VIETNAM BUSINESS NEWS OCTOBER 24/2023

Vietnam's 2023 FDI seen surpassing last year's figures: KBSV

EVN leaders face discipline over recent power outages

The Commission for the Management of State Capital at Enterprises (CMSE) has recommended reprimanding the leadership of Vietnam Electricity Group (EVN) for the power outages that hit northern Vietnam early in the summer this year.

The world needs love and compassion: Embracing the World founder

VietNamNet talks with Mata Amritanandamayi or Amma (Mother), who is best known for embracing the masses.

Bad debt ratio of banking system surges to 3.56 per cent

The bad debt ratio of the banking system skyrocketed from 2 per cent at the beginning of this year to 3.56 per cent, or more than VNĐ440 trillion, at the end of July 2023, according to the latest data from the State Bank of Vietnam (SBV).

Fine paintings from collection to go under hammer in Paris

Rare and extraordinary works by painters who belonged to the first generation of Vietnamese artists, will go under hammer at an auction by Sotheby’s Paris on November 7.

Real estate sector sees surge in corporate bond sales to restructure debt

The real estate sector has witnessed a surge in corporate bond issuances worth a total of 30 trillion VND (1.22 billion USD) in the third quarter of 2023, a move aimed at debt restructuring rather than capital raising.

VIETNAM NEWS HEADLINES OCTOBER 24/2023

Almost all of petitions sent to legislature cleared up: report

Festival for ethnic groups with less than 10,000 people slated for Nov.

The first festival of ethnic minority groups with population of less than 10,000 will be held in Lai Chau city in the northern mountainous province of Lai Chau from November 3-5.

Telecom carriers expected to take responsibility for junk simcards

Surveys conducted by VietNamNet at sales agents in Hanoi have found that most junk simcards sold are issued by four mobile network operators – Viettel, VinaPhone, MobiFone and Vietnamobile.

Demand for workers in semiconductor industry brings opportunities to Vietnam

Vietnam is expected to attract foreign experts and technologies, especially overseas Vietnamese scientists working in the semiconductor industry.

The timeless beauty of Vinh Quy Green Grass Hill

Visiting Vinh Quy Grass Hill between May and October each year offers tourists a chance to immerse themselves in a picturesque natural landscape.

Signs of improved world economy encourage Vietnam’s businesses

Domestic industrial production is still facing challenges, but Vietnam’s businesses are optimistic as they see signs of improvement in the global economy.

Land for tourism development should be of higher priority

If localities had identified tourism as a key local economic engine, then tourism projects should be granted their appropriate standing among the socio-economic development priorities.

Challenges in promoting employment among urban elderly in Vietnam

In the context of improved healthcare and increased life expectancy, the issue of suitable employment for the elderly needs to be addressed proactively through labour and employment policies.

Population of untrained workers remains high

According to the Social Committee of the National Assembly, the population of untrained workers remains high with about 38 million workers not receiving professional and technical training.

Co Tu thanksgiving ceremony for wife’s parents

The Co Tu ethnic group has many special rituals and customs, including a thanksgiving ceremony for the parents of one’s wife that honors family morality and demonstrates the son-in-law’s filial piety towards his wife’s family.

Binh Duong to build 15 more industrial parks

These parks will be constructed on a total area of ​​more than 10,000 hectares to meet the requirements of attracting investment projects.

Parklife: Cuc Phuong one of Asia’s top national parks

Cuc Phuong National Park in northern Vietnam has been honored as Asia’s Leading National Park for the fifth consecutive year.

First direct Manila-Danang air route to be launched in December

The first direct air route linking Manila in the Philippines and Danang has been scheduled to be launched in December this year.

Most local monkeypox cases have infectious syndrome caused by HIV

The nation has so far documented a total of 22 monkeypox infections, with two of them having their source of transmission outside of the country.

Whitmore’s disease kills woman in Quang Nam

Quang Nam province's Department of Health announced on October 23 the death of a woman after contracting an infectious disease called melioidosis, also known as Whitmore's disease.

Border guards in central Vietnam search for missing Korean

The Cua Dai border guard force stated on October 23 that they are in the process of searching for a missing Korean man who had been enjoying a beach swim in Cam An ward of Hoi An city in the central province of Quang Nam.

Vietnam secures second medal at Asian Para Games 2023

Powerlifter Nguyen Binh An on October 23 secured a bronze at the ongoing 4th Asian Para Games in Hangzhou, China, marking the second medal for the Vietnamese sport delegation.

Vietnam may reach at least 10 of 15 targets for this year: PM

On the basis of the nine-month results, Vietnam may achieve at least 10 of the 15 targets set for this year, including all the social targets, Prime Minister Pham Minh Chinh said on October 23.

Over VND5 trillion proposed for disaster-hit regions

The National Steering Committee for Natural Disaster Prevention and Control has proposed the Prime Minister earmark US$208.3 million to support 30 provinces affected by disasters and help relocate households in disaster-prone areas.