New regulation on sorting trash hopes to improve waste management

New regulation on domestic waste classification at source officially comes into effect today, August 25.

VIETNAM NEWS HEADLINES AUGUST 25

New initiative to recycle 3,000 tonnes of cartons

HCM City’s 12-seat electric bus line suspended due to low ridership

The HCM City transport authority has announced the suspension of the 12-seat electric bus line D1 due to low ridership after five years of operations.

Bao Ngoc to represent Vietnam at Miss Intercontinental 2022

Bao Ngoc, the first runner-up of Miss World Vietnam 2022, will represent the country at the Miss Intercontinental pageant which will take place in Egypt this October.

Methanol poisoning kills four people in Ben Tre

Four people have died, while five others were hospitalised due to methanol poisoning at parties in the southern province of Ben Tre.

VIETNAM BUSINESS NEWS AUGUST 25

Central bank withdraws more money from system

Singapore investments top US$13.6 billion in HCM City

Among the foreign direct investment (FDI) companies active in HCMC, Singaporean investors top the list, with 1,560 projects and total registered capital of US$13.6 billion.

Loc Troi Group to dissolve one affiliate, offload stake in another

The board of directors of Loc Troi Group JSC (LTG) has passed a resolution to dissolve its subsidiary Northern Loc Troi JSC and offload its entire stake in another subsidiary, Loc Troi Seed JSC.

The unique architecture of Hue’s ancient temple

Located on Ham Long hill, the Bao Quoc Pagoda has long been known by Hue people as well as tourists not only for its sacred features with unique architecture but also for the mysterious stories surrounding the ancient well in the pagoda.

HCM City suspends US$83mil opera house project

The authorities of Ho Chi Minh City have decided to suspend investment in the Thu Thiem opera house project worth nearly VND2,000 billion (US$83.3 million) in order to have capital for other projects and the post-pandemic economic recovery program.

Weaker banks on radar of major lenders

The prospect for bank mergers and acquisitions in Vietnam is accelerating, notably the purchase of struggling credit institutions for the sake of reorganisation.

Vietnam is fifth most open economy in Asia

Vietnam ranks as the fifth most open economy in Asia out of 37 nations evaluated by Fitch Solutions in its Vietnam Trade & Investment Risk Report.

Tran Manh Kien set to compete at Manhunt International

Vietnamese model Tran Manh Kien has been selected as the Vietnamese representative at Manhunt International 2022, the world largest male beauty contest.

Vietnamese seafood companies face a difficult third quarter

The growth momentum of the seafood industry is likely to slow down in this third quarter due to the rising pressure of production and transportation costs, while purchasing power in major markets is expected to decrease.

Tennis star Ly Hoang Nam scores Vietnam's highest world ranking

Ly Hoang Nam has reached a world ranking of No 328, according to the ATP's latest release.

Vietnam, Japan agree on enhanced cooperation to improve supply chains

Minister of Industry and Trade Nguyen Hong Dien and Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura co-chaired the 5th meeting of Vietnam-Japan Joint Committee on Cooperation in Industry, Trade and Energy in Tokyo on August 23.

Wood firms struggle due to canceled export orders

High inflation and market volatility have led to the cancelation of large numbers of wood orders, placing wood processing enterprises in Vietnam in a tough position.

IT workforce shortage slows down digitalization in Mekong Delta

Despite its high population, the lack of information technology workers has hindered the Mekong Delta region’s digital economic development.

Japan debuts farm produce export supporting platform in Vietnam

Japan has launched a food and agro-forestry-fishery export supporting platform in Vietnam, one of Japan’s key farm produce buyers, to boost Japanese exports to Vietnam.

Russian couple caught growing cannabis plants in Phan Thiet

A Russian couple were caught illegally growing nearly ten cannabis plants on August 23 at a rented house in Ham Tien ward of Phan Thiet city in the southern central province of Binh Thuan.

Storm Maon moves closer, rain starts in northern Vietnam

Localities in northern Vietnam are expected to experience a long spell of heavy rain in the coming hours on August 25 when storm Maon moves closer to the northern coast, according to the National Centre for Hydrometeorological Forecasting.

Vietnam faces challenges in ensuring sustainable development

As a rapidly growing economy, Vietnam is facing many difficulties in ensuring energy security, green and sustainable development, insiders have said.

Vietnam to secure more Moderna vaccine for children in September

More doses of Moderna vaccine against the COVID-19 pandemic will arrive in Vietnam next month to be injected to children aged from six to below 12, according to the National Institute of Hygiene and Epidemiology (NIHE).

New initiative to recycle 3,000 tonnes of cartons

A carton recycling initiative will be piloted in Ho Chi Minh City from August 2022 to March 2023, aiming to collect and fully recycle 3,000 tonnes of used drink cartons into new products, such as paperboard and eco-friendly roofing materials.

Vietnam sees chain drugstores boom during COVID-19 pandemic: Nikkei Asia

As the coronavirus pandemic has spread through Vietnam, so has the number of drugstores operated by major chains, Nikkei Asia reported on August 24.