Bad debts kept rising in five months

Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.

Vietnam's Vinh named among world’s top ten in women's 25m pistol event

Shooter Trinh Thu Vinh has been listed among the world's top ten in the women's 25m pistol event after her performance at the Paris 2024 Olympics Games, according to the recently released ranking of the International Shooting Sport Federation (ISSF).

Discerning selection helps Vietnam attract high quality FDI projects: minister

Vietnam’s foreign direct investment (FDI) attraction continues to prosper in July, and quality of FDI capital flows increase sharply thanks to careful project selection.

Artificial Intelligence Day looks to unlock power of generative AI

Vietnam Artificial Intelligence Day (AI4VN) 2024 is themed “Unlock the Power of Generative AI”, and is scheduled to take place at the National Convention Centre in Hanoi on August 23.

Vietnam's finished steel production projected at 30 million tonnes

Vietnam's finished steel production is projected to hit 30 million tonnes this year, marking a 7% annual increase, according to the Ministry of Industry and Trade (MoIT).

Vietnam gains nearly 5.93 million USD from SOE sell-offs

The Government earned over 149 billion VND (5.93 million USD) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said.

Supporting industries become more attractive

Vietnam's supporting industries (SI) are becoming increasingly attracting to foreign direct investment (FDI). However, stronger policies are necessary to enable domestic enterprises to make significant breakthroughs in this sector.

Mechanisms needed for rice industry to go circular: insiders

Special mechanisms and policies must be put in place to encourage investments in the processing of rice by-products, a bold step that helps deliver significant benefits to farmers while contributing to carbon footprint reduction.

Nearly 18 trillion VND to aid Mekong Delta’s climate change response

MERIT – WB11 will be implemented in many southern provinces, aiming to enhance climate resilience in their agricultural production and rural communities.

Quang Ninh to host Asia-Pacific robot contest

The Asia-Pacific Robot Contest (ABU Robocon) 2024 will take place in the northern province of Quang Ninh’s Ha Long city from August 23 – 27.

Bank bond issuance soars 140% amid debt crisis

Bank bond issuance has surged to 96.2 trillion VND this year, a surge of 140% from last year, according to MB Securities (MBS).

Vietnam to play friendly matches with Thailand and Russia in September

Vietnam will play friendly matches with Thailand and Russia on the occasion of FIFA Days in September, the Vietnam Football Federation (VFF) has announced.

Hanoi’s Pho, lotus tea-making recognised as national cultural heritage

The Ministry of Culture, Sports and Tourism recently added Hanoi’s Pho (rice noodle soup) and traditional craft of making lotus tea in Quang An ward, Tay Ho district, to the list of national intangible cultural heritage.

Deputy PM orders policy for rooftop solar power development

Deputy Prime Minister Tran Hong Ha on August 13 stressed the significance of consistency in the technical approach as well as economic efficacy while developing a decree on mechanisms and policies to develop rooftop solar power.

Couples with two children should be prioritised to buy social housing

The Vietnam Association of Real Estate Brokers (VARS) has proposed couples with two children are given priorities in buying homes at social housing projects, as a solution to encourage marriage before the age of 30 and increasing the birth rate.

Work on HCM City - Moc Bai expressway project scheduled to start next year

Prime Minister Pham Minh Chinh has approved the investment policy of the first phase of the Ho Chi Minh City - Moc Bai expressway project, meaning the city will go ahead with the project in 2025.

Island and coastal regions to combine tourism and environmental protection

Many coastal and island localities have developed action plans to raise awareness of environmental protection and promote tourism development in conjunction with solutions to reduce plastic waste.

Vietnam needs stronger action to stamp out tobacco use: WHO Vietnam

Stronger action is needed to reduce tobacco use in Vietnam and protect people's health and lives, Representative of the World Health Organization (WHO) in Vietnam Angela Pratt has stressed.

500kV circuit-3 power transmission project must be completed by Sept. 2: PM

Prime Minister Pham Minh Chinh has requested ministries, sectors, agencies, and localities to shorten timelines to complete the 500kV circuit-3 power transmission line project by September 2 to celebrate the 79th anniversary of the National Day.

Hanoi to have five additional urban districts by 2025

The rural districts of Dong Anh, Gia Lam, Thanh Tri, Hoai Duc and Dan Phuong are set to be upgraded to urban districts by the end of 2025, according to a plan unveiled by the Hanoi People's Council on August 12.

Incentives to fuel growth of digital technology in Vietnam

The Ministry of Information and Communications (MIC) on August 12 held a working session with relevant ministries and agencies to collect feedback on the draft Law on Digital Technology Industry.

Ho Chi Minh City's most expensive bread still draws crowds

At noon, with the temperature in Saigon peaking at 38°C, a large crowd of both local and foreign customers line up under the scorching sun to buy the famed Huynh Hoa banh mi, priced at 68,000 VND ($2.8).

Rooftop solar power expected to see growth as new decree underway

According to the plan, Vietnam Electricity will pay for the surplus energy from the local solar power system to the national grid in alignment with the average market electricity price of the previous year.

Artists get creative with traditional art form

The exhibition is part of a series of cultural events commemorating the 79th anniversary of the August Revolution, the 79th National Day of the Socialist Republic of Vietnam and the upcoming 70th anniversary of the Liberation of the Capital.

The shift to semiconductor industry opens up opportunities for VN

Vietnam has the potential to develop a semiconductor industry in two phases – ATP (assembly, test and packaging) and design, according to Kim Chang Wook of Boston Consulting Group (BCG) in Seoul.