Tourists fall in love with 'miniature Santorini' in Quy Nhon

Nhon Ly is a commune on Phuong Mai peninsula, about 20km from the center of Quy Nhon city in the central province of Binh Dinh.

Foreign firms eye VN but more efforts needed to improve investment climate

Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macroeconomy, rapid growth and large market with a rising middle class.

Increasing monthly basic wage to VND1.8 million is necessary: Ministry of Internal Affairs

The Ministry of Internal Affairs is collecting feedback on plans to increase monthly basic salaries for civil servants, public employees and members of the armed forces.

Scarcity of sand supply – headache for contractors

Due to the scarcity of sand supply plus the increased price of sand, many businesses found it a headache for their construction from the beginning of the Lunar New Year until now.

Teenagers lack knowledge about reproductive health

The fact the two teenagers gave birth to babies recently shows that they do not have sufficient knowledge about reproductive health, which can lead to many consequences such as unsafe sex, and unintended pregnancy.

Vietnam Register proposes additional manpower

The Ministry of Transport has proposed the Ministry of Home Affairs allow Vietnam Register to use contract workers to cope with severe labor shortages at some vehicle registration and testing facilities under the department.

VN State Bank withdraws money from market ahead of Fed meet

Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to slow credit growth.

Vietnam announces plan to combat illegal fishing practices

Vietnam has begun to act against illegal, unreported and unregulated (IUU) fishing practices to shed seafood export restrictions imposed by the European Union.

Danang driver fined for overcharging South Korean tourist

A man in the central city of Danang has been fined VND11 million (USD466.11) for overcharging a South Korean tourist while employed as a licensed taxi driver.

Setbacks to overcome for green bond market

A legal framework for green bonds has been developed in Viet Nam for years, yet the bonds are slow to catch on in the country owing to several setbacks.

HCM City reduces 2022 land rent for businesses by 30 per cent

The HCM City Tax Department has reduced land and water area rents from 2022 for those affected by the COVID-19 epidemic.

Last undersea Internet cable connecting Vietnam with the world breaks down

The SMW3 cable, the last fully functional Internet cable of Vietnam, has encountered a problem on its S2.7 segment that connects with Singapore, an Internet service provider in the country said on February 21. ​

Education Publishing House officials charged with inflating textbook prices

Four individuals have been arrested in a case involving the Education Publishing House on charges of inflating textbook prices and seeking illicit earnings.

Powerful tools like ChatGPT spur self-improvement

Expert Dao Manh Thang from the Aptech Programming System says that ChatGPT is a useful tool for everyone, forcing users to "upgrade" themselves to suit the change and master the tool.

Vietnam to develop sustainable aquaculture with export revenues of US$12 bln by 2030

By 2030, aquaculture production is expected to reach 7 million tonnes with export revenue of US$12 billion per year, while the growth rate of aquaculture value is expected to reach an average of more than 4.5 per cent a year.

Top business stories in Vietnam last week

Further VAT cuts have been proposed; commercial banks began easing lending interest rates; and Vietnam’s rice is being exported to Europe at high prices. These were the noteworthy business stories last week.

Soc Trang's salted white radish: a delightful dish and served with rice porridge

Salted white radish (locally known as xá bấu) is a popular dish that Soc Trang residents eat daily. Mixing it with sugar gives it a special flavour that none can forget.

Vietnam to attract high spending visitors

The travel companies are exploiting potential markets, including India, South Korea, Australia, the Middle East, and the US.

VN should allow visa exemption to all European countries: EuroCham

Expand the list of visa-exempt countries to all EU countries and extend the visa exemption period from 15 to 30 days are among recommendations outlined in the European Chamber of Commerce in Vietnam’s 2023 Whitebook.

VN State Bank promises VND120 trillion preferential credit package for real estate sector

Real estate accounted for 21.6 percent of total outstanding loans to the economy (VND2.58 quadrillion).

VIETNAM BUSINESS NEWS FEBRUARY 21/2023

Int’l trade fair for construction, mining, transport to take place in April

PM urges to accelerate disbursement rate of public investment

Vietnamese Prime Minister required both to ensure a high disbursement rate of public investment capital and the right quality and efficiency of projects.

Touching stories from Vietnam's humanitarian ambassadors’ in Turkey

Their efforts marked a significant milestone in the nation’s commitment to global humanitarianism.

VIETNAM NEWS HEADLINES FEBRUARY 21/2023

Mong Cai-Dongxing international border gate resumes entry-exit activities

Hanoi walking street closed for upgrade

Hanoi’s Trinh Cong Son Pedestrianised street has just been closed for renovation work.