Non-life insurance companies undergo mixed performance in Q1

Non-life insurance companies have seen a mixed performance in the first quarter of 2024, with several experiencing significant profit growth and others facing challenges.

Vietnamese Ao Dai collection makes US debut

Vietnamese designer Do Trinh Hoai Nam recently launched his traditional long dress collection at the Vietnam Ao Dai festival held in San Jose (California, USA), with the aim of introducing the country’s culture to international friends.

Bad debt still a headache for banks in 2024

Bad debt has returned to become a headache for the banking industry this year as it increased again in Q1 2024 after declining in Q4 2023 for the first time in eight consecutive quarters.

Techcombank's Auto-Earning feature revolutionizes banking

Three months after Techcombank's Auto-Earning feature on its mobile e-banking app was introduced in January, its slogan - "Let your money work" - has become a social media trend in Vietnam.

The 20-year-old Vietnam pho restaurant in South Korea

Vietnamese pho is now available in many countries, including South Korea.

Thousands of people release lanterns to celebrate Lord Buddha's birthday

Thousands of people flocked to the Phap Hoa Pagoda in District 3, HCM City to release lanterns to Nhieu Loc Canal to celebrate Lord Buddha's 2,568th birthday on May 19.

Kim promises to take Vietnam to victory at ASEAN Cup

Kim Sang-sik knows Việt Nam’s challenges at the upcoming ASEAN Mitsubishi Electric Cup 2024 but he believes to have positive results.

Vietnam finalises valuation of three banks for mandatory acquisition

The government has finished the valuation of three banks for mandatory acquisition.

SCIC plans to sell stakes in over 30 enterprises

SCIC will offload capital in 31 firms, including FPT Corporation.

Indian tech legend inspires Vietnamese IT industry

Narayana Murthy, known as "India's Bill Gates", is visiting Vietnam to share his experience with government leaders, IT managers, experts, and business leaders.

Vietnamese film revenue tops $40 million in five months

In the first five months of the year, the total box office revenue of Vietnamese films in 2024 has exceeded VNĐ1 trillion (US$40 million).

Prime Minister extends greetings on Lord Buddha’s birthday

Prime Minister Pham Minh Chinh extended congratulations to Buddhist dignitaries, monks, nuns and followers on Lord Buddha’s birthday (Vesak Day).

NA Economics Committee asks government to explain banks’ high profits

Commercial banks have reported a high level of profits for 2023 at a time when businesses were facing difficulties.

Quang Hai set to join J1 League Club

Midfielder Nguyen Quang Hai is likely to sign a contract to join a team in Japan's J1 League.

Buddhists solemnly celebrate Lord Buddha’s 2568th birthday in Hanoi

The Vietnam Buddhist Sangha solemnly held a ritual on May 21 at Quan Su Pagoda in Hanoi to observe the 2568th birth anniversary of Lord Buddha.

Vietnam expects to host another UN Day of Vesak

A Vietnamese diplomat has highlighted Buddhism’s importance in the country’s national development at the commemoration of International Day of Vesak 2024 at the UN headquarters in New York on May 20.

Japan is largest recipient of Vietnamese guest workers

Japan welcomed 29,665 Vietnamese guest workers in the first four months of this year, becoming the largest recipient of workers under labour contract from the Southeast Asian nation.

Vietnam imports over 3 billion USD worth of mobile phones, components in Q1

Vietnam's import of mobile phones and components reached over 3 billion USD during the first quarter of 2024, according to data from the General Department of Vietnam Customs.

Vietnam Airlines’ plane forced to return to airport following hail damages

Inspection revealed a dent with a diametre of approximately 40cm on the nose cone and a cracked windshield on the co-pilot’s side.

Vietnam Business News May 22/2024

Over 35,000 taels of SJC gold sold to market in one month

Postage stamp collection spotlights Vietnamese tea plant, culture

The collection comprises two postage stamp models and a stamp block designed by artist Nguyen Du from VNPost.

Netflix stops distributing games on its platform in Vietnam

Netflix, the American subscription video on-demand over-the-top streaming service, has stopped advertisements and distribution of games on its apps, Apple AppStore and Google Play Store in Vietnam, following a request from a Vietnam watchdog agency.

Binh Duong attracts nearly 4,300 FDI projects so far

As of May 2024, the southern province of Binh Duong has attracted nearly 4,300 projects with a total investment capital of nearly 40.6 billion USD from 65 countries and territories, ranking third in the country after Ho Chi Minh City and Hanoi.

Localities still slow in disbursing foreign-funded public investment

The disbursement of public investment funded by foreign sources in localities is relatively low at present, requiring solutions to difficulties facing each project, an official of the Ministry of Finance (MoF) said on May 21.

EC reschedules fifth IUU fishing inspection in Vietnam

The European Commission (EC) has rescheduled an inspection on illegal, unreported, and unregulated (IUU) fishing in Vietnam from May to this upcoming autumn, according to Director of the Fisheries Resources Surveillance Department Nguyen Quang Hung.