Vietnam News Headlines October 18/2024

Sleeper bus burns down to frame, passengers manage to escape

Vietnam’s retail sector faces rising ransomware threats

With nearly 2.2 TB of data encrypted by ransomware, Vietnam’s retail sector has become one of the most targeted industries in the country in 2024, prompting urgent discussions on cybersecurity measures.

Vietnam’s motorbike market flourishes in Q3

Honda continues to maintain its dominant position in the market with sales of 554,805 motorbikes in the third quarter of this year, equivalent to an 80.8 per cent market share.

Top legislators of Vietnam and Laos hold talks in Vientiane

National Assembly Chairman Tran Thanh Man and his Lao counterpart Saysomphone Phomvihane held talks in Vientiane on October 17 immediately after a welcome ceremony for the top Vietnamese legislator.

Loc Troi appoints new CEO following legal disputes involving former CEO

Loc Troi Group has appointed Nguyen Tan Hoang as the new CEO following legal issues surrounding the company’s former CEO, Nguyen Duy Thuan. The company's shares have seen significant drops amid these developments.

Japan's total ODA loans to Vietnam reach highest level in six years

Japan signed loan agreements with Vietnam totalling JPY102.2 billion (approximately US$678 million), marking the highest amount since 2017, during the Japanese financial year from April last year to March this year.

Vietnam among top 20 countries for global travelers

Vietnam has been voted as one the 20 best countries favoured by global travelers in 2024 by the renowned US travel magazine Condé Nast Traveler.

Van Thinh Phat chair given life sentence in second phase of embezzlement case

After nearly a month of trial, the Ho Chi Minh City People’s Court on October 17 announced its verdict in the second phase of the case involving property developer Van Thinh Phat Group and Saigon Joint Stock Commercial Bank (SCB).

Deputy Governor denies claims of $595.18 billion remaining in banks

The State Bank of Vietnam has confirmed that banks have fully lent out the VND 14.5 quadrillion (over $595 billion) mobilized, with new credit packages in development for key sectors such as agriculture and social housing.

ASEAN’s economy set to become the world’s 4th largest by 2030

ASEAN’s GDP growth and rising FDI make it one of the fastest-growing regions globally, with the digital economy expected to drive the region to $2 trillion by 2030.

Why e-commerce platforms are opposing tax filing requirements for sellers?

The Vietnam E-commerce Association has expressed strong opposition to new tax regulations, arguing that platforms lack the expertise and infrastructure to take on such responsibilities.

Ho Chi Minh City introduces landmark pedestrian bridge across Saigon River

Ho Chi Minh City’s upcoming pedestrian bridge, shaped like a nipa palm leaf, will link District 1 and Thu Duc City, marking a new architectural icon for the city.

Special mechanisms proposed for the North-South high-speed railway project

Experts recommend special policies for the North-South high-speed railway project, emphasizing the role of domestic contractors and a focus on maintaining sufficient funding.

Begging tactics in HCM City evolve, making enforcement difficult for authorities

Ho Chi Minh City has witnessed a resurgence in homelessness and begging, particularly near religious sites and markets, with beggars employing complex tactics that challenge local enforcement.

Vietnam Military History Museum to open with over 150,000 unique artifacts

The Vietnam Military History Museum, scheduled to open on November 1, contains more than 150,000 artifacts, including rare national treasures, illustrating the country's long history of nation-building and defense.

New $1.19 billion credit package proposed for social housing loans

The Ministry of Construction has announced plans to propose a 30 trillion VND credit package, funded by government bonds, to provide affordable housing loans to low-income individuals.

'Dinosaur Spine' in Mu Cang Chai draws visitors with its unspoiled beauty

Hidden away in De Xu Phinh Commune, Mu Cang Chai’s 'dinosaur spine' is a new favorite among travelers looking to explore unspoiled landscapes and capture awe-inspiring photos.

Que Anh shines in Miss Grand International's top 10 swimsuit performance

Vietnam's Vo Le Que Anh has been named among the Top 10 swimsuit contestants at Miss Grand International 2024, following a fan vote that highlighted her captivating looks and strong catwalk presence.

Vietnam Business News October 17/2024

Fitch Ratings rates BSR at "BB+" with stable outlook

Vietnam – US bilateral trade officially exceeds US$100 billion

Two-way trade between Vietnam and the US surpassed the US$100 billion mark in the first nine months of the year, with the US remaining as the largest market for Vietnamese goods.

NA Chairman begins official visit to Laos, attendance at AIPA-45

National Assembly Chairman Tran Thanh Man and his delegation on October 17 arrived in Vientiane, starting an official visit to Laos and attendance at the 45th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-45) from October 17 to 19.

Largest gong performance sets new Vietnamese record

As many as 1,330 people putting on a gong performance in the Central Highland province of Gia Lai last year has been recognised as the largest of its kind in the nation by the Vietnam Records Organization (Vietkings).

Upholding great national unity bloc is key solution to bring nation into new era

The three-day congress, themed "Solidarity - Democracy - Innovation - Creativity – Development”, have brought together a total of 1,052 delegates representing various classes.

87 Vietnamese pool players banned from participating in WPA tournaments

As many as 245 billiard players, including 87 local cueists, have been banned from participating in tournaments of the World Pool Association (WPA), or those arranged by WPA members, for six months.

Sports development strategy approved

Deputy Prime Minister Le Thanh Long has signed a decision approving the sports development strategy until 2030 with a vision to 2050, with an aim to promote the sector in a sustainable and professional direction.