Vietnam to host Mekong Tourism Forum in October

Vietnam is scheduled to host the 2022 Mekong Tourism Forum, themed “Rebuild Tourism, Rebound with Resilience”, from October 9 – 14, the first in-person meeting of the six Greater Mekong Subregion (GMS) destinations since the pandemic began in 2019.

Cryptocurrencies show high risks

Even though cryptocurrencies are not legally recognized in Vietnam, they have gradually become popular due to unlawful trading via specific platforms.

Pandemic-hit labourers continue to receive financial support

The Unemployment Insurance Fund plans to pay out 1.15 trillion VND (49.15 million USD) to support labourers affected by the COVID-19 pandemic, according to a resolution issued by the National Assembly (NA) Standing Committee.

Seven petroleum wholesalers’ licenses suspended

The Ministry of Industry and Trade suspended the operating licenses of seven key petroleum import and export businesses after inspecting 33 wholesalers in February this year.

President reduces death penalties to life sentences for 21 prisoners

President Nguyen Xuan Phuc on August 12 decided to reduce death penalties to life sentences for 21 prisoners, including two foreigners.

Storm Mulan circulation leaves six dead and missing

A total of six people have been confirmed dead with several others missing throughout the northern region following torrential rains and floods caused by Storm Mulan’s circulation.

Strange creatures in Vietnam: tree-climbing fish, water-fearing crabs

Thoi loi fish, or giant mudskipper, is one of the strangest fish species on the planet. A man in Ca Mau raises the fish as if it is a pet, while colorful ornamental crabs are raised by a man in Hanoi who earns hundreds of millions of dong a month.

Domestic securities companies face losses

Several deep and prolonged corrections in the stock market of late have caused many domestic securities companies to face heavy losses, after a phase of continuous profit-making.

VIETNAM BUSINESS NEWS AUGUST 12

Vietnam to host Mekong Tourism Forum in October

Five different COVID-19 vaccines put through clinical trials

The vaccines include Nanocovax, COVIVAC, ARCT-154, COVID-19 HIPRA and S – 268019.

VIETNAM NEWS HEADLINES AUGUST 12

Ministry proposes keeping COVID-19 in Group A of infectious diseases

Provincial leaders, finance official face disciplinary action

The Party Central Committee’s Inspection Commission held its 18th session in Hanoi from August 10-11 to discuss wrongdoings by several Party bodies and impose disciplinary measures against the officials involved.

Rise of screen time puts children at high risk of social media addiction

The National Children's Hospital has recently received more child patients with mental illnesses attributed to the increased screen time they spent during the COVID-19 pandemic when outdoor physical social activities were limited.

Transport firms continue to reap high profits as ocean rates fall slowly

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.

Entry policies could be relaxed as tourism authorities seeks visa waivers

In a bid to boost inbound tourism, Vietnam is considering increasing the number of nationalities eligible for visa exemptions.

2G networks to be phased out from end of 2022

Vietnam is expected to phase out 2G networks by the end of this year given the emergence of new mobile technologies like 5G, according to the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications.

Industrial Zone land rents rise as big companies flock to Vietnam

Industrial real estate has shown positive signs after the country began reopening international air routes. However, higher leasing fees are a concern.

Transport ministry clamps down on taxi drivers overcharging at Tan Son Nhat Airport

The Ministry of Transport has announced a plan to strengthen inspection and crack down on taxi drivers' illegal practices, such as enticing passengers, overcharging or refusing to take passengers at Tan Son Nhat International Airport in HCM City.

Education investment dips increasingly into edtech

Despite the influx of investment and the rapid pace of development, at the moment, there is no specific legal framework for edtech under Vietnamese law.

Automobile sale strongly rebounds in 7 months

Automobile sales in Vietnam posted a month-on-month increase of 20% and a year-on-year surge of 88% in July, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 11.

Authorities warn transport companies on fare prices

Fuel prices have fallen back to the pre-January level, but many transport firms still refuse to adjust their fares, according to authorities.

Hanoi handles over 700 long-stalled projects

Hanoi City has reviewed and handled over 700 long-delayed projects covering a total area of more than 5,000 hectares to speed up the investment in and completion of the projects and avoid a waste of land.

Vietnam to develop game industry: official

The Ministry of Information and Communications (MIC) is developing a strategy with specific goals and norms to develop the game industry, said Le Quang Tu Do, deputy director of the Authority of Broadcasting, Television and Electronic Information.

Five Vietnamese skaters to compete at int'l figure skating competition

Five Vietnamese skaters will compete at the 2022 International Skating Union (ISU) Junior Grand Prix of Figure Skating which will take place in the Czech Republic from August 31- September 3, and in Italy from October 12-15.

Vietnam stays ready for trade talks with US to address arising problems

Vietnam is willing to hold trade talks with the United States to timely solve arising problems and strengthen bilateral economic, trade and investment relations, in the interest of businesses and people of the two countries.