Momo and ZaloPay dominate cashless payments in Vietnam

MoMo and ZaloPay e-wallets accounted for the highest share of the Vietnamese e-wallet market in the first quarter of this year, with 68% and 53%, respectively, according to a Connected Consumer report.

Gov't removes condo ownership time limit from draft law

The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister.

Foreign beauty appears graceful in Vietnamese designer’s Italian fashion show

Caterina Di Fuccia, Miss Universe Italy 2021, joined Vietnamese models to perform in a fashion show organised by renowned designer Hoang Hai in the Italian city of Venice on the occasion of the 50th anniversary of Vietnam-Italy diplomatic ties.

NA passes resolution on 2021 State budget settlement

The 15th National Assembly (NA) on June 19 adopted a resolution approving State budget settlement in 2021, during its ongoing fifth plenary session.

Vietnam, India promote defence cooperation

A high-level delegation of the Vietnamese Ministry of National Defence led by Minister Gen. Phan Van Giang is paying an official visit to India from June 17-20 at the invitation of his Indian counterpart Rajnath Singh.

World Bank: Vietnam’s CPI inflation trends down for fourth month

Vietnam’s consumer price index (CPI) inflation continued to trend down for the fourth month, declining from 2.8% in April to 2.4% in May, according to the Vietnam Macro Monitoring report released by the World Bank on June 19.

Retail businesses improve quality to gain competitive advantage

The presence of foreign-invested enterprises in Vietnam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

NLG-Energy Source's false health claims trick thousands out of their money

Appearing in Vietnam in 2015, NLG-Energy Source advertises that its teams can cure all dangerous diseases, including cancer, and help people return to youth, as well as solve problems in the environment and agriculture, and create world peace.

Workers seek new jobs after layoffs

The number of people losing jobs or having fewer working hours is believed to be higher than reported. They need financial support and jobs to overcome current difficulties.

Entertainment and cultural events of the week (June 19-25/2023)

Upcoming entertainment and cultural events in Vietnam's major cities on June 19-25.

VN attracts global semiconductor manufacturers

A number of global semiconductor manufacturers are increasing their presence in Viet Nam, making the Southeast Asian country a rising star in the world semiconductor market.

EU's regulation on deforestation-linked products head-scratcher for producers

The EU's ban on deforestation-linked imports are causing concern among Vietnamese producers as the requirements to trace commodities back to their origin can push up costs and entail finding alternative suppliers.

Hanoi establishes teams to catch stray dogs

Authorities of the capital city of Hanoi asked district administrations to set up teams of dog catchers to capture roaming dogs.

VIETNAM BUSINESS NEWS JUNE 19/2023

Vinacomin to supply 18.7 million tonnes of coal to thermal power plants in H2

Two new airports to take shape in central Vietnam

The Ministry of Transport is scheduled to build two new air terminals in central Vietnam from now till 2030, the ministry said in its transport development plan for the north-central and central coastal region till 2030 with a vision for 2045.

National Assembly to pass key bills and resolutions this week

Deputies to the National Assembly resumed their mid-year session in Hanoi on June 20 after a week-long break, focusing on legislation.

Vietnam National Administration of Tourism to be renamed as of July

The Vietnam National Authority of Tourism will replace the Vietnam National Administration of Tourism to govern all tourism services and activities in the country as of July 1, 2023.

Draft regulations on conditions to recognise foreign educational qualifications

The Ministry of Education and Training has just issued a draft regulation on the conditions and procedures for the recognition of foreign educational qualifications/diplomas for use in VN.

Labour market to keep struggling with difficulties in coming months

Ten groups of occupations are recording a sharp fall in recruitment demand, and the unemployment rate may increase, said recruiting service provider Navigos Group.

Gov’t issues guidelines for next year’s development plan

A government directive acknowledges that in the coming year, domestic and international circumstances necessitate a continued focus on overcoming limitations and weaknesses, while building upon and promoting the achieved results.

Driftwood sculpture pieces go on display in Germany

A 20-driftwood sculpture collection will go on installation at the Hoi An Garden in  Wernigerode, the twin town of Hoi An, in Germany, during the third ‘lantern festival’ in Wernigerode on August 24-27.

More work needed to improve administrative procedures on investment

Improvements in the group of investment administrative procedures are still slow and not yet in sync with policies to attract investment at the local level.

Vietnamese designer’s fashion show impresses audience in Venice

The Vietnamese Embassy in Italy has organised activities in Venice to celebrate the Vietnam-Italy Year 2023 and the 50th anniversary of the two countries' diplomatic ties, with highlights being a fashion show featuring outfits by Hoang Hai.

Hurdles remain on HCM City's way to yearly growth target

Ho Chi Minh City is facing challenges to realise its yearly growth target of 7.5%, as the rates recorded in the first and second quarters failed to meet expectations.

Average payments via banks reach US$40 billion a day: insider

Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging 40 billion USD per day, according to Pham Anh Tuan, Director of the State Bank of Vietnam (SBV)’s Payment Department.