Transport Ministry proposes allowing private firms to invest in airport projects

The Ministry of Transport has proposed mobilizing private resources under the public-private partnership model for new airport projects, such as Quang Tri, Sa Pa and Cao Bang.

Red River Delta named among top 52 Places for a Changed World

The Vietnamese Red River Delta has been named among the list of the top 52 Places for a Changed World in 2022, as selected by the New York Times of the United States.

No change on mandatory rapid COVID-19 testing for air passengers from countries with Omicron

The Civil Aviation Authority of Vietnam (CAAV) has asked agencies to continue conducting rapid testing for all air passengers upon entry to Vietnam, who are from or have transitted in countries with new cases of Omicron.

Auction mechanism for sustainable development of renewable energy market under scrutiny

A Policy Dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” was held via an online format on January 11 by independent think tank Vietnam Initiative for Energy Transition (VIETSE).

Banks criticized for sky-high interest rates, burdening businesses

Many banks made a high profit in 2021 thanks to high lending interest rates. However, they have been warned of ‘making a rod for their own back’.

Vietnam targets GDP per capita at US$3,900 in 2022

The Government has issued Resolution 01/NQ-CP on socioeconomic targets for 2022, following which the Government targets a gross domestic product (GDP) growth of 6%-6.5% and GDP per capita at US$3,900.

Da Nang, Long An record four more Omicron cases, bringing Vietnam's total to 35

The southern province of Long An has reported its first Omicron case while the central city Da Nang logged three more, bringing the national tally to 35.

FIFA fines Vietnam for rules violations during World Cup qualifiers

The world’s football governing body FIFA has imposed a fine of CHF6,000, equivalent to US$6,475, on the Vietnamese national squad after six of the players were given a yellow card in their recent match against Saudi Arabia.

Environmental protection indicator set to be revised

The Ministry of Natural Resources and Environment is working to revise a set of indicators evaluating the outcomes of environmental protection in line with the Law on Environmental Protection 2020 that became effective from January 1.

Tan Hoang Minh Group withdraws from Thu Thiem land auction, accepts loss of deposit

Tan Hoang Minh Group has sent a letter to the Party, State and Government leaders, and HCM City People’s Committee about its decision to withdraw from Thu Thiem land purchase that it won at auction in mid-December.

VIETNAM BUSINESS NEWS JANUARY 12

Tra fish exports predicted to hit 1.7 billion USD this year

Trinh Van Quyet’s transaction canceled, securities accounts blocked

An unreported transaction made by Trinh Van Quyet, Chair of FLC Group, worth VND1.6-1.8 trillion on January 10 has been canceled as he did not report the deal.

VN to boost domestic 'supporting industries'

Vietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade.

 

Vietnamese banks’ charter capital surged in 2021

Banks increased their charter capital by more than VND110 quadrillion in 2021 - the highest annual growth to date - to enhance financial strength and meet the central bank’s regulations.

 

Unvaccinated int’l tourists could still travel to Vietnam

Unvaccinated or partially vaccinated international tourists can come to Vietnam on seven-day package tours, according to the Ministry of Culture, Sports and Tourism’s draft guidelines to reopen inbound tourism services.

Artisan creates 2022 tiger sculptures to welcome New Year 2022

These days, artisan Nguyen Tan Phat from Duong Lam Village, Son Tay Town, Hanoi, is busy with a project of making 2022 tiger sculptures to welcome New Year 2022 – the Year of the Tiger.

Billboard Music Charts to be officially launched in Vietnam

The Billboard Music Charts, one of the most respected and recognized music charts globally, will be officially launched in Vietnam on January 14, marking a historic moment for Vietnam’s music industry.

Vietnam ranks third worldwide in terms of rubber export value

Vietnam ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, the Ministry of Agriculture and Rural Development (MARD) said.

Vietnamese businesses capable of reaching out to global market

Many Vietnamese companies are able to reach the regional and international market after accumulating experience and financial resources in the domestic market.

National Assembly agrees to extend eastern wing of North-South Expressway

The National Assembly on Tuesday ratified a resolution on building the eastern section of the North-South Expressway during its extraordinary meeting in Hanoi.

VIETNAM NEWS HEADLINES JANUARY 12

Cold weather in northern Vietnam to last for 10 more days

Five years of PCA's ruling: no such thing as ‘power creating justice’

The Permanent Court of Arbitration (PCA)'s ruling has been an irrevocable part of history. It will act as a “guide” for countries involved in the struggle for an order based on rules and not on “force creating justice.”

 

National Assembly NA passes largest ever relief package for economic recovery, development

The National Assembly on January 11 voted to adopt a Government-proposed socio-economic recovery programme worth nearly VND350 trillion (approximately US$15 billion) over the next two years.

Vietnam first Southeast Asian country to earn over US$1 billion from exports to Hungary

Vietnam has become the first Southeast Asian nation to earn over 1 billion USD from exporting goods to Hungary and the European country’s leading exporter from this region since 2000, according to the Ministry of Industry and Trade.

China reopens one more border gate with Vietnam for fresh fruit imports

Chinese authority on January 12 re-opened its Hekou International Border Gate for imported fresh fruits, including dragon fruit, and frozen foods from Vietnam, according to the Ministry of Industry and Trade.