Developing legal framework for joint property investment in VN will be difficult

Developing a legal framework for joint real estate investment in Vietnam will be difficult, despite the laws on land, housing and real estate that took effect at the beginning of August, experts have said.

Vietnam News Headlines October 17/2024

Breast cancer awareness campaign launched

Vietnam, Australia hold fourth economic partnership meeting

Vietnamese Minister of Planning and Investment Nguyen Chi Dung and Australian Minister for Trade and Tourism Don Farrell co-chaired the fourth Australia-Vietnam Economic Partnership Meeting in Adelaide city of Australia on October 17.

Bond maturity pressure peaks in Q4

Analysts predict peak bond maturity pressure in the fourth quarter of this year, with the real estate sector facing the most significant burden at over 43% by October 4.

Vietnam emerges as a global hub for car tyre manufacturing

Vietnam is becoming a global automotive tyre manufacturing hub, with the export turnover of technical rubber products expected to reach 4 billion USD in 2024.

Vietnam brings over 1,000 titles to 2024 Frankfurt Book Fair

The Vietnam Pavilion officially opened at the 2024 Frankfurt Book Fair, showcasing over 1,000 publications and highlighting the nation’s rich cultural and literary heritage.

VN responds to Cambodia's withdrawal from Cambodia-Laos-VN development triangle

In response to Cambodia’s decision to exit the Development Triangle, Vietnam emphasizes the importance of continued collaboration to promote regional growth and connectivity.

Extradition of Terrorist Y Quynh Bdap from Thailand to VN confirmed appropriate

The Vietnamese Ministry of Foreign Affairs has commented on the recent court proceedings in Thailand regarding the extradition of terrorist Y Quynh Bdap, who was involved in a 2023 terror attack in Dak Lak Province, Vietnam.

Vietnam urges restraint amid rising tensions on the Korean Peninsula

In response to recent developments on the Korean Peninsula, Vietnam is urging restraint and the pursuit of peaceful dialogue to maintain stability in the region.

Excise tax on sugary beverages sparks debate between industry and experts

The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products.

OceanBank and CB Bank officially transferred to MB and Vietcombank

The State Bank of Vietnam has officially transferred OceanBank and CB Bank to new ownership, guaranteeing the safety of depositors' funds at every stage of the transition.

Challenges loom for Vietnam’s ambitious offshore wind power plans

Experts are concerned that Vietnam's target of 6,000MW of offshore wind power by 2030 may be out of reach, citing legal gaps and the need for pilot mechanisms to attract investment.

Vietcombank rejoins Eximbank as 2nd largest shareholder after five-year absence

Vietcombank has returned as a major shareholder of Eximbank, holding a 4.51% stake, after divesting in 2018.

Remittances to HCM City continue to grow, expected to increase 10% in 2024

Remittances to Ho Chi Minh City in the first nine months of 2024 reached nearly $7.4 billion, showing a 10.5% increase compared to the same period last year, despite a slight quarterly decline.

Nearly 6,000 botnet-connected IPs detected in government systems this year

The Authority of Information Security detected nearly 468,000 IP addresses in Vietnam connected to botnets in September 2024, including 18 from government systems.

Supreme Court holds 11 judges for accountability review, delays reappointments

Chief Justice of the Supreme People's Court Le Minh Tri has proposed postponing the reappointment of 11 judges pending accountability review and disciplinary action.

Over 35,000 victims in Van Thinh Phat case, court hears nearly 6,000 claims

The court has received 5,965 compensation requests from victims of the Van Thinh Phat bond fraud case, with defendant Truong My Lan agreeing to use personal and corporate assets to repay victims.

Five luxury jets bring global billionaires to Da Nang for Gulfstream conference

Gulfstream’s latest private jets, including the G700, brought 50 global billionaire clients to Da Nang for a three-day conference and tour of the city’s attractions.

Ministries back proposal to tax multiple property owners

The Ministry of Construction and the Ministry of Finance have aligned on a proposal to tax multiple property owners in an effort to reduce speculative behavior and stabilize the real estate market.

Optimism grows as Vietnam's economy forecasts strong 2024 growth

With GDP growth in the first nine months of 2024 reaching 6.82%, Vietnam’s economy is on track for a strong recovery, buoyed by industrial production and a trade surplus.

New regulation confirms EVN’s monopoly on surplus rooftop solar energy purchases

Only Vietnam Electricity (EVN) will be authorized to purchase excess rooftop solar power, according to a newly proposed regulation from the Ministry of Industry and Trade.

AIS warns of attacks through new vulnerabilities in Microsoft products

In its latest warning, the Authority of Information Security (AIS) recommended that agencies, institutions and businesses in Vietnam check and identify information systems affected by nine vulnerabilities in Microsoft products.

Vietnam spends US$1.11 billion on importing corn from Argentina

Vietnam imports corn from five major markets, with Argentina emerging as the largest supplier, accounting for 57% of the country’s total corn imports over the past nine months, according to the General Department of Vietnam Customs.

Vietnamese athlete finishes seventh at Triple Deca Continous

Vu Phuong Thanh has become the first female Vietnamese athlete in history to complete the toughest triathlon competition in the world Triple Deca Continous.

VN to meet GDP growth target if post-Yagi support solutions quickly implemented

Vietnam is likely to secure the 7% economic growth target this year as set by the Government if solutions to support businesses and people bearing the brunt of the recent super typhoon Yagi are implemented very quickly.