Black credit victims borrow VND1.5 billion, incur debt of VND15 billion

With exorbitant interest rates and gangster-style debt chasing, black credit has become a burning issue. The police have also warned that Vietnam may become a destination for foreign usurers.

VN plans to secure enough COVID-19 vaccines for booster shots by June 2022, in talks for shots for children aged 5-11

The Government Office on Wednesday has released Prime Minister Pham Minh Chinh’s conclusions after the meeting on COVID-19 vaccines and therapeutics held on Sunday.

Over $200mil. project approved to solve traffic jams at gateway to Tan Son Nhat airport

The People's Committee of Ho Chi Minh City has approved the construction of a road connecting Tran Quoc Hoan - Cong Hoa (Tan Binh district) at a cost of VND4.8 trillion (US$208 million), from the city budget.

 

Vietnam to gain US$6 billion from coffee by 2030

Vietnam will step up its processed coffee industry to take full advantage of the benefits from free trade agreements, towards the goal of aiming for an export target of US$6 billion by 2030. 

Vietnam receives final shipment of AstraZeneca COVID-19 vaccines in 30mln deal, more are coming

The final batch of 1.5 million doses of AstraZeneca COVID-19 vaccines from Vietnam’s contract for 30 million doses from the British-Swedish pharmaceutical company has arrived in the country.

Investors upbeat about M&A prospects in Vietnam

Despite a slowdown in M&A during the pandemic, investors still expect a rebound in deal-making in Vietnam thanks to the country's long-term growth potential.

Fifth student dies after receiving Pfizer vaccine shot in Vietnam

A high school student of Quang Tri province has died after receiving a Pfizer COVID-19 vaccine shot, becoming the fifth child victim of vaccinations in Vietnam.

Gov't to seek $8 bln in foreign investment to build three metro routes in HCM City

The Government is soliciting billions of dollars in foreign investment in metro routes and other infrastructure projects in HCM City in the next five years.

Cruise ship owner sells three houses to pay debts, hotel owner seeks help

The owner of a cruise ship sold his three houses to pay debts, while the owner of a hotel hung up a door plate asking for help from the local government. Both are signs of the dire conditions in the tourism sector.

Registration fee reduced to boost Vietnam auto market

A 50 percent reduction in registration fees for domestically-assembled cars is forming part of a push to help the auto market grow in the next six months.

Vietnam’s tech businesses prosper amid pandemic

Since the Covid-19 pandemic began, technology businesses have shown their potential by maintaining an impressive growth momentum.

Transport sector to focus on resuming regular international flights in 2022: Minister

Minister of Transport Nguyen Van The has said the sector will focus on resuming regular international flights in 2022 based on COVID-19 situation.

100,000 businesses leave market, millions of families in difficulties

Most of the 100,000 businesses that have left the market in 2021 have been small and medium sized enterprises (SMEs), which has caused difficulties to millions of workers and their families.

Results in from largest-ever survey on women and children in Vietnam

The results from Vietnam largest ever survey have painted a clearer picture of the lives of children and women in the country, touching on issues such as maternal health, education, equality and domestic violence. 

Hanoi: Covid-19 cases may rise to 1,000 per day

It is forecast that the number of new cases in Hanoi will rise, possibly 1,000 cases a day, said Director of the Department of Health Tran Thi Nhi Ha.

 

Nearly 200,000 Vietnamese citizens flown home from abroad: spokeswoman

Vietnamese authorities and representative agencies abroad have worked closely with domestic and foreign airlines to conduct over 800 flights carrying home nearly 200,000 Vietnamese citizens from over 60 countries and territories.

Banks earn huge profits, businesses wait for interest rate cuts

Many businesses are disappointed with the move of private joint stock commercial banks, which cite a fear of a sharp drop in profits.

 

Lawmakers agree to issue Resolution on policies, mechanisms for COVID-19 fight

The National Assembly Standing Committee offered opinions on the adoption of health care policies and mechanisms in the fight against COVID-19 pandemic during a meeting in Hanoi on December 8.

Automatic stay extension for foreigners stranded due to COVID-19

The Department of Immigration has issued a notice on automatic extension of stay for foreigners stranded due to COVID-19.

VIETNAM BUSINESS NEWS DECEMBER 9

Vietnam's cold storage real estate segment to reach US$295 million in 2025

Daredevil Giang brothers to attempt another world record in Spain

Giang Quoc Nghiep jumps and lands upside down, supported by the hands of his brother, Giang Quoc Co. He then spins on top of Co's head. Nghiep begins walking around while his brother tries to keep his balance.

Vietnam hits 2021 garment export target

Vietnam’s textile and garment export value this year is estimated at US$39 billion, up 11.2 per cent year-on-year, according to an official from the Vietnam Textile and Apparel Association (VITAS).

 

Digital transformation: one touch buys a bus ticket

Digitizing public transport has led to practical benefits for consumers.

Natural disasters kill 91, cost Vietnam USD191 million

Natural disasters killed 91 people and caused a total loss of VND4.4 trillion (USD191 million) for Vietnam in the first 11 months of this year.

Trade remedy cases against Vietnamese exported products increase

The number of trade remedy cases initiated by foreign countries and territories against Vietnamese exported goods is increasing rapidly, according to Le Trieu Dung, director of the Trade Remedies Authority of Vietnam.