FLC Group has new chairman after Quyet’s arrest

Property developer FLC Group announced on March 31 that Dang Tat Thang will be chairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board of directors.

Vietnam plans COVID-19 vaccination for children aged 5-11 from April

The Ministry of Health has asked localities to prepare for vaccinating children aged 5-11 against COVID-19 from April, using vaccine donated by the Government of Australia.

Vietnam set new records with draw against Japan

Vietnam's 2022 World Cup journey has come to an end, but the records set by Park Hang-seo’s men means they can hold their heads high. 

Dong Thap seeks nod for specialized economic zone

The Dong Thap Province has proposed the central government allow it to establish a specialized economic zone in the provincial border gate economic zone to fuel economic growth in the border area.

HCM City still pays for pumping service despite no floods

Nguyen Huu Canh Street in HCMC’s Binh Thanh District no longer faces floods following its upgrade, but the city still spends over VND14 billion a year to rent a massive pumping system.

Policy vision: outdated regulations hold back auto industry

Looking back at the history of the automobile industry in Vietnam, the biggest limitation is the vision and capacity of policy makers.

Stock market manipulation almost brought huge sum to FLC chairman

High-profile FLC Group chairman Trinh Van Quyet would have enjoyed illicit perks worth over VND530 billion if his sale of 74.8 million FLC shares had not been cancelled in January for his failure to disclose information prior to the transaction.

Vietnamese businesses on way to recovery after pandemic

Meta’s survey shows that small and medium enterprises (SMEs) in Vietnam are affected by the new Covid-19 strain, but optimistic signals are revealed.

Cheap fruit piles up on sidewalks

“Rescue dragon fruit. Just VND90,000 per box of 20 kilograms.” “Watermelon surprisingly cheap at VND5,000 per kilogram.” These are the sales pitches heard by Phung Thi Tho in Hoang Mai district in Hanoi every day.

Facebook, Youtube remove thousands of ‘fake news’ items

More than 3,200 videos and articles with false or fake information were removed by cross-border platforms in Vietnam in the first quarter of 2022.

Times: Extraordinary trips to Vietnam in 2022

Observing French colonial buildings, visiting Buddhist temples, and trying the tasty street food in Hanoi are among the suggestions of The Times to foreign visitors to Vietnam.

Cost of living in Hanoi highest in Vietnam

The capital city has the highest cost of living in Vietnam, according to the Spatial Cost of Living Index (SCOLI) announced recently by the General Statistics Office (GSO).

Law on Cinema: are foreign filmmakers required to show scripts?

National Assembly Deputies on March 29 discussed the amendment of the Law on Cinematography which is expected to be ratified at the upcoming National Assembly session in May.

Two university professors to receive 2021 Kovalevskaya Award

The 2021 Kovalevskaya Award will be given to two Vietnamese university professors in recognition of their outstanding research achievements and great contribution to the national development.

About 3.4 million labourers to benefit from housing rent support policy

Some 3.4 million labourers would benefit from the housing rent support policy that has been recently approved by the Prime Minister, heard a press conference in Hanoi on March 30.

Foreign investment to be assisted by revivial of tourism

The recovery of all tourism activities after more than two years of being ravaged by COVID-19 has also opened up an opportunity to attract foreign investment into the tourism sector, especially resort real estate.

Navigating supply chain, shipping issues remain tricky for Vietnamese exporters

Sea freight rates continue to escalate as they track petroleum prices, pushing up export costs and thus reducing the competitiveness of Vietnamese goods, according to businesses.

Foreign investment disbursements at highest level since 2018

In the year to March 20, Vietnam had attracted US$8.91 billion in foreign investment, down 12.1% year-on-year. However, the disbursed foreign investment had reached the highest level since 2018, according to the General Statistics Office.

FDI projects must not disadvantage farmers

The Government has agreed to the proposal sent by the Ministry of Planning and Investment on the development criteria to attract Foreign Direct Investments (FDI) into the country. 

Many businessmen sentenced to jail in 2020 for stock market manipulation

In 2019, the Hanoi People's Court for the first time put a case of stock price manipulation to trial. Since then, many businessmen have had to pay a heavy price for their market manipulation.

VIETNAM NEWS HEADLINES MARCH 30

Sick Bangladeshi sailor saved in Khanh Hoa

Tlinh and Grey D become first exclusive recording artists of MMUSIC

MMUSIC is one of the most important projects of METUB Network in 2022.

Arrest of FLC Group Chairman: The aftershocks

The FLC ecosystem is not large in scale and has a small influence on the market. Bamboo Airways of FLC has insignificant impact, but it has been operating effectively.

VIETNAM BUSINESS NEWS MARCH 30

Gov’t approves extension on bad debt settlement scheme

 

Increase in FDI opens up opportunity to develop local supporting industries

Disbursed foreign capital reached over US$1.6 billion in January, up 6.8% year on year. This is a good sign for Vietnam as it has received more attention from foreign investors, with the expectation of becoming the world's new production center.