Orders from China boom, veggie and fruit exports to set new records

A boom in orders from China has occurred, and new export markets have opened. Veggie and fruit export turnover of $4.5-5 billion this year is within reach.

Amended Law on Bidding approved

The 15th National Assembly (NA) approved the revised Law on Bidding on June 23 during its ongoing fifth plenary session.

Car manufacturers get tax extension

The Government just issued Decree No. 36 extending the time limit for paying excise tax on domestically manufactured or assembled cars.

Hanoi makes huge leap in global livability ranking

The Vietnamese capital has moved up 19 notches to 129th position out of 173 cities in the Economic Intelligence Unit (EIU)'s livability ranking this year, making it one of the top five biggest risers.

Nearly 10 hours needed for each business inspection in 2022 – report

Each company inspection last year required an average of 9.8 hours and a cost of VND1.8 million, according to the Administrative Procedure Cost Index 2022 (APCI 2022) report.

Man arrested for robbing Taiwanese business

Police in the southern province of Binh Duong's Bau Bang District have arrested a man for robbing a Taiwanese business in the area.

Vietnam seizes 19kg ketamine shipment from France

The Hanoi Customs Department on June 22 confiscated two packages transported by air from France to Vietnam, containing 19kg of ketamine.

Vietnam’s G-bond yield curves shift downward sharply: ADB

The government bond yields in Vietnam have dropped across all tenors from March to June, resulting in the largest downward shift in the country’s bond yield curve among Asian nations, with an average decline of 136 basis points.

Visa-free tour from Da Lat to RoK launched

Several travel businesses in Da Lat, a resort town in the Central Highland of Lam Dong, are offering visa-free tours departing from Lien Khuong airport and heading to the Republic of Korea (RoK), with the first flights set to start in early July.

Toan to fight at WBC Asia event in China

Vietnamese champion Le Huu Toan will compete in the WBC Asia Championship on June 23 in Lanzhou, China.

Banks change leadership, bring new blood into key positions

Many banks have announced the replacement of key leaders on their boards of directors as part of reshuffling plans.

Nuclear-powered aircraft supercarrier USS’ Ronald Reagan to visit VN

Vietnam's Ministry of Foreign Affairs on Thursday confirmed the nuclear-powered aircraft supercarrier USS Ronald Reagan will arrive at the central city of Da Nang starting later this week.

Six streets in Hanoi to be named after Truong Sa’s islands

Six streets in Gia Lam district of Hanoi capital city will be named after islands of Truong Sa (Spratly) in south-central Khanh Hoa province.

VN Deputy PM attends opening of Summit for a New Global Financing Pact

Vietnamese Deputy Prime Minister Tran Hong Ha joined State and government leaders of 40 countries at the opening session of the international Summit for a New Global Financing Pact held in Paris on June 22.

RoK President talks to Hanoi students

President of the Republic of Korea Yoon Suk Yeol and his wife Kim Keon Hee on June 22 visited and talked to students at the Faculty of Korean Language and Culture of the University of Languages and International Studies of the VN National University.

Dak Lak attacks - organised terrorist acts: official

On June 11, two groups of persons armed with guns and self-made weapons attacked the headquarters of two communal administrations and civilians in Dak Lak province, killing nine, injuring two, and taking three hostages.

VIETNAM BUSINESS NEWS JUNE 23/2023

Challenges persist for Vietnam's growth: WB report

FPT Retail jumps into mobile service market

The Ministry of Information and Communications (MIC) has granted a license to FPT Retail to provide telecommunications services on terrestrial mobile telecommunications networks.

VN recognises US’s more positive assessment of anti-human trafficking efforts

Vietnam recognises the more positive assessment made in the 2023 Trafficking in Persons Report by the US Department of State, Spokeswoman of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang told a regular press briefing on June 22.

Taiwanese company to pour 250 million USD to expand project in Binh Duong

Polytex Far Eastern (VN) Co. Ltd, a Taiwan-invested company in Binh Duong, will increase its investment by $250 million in Q3/2023 to expand its production line of super-strong fiber products used to make seat belts, airbags, and tire inner liners.

Vietnam promotes tourism via Viber platform

The Vietnam National Administration of Tourism (VNAT) on June 22 introduced its account on Viber platform as a new channel for holidaymakers to access official information and recommendations about the country's tourism.

NA sets up specialised supervisory delegations for 2024

With support from the majority of legislators, the National Assembly (NA) approved resolutions on the establishment of its specialised supervisory delegations for 2024 on June 22, during the 15th NA’s ongoing fifth session in Hanoi.

VIETNAM NEWS HEADLINES JUNE 23/2023

President of Russian State Duma to visit Vietnam

Key trading partners feeling the brunt of poor indicators

Vietnam is expected to continue witnessing a plunge in exports this year due to a drop in demand in key export markets.

Interest rate cuts expected to revitalize businesses

Experts say the State Bank of Vietnam (SBV) is expected to cut interest rates further to rates seen during the pandemic. However, the effectiveness of the cut is unclear.