Rediscover Da Nang: Exciting new experiences you can't miss

Da Nang, known for its picturesque beaches and iconic Dragon Bridge, is set to surprise visitors in summer 2024 with a plethora of new experiences.

Space created for Vietnamese and South Korean digital firms’ connection

The Vietnam-South Korea digital forum, organized for the first time in Seoul, South Korea, is expected to become a rendezvous for digital technology firms of the two countries.

The dilemma of Ho Chi Minh City's riverside slums

Along the bustling riversides of Ho Chi Minh City, makeshift slum homes starkly contrast with the surrounding high-rise buildings and bustling urban centers.

Vietnam Business News August 6/2024

Three LPG storage tanks operational at PV GAS Vung Tau Terminal

100 traditional cakes made from palmyra palm set Vietnamese record

The 100 traditional cakes made from palmyra palm set a Vietnamese record at a cooking competition held on August 5 within the framework of the Southern Traditional Cake Festival in the Mekong Delta province of An Giang.

Social housing buyers to enjoy credit rates 3-5 ppts points lower

This aim is to create conditions for homebuyers to access the preferential loans in the context that the disbursement of the 120 trillion VND package remained stagnant.

A new chapter in Vietnam-South Korea ICT cooperation

From August 1-2, 2024, a delegation from Vietnam's Ministry of Information and Communications, led by Minister Nguyen Manh Hung, engaged in high-level meetings with South Korean government officials and businesses.

Eximbank welcomes new major shareholder amid positive financial performance

As Gelex prepares to increase its stake in Eximbank, the bank's latest financial reports reveal a positive trajectory, with a reduction in non-performing loans and significant increases in employee income.

Asia Slipform and Ho Dai Minh: who are they?

According to the Ministry of Public Security (MPS), the former deputy chair of Phu Tho provincial People’s Committee, Ho Dai Dung, born 1972, was arrested for ‘illegal gambling’. At the moment of arrest, Dung was a worker at Asia Slipform (AS).

Vietnam hosts Japanese Defense Minister: Strengthening strategic partnership

On the morning of August 6, General Phan Van Giang, Vietnam's Minister of Defense, hosted a welcoming ceremony for Japan's Defense Minister Kihara Minoru, who is on an official visit to Vietnam.

Education Ministry sets 35-student limit for elementary classes

As the 2024-2025 school year approaches, the Ministry of Education and Training (MOET) has implemented a class size limit of 35 students for elementary schools.

Vietnamese enterprises remain optimistic about operations abroad

Vietnamese leading investors like Vingroup, TH Group, FPT, and Vinamilk have affirmed their intention to continue expanding their investments abroad in the coming time, given their effective business activities in the host countries.

Southeast Asia's Olympic medal count rises as Vietnam awaits breakthrough

With Thailand adding a silver medal to its tally at the Paris Olympics 2024, Vietnam's focus turns to its athletes who have yet to compete.

Former VCCI Chairman Vu Tien Loc passes away

Dr. Vu Tien Loc, an economist and President of the Vietnam International Arbitration Center, and former Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), has passed away.

Countdown to Nhon-Hanoi metro launch amid unresolved station issues

With only three days left before the official launch of the Nhon-Hanoi metro line's elevated section, many stations are still in a state of disarray, covered in dust and debris, with rainwater pooling in some areas.

Quoc Cuong Gia Lai CEO & 16 others charged in fraud case involving state assets

Nguyen Thi Nhu Loan, CEO of Quoc Cuong Gia Lai Joint Stock Company, allegedly conspired with several individuals to transfer the 39-39B Ben Van Don project in Ho Chi Minh City, causing state losses amounting to hundreds of billions of VND.

AFF Cup 2024 schedule change alters Vietnam's preparation plans

The ASEAN Football Federation (AFF) has announced a change in the schedule for the AFF Cup 2024, causing Vietnam's national football team to alter their preparation plans.

UEFA competitions to be broadcasted on VTVCab

Vietnam Cable Television (VTVCab) has recently announced that they have won the rights to broadcast the Union of European Football Associations (UAFE) competitions for the next three seasons.

Canoeist Huong aiming for best performance at Olympics

Canoeist Nguyen Thi Huong will be the last Vietnamese athlete to compete at the Paris Olympics. Although she is not a medal favourite, she wants to set a new personal best.

Vietnam to enjoy trade surplus for 9th consecutive year: experts

Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.

Carriers struggling to ease aircraft shortage

Vietnamese airlines have been taking various measures in the face of a fleet contraction triggered by the manufacturer’s engine recall, including adding and replacing aircraft.

Jason Vinh joins Hanoi Police, eyeing Vietnamese national team spot

When recruiting Vinh, Hanoi Police’s leaders also promised to support and create maximum conditions for him to soon obtain Vietnamese nationality and contribute to the overall achievements of the national team.

HCM City hosts 1st Vietnam Best Sommelier Competition

The inaugural VN Best Sommelier Competition is being held in HCM City to find talented sommeliers to represent VN in international competitions, according to the contest’s organisers.

The EU increases control over quality of several VN’s agricultural products

Statistics indicate that Vietnam received 57 warnings from the EU in the first half of this year, representing an increase of more than 80 per cent compared to the same period last year.

The market requires a prolonged period to reach stability.

The stock market experienced significant volatility during the transitional trading week between July and August (from 29 July to 2 August).