Project on erosion prevention Hoi An coastline approved

The project has a total investment of 42 million euros, equivalent to VNĐ980 billion, of which overseas development assistance (ODA) loans and grants make up VNĐ788 billion, while the rest comes from the provincial budget.

Call to release Thu Le Zoo elephants

A Vietnamese animal protection group has collected around 51,135 signatures in a petition calling for the release of two elephants being kept at Thu Le Zoo in Hanoi.

VIETNAM BUSINESS NEWS AUGUST 10/2023

China moves to increase imports of Vietnamese pepper in first half

Ministry proposes cutting internet access for online criminals

The Ministry of Information and Communications has proposed cutting internet access for criminals.

Vietnam gets two silvers at Chinese Chess Championships

Vietnamese players Nguyen Hoang Yen and Ngo Tri Thien won silver medals at the Asian Xiangqi (Chinese Chess) Championships which recently concluded in Bangkok, Thailand.

Three more enterprises join billion-dollar club in July

By the end of July, there were 43 stocks with market capitalisation of over US$1 billion, according to the latest data published by the Ho Chi Minh City Stock Exchange (HoSE).

New emergency passports to be available from August 15

Emergency passports granted via shortened procedures will be issued besides existing passport types in special circumstances such as when the original is lost.

Australian Cotton Vietnam Week begins

The Australian Cotton Trade Delegation to Vietnam is organising a series of activities in Ho Chi Minh City, Hue and Hanoi from August 7-11 to strengthen relations between Vietnam’s textile manufacturers and Australian cotton producers.

Billiards training centre for Vietnamese players inaugurated in China

The Yushan International Billiards Academy in Jiangxi province of China on August 8 inaugurated a training centre for Vietnamese billiard players.

Regional minimum wage may increase in 2024: official

Members of the National Wage Council agreed to propose increasing the regional minimum wage in 2024 at the council’s first meeting in 2023 on August 9.

VIETNAM NEWS HEADLINES AUGUST 10/2023

Quang Ninh students bag gold medal, special prize at RoK international science olympiad

First Hanoi Fall Festival to be held

The first Hanoi Fall Festival, themed Come to Fall in Love in 2023, will be held from September 29 to October 1.

Most of surveyed German firms plan expansion in Vietnam

About 91% of German companies are planning to expand their investment in Vietnam, according to a survey conducted by the Delegation of German Industry and Commerce (AHK) in Vietnam.

HCM City’s first electric bus route posts losses

HCM City’s first electric bus has struggled after being put into operation for more than one year.

The unusual salt in Vietnam, priced at VND1 million per kilogram

In Vietnam, there is a type of salt created from ants which has an original taste. As it is special and unique, it is very expensive.

Power Development Plan 8 sets out roadmap for VN’s renewable energy goals

The long-anticipated Power Development Plan 8 (PDP8) for 2021-2030, with a vision to 2050, which was released in May, sets out a roadmap for Viet Nam’s long-term renewable energy goals.

The most expensive Ngoc Linh ginseng worth billions of VND

Ngoc Linh ginseng, considered Vietnam’s national treasure, is a rare medicinal herb, known as the king of ginseng species. Bulbs of Ngoc Linh ginseng, old and rare, are worth up to billions of dong.

Rare earth upsides can help beckon foreign capital

Vietnam can utilise its abundant reserves of rare earth materials to lure in high-tech foreign investments.

Real estate stocks see bright days, stock liquidity stable

Real estate shares were the focus of the stock market last week with Vingroup share prices up by 21 percent and good news about the government’s efforts to remove obstacles from the real estate market. The stock liquidity was firm at over $1 billion.

Australian media suggests five stunning parks worth visiting in Vietnam

Australia’s tourism newswire Escape published an article aimed at introducing information about five stunning parks worth visiting in Vietnam, with these locations being places tourists can relax before tackling their next urban adventure.

Small, micro businesses in tourism try to stay afloat

Small businesses play an indispensable role in the broad tourism supply chain, yet many are struggling to stay afloat, particularly due to the prolonged economic challenges since the pandemic began.

HCM City to relocate more than 600 households to avoid natural disasters

By 2025, HCM City will complete relocation and settlement for 611 local households living in disaster-prone areas, according to a plan that has been approved by city authorities.

Foreign firms expand investment into Vietnamese furniture market

Lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture make Vietnam a promising hub of furniture manufacturing, according to Mordor Intelligence.

New development space opens for Vietnam’s ICT industry

Despite ongoing challenges, new development opportunities are emerging for Vietnam’s ICT industry, driven by 4G and 5G networks.

Vietnam weighs setting up land use rights trading floor

The prime minister has directed two ministries to jointly explore the feasibility of establishing a trading platform for land use rights.