Vietnam News Headlines May 13/2024

Eco-friendly ao dai designs on show at London fundraising event

Mekong Delta faces freshwater shortage

The salinization and scarcity of fresh water is expected to cause severe damage to the local farmers in the Mekong Delta region.

Vietnam Business News May 13/2024

Government inspection instruction playing a role in gold price slip: Experts

Domestic gold prices edge down

As trading began this morning (May 13), domestic gold prices fell by VND3.3 million per tael for buying and VND2.8 million for selling, causing huge losses for those who had bought the metal at record-high prices.

Vietnam targets 10 billionaires and top Asian business leaders by 2030

Vietnam has set ambitious targets to have at least 10 billionaires and five of Asia’s most influential entrepreneurs by 2030.

Number of large FIEs in Vietnam almost doubles from 2022

The rate of entry into Vietnam of small FIEs is decreasing, while those with a workforce ranging between 501 and 1,000 almost doubled between 2022 and 2023.

Businesses and people expect VAT cut extension to be approved

The VAT reduction from 10 per cent to 8 per cent is being implemented according to Resolution 110/2023/QH15, from January 1 to June 30, 2024.

Hanoi's appearance expected to change in years to come

Hanoi plans to build four satellite cities, an airport in the southern part, and complete an urban railway network in upcoming years.

2024 VinFast IRONMAN 70.3 Vietnam wrapped up

The official event of the 2024 VinFast IRONMAN 70.3 Vietnam - the largest triathlon race in the country - took place in the central city of Da Nang on May 12 with the participation of nearly 2,000 domestic and international athletes.

Vietnamese paintings show off at int’l art fair in London

Artworks by 14 Vietnamese artists were on display at Affordable Art Fair 2024 held in London from May 8-12, impressing British and international art lovers.

Green production, trade will help wood industry increase export

Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.

Central bank’s bid to stabilise gold market hits snag

Contrary to expectations, each auction has seen gold prices surge rather than decline, fueling a buying frenzy among consumers.

Vietnam has high mortality rate from cancer due to late detection

According to the Global Cancer Observatory (GLOBOCAN) statistics for 2022, Vietnam has approximately 180,400 new cancer cases and over 120,000 cancer-related deaths each year.

Travel companies remain hungry for visitors

According to tourism experts, a large number of foreign visitors do not book package tours or rarely use services provided by travel agencies except small-valued ones. That will result in the low profitability of Vietnamese travel agencies.

Manpower is key to building semiconductor industry in Vietnam

Minister of Information and Communications Nguyen Manh Hung says there should be a national agreement on workforce supply to ensure success for the human resources development project.

FDI takes on innovation focal point

Nearly 40 years since opening the doors to the wider world, Vietnam’s development has witnessed great strides with major contributions from foreign investment, which is now leaning into new priorities such as semiconductor manufacturing and AI.

The turning point for Vietnam’s data center industry

The Viettel Hoa Lac Data Center, the largest and the first green DC in Vietnam, has electricity consumption capacity of 30MW. It is the first DC in Vietnam to receive green credit from HSBC.

Accelerated public investment the backbone to new growth

Vietnam is being advised by economists to have a bigger focus on boosting the expansion of fiscal policy to fuel domestic production and business activities.

Garment makers confident to beat US$44 bln export target for 2022

The garment industry says its goal of earning US$44 billion from exports this year is likely to be within reach as many garment makers have secured export orders till the end of the third quarter, plus sound performance in the first quarter.

Lang Co Bay – one of the world’s most beautiful bay

A trip to Thua Thien-Hue province in central Vietnam cannot be complete without setting foot at in Lang Co Bay, one of the most beautiful bays in the world.

Scorching heat, lack of water hit southern fruit output

Fruit orchards in southern provinces such as Bà Rịa-Vũng Tàu and Đồng Nai have alarmingly low yields due to a lack of irrigation water caused by heat waves and dry weather.

HCM City invests efforts in developing medical tourism

Boasting diverse health establishments, high-quality services and highly skilled health workers, Ho Chi Minh City is striving to tap into its medical tourism potential to attract more domestic and foreign visitors.

Human resources training takes centre stage to develop e-commerce

Training human resources in e-commerce is among focuses in plans on e-commerce development for 2024 of many localities, according to the Vietnam E-commerce and Digital Economic Agency under the Ministry of Industry and Trade (MoIT).

Vietnam News Headlines May 12/2024

NA Standing Committee to commence its 33rd session on May 13

Saigon Breaking Battle winners Fido Crew to compete in France next year

Fido Crew will represent Vietnam to compete at the international breakdance competition Battle UNITY due to take place in Caen, Normandy (France) in 2025.