Brand-new automobiles to be exempt from first mechanical check

Brand-new automobiles will be exempt from the first mechanical check under a revised circular on technical safety and environmental protection promulgated by the Ministry of Transport.

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

E-visa holders might be able to stay in Vietnam for up to 90 days, three times longer than the current 30 days, according to a proposed amended Law on Foreigners’ Entry into, Exit from, Transit Through, and Residence in Vietnam.

VIETNAM NEWS HEADLINES MARCH 22/2023

PM chairs dialogue with youngsters nationwide

Ministry threatens to punish telcos for junk-simcards

The Ministry of Information and Communications (MIC) is intending to mete out punishment with a heavy hand to telecom carriers that do not stop junk sim-cards in the market.

Vietnam moves up in ranking of internet speed

The quality of internet service has improved following instructions by the Ministry of Information and Communications (MIC). Vietnam now ranks 39th globally in terms of fixed internet and 52nd in mobile internet speed.

Banks hold US$8 billion worth of corporate bonds

The proportion of corporate bonds to total assets of commercial banks is not too large but risks still exist, especially if banks hold bonds of weak real estate firms, according to Le Hong Khang from FiinRatings.

Small ship itineraries in Vietnam amongst best Southeast Asia cruises

Small ship itineraries along Ha Long Bay, the Red (Hong) River and the Lower Mekong River in Viet Nam were named among the top four best Southeast Asia cruises by the U.S. travel guidebook series Frommer’s.

Vietnamese stock market's publicity and transparency improved

It is believed that the enhancement will help shore up investor confidence in the Vietanmese stock market after recent scandals.

Investors voice concerns over unresolved pricing for renewable projects

Investors of numerous renewable energy projects demanded solutions to resolve pricing issues in a meeting with Vietnam Electricity (EVN) on Monday.

Hanoi's decade-long effort to clear pavements with no significant results

Despite efforts for 10 years, Hanoi's pavements are still cluttered and have not been returned to pedestrians.

Military inspectors deployed to support understaffed vehicle registration centres

Understaffed vehicle registration centres in Hanoi and HCM City have received support from the military as they struggle to cope with the surge in demand caused by the closure of several centres for investigation in recent few months.

Vietnam to develop policies to adapt to global minimum tax

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Hanoi drafts to restore local relics with US$593.6 million

Restoring relics and heritage sites is one of Hanoi's goals and is part of the city's efforts to boost its tourism sector.

University ranking group answers criticisms about its transparency

Nguyen Vinh San from the University of Education, a member school of University of Da Nang, and a member of the Vietnam University Ranking Group, said the group has received opinions about the quality and reliability of the ranking.

Foreign associations want dollar interest rate cap removed

Foreign business associations have proposed the State Bank of Vietnam (SBV) remove the U.S. dollar interest rate cap at 0%, reported the local media.

SBV tightens control on corporate bond acquisitions by banks

The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate bonds.

Retailers slash prices on low-priced smartphones

The consumption of low- and mid-end smartphones has dropped by 50 percent compared with the same period last year, causing difficulties in cash flow for retailers.

Vietnam ranks 65th in world happiness report

Vietnam ranks 65th out of 137 countries and territories in the 2020-2022 period as per the World Happiness Report 2023, up 12 places from the 2022 Report.

Hanoi’s two famous markets are quiet, with slow sales

The two most famous shopping areas of the capital city, Hom and Hang Da markets, are no longer bustling with visitors as in previous years. Some booths have seen sales fall up to 70%.

Vietnam posts trade surplus of nearly US$3 billion by mid-March

With the country's total import-export turnover reaching nearly US$123 billion between January 1 and March 15, the nation enjoyed a trade surplus of roughly US$3 billion, according to figures released by the General Department of Vietnam Customs.

SEA Games 32 torch set to arrive in Hanoi

The torch of the 32nd Southeast Asian Games (SEA Games 32) is scheduled to land in Hanoi on March 22 as part of its ongoing tour to the 10 ASEAN nations.

Police search homes of four flight attendants in drug case

The HCMC police have found no illicit drugs at the residences of the four Vietnam Airlines flight attendants who were caught red-handed carrying illicit drugs to the country last week.

EVN asked to buy renewable energy at 90% import price

Investors involved in renewable energy project have proposed Vietnam Electricity Group (EVN) purchase power from eligible projects at an interim price equivalent to 90% of the electricity import price.

Minister hopes US becomes biggest investor in Vietnam

Minister of Planning and Investment Nguyen Chi Dung has voiced his hope that US enterprises will become the biggest investor in Vietnam.