Formosa completes compensation, commits to environmental protection after 2016 incident

Spokesperson for the Ministry of Foreign Affairs, Le Thi Thu Hang, said Vietnam's persistent stance is protecting the living environment and people's health as the top priorities and not pursuing economic growth at the expense of the environment.

Vietnam, China begin joint sea patrol

The Vietnam Coast Guard (VCG) and the China Coast Guard (CCG) on November 3 kick-started their second joint patrol in 2022 in the waters adjacent to the demarcation line in the Gulf of Tonkin.

Foreign market demand falls, manufacturers boost domestic sales

Vietnamese enterprises are boosting domestic sales. The domestic textile-garment and woodwork consumption index grew by 41.5 and 30 percent in the past 10 months.

Food security essential task of VN Gov't: Black Sea grain issue

"The Vietnamese Government always pays great attention to ensuring national security and it is considered an essential task in the industrialisation and modernisation of the country," spokesperson Hang said.

State Bank of Vietnam alleviates market pressures

The State Bank of Vietnam adjusted several operating interest rates last week, with the move deemed necessary in the context of a strong USD and increasing domestic pressure on interest rates and exchange rates.

Vietnam’s e-commerce market scale expected to reach US$57 billion by 2025

Vietnam’s e-commerce sector has enjoyed impressive growth in recent years, with the market scale projected to increase to US$49 billion, even $57 billion by Google, by 2025, from only $4 billion in 2015.

Approval to replace even one light bulb reflects flaws in Law on Public Investment

Minister of Finance Ho Duc Phoc pointed out problems in the Law on Public Investment at the ongoing National Assembly session.

Three ministries, one locality fail to submit spending plans for disbursement on time

According to the Ministry of Planning and Investment by the end of last month VND66.3 trillion from the programme was disbursed.

Rainfall this year above average, more typhoons possible

The total rainfall from the beginning of this year up in the north-east, north central and southern coastal areas has also been higher than usual, by 10-20 per cent.

Vietnam to import more gasoline from Southeast Asia: Finance Ministry

The Ministry of Finance (MOF) says that petroleum companies will shift to importing fuels from Southeast Asia instead of South Korea.

Vietnam aims to become world's largest ginseng producer

Vietnam plans to grow 24,000 hectares of ginseng by 2030 and become the world’s largest ginseng producer by 2045. This is part of the Ministry of Agriculture and Rural Development’s (MARD) ginseng development program to 2030.

Authorities working to recover imperial seal to be auctioned in France

The Vietnamese authorities are looking for possibilities and taking necessary measures to repatriate the imperial golden seal of the Nguyen Dynasty that has set to be auctioned soon by a Paris-based action house.

First Vietnamese singer makes solo debut in Korea

Roy Nguyen, the first Vietnamese male singer released his solo debut called “1 cm” in the Republic of Korea (ROK) with the participation of Kwon Min Ah, a former member of the South Korean girl group AOA.

Assets of 762 firms related to Van Thinh Phat frozen

The Hanoi Department of Planning and Investment has announced the freezing of assets of 762 companies in connection with Van Thinh Phat Holdings Group Corporation, whose chairwoman Truong My Lan was detained over alleged appropriation of assets.

Central bank says real estate loans restricted to ensure safety for banks

Vietnam’s central bank governor has said real estate loans are being restricted to protect commercial banks and control inflation.

Vietnamese scientist finds anti-cancer compounds from rice husks

A research group led by Prof. Dr. Tran Dang Xuan of Hiroshima University has demonstrated that the compound extracted from rice husks has an inhibitory effect on cancer cells and is safe for normal cells.

Vietnam earns US$16.5 billion following reopening of international tourism

The nation raked in US$16.5 billion after reopening to international tourism, according to industry insiders.

PM to visit to Cambodia, attend ASEAN Summits

Prime Minister Pham Minh Chinh will pay an official visit to Cambodia from November 8-9, and attend the 40th and 41st ASEAN Summits and related meetings from November 10-13.

LEGO begins construction on US$1.3 billion factory in Binh Duong

Danish toy maker LEGO on November 3 began construction of an over-1.3 billion-USD factory, the biggest foreign-invested plant in the southern province of Binh Duong.

Vietnam aims for 1 million hectares of high-quality rice

For the first time, ST25 rice from Vietnam was used in a "special lunch" at the Japanese Cabinet Office. And the "Vietnamese Rice" brand is also on the shelves of 4,000 supermarkets in France.

Trade imbalance with the US needs to be addressed

Data from the Ministry of Industry and Trade shows the US and China are the two largest trading partners of Vietnam.

VIETNAM BUSINESS NEWS NOVEMBER 3

Vietnam’s coffee export expected to hit 4 billion USD this year

Measures needed to ease the nursing shortage in VN

Figures from the Ministry of Health estimate that around 9,680 medical workers have quit their jobs in the first six months of this year. Of them, 2,874 are nurses.

Vietnamese animation has much potential to grow

Vietnamese animation began 63 years ago with the establishment of the Vietnam Doll Animation Studio (now the Vietnam Animation Studio) on November 9, 1959.

VIETNAM NEWS HEADLINES NOVEMBER 3

Vietnamese scientist discovers anti-cancer agents from rice husks