Luxury cars abandoned at ports, owners don't show up to collect

Since May, the Hai Phong Customs Agency has repeatedly issued notices on finding the owners of many luxury cars, worth tens of billions of dong, that have been left at the port for several years.

Global minimum corporate tax expected to prevent transfer pricing

The application of global minimum corporate tax from the beginning of 2024 is expected to be an effective tool to prevent transfer pricing and tax evasion, thus helping to increase State revenue through additional tax collection.

AI enters the world of Vietnamese language teaching

The manager of a foreign invested enterprise (FIE) in Vietnam wanted to learn Vietnamese language quickly so that he could read 90 percent of general documents. However, he was too busy and had only one hour, from noon to 1 pm, every day to learn.

Vietnam approaches AI early but deploys slowly

Vietnam began approaching the AI trend early and quickly, but is facing challenges in promoting the application and development of AI.

VN footwear industry must implement green development to gain growth targets

The footwear industry must implement solutions on sustainable development to fulfil the goals in a development strategy for Vietnam's garment-textile and footwear industries to 2030, with a vision to 2035, according to experts.

Public investment deemed key driver for economic growth and inflation control

Rebounds in retail and consumption services and in the disbursement of public investment are expected to put pressure on the country’s efforts to bring inflation under control this year.

Experts seek solutions to curb lump-sum social insurance withdrawals

Most of the people who made withdrawal request (up to 72 per cent) are labourers from the southern region. Low income and unstable lives are the reason of their withdrawal choice.

Many foreigners continue to buying property in Vietnam

Surging interest from foreigners prompts questions about the growing allure of Vietnam's real estate market.

Tough times for VN building materials sector

Building materials firms have witnessed gloomy business in the year to date, with a billion dollar shortfall in their revenue.

More engineers for IoT are needed, but pay is modest

The low salary of VND10-13 million per month for many IoT (internet of things) engineers is hindering the development of Vietnam’s IoT market.

Banks redeem bonds before maturity

Many local banks have bought back their bonds before maturity while others have launched new bond issues this month.

Goods prices rise, but CPI remains relatively stable

The General Statistics Office (GSO) says that, for statisticians, there is "no beautiful number or ugly number, but only numbers that truly reflect the socio-economic situation".

NA deputy call for caution in loosening requirements for foreign home ownership

National Assembly Deputies have proposed a draft regulation that would allow foreigners who invest in Vietnam and have Vietnamese nationality to own land and housing in the country.

National Assembly approves airfare caps

The National Assembly has approved maintaining airfare price ceilings in the revised Pricing Law, which was passed yesterday, June 19.

Former Deputy Prime Minister Vu Khoan passes away

Former Secretary of the Party Central Committee and former Deputy PM Vu Khoan passed away after a period of illness at 7:05 am on June 21 at the 108 Military Central Hospital in Hanoi.

VIETNAM BUSINESS NEWS JUNE 21/2023

Green, circular agricultural production boosts exports

Ha Long to open pedestrian street

Ha Long City in the northern province of Quang Ninh will open Bai Tho pedestrianised street from June 23.

Two rail links between Hai Duong and China proposed

Vietnam Railway Corporation has proposed two railway routes connecting Cao Xa Station in the northern province of Hai Duong to China.

Hoang Phuc wins gold at Special Olympics World Games

Vietnamese athlete Nguyen Chau Hoang Phuc on June 20 grabbed a gold medal in boccia, a precision ball sport related to bowls and pétanque, at the ongoing Special Olympics World Games which is underway in Berlin, Germany.

Vietnam and India ink deal on supplying oil and gas exploitation services

The National Oil and Gas Group of India (ONGC) and Vietnamese firm Hai Duong Maritime Joint Stock Company (HADUCO) on June 20 signed a contract on oil and gas exploration and production in India.

France music festival opens with Vietnamese musical documentary

“Once upon a bridge in Vietnam”, a documentary detailing the classical music genre in Vietnam, kick-started Festival of Music (La Fête de la Musique) 2023 in Forum des Images cinema in Paris, France, on June 19.

Book on Party leader Nguyen Phu Trong released

The Nhan Dan newspaper and the Su That (Truth) National Political Publishing House on June 20 held a ceremony to launch a book about the people's trust and support for Party General Secretary Nguyen Phu Trong.

Vietnam dropped from US currency monitoring list

The United States has moved to drop Vietnam from its the monitoring list for currency manipulation as the Southeast Asian nation exceeded the threshold for the criterion of surplus of trade in goods and services with the US.

VIETNAM NEWS HEADLINES JUNE 21/2023

Vietnamese, Lao localities enhance cooperation in forest, wildlife protection

Rare Burmese peacock-pheasant discovered in Binh Phuoc

The Forest Protection Department of Dong Phu District in Binh Phuoc Province has received a Burmese peacock-pheasant, which is classified as a critically endangered and rare species of wildlife in need of conservation.