Huge profits expected from industrial real estate sector

Many businesspeople are pouring money into industrial real estate projects amid Vietnam’s macroeconomic stability and its position as a favorite destination for foreign investors.

3.8 million hectares of rice will be under open plan, not fixed: minister

Vietnam’s agriculture is experiencing a restructuring in order to increase seafood and fruit production, and to decrease rice production.

Interest subsidy package and tourism development receive VND18.5 trillion

The prime minister has decided to provide extra funding to the tourism development fund and the preferential credit package access to soft loans with an interest rate discount of two percentage points.

State Bank of Vietnam drains VND57.6 trillion from market

The State Bank of Vietnam (SBV) withdrew a net amount of VND57.6 trillion from the market to keep liquidity in the banking system scantly sufficient, which is an apparent move to buoy interest rates.

Vietnam grosses US$77 billion from phone, component, and electronic exports

Vietnam raked in approximately US$77 billion from the export of phones, components and computers, electronic products and spare parts during the opening eight months of the year, according to the Ministry of Industry and Trade.

Vietnam invests nearly US$400 million abroad over nine-month period

Vietnam’s new and adjusted investment capital overseas during the initial nine months of the year reached nearly US$398.3 million, according to details given by the Ministry of Planning and Investment.

PM calls on Warburg Pincus to increase investments in Vietnam

Prime Minister Pham Minh Chinh on September 28 suggested the US-based global growth investor Warburg Pincus to further its effective coordination with Vietnamese agencies to increase long-term and sustainable investment in the Southeast Asian nation.

Welcome ceremony held for Cuba Prime Minister

Cuban Prime Minister Manuel Marrero Cruz leading a high-level Government delegation of Cuba arrived in Hanoi late September 28, beginning an official friendship visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.

Crab noodle soup: A must-try specialty of Quang Ninh

Quang Ninh is widely known for the UNESCO world heritage site, Ha Long Bay, but few know about its famed crab noodle soup.

Video of injured foreigner helped by 'tattooed man' goes viral

A video featuring a Vietnamese man talking in a friendly manner with a foreign man in a hospital has gone viral.

Many graduates work in fields unrelated to their university major: survey

More than 21 percent of university graduates are working in fields unrelated to their major.

Aviation ground services to go-green to meet compliance

The Civil Aviation Authority of Vietnam (CAAV) is collecting comments on a draft circular stipulating that all businesses in the sector must have a plan to convert ground vehicles from fossil fuels to electric.

President visits, offers condolences to widow of late PM Abe Shinzo

President Nguyen Xuan Phuc visited and offered condolences to Abe Akie, the widow of late Japanese Prime Minister Abe Shinzo, at her home on September 28.

VIETNAM BUSINESS NEWS SEPTEMBER 28

US firm pours capital in cross-border e-commerce project in Binh Duong

VIETNAM NEWS HEADLINES SEPTEMBER 28

PM requests prompt measures to overcome Typhoon Noru’s consequences

Dim outlook for domestic auto component industry

Vietnamese automotive component industry has a dim outlook for growth as it lags behind those in many other regional countries, according to the Ministry of Industry and Trade (MoIT).

Animated series seeks to change stereotypes on Vietnamese products

Wolfoo, a YouTube children’s animated web series, which has reached more than 2 billion views a month, has changed the world’s stereotypes on Vietnamese products.

VN banking prospects from now to the end of the year

Under the circular, the State Bank of Vietnam told banks to reschedule debt repayments to help customers affected by the COVID-19 pandemic until June 30 this year.

JPMorgan: 65% of AirPods production to be located in Vietnam in 2025

JPMorgan analyst expects 20 percent of iPad, 5 percent of MacBook, 20 percent of Apple Watch and 65 percent of AirPods production to be located in Vietnam in 2025.

US$2.3 billion withdrawn from stock market, investors begin to worry

Concerns are increasing in the stock market after the State Bank of Vietnam (SBV) raised regulating interest rates and withdrew VND56 trillion (over US$2.3 billion) last week.

Teacher Nguyen Ngoc Ky writing with feet passes away

This morning, 75-year-old teacher Nguyen Ngoc K, who inspired many generations of students with his determination to rise up in life, passed away at his home in Thu Duc City.

Typhoon Noru passes through central Vietnam

Super typhoon Noru swept through central Vietnam on September 27 night and early September 28, bringing strong winds and torrential rains.

Discovering craft villages in Buddhist centre in Quang Ninh

Coming to Yen Tu relic site in Quang Ninh province – Vietnam’s major Buddhist centre, tourists can also experience traditional crafts such as making hats, bamboo handicrafts, and wood carvings.

Ministry drafts mechanism to adjust average retail power price

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

Foreign investment disbursement hits record high in nine months

Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.