Money recovered from Van Thinh Phat bond fraud to be returned to rightful owners

The police are scouring the country for over 42,000 victims of a massive bond fraud thought to involve VNĐ30 trillion (US$1.24 billion) by property developer Vạn Thịnh Phát.

Experts foresee VN-Index breaking 1,130 point barrier in 2024

Vietcap Securities Joint Stock Company (Vietcap) predicted a potential weakening in the upward momentum of the VN30 basket, which could result in downward adjustments for large capitalisation groups leading the VN-Index.

Life insurance firms misleading clients set for big fines

Life insurance companies could be fined up to VNĐ100 million for providing "incorrect advice intentionally" under a decree proposed by the Ministry of Finance.

Policy changes in foreign labour recruitment to take effect in January

According to the Ministry of Labour, Invalids and Social Affairs, the country counted more than 130,500 active foreign workers as of August 2023.

Employment numbers rise but labour market quality yet to improve

Vietnam's labour force (aged 15 and above) in 2023 counts for 52.4 million people.

Vietnam’s 2023 public debt at 37% of GDP

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.

VIETNAM NEWS HEADLINES JANUARY 2/2024

Around 402,000 tourists visit Hanoi on New Year holiday

Vietnam's fruit, vegetable exports see green shoots

Vietnam’s fruit and vegetable exports surged to a record high in 2023, yet insiders said it is just a start as ample room remains for the sector.

Vietnam's property market hopes for brighter outlook in 2024

A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.

No Vietnamese reported dead or injured in Japan earthquake

As of 9 pm on January 1, there had been no Vietnamese people reported dead or injured in the 7.6-magnitude earthquake that hit central Japan earlier the same day, according to Vietnam Embassy in Japan.

Bottlenecks block rice value chain

Experts have pointed out 10 problems that are hindering the development of the rice value chain, though Vietnam has great advantages for production.

VN wants to become ‘country of international sea tourism events’

With its wonderful natural landscapes and beautiful beaches, Vietnam can become ‘the country of international sea tourism events’.

Legal bottlenecks keep housing prices high

The HCM City Real Estate Association (HOREA) says that housing prices are increasing because of legal barriers. Also, high input costs have made it impossible to reduce real estate prices.

Vietnam seeks solutions to protect ‘living heritage’

Experts believe that protecting ‘living cultural heritage’, or heritage holders, is important to develop a sustainable cultural life.

Be fish – A rustic dish in Quang region

The rustic and fragrant dishes made from be fish have become favorites among local fishermen and tourists when visiting coastal villages in Quang region.

Farmers rush to prepare for Tet flower market

Approximately two months before the Lunar New Year, farmers nationwide are diligently caring for ornamental flowers to get ready for the approaching Tet market.

New legal framework for innovation startup

The development of the innovation startup ecosystem aims to foster a conducive environment for businesses to emerge and thrive, thereby creating exceptional value.

VIETNAM BUSINESS NEWS JANUARY 1/2024

Largest northern port city attracts US$3.4 billion in FDI in 2023

The majestic Luu Ly Waterfall in Dak Nong

Luu Ly Waterfall displays both pristine and powerful beauty amidst vast nature, and has become an intriguing stop for tourists on the journey exploring Dak Nong.

VIETNAM NEWS HEADLINES JANUARY 1/2024

Pathway to sustainable development for Cat Ba Archipelago

Decades-old Hanoi apartments attract customers

Many apartments in decade-old buildings in Hanoi are attracting customers due to housing supply shortages.

VN has great potential as emerging link in global supply chain

Amazon’s Vice President Eric Broussard said global retail e-commerce has opened up many opportunities and created a new movement for sellers from many countries, including Vietnam.

HCM City launches new products to lure tourists

A range of new tourism products have been launched in HCM City to lure more tourists for the year-end travel season, according to the city Department of Tourism.

What are the hurdles for Make in Vietnam digital platforms?

To create Make in Vietnam platforms, it is necessary to remove barriers on the path of digitization.

Pha Đin Pass coloured with brilliant flowers

The 32-km long Pha Đin Pass is the gateway to the northwestern mountainous province of Điện Biên. It is located on Highway 6.