Why did Chinese automaker BYD do a U-turn in Vietnam?

BYD's latest move shows that it just wants to sell products in the Vietnamese market rather than set up a factory and make a long term investment here.

Car imports on the rise despite low demand

Vietnamese firms imported 91,585 completely-built-up (CBU) cars worth nearly US$1.89 billion in the first seven months of the year, up 90.4% in volume and 54.8% in value year on year, according to the General Department of Vietnam Customs.

Search volume of Australian travelers for Vietnam increases

The latest data released by digital travel platform Agoda has revealed that the number of searches made for Vietnamese destinations by Australians between June 6 and June 24 increased 26% compared to the same period last year.

Chinese tire manufacturer Sailun to raise investment in Vietnam to US$1.7 bln

Chinese tire manufacturer Sailun is planning to pour an additional US$200 million into Vietnam, raising its total investment in the country to US$1.7 billion.

Traffic accidents claim 6,204 lives between January and July

As many as 14,242 traffic accidents occurred nationwide during the first seven months of the year, killing 6,204 people and injuring 10,976 others, reported the National Traffic Safety Committee.

World-renowned orchestra to perform in Vietnam this August

French orchestra Les Musiciens du Louvre is scheduled to hold events at the Ho Guom Opera House in downtown Hanoi on August 23 - 24 as part of the The Mozart Concert programme themed 'Bei Momenti' (Beautiful Moment).

Vietnam’s e-commerce market size to hit US$30 billion this year

E-commerce sales in Vietnam are likely to surpass the US$30 billion mark by the end of 2024 thanks to local growing consumer trends that help drive up online sales via e-platforms, said delegates at a meeting in Ho Chi Minh City on July 29.

Chinese Hong Kong chief executive Lee Ka-chiu to visit Vietnam

Chief Executive of China’s Hong Kong Special Administrative Region Lee Ka-chiu will pay a working visit to Vietnam from July 31 to August 2.

Navy vessel Le Quy Don calls at Brunei port for working visit

Sailing vessel HQ 286 - Le Quy Don of the Vietnam People’s Navy arrived at Port of Muara of Brunei on July 29, beginning a working visit and exchange programme with the Royal Brunei Navy.

Vietnam thanks global community for condolences over Party chief's passing

Vietnam has sent letters and messages to leaders of countries, international organisations, political parties and international friends to express gratitude for their heartfelt condolences over the passing of Party General Secretary Nguyen Phu Trong.

Vietnam wins big at International Chemistry Olympiad 2024

Four local students claimed three golds and one silver medal at the 56th International Chemistry Olympiad (ICHO), which has recently been taking place in Saudi Arabia.

Coal mine accident kills five in Vietnam

Five workers have been killed in a coal mine accident in Vietnam's north-eastern province of Quang Ninh, local authorities said on July 30.

Vietnam enjoys over 14 billion USD trade surplus in seven months

Vietnam recorded a trade surplus of 14.08 billion USD in the first seven months of this year, the General Statistics Office announced on July 29.

Consumer price index up 4.12% in seven months

Vietnam’s consumer price index (CPI) in the January – July period inched up 4.12% from the same time last year, mostly due to increases in tuition fees, healthcare services, housing costs and prices of power, water, fuels and building materials.

Hanoi promises most enabling environment for large investors

The Hanoi People’s Committee recently issued a document requesting local authorities make stronger moves to improve the quality and efficiency of foreign direct investment (FDI) promotion, attraction, and management.

Da Nang accelerates investment procedures for new industrial parks

Authorities of the central city of Da Nang are working hard to complete procedures and planning documents for investing in three new industrial parks (IPs), including the second phase of Hoa Cam IP, the Hoa Ninh IP and the Hoa Nhon IP.

Hanoi Int'l Film Festival to be meeting place for domestic, global filmmakers

The 7th Hanoi International Film Festival (HANIFF), slated for November 7- 11, will be a much-expected gathering for Vietnamese and global film teams, allowing them to exchange ideas and cooperate.

Nhon-Hanoi Station metro line missed deadline again

Nhon-Hanoi Station metro line has missed the deadline for its elevated section again, after failing to go into commercial operation on July 28.

FDI inflow increases 10.9% to $18 billion in January – July

Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.

End of 2G service in Vietnam is 'irreversible'

From September 2024, 2G subscribers will no longer receive services in Vietnam. This is a preparatory step towards complete 2G cessation by 2026.

Hanoi seeks to become semiconductor hub

The capital city of Hanoi is positioning itself as a prime destination for semiconductor investment, with a conference kicking off on July 29 as part of the Hanoi Semiconductor Investment Festival.

New real estate-related laws a catalyst for domestic market: insiders

The Land Law, the Law on Real Estate Business, and the Housing Law, all to be effective from August 1, are expected to help remove pending roadblocks to real estate projects and promote the transparency of the market, according to insiders.

Russia exports one more batch of pork to Vietnam

Up to 69.5 tonnes of frozen pork and by-products from Tomsk province of Russia have been exported to Vietnam, meeting the sanitary and veterinary regulations of the Eurasian Economic Union (EAEU) and the veterinary requirements of Vietnam.

Vietnam Pho Festival 2024 to take place in Seoul in October

The Vietnam Pho Festival 2024 will be held in Seoul, the Republic of Korea (RoK) in October in an effort to promote Vietnamese culinary culture to international friends.

43% of information systems lack sufficient security measures

As of June 2024, over 3,100 out of 7,200 information systems of state agencies and organizations had been found to have insufficient security measures.