VIETNAM BUSINESS NEWS AUGUST 25/2023

EVFTA positively affecting Vietnam's trade with EU, Germany: Expert

Summer Camp for Vietnamese youth and students in Europe debuts

The ninth opening ceremony of the Vietnam Youth Student Summer Camp in Europe took place on August 24 at the Vietnam Cultural Center in France.

Hanoi officially launches public bike rental service

The public bike rental service was officially launched in Hanoi on August 24 in six inner districts.

National Assembly discusses draft amended Law on Telecommunications

The National Assembly (NA) Standing Committee on Thursday morning gave opinions on the draft amended Law on Telecommunications.

Thailand's lender in talks to buy Home Credit VN for $1 billion

KBank has discussed the potential acquisition with financial advisors, however discussions are still ongoing and no decisions have been taken.

Australia grants AUD2 million to tech-based innovation in agriculture

The Australian Government’s funding scheme – Innovation Partnership Grants under the Aus4Innovation program, will set aside AUD2 million to fund tech-based innovation in Vietnam’s agriculture sector.

Vietnam effectively implements Convention Against Torture

Vietnam has tried its best to effectively implement the Convention Against Torture (CAT), achieving remarkable results, which is highly appreciated by other countries and international organizations.

Vietnam to send six Xiangqi athletes to 19th ASIAD

The Vietnamese Xiangqi (Chinese chess) team has finalised a list of six athletes to participate in the upcoming 19th Asian Games (ASIAD) in Hangzhou, China, according to the Sports Authority of Vietnam’s Xiangqi unit.

Contractor winning Long Thanh airport’s $1.45bil bidding package announced

The Airports Corporation of Vietnam (ACV) on August 24 announced that the Vietur consortium had won the bidding package worth 35 trillion VND (1.45 billion USD) to build a terminal of the Long Thanh airport project in Dong Nai.

VIETNAM NEWS HEADLINES AUGUST 25/2023

Hanoi's transport firms asked not to raise fares on upcoming National Day holiday

Vietnam spares no efforts to implement Convention against Torture: officer

Vietnam has taken actions to effectively implement the Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (CAT), with achievements recognised and hailed by the international community.

Tens of thousands of int'l tourists arrive on cruises

Tens of thousands of international tourists have arrived in Vietnam by cruises this year.

First sea turtle seen in waters off Co To in over 10 years

A sea turtle has been spotted in the waters off Co To Con Island in the northeastern province of Quang Ninh, marking the first appearance of the reptile here after more than a decade.

A barefoot scientist dedicated life to developing VN's agriculture

To reduce labour and enhance agricultural productivity, one farmer has devoted nearly two decades to tireless research and developing more than 50 types of automated agricultural machinery.

Foreigners allowed to own houses without land-use right

The Ministry of Construction (MOC) has proposed that the government conclude that housing ownership by foreign individuals should not include not land-use rights. In addition, foreigners should be allowed to extend the house ownership period once.

Bank losses can threaten entire system: SBV Deputy Governor

While a company going bankrupt can impact hundreds of employees, the losses incurred by a bank can potentially lead to a collapse in the entire banking system, said the central bank’s Deputy Governor Dao Minh Tu.

‘Clean ads’ list expanded to Facebook, TikTok, YouTube accounts

Digital content producers and creators on Facebook, TikTok and YouTube can register to join the list of clean advertisements – the White List – with the confirmation and recognition of the Ministry of Information and Communications (MIC).

VN enterprises expect orders in remaining months of 2023

Although difficulties remained, enterprises expect to see slight improvements in orders in the coming months, pinning hopes on easing inflationary pressure for a better year in 2024.

Vietnamese firm loses $10 million after channel blocked by YouTube

With 3,000 videos deleted from YouTube from early 2022 to the end of July 2023 as a result of a copyright dispute, Sconnect, the owner of Wolfoo, the male-wolf animated cartoon character, estimates that the loss has totaled up to $10 million.

HCM City’s Can Gio reserve nominated as Ramsar site

The HCM City People’s Committee has nominated Can Gio Biosphere Reserve on its outskirts as a Ramsar site, a wetland of international importance under the Ramsar Convention.

VN intensifies tourism promotion to attract foreign visitors

As the peak season for international tourism is approaching, after a long time being affected by the COVID-19 pandemic, Việt Nam has determined it is a time for tourism sector to rebound and thrive.

Vietnamese-Japanese symphony concert to be held in October

About 30 Vietnamese musicians will join their Japanese colleagues in the Vietnam-Japan Festival Symphony Orchestra - Dream Orchestra for a tour of Japan from October 2 to 10.

Transport Ministry to assess river sand exploitation in Mekong Delta

The Ministry of Transport is calculating the demand for sand embankment materials to ensure progress for much-needed highway projects in the Mekong Delta region in the 2021-25 period.

VietNamNet 2023 Things Everlasting Concert uses symphony to honor national music

VietNamNet Editor-in-Chief Nguyen Van Ba affirms that the 2023 Things Everlasting Concert will retain the ‘soul’ of the treasure of Vietnamese music, but at the same time contain innovations that will bring the concert closer to the public.

Bkav's warning: New malware steals Facebook business accounts

Cybersecurity firm BKAV warned of the new malware that has been stealing Facebook business accounts.