VIETNAM BUSINESS NEWS MARCH 28/2023

PM orders close coordination to remove obstables to property market

VIETNAM NEWS HEADLINES MARCH 28/2023

Top Vietnamese, Chinese legislators hold online talks

CAAV to trial biometric authentication at Van Don airport

Following a test operation at the Cat Bi International Airport in Haiphong City, the Civil Aviation Authority of Vietnam (CAAV) will introduce biometric authentication technology at the Van Don International Airport in Quang Ninh Province.

Vietnam considers unilateral visa waivers for more countries

The government is going to ask the National Assembly to consider granting electronic visas to citizens of all countries and territories.

Places not to be missed when traveling to Can Tho

Although Can Tho province has seen fast economic growth, it still retains the typical cultural features of the Mekong River region. Here are its most attractive places:

Mui Ne among world’s top 5 destinations for hot air balloon ride

Mui Ne, a coastal fishing town in the southcentral province of Bình Thuan, has been named among the top five best destinations for a magical hot air balloon ride, according to booking.com.

Medical-equipment license applications still being processed

About 7,000 dossiers applying for licenses for circulation of medical equipment are still unhandled. These include dossiers submitted a long time ago.

VN warns against downgrading COVID-19 status due to risk of new variants

The Ministry of Health has stated that while the COVID-19 situation is currently under control within the country, the risk of new, more dangerous variants emerging is too high to downgrade the status of the virus yet.

Appeals trial of chairman of Alibaba real estate scam delayed until May

The HCM City People’s Court has decided to delay the appeals trial of Alibaba Company owners and employees who were earlier found guilty of property fraud and money laundering.

Thanglong Warriors, Rohto Saigon Heat win VBA 3x3 tournaments

Thanglong Warriors proved their power with the second title of the VBA 3x3 Prime 2023 on March 26 in Nha Trang, Khanh Hoa Province.

Experts call for institutional and policy reforms to unlock VN digital future

For Vietnam to fully tap into the digital future, experts say institutions and policies must be reformed to reflect Government commitments.

Cabinet members agree on extending e-visa validity to three months

Among the items on the agenda were extending tourist visas to three months and easing conditions for Vietnamese citizens to apply for foreign entry visas.

Finance Ministry proposes changes to preferential tax policies

A number of changes has been proposed to Vietnam's preferential tax policies by the Ministry of Finance (MoF).

2023 set to be favourable for Vietnamese rice enterprises

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses.

Korean man dies after crashing into power pole in Da Lat

Police in the resort city of Da Lat in the Central Highlands province of Lam Dong on March 27 announced that a Korean tourist died on March 25 after his motorbike crashed into a roadside power pole.

VN textile-garment industry struggles with importers' requirements

Textile and garment import countries have asked Vietnamese companies to satisfy requirements on social responsibility, environmental friendliness and natural resource use. The industry worth $44 billion is facing serious concerns.

Top business stories of the week (March 20-25)

Vietnam’s rice export price is the highest in the world, and its farm produce has sought a way to enter the British market. Animal feed manufacturers have called for support.

“Dao, Pho & Piano”: a beautiful story about the spirit of Hanoians

Depicting the most intense and heroic moments of the 60-day Battle of Hanoi, as the army and citizens fought to defend their capital, the film chronicles street fighting in the Old Quarter against the French invading forces in the winter of 1946.

Vietnam’s advertising businesses needs a "Black List" to block toxic content

To avoid harmful advertising, companies should create a list of "toxic" content on the network (called a "blacklist").

UK-funded CFA to support nine low-carbon projects in Vietnam

The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021.

Hanoi to build two new cities, creating springboard for Hoa Lac, Noi Bai areas

Architect Ngo Doan Duc believes that Hanoi needs to create policies to attract talent and investors to build two new cities in Hoa Lac and Noi Bai.

Over 85% of Vietnam’s major businesses commit to ESG standards: Report

Vietnamese companies prioritize environmentally friendly and sustainable practices as part of their efforts to ensure long-term growth.

Landed house ownership proposal for foreigners needs review

The National Assembly Standing Committee has asked the Government to review a provision in the draft of the revised Housing Law that allows foreigners to own landed houses.

Vietnam’s CPI inches up in Q1

Vietnam’s consumer price index (CPI) in the year’s first quarter edged up around 4.3% year-on-year, showed official data.

Vietnamese retail market appealing to foreign investors

The nation is becoming an attractive retail market for companies globally with many regional and global FDI investors recently revealing their plans to increase capital and expand distribution networks here.