Vietnam’s decreased LPI may cause difficulties for exports

As Vietnam’s logistics performance index (LPI) in 2023 decreased, economists fretted that it would cause difficulties for the export activities of enterprises in the context of a strong green trend globally.

Saigon's man owns priceless Chinese memorabilia collection

Record-holder Duong Rach Sanh considers his collection of 2,500 memorabilia as a priceless treasure representing unique and touching stories about the culture of the Chinese in Saigon - Cho Lon (Chinatown) in the past.

Vietnam treasures friendship and cooperation with Switzerland: PM

Prime Minister Pham Minh Chinh suggested President of the National Council of Switzerland Martin Candinas support and encourage Swiss businesses to invest in Vietnam when the two leaders met in Hanoi on June 30.

VIETNAM BUSINESS NEWS JULY 1/2023

Efforts to simplify business regulations must be enhanced: Gov't

How did a female tycoon run a 3-ton gold smuggling ring?

Nguyen Thi Hoa set up a closed gold smuggling ring, where members were all relatives of the family. The ring operated mostly in Lao Bao, an area bordering Laos.

Bac Kan develops pig farming as a key economic sector

Bac Kan province has identified that livestock farming is a local strength. Along with buffalo and cow farming, the province has determined to prioritize the development of pig farming as one of its key sectors.

VIETNAM NEWS HEADLINES JULY 1/2023

Over 90 percent of Vietnam's population covered with health insurance

Vietnamese favor smartwatches priced at VND5-10 million each

Vietnamese youth are tending to use smartwatches instead of traditional watches. Specialized wearables for sports are also being preferred.

Shopkeepers back paving for rent idea, but doubts about feasibility remain

Drastic measures have reclaimed the sidewalks for pedestrians, and Hanoi is considering a new project to lease sidewalks to shopkeepers.

Efforts underway to wean workers away from loan sharks

Despite being aware of the usurious interest rates charged by loan sharks and the consequences of failing to repay, many workers still turn to them when they are in urgent need of money.

Mass job cuts continue due to order shortfall in Q2

Due to a significant decline in new orders since the fourth quarter of last year, hundreds of thousands of employees across the country have faced job losses and reduced working hours, according to the General Statistics Office (GSO).

Heroic police unit leads fight against drugs

Founded to combat drug crime in the nation, the Drug Crime Investigation Police Division under the Hanoi Police has its work cut out for it.

HCMC likely to fall short of 2023 GRDP growth target

HCMC’s gross regional domestic product (GRDP) is projected to approach 7% this year if the second half proceeds smoothly, according to HCMC Chairman Phan Van Mai.

Kien Giang Province’s marine caged aquaculture offers high profits

Marine caged aquaculture in Kien Giang Province has offered high production efficiency and profits for farmers.

Vietnamese fruits conquering US market

The first batch of fresh lychee has arrived in the US, opening up big opportunities for the specialty and other Vietnamese fruits to conquer the demanding market.

Thaco Auto valued at $5 billion, president to sell 10% of shares

Thaco Group owned by billionaire Tran Ba Duong is planning to sell 10 percent of shares in Thaco Auto, one of its subsidiaries, in 2023. The automobile manufacturer is expected to be valued at $5 billion.

SCB, Van Thinh Phat case impacts HCMC development: leaders

HCM City’s Mayor Phan Van Mai said at a meeting with voters in district 4 on June 28 that the socio-economic development of the city had been seriously affected by the bond market manipulation case related to SCB and Van Thinh Phat.

Pepper exports fall as speculators shift money into coffee

Vietnam’s pepper output is high this crop, at 200,000 tons, but exports in the first five months of the year fell sharply as speculators reserved money to buy Robusta coffee.

Nha Trang bans pets from beaches

Authorities in Nha Trang City have issued a ban on pets at the city’s beaches, including walking them at seaside parks or allowing them to swim in the sea.

Eximbank has new chair

Vietnam Export Import Commercial Joint Stock Bank (Eximbank), whose EIB shares are traded on the Hochiminh Stock Exchange (HOSE), has elected Do Ha Phuong as board chairwoman, replacing Luong Thi Cam Tu.

18 Vietnamese referees, assistant referees assessed as satisfactory by FIFA

Eighteen referees and assistant referees who participated in Vietnam's inaugural VAR training course successfully passed the FIFA test stages and received official confirmation from FIFA.

Vietnam to negotiate coconut export to US

The Ministry of Agriculture and Rural Development has just said that Vietnam will perform negotiations on the export of Vietnamese coconuts to the United States in the last months of the year.

HCMC’s leader meets lawyers accompanied fight for Vietnamese AO victims

Secretary of the HCMC Party Committee Nguyen Van Nen who is on a business trip to France had a meeting with lawyers who accompanied Vietnamese-French woman, Tran To Nga in her fight for justice for herself and other Agent Orange (AO) victims.

Hanoi plans setting up distinct urban area in Hoan Kiem District

The latest initiative to design a distinct urban area along Ly Thuong Kiet Street aims to create seamless connections between the surrounding architectural and landscape spaces while preserving and promoting historical, cultural, and social values.

WB provides US$264 million credit to VN inclusive and sustainable recovery

Reforms supported by this credit will strengthen Vietnam's ongoing recovery from the Covid-19 pandemic and subsequent commodity price shocks.