Pessimistic outlook for maritime transport firms amid weak demand

Sea transport firms are going through a tough time as weak demand has begun to hamper maritime trade and freight rates are expected to fall towards Q1/2023.

Minister To Lam urges "place of birth" to be added to new passports

The Government realizes that it is necessary to study and add “place of birth” information to the personal page in passports and this should be implemented soon before January 1, 2023, has said Minister of Public Security, General To Lam.

VIETNAM NEWS HEADLINES NOVEMBER 7

Thu Duc City loses US$54 million to floods annually

Vietnam’s gold demand more than doubles year-on-year in Q3/2022

Overall consumer demand for gold in Vietnam reached 12.0 tons in Q3/2022 from 3.3t in Q3/2021, up 264% year-on-year.

Plenty of franchising opportunities in Vietnam

Vietnam is a country with a lot of opportunities for franchising, with many businesses having the capability to become a franchisee, even a master franchisee, a conference has heard.

Entertainment and cultural events of the week (November 7-13)

Upcoming entertainment and cultural events in Vietnam's major cities on November 7-13.

Wage hike needs to keep up with inflation control

Vietnam is set to increase the base wage from July 2023.

Tougher penalties against fuel hoarders, smugglers to be imposed

Under the Minister of Industry and Trade’s Directive, harsher penalties will be imposed on traders or businesses found engaging in price gouging, resorting to hoarding, and smuggling fuel.

Vietnamese coral reefs seeing degradation by 0.72 percent a year

The Vietnam-Russia Tropical Center informed that until now, a total of 444 different coral species have been recorded in the sea waters of Vietnam, 378 of which are hard corals. Yet there is an alarming state of degradation happening nationwide.

Crude oil nearly exhausted, finding new mines difficult

In the 2011-2015 period, oil and gas search and exploration was vigorously and extensively deployed throughout the entire continental shelf and exclusive economic zone of Vietnam.

VN aviation sector prepares for post-pandemic period

According to data from Airbus in collaboration with the International Air Transport Association (IATA), Vietnam's domestic aviation market has recovered the fastest in the world, with a growth rate of 123% over the same period in 2019.

Electric vehicles are here to stay

Large auto manufacturers have launched electric models in Vietnam, which indicates that replacing cars with electric vehicles will be a permanent trend.

Hanoi needs better management at parks

Living in concrete houses and lusting for greenery, Hanoians often hesitate to enter parks because each park has its own way of management.

How to develop smart-cities in Vietnam: expert

Dr Nguyen Nhat Quang, deputy chair of VINASA’s (Vietnam Software & IT services) founding council, said a smart city is not a design that can be copied, but should be seen as an effective way to develop and run cities.

M&A deals hit US$5.7 bln during Jan-Oct

Merger and acquisition (M&A) activities carried out by Vietnamese enterprises were estimated to reach over US$1.3 billion during the January-October period.

Vietnam becomes world’s third largest seafood exporter

Vietnam has become the world’s third largest seafood exporter, accounting for 7 percent of the world market share.

Fishing village at dawn

Vietnam has 28 coastal provinces and cities stretching more than 3,260 kilometers, from the northern province of Quang Ninh to the southern province of Kien Giang.

Enterprises fret over economic turbulence

The exchange rate and market volatility, alongside inflation, have been challenging many enterprises in Vietnam regarding domestic consumption and import-export management.

A must-try noodle dish in Quang Ninh

Mantis shrimp rice noodle soup, with simple ingredients bringing the taste of the sea, has become another famous specialty of Quang Ninh.

Banks’ optimistic quarterly growth

Bank stocks continue to lag despite lenders posting positive profit growth.

Vietnam Football Federation elects new president

Tran Quoc Tuan, acting president of the Vietnam Football Federation (VFF) was elected president of the national football governing body at its nine congress held in Hanoi on November 6.

VIETNAM BUSINESS NEWS NOVEMBER 6

Fruit exports to bring home over 5 bln USD by 2025

HCMC faces tremendous pressure on parking spaces

The lack of parking spaces, especially for cars, is increasingly serious in the southern metropolis, causing great losses for businesses and society whereas many fundamental solutions for the city have not been carried out.

Mysterious landscape of Long Coc tea hill

During the transition from autumn to winter, the clouds appear to be blending with the mist-covered Long Coc tea hilltop, creating a mysterious landscape that makes visitors feel like they are lost in the Elysian Fields.

New policies on COVID-19 fight needed: PM

Prime Minister Pham Minh Chinh on November 6 suggested adopting new mechanisms and policies on COVID-19 prevention and control, which, he said, should match the new situation.