FDI sector posts over US$14 billion in four-month trade surplus

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months.

Banks stay afloat in spite of bad debts

Even as the biggest real estate businesses struggle with debts and bankruptcy, banks continue to stay afloat and tackle the bad debt situation over a period of time. This ability of banks helps bank stocks not fall too low, despite overdue payments.

Australian newspaper suggests top tips for driving Ha Giang Loop in Vietnam

Australia newspaper Herald Sun recently published an article by Cathy Finch highlighting her thrilling travel experience when exploring the numerous winding roads throughout the northern mountainous province of Ha Giang by motorcycle.

Over 2.8 million mobile phone subscribers have information verified

As of mid-May, 2.8 million out of 3.84 million mobile phone subscribers had their information verified following the plan of the Ministry of Information and Communications.

MoMo offers installment payment for Apple Store Online purchases in Vietnam

Vietnamese digital payment firm MoMo on May 18 announced that it now provides customers of Apple Store Online in Vietnam with flexible payment options with the launch of monthly installments.

Hanoi and many places face power outages amid brutal heat wave

Residents in Vietnam’s capital city of Hanoi’s complained about power outages while the city is experiencing the most brutal stretch yet of an ongoing heat wave.

VND35 billion to be given to coaches, athletes from this year's SEA Games

According to the regulations on reward, more than VND35 billion will be awarded to coaches and athletes who win any medal at the 32nd Southeast Asian Games (SEA Games) for their efforts and commitment.

Vietnam opposes actions infringing upon sovereignty over Hoang Sa, Truong Sa

Vietnam resolutely opposes actions that infringe on the country’s sovereignty and related rights over the Hoang Sa (Paracel) and Truong Sa (Spratly), stated Foreign Ministry’s Deputy Spokesperson Pham Thu Hang on May 18.

Vietnam working hard to protect personal data

The Government’s Steering Committee for Human Rights has issued a plan on communications activities towards the 75th anniversary of World Human Rights Day (December 10), heard a press conference in Hanoi on May 18.

AFC investigates “acts of violence” in men’s football final at SEA Games 32

The Asian Football Confederation (AFC) on May 17 announced that it is investigating "acts of violence" in the men's final at the SEA Games 2023 between Thailand and Indonesia.

Vietnam, WTO agree to promote multilateral trading

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and WTO Director-General Ngozi Okonjo-Iweal agreed to promote the multilateral trading system and other agendas being launched by the organisation.

Explore the mangrove forest called the 'muse' of Hue City

Only about 15km from the center of the former royal capital city of Hue, Ru Cha forest is a rare primeval mangrove forest in the Tam Giang lagoon system.

HCM City wants to use more land to develop public parks

The HCMC authorities have assigned relevant agencies to review the use of land planned for public parks to develop the city’s green space from 2023 to 2025.

Apple’s new online store will have little effect on Vietnamese retailers

Most authorized resellers say that the opening of Apple’s online store in Vietnam won’t affect their business, but will make it easier for customers to choose products.

VIETNAM BUSINESS NEWS MAY 18/2023

Foreign invested sector - important growth driver of Vietnam: official

Finance Ministry again proposes special consumption tax on soft drinks

The Ministry of Finance (MoF) has again proposed that a special consumption tax be imposed on sugary drinks, excluding milk and nutritional drinks, in the latest draft amended Law on Special Consumption Tax.

HCMC asks John Cockerill to consider establishing its headquarters in the city

Chairman Phan Van Mai expressed high regard for the group's decision to invest in the Asia-Pacific market and establish its headquarters in Vietnam. He also expressed his desire for the group to consider establishing its headquarters in HCMC.

Da Nang calls for investment in 10 logistics centre projects

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.

Two people bathing in Hoan Kiem Lake identified

Hanoi police have identified two people who swam in the city’s iconic Hoan Kiem District.

Binh Duong: Woman mauled to death by Pitbull dog

An 82-year-old woman in the southern province of Binh Duong has been mauled to death by her family’s Pitbull dog.

Creative and funny guide book for expats to explore Hanoi

Newcomers to Hanoi can find information about the capital city through various channels and guidebooks, but for those seeking something a little different, The Hanoi Digest is just the book for you.

Vietnamese athletes break 14 SEA Games records

Local athletes not only won an array of gold medals at SEA Games 32, but they also broke 14 records at the region’s biggest sporting festival.

Vietnam to play a greater role in global commodity exchanges

The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy's supply and demand impacting the listed prices of commodities on global exchanges.

FDI sector posts over 14 billion USD in four-month trade surplus

Despite an overall export decline due to the shortage of orders, FDI businesses still posted more than 14 billion USD in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.