Central bank raises alarm as real estate non-performing loans surge

The rise in non-performing loans within the real estate sector has become a cause for alarm as the bad debt ratio escalated from 1.53% in the previous year to 2.47% during the first half of 2023.

Four family members found dead at Khanh Hoa home

Police in Khanh Hoa Province are investigating the deaths of a woman and her three daughters at their home in Cam Lam District.

Many flights diverted due to bad weather at Noi Bai airport

As many as 21 flights both from and to Hanoi's Noi Bai International Airport between 9 p.m. and 10 p.m. on August 23 had to either be diverted, delayed, or canceled due to unfavourable weather conditions.

Swimming teacher detained for student’s drowning death

A teacher has been detained by police after a child died in a swimming pool at Vietnam International School in Hanoi.

UKVFTA expected to unlock investment flow into pharmaceutical sector of VN

The UK – VN Free Trade Agreement (UKVFTA) were providing significant opportunities for Vietnam to attract foreign direct investment (FDI) into the pharmaceutical industry.

Vietnamese designer to unveil new collection at London Fashion Week

Designer Ho Tran Da Thao, under her brand Tsafari, is set to introduce her latest “Heritage – Inter-dimension Collection” at London Fashion Week on September 16, 2023, in the U.K.

Hanoi aims for 75 per cent urbanisation rate by 2030

Hanoi aims to strive for an urbanisation rate of approximately 60-62 per cent by 2025 and is projected to reach around 65-75 per cent by 2030.

VIETNAM BUSINESS NEWS AUGUST 24/2023

Vietnam remains attractive for investors: Savills

VN new passport design with ’place of birth’ receives positive global response

After the "place of birth" information was incorporated into passports, the procedures for visa applications, entry and exit, residence, and associated processes in other nations have proceeded seamlessly and without complications.

Ministry proposes foreigners to be able to own houses in Vietnam

Foreigners are entitled to own houses for a limited time but cannot own land; when the ownership period expires, they can extend once and be allowed to buy and sell houses like domestic citizens.

HOSE to roll out KRX system

The Hochiminh Stock Exchange, or HOSE, is gearing up to launch its new trading system, KRX.

Singapore PM to visit Vietnam next week

Singapore’s Prime Minister Lee Hsien Loong will pay an official visit to Vietnam from August 27 to 29 at the invitation of his Vietnamese counterpart Pham Minh Chinh, said the Vietnamese Ministry of Foreign Affairs.

UK expects Vietnam to ratify its CPTPP accession

The UK expects Vietnam to swiftly ratify the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement.

VN athlete wins gold at World Para Powerlifting Championships

Le Van Cong on August 23 secured a gold medal for Vietnam in the men’s 49kg category at the ongoing World Para Powerlifting Championships in Dubai, after defeating defending champion Omar Quaranda from Jordan.

National team to play three friendlies ahead of World Cup qualifiers

The national men’s football team are set to play friendly matches against China, Uzbekistan, and the Republic of Korea in October in preparation for their 2026 FIFA World Cup qualifying and 2023 AFC Asian Cup campaigns.

VIETNAM NEWS HEADLINES AUGUST 24/2023

Singaporean PM and his spouse to pay official visit to Vietnam

Which border gates permit foreign citizens to enter Vietnam by e-visa?

The Civil Aviation Authority of Vietnam (CAAV) has freshly announced a list of 13 international airports permitting foreigners to enter and exit with electronic visas.

Violinist Duy to perform with international soloists at opera house

Vietnam's leading violinist Bui Cong Duy and international soloists will dazzle HCM City’s audiences with two concerts at the Opera House on August 25 and 26.

Australia announced $94.5m package for climate change adaptation in VN

Visiting Australian Minister for Foreign Affairs Penny Wong on Tuesday announced her country’s new US$94.5 million support package for climate change adaption in Việt Nam's Mekong Delta from 2023 to 2034.

Upstream oil businesses profit from higher rents and limited supplies

Given the tightening of crude supplies in the global market, the oil and gas drilling segment is in high demand, boosting the business prospects of upstream service providers.

MIC warns ministries, provinces they may not reach digital-data targets

After analyzing the deployment situation in the first months of the year, the Ministry of Information and Communications (MIC) said that ministries and provinces may not be able to complete tasks for the year of national digital data.

Vietnam receives over 677 mln USD in aid from NGOs during 2020-2022

Vietnam received over $677 million in aid from foreign NGOs during the 2020 – 2022 period, heard a conference co-hosted by the Party Central Committee’s Commission for External Relations and the Vietnam Union of Friendship Organisations on August 23.

Trading floor for land use rights needed in Vietnam

The establishment of a land use rights trading floor will help this market operate in an open, transparent, healthy and sustainable manner, said experts.

E-cigarettes not allowed in Vietnam, but ads are seen everywhere

New-generation cigarette products have a variety of designs and flavors, leading to rapid popularity among youth, especially students.

Laos, Thailand mull over building expressway linking to Vietnam

Authorities of Laos and Thailand have discussed a feasibility plan to construct a 160-kmexpressway from the central Lao province of Savannakhet to Lao Bao border gate of Vietnam, Lao media reported.