Bank law to be amended to ensure banking system safety

The State Bank of Vietnam (SBV) is collecting comments on its draft revised Law on Credit Institutions to better ensure the safety of the banking system.

National railway investment requiring foreign push

Foreign investors are being urged to explore funding railway lines linking seaports as part of the country’s railway development plan – despite high costs, few successful projects, and a lengthy period to see returns.

What does the collapse of Silicon Valley Bank mean for Vietnam?

The collapse of Silicon Valley Bank in the US is expected to cause upheavals in the global financial market and problems for countries, including Vietnam. However, economic growth will still continue to be good.

Health sector suffers from institutional bottlenecks

To settle shortages of drugs and medical equipment, the Ministry of Health (MOH) and other ministries need to give advice to the government to build a long-term legal framework to manage bidding.

Workers to have five days off for public holidays in April, May

Workers in Vietnam will enjoy five consecutive days off from April 29 to May 3 to celebrate Hung Kings Commemoration Day, Reunification Day, and International Workers’ Day in April and May.

Vietnam wins four gold medals at 2023 International Art Photo Contest

Vietnam wins four of the 12 gold medals at the 2023 International Art Photo Contest.

Vietnam seeded No. 2 ahead of AFC U20 Women’s Asian Cup’ second qualifiers

The Vietnamese women’s football team have been placed in Pot 2 ahead of the draw for the second qualification round of the AFC U20 Women's Asian Cup 2024 which will be held in Malaysia.

National Museum of History launches first night tour for local and foreign visitors

Local and foreign visitors now can enjoy a 90-minute night tour of the Vietnam National Museum of History in Hanoi, with the activity promising enticing cultural, culinary, and architectural experiences for guests.

Saigon Heat awarded runner-up title at ASEAN Basketball League 2023

Vietnamese representative Saigon Heat won the runner-up title of the ASEAN Basketball League (ABL) 2023 after losing to Hong Kong Eastern of China in the final round held on March 14 in Ho Chi Minh City.

Government leader to hold dialogue with youths on human resources

A dialogue between the Prime Minister and youths will be held in both online and in-person formats on March 26 on the occasion of the 92nd anniversary of the Ho Chi Minh Communist Youth Union.

VIETNAM BUSINESS NEWS MARCH 15/2023

Gov't sets up working groups to monitor public investment disbursement

Renewable energy investors continue to make proposals on power purchase prices

Renewable energy investors have just submitted a recommendation to the Prime Minister regarding the rectification of shortcomings in the process of building and promulgating a price mechanism for power generation for transitional power plants.

Defense Ministry’s help sought to deal with vehicle inspection overloads

The Ministry of Transport has asked the Ministry of National Defense for help to cope with excessive workloads at automobile registration and inspection centers, especially those in Hanoi and HCMC.

VIETNAM NEWS HEADLINES MARCH 15/2023

Vientiane requiem for Gac Ma battle martyrs

Dak Lak authority warns about spontaneous adventure travel

Travellers are being warned to only take official, organised trips following the death of man who fell into a river in Đắk Lắk Province.

Prime Minister chairs national tourism conference

Prime Minister Pham Minh Chinh chaired an online national conference on tourism on March 15, which is aimed at accelerating recovery and development of the sector.

More than 410km of North-South expressway to be completed in 2023

Seven North-South expressway component projects with a total length of about 411.6km will be completed and put into operation this year, according to the Ministry of Transport.

VN central bank inspects 11 banks' investments in corporate bonds

State Bank of Vietnam (SBV) has taken unannounced inspection tours to 11 commercial banks and imposed sanctions on banks violating regulations on investment in corporate bonds.

Vietnam's hotels recovering from pandemic but still face challenges: Savills

Vietnam’s hotel industry has been slower to bounce back from the COVID-19 pandemic than that of other countries due to a series of factors, including strong reliance on the Chinese market and a large pipeline of hotels.

Wholesale action set for export gain

As growing risks in the global market are posing challenges for Vietnam to maintain its growth prospects at a high level and realise its big export target this year, the government has requested new measures to bring the situation under control.

Hectic preparations are made to receive Chinese travelers

Vietnamese travel firms say partners have begun contacting them to ask for information about tours after China announced the resumption of group tours to Vietnam beginning March 15.

Vietnam’s regulatory interest rates to be reduced by 0.5-1% from March 15: SBV

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Vietnam's resort real estate anticipates recovery this year

Vietnam's resort real estate sector is set to see a fresh recovery as many foreign funds and investors are seeking suitable investment products, said experts from the real estate agency Savills Vietnam.

Mobile operators to terminate services to subscribers with false information

Mobile operators have the right to terminate service to subscribers with incorrect information from March 31.

22 banks ease interest rates, BIDV leads in outstanding loans

BIDV, VietinBank and Vietcombank, the three banks out of the ‘big four’, are leading in capital mobilization and lending, according to the State Bank of Vietnam (SBV).