Khanh Hoa’s Cam Ranh City to host first-ever lobster festival

Cam Ranh City in the south-central province of Khánh Hòa will hold the first-ever lobster festival from August 3-11.

How expensive would tobacco be if the luxury tax was raised?

The Ministry of Finance (MOF) has proposed imposing a higher luxury tax on tobacco, with flat-rate duties to be fixed and raised year after year, from 2026 to 2030. Tobacco prices are predicted to increase proportionally in the next two years.

An upheaval called biometric authentication

The latest report from the SBV showed that after half a month of implementing biometrics, only two banks saw a biometric registration rate of over 20 per cent, and four other banks had a rate of over 10 per cent.

Oil tanker operators report massive profits amid soaring freight rates

Spot freight rates, time charter rates and secondhand vessel prices are all forecast to increase throughout 2024.

Majority of banks apply ESG practices in operations

Some 80-90 per cent of banks have partially or fully applied ESG (Environment - Social - Governance) practices in their operations, a State Bank of Vietnam (SBV)’s official said.

Trade value reaches nearly US$450 billion in January - July

For the seven-month period, exports totalled $226.98 billion, up by 15.7 per cent, in which the domestic sector accounted for 27.8 per cent and the foreign-invested sector (including crude oil) accounted for 27.2 per cent.

S Korean SMEs to find partners in Vietnam in August

About 25 small and medium-sized enterprises (SMEs) from South Korean will come to Hanoi next month.

Japanese man dreams to build a world new ceramics hub in Vietnam

Yukuse Onimaru, 52, is part of a collaborative initiative between Vietnam and Japan, which has been running for the past three years to train 52 students at the village and develop the local pottery industry.

Pickleball: developing sport making a racket

Pickleball has been introduced in Vietnam for about six years and has quickly garnered public interest. The sport has spread to many cities and provinces, with the number of players rapidly increasing.

Vietnam News Headlines July 29/2024

Vietnamese Ambassador in France honoured for contributions to cultural popularisation

PM reflects on Party Chief Nguyen Phu Trong's contributions to VN's development

PM Pham Minh Chinh has written an article to pay tribute to the legacy of Party General Secretary Nguyen Phu Trong, saying that the country "has never had such fortune, potential, position and international prestige as it does today".

Vietnam Business News July 29/2024

Market expected to accumulate and recover, pushing VN-Index towards 1,260 points

Stock market experiences stormy week, but investors are optimistic

The stock market last week witnessed considerable upheavals, with real estate shares under pressure, while bank shares weathered the storm to support the market.

What if offshore wind-power electricity prices higher than EVN’s selling prices?

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Trade measures needed to save domestic steel industry: experts

Appropriate and timely trade measures, following Vietnam's and World Trade Organisation (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production.

Education expert says retreat courses do not change children’s behavior

Parents should not entertain any illusion that children’s values, habits and behaviors can take shape just after several days of sitting and listening to monks preaching, reciting prayers, and practicing meditation.

Foreign investors’ confidence in Vietnam remains strong

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

Vietnamese female boxer advances to 2nd qualification round at Paris Olympics

Vietnamese female boxer Ha Thi Linh advanced to the second qualification round of the U60kg category after a decisive win over Feofaaki Epenisa from Tonga late July 27 at the Paris 2024 Olympics.

Kon Tum province shaken by 13 consecutive earthquakes on July 28

Up to 13 consecutive earthquakes with focal depths of about 8.1-10 kilometres were reported in Kon Plong district of the Central Highlands province of Kon Tum on July 28 with no damage recorded.

GM Le Quang Liem tops Biel Chess Festival third time in a row

Grandmaster Le Quang Liem has won his third Biel International Chess Festival's Masters Triathlon title with a round to spare in Biel, Switzerland.

2G cessation: Many people don't want to give up old-generation feature phones

After September 16, 2G subscribers in Vietnam will no longer receive services, but many Vietnamese are reluctant to give up their old-generation phones.

Poor student graduates university as valedictorian, wins doctoral scholarship

Nguyen Thi Kim Hoa, the top graduate of Hanoi University and the winner of a doctoral scholarship, said she worked to gain her achievements to repay her mother’s sacrifices for her.

Listed companies report profit increases of thousands of percent

Many businesses have reported impressive business results in the second quarter of 2024 with a profit growth rate of up to thousands of percent. A power company, for example, saw 5,500 percent growth in the last two quarters.

Khanh Hoa Vice Chair reveals strategies for economic resurgence and green growth

After two challenging years, Khanh Hoa has rebounded to the top ranks in economic growth. Vice Chairman Tran Hoa Nam shares insights on the province's strategies for overcoming economic challenges and embracing green development.

Vietnam releases stamp series highlighting ceramic national treasures

Continuing the celebration and promotion of Vietnam's unique cultural heritage, the Ministry of Information and Communications and Vietnam Post have released a new stamp collection titled "National Treasures (Part 3): Ceramics" on July 28.