Power shortage worries increase hunger for coal

Vietnam is maximising its coal mining output amid widespread power outages in the north.

Indicators ripe for wave of tech startup successes

Venture capital investment flows into Vietnam, particularly from Singapore, are on track to surpass the previous level, propelled by the country’s buoyant tech startup scene.

Tourism industry faces serious labor shortage

Because of low pay, many workers have left the tourism sector.

Industrial parks, economic zones absorb US$ 230 billion in foreign direct investment

Industrial parks (IPs) and economic zones (EZs) across the country have attracted nearly 11,000 foreign direct investment projects worth US$230 billion, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Property, fishery sectors face hardship as credit chokes

At a government-to-business conference held yesterday, representatives of business associations expressed their concern over being unable to access bank loans as banks are running out of credit growth quotas.

Utilising every opportunity to grow and overcome challenges

That is the message and guideline of Minister of Planning and Investment Nguyen Chi Dung at the national conference on how to sustainably develop.

Outbound tours to Europe rocked by passport tangle

A number of Vietnamese outbound travel companies have already been affected by the decision of some European nations to not recognise Vietnam’s new passports.

Huynh Nguyen Mai Phuong becomes Miss World Vietnam 2022

Huynh Nguyen Mai Phuong was crowned Miss World Vietnam 2022 after surpassing 36 competitors at the finale held at MerryLand Quy Nhon in the south-central province of Binh Dinh on August 12.

Young people discover the universe via telescopes

Many young people have been spending time and money to buy telescopes and build rooftop observatories to admire the wonders of the universe.

Ample room remains for Vietnam’s exports to EU

There is still a lot of room for Vietnamese goods to expand their presence in the European Union (EU) market, but accessing its retail distribution systems is extremely important, heard a seminar in Ho Chi Minh City on August 11.

Vietnam yet rolls out Covid jabs for under-5s

Vietnam has yet planned to get younger kids aged under five vaccinated against COVID-19, according to the Ministry of Health (MoH).

Vietnam to host Mekong Tourism Forum in October

Vietnam is scheduled to host the 2022 Mekong Tourism Forum, themed “Rebuild Tourism, Rebound with Resilience”, from October 9 – 14, the first in-person meeting of the six Greater Mekong Subregion (GMS) destinations since the pandemic began in 2019.

Cryptocurrencies show high risks

Even though cryptocurrencies are not legally recognized in Vietnam, they have gradually become popular due to unlawful trading via specific platforms.

Pandemic-hit labourers continue to receive financial support

The Unemployment Insurance Fund plans to pay out 1.15 trillion VND (49.15 million USD) to support labourers affected by the COVID-19 pandemic, according to a resolution issued by the National Assembly (NA) Standing Committee.

Seven petroleum wholesalers’ licenses suspended

The Ministry of Industry and Trade suspended the operating licenses of seven key petroleum import and export businesses after inspecting 33 wholesalers in February this year.

President reduces death penalties to life sentences for 21 prisoners

President Nguyen Xuan Phuc on August 12 decided to reduce death penalties to life sentences for 21 prisoners, including two foreigners.

Storm Mulan circulation leaves six dead and missing

A total of six people have been confirmed dead with several others missing throughout the northern region following torrential rains and floods caused by Storm Mulan’s circulation.

Strange creatures in Vietnam: tree-climbing fish, water-fearing crabs

Thoi loi fish, or giant mudskipper, is one of the strangest fish species on the planet. A man in Ca Mau raises the fish as if it is a pet, while colorful ornamental crabs are raised by a man in Hanoi who earns hundreds of millions of dong a month.

Domestic securities companies face losses

Several deep and prolonged corrections in the stock market of late have caused many domestic securities companies to face heavy losses, after a phase of continuous profit-making.

VIETNAM BUSINESS NEWS AUGUST 12

Vietnam to host Mekong Tourism Forum in October

Five different COVID-19 vaccines put through clinical trials

The vaccines include Nanocovax, COVIVAC, ARCT-154, COVID-19 HIPRA and S – 268019.

VIETNAM NEWS HEADLINES AUGUST 12

Ministry proposes keeping COVID-19 in Group A of infectious diseases

Provincial leaders, finance official face disciplinary action

The Party Central Committee’s Inspection Commission held its 18th session in Hanoi from August 10-11 to discuss wrongdoings by several Party bodies and impose disciplinary measures against the officials involved.

Rise of screen time puts children at high risk of social media addiction

The National Children's Hospital has recently received more child patients with mental illnesses attributed to the increased screen time they spent during the COVID-19 pandemic when outdoor physical social activities were limited.

Transport firms continue to reap high profits as ocean rates fall slowly

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.