Da Lat named most affordable tourist destination for upcoming holiday

With an average room rate of 1.45 million VND (58 USD), Da Lat has been named the destination in Vietnam that has offered the most competitive room rates during the last two months.

Vietnam poised to lead AI innovation in Southeast Asia

Vietnam’s potential to lead AI innovation is backed by its robust human resources, growing market, and strong government support, positioning the country prominently on the global AI map.

VN signs protocols to export frozen durian, fresh coconut & crocodiles to China

Vietnam’s agricultural trade with China has reached a new milestone as frozen durian, fresh coconut, and crocodiles have been granted export approval, opening up vast opportunities for these industries.

Vietnam Business News August 19/2024

Fruit, vegetable exports expected to hit record in 2024

Strong export growth but many challenges remain

Although gaining strong growth in export turnover in the first seven months of this year, Vietnam still faces many challenges to maintain the high growth in the export until this year end.

Grand ceremonial welcome for General Secretary and President To Lam in Beijing

On the morning of August 19th, General Secretary and President To Lam, along with his spouse, received a grand ceremonial welcome in Beijing, marking the start of a significant state visit to China.

Starbucks Vietnam closes prime reserve store in Ho Chi Minh City

After seven years of operation, Starbucks Reserve, the most prime-location café of the American coffee giant in Ho Chi Minh City, has unexpectedly announced its closure. The high rental costs are believed to be the main reason.

SBV sticks to 0% rate to fight off dollarisation

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments.

Rising dengue fever cases led to several deaths across Vietnam

A surge in dengue fever cases across Vietnam has led to several fatalities, health officials warned.

RoK emerges as second largest importer of Vietnamese fruit and vegetables

VN raked in more than US$164 million from importing fruit and vegetables to the Republic of Korea (RoK) in the first half of the year, representing a year-on-year rise of 55% and making the RoK the second largest consumer of the products after China.

People transform roof into a national flag to celebrate the National Day

On social media, people in provinces and cities across the country enthusiastically responded to the call to paint their roof into a national flag to celebrate the 79th National Day of Vietnam (September 2, 1945 - September 2, 2024).

Flexible policies needed for social housing mega-project

More flexible policies will help create incentives to attract investors and unlock the potential for expanding the social housing sector in Vietnam.

Apple partner 3M expands in Vietnam with new science and technology lab

In the context of rising US investment in Vietnam, Apple supplier 3M has established a new science and technology center in Hanoi, aiming to support the country’s burgeoning electronics industry.

Anti-corruption drive hinders Vietnam's public spending efforts

Vietnam is grappling with challenges in accelerating public spending as a result of the ongoing anti-corruption campaign, which has led to indecision and delays, experts warned.

Professor Vo Tong Xuan, renowned agricultural expert, passes away

Professor Vo Tong Xuan, a leading figure in Vietnam’s agricultural sector and an esteemed educator, passed away on August 19th, leaving behind a legacy of innovation and dedication to the country’s development.

Vietnam sees significant influx of Chinese investment across various sectors

A few weeks ago, a representative from a Chinese investment fund approached several economists in Hanoi, requesting presentations for Chinese investors on Vietnam's macroeconomic situation and its policies for attracting FDI.

Popular destinations for Vietnamese tourists during the September 2nd holiday

This year’s National Day holiday from September 2nd spans four days, and destinations in the Asia-Pacific region are proving most popular among Vietnamese travelers. Many domestic tourists are also showing a tendency to book last-minute tours.

PM orders stronger efforts to speed up site clearance for key transport projects

Prime Minister Pham Minh Chinh has signed to issue an official dispatch asking for drastic efforts, the highest sense of responsibility and the engagement of the entire political system to speed up site clearance for national key transport projects.

Textile-garment production chain goes green to meet export standards

Numerous textile and garment enterprises are intensifying efforts to green their production processes, aligning with environmental standards and regulations concerning product origin.

Gradually making English second language in schools: Politburo

Efforts should be concentrated on enhancing students’ foreign language proficiency, in order to make English the second language in schools.

New laws expected to better allocate resources for economic growth

Starting August 1, 2024, three key laws - the 2024 Land Law, the amended Housing Law, and the amended Real Estate Business Law came into effect.

Vietnamese women vie for 2027 FIFA World Cup place

The Vietnamese national women's football team will train in Europe from September 1 to 15 as they strive to secure a spot at the 2027 FIFA Women's World Cup finals.

Batdongsan.com.vn’s parent company PropertyGuru acquired in $1.1 billion deal

EQT Private Capital Asia has announced the acquisition of PropertyGuru, the parent company of Batdongsan.com.vn, for $1.1 billion, marking a significant move in the proptech industry.

Vietnam – China trade on the road to US$200 billion ambitious goal this year

Two-way trade turnover between Vietnam and China fetched US$112.2 billion in the past seven months, up 25% year on year.

Hanoi pushes for special mechanism to complete 400km of metro lines by 2035

Chairman Tran Sy Thanh of the Hanoi People’s Committee has called on the Prime Minister to implement special and breakthrough policies to fast-track the completion of more than 10 metro lines in the capital, stretching over 400 kilometers.