towards 2045.

MIC launches 'Make in Vietnam' Digital Technology Product Awards 2022

The Ministry of Information and Communications (MIC) on June 22 launched the ‘Make in Vietnam’ Digital Technology Product Awards 2022.

Blockchain will be ‘technological tsunami’

Chief Technology Officer of FPT Vu Anh Tu says that Blockchain will be used in many areas of life.

VIETNAM NEWS HEADLINES JUNE 22

Hanoi motorbike tour, Hoi An cooking class among top travel experiences in Asia

Vietnam remains attractive tourism destination in post-pandemic period

Daily newspaper the New Zealand Herald recently published an article by UK journalist Nigel Richardson describing Vietnam as an attractive destination amid world beginning to recover from the COVID-19 pandemic.

US$7 billion mum and baby market attracts foreign investors

The retail market for mothers and kids is attracting large distributors amid rebounding demand after the pandemic.