MOIT, VCCI say luxury tax on petrol not needed

The Ministry of Industry and Trade (MOIT) and Vietnam Confederation of Commerce and Industry (VCCI) have asked the government to reconsider imposing a luxury tax on gasoline.

Old rubber tyres for oyster farming pose health and environmental risks

Many farmers in southern Ba Ria-Vung Tau Province have taken advantage of old rubber tyres for oyster farming, posing health and environmental hazards, the provincial Fisheries Sub-department has said.

Prime Minister Chinh speaks on importance of land management at conference

Prime Minister Pham Minh Chinh has emphasised the important role the State plays in land management at a national conference on a resolution recently passed on the issue.

Vietnam rebukes US report on human trafficking as inaccurate: Foreign ministry

The spokesperson for the foreign ministry issued a statement on Thursday in response to the US report earlier released this week which downgrades Vietnam to tier 3, the lowest in the three-tier ranking.

Population aging, labour migration pose challenges to poverty reduction

Population aging, income disparities and living standards as well as labour migration pose great challenges to the poor and poverty reduction.

Ba Ria-Vung Tau Province to develop eco-tourism

The southern coastal province of Ba Ria-Vung Tau has approved a project for eco-tourism, resorts and entertainment at the province’s protected forests from now until 2030 and a project for eco-tourism, resorts and entertainment

Measures needed to preserve Nha Trang Bay corals

Swimming and diving have been banned in part of Nha Trang Bay, one of Vietnam’s most beautiful coastal destinations. The suspension is a result of concerns over damage to the coral reef.

Seven reasons behind mass resignation of medical workers

After six years of studying at university and 18 months of practicing, a doctor at a public hospital receives a salary and allowance of VND4.8 million. But the incomes of medical workers at private hospitals are 3-6 times higher.

High ranking official says Le Van Luong road is example of unreasonable planning

Deputy head of the Party Central Committee’s Economic Commission Nguyen Duy Hung said that Le Van Luong road in Hanoi is a typical example of bad planning. Floods and traffic jams often occur on the road.

Extension of Circular 14 unneccessary: insiders

The expiration of Circular 14 on debt rescheduling and interest rates reduction in late June is likely to expose banks to higher levels of non-performing loans (NPLs), yet insiders say it is unnecessary to extend it.

Smallest commercial bank in Vietnam may change hands

Petrolimex, the largest petroleum distributor, has got the nod from the State Bank of Vietnam (SBV) to divest from PG Bank. It now holds 120 million shares of the bank, or 40 percent of capital.

Vietnam targets to stay among the world’s top 10 farm produce processing hubs

The Government would push for greater mechanization in agricultural production.

Suburban real estate prices fall, investors suffer losses

The real estate prices in city neighborhoods have decreased, causing big losses to investors.

Big retail chains still trying to compete with traditional markets

Modern retail chains have been competing with traditional markets for 10 years. Despite powerful financial capability, they still have not been able to defeat traditional markets.

VN stocks could be in sweet spot as GDP growth surges, stronger growth forecast

The Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.

Indices fluctuate on mixed driving forces

Indices witnessed mixed performance on Thursday, as the uptrend was cushioned by many large-cap stocks, however, lingering selling pressure capped gains.

Textile-garment exports set to reach 43 billion USD this year: VITAS

Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD.

Petrol prices continue to drop sharply following latest adjustments

Petrol prices fell further from 3pm on July 21 after the latest review conducted by the Ministry of Industry and Trade and the Ministry of Finance.

Ha Long development faces serious subsidence

Hundreds of households in an urban area in Ha Long City in the northern coastal province of Quang Ninh are complaining about constant flooding.

Can Tho fosters tourism cooperation with Cambodia

Officials from the Mekong Delta city of Can Tho and Cambodia’s Ministry of Tourism discussed ways to further promote bilateral cooperation in fields where both sides have strengths, especially in tourism, at a working session in Can Tho on July 19.

Huynh Nhu among top six Asian stars set to shine at 2023 Women’s World Cup

The Asian Football Confederation (AFC) has named Vietnamese striker Huynh Nhu among the six leading Asian stars who are poised to have a huge impact at the upcoming 2023 FIFA Women's World Cup in Australia and New Zealand.

Canadian tourist falls to death from waterfall in Danang

A Canadian tourist fell to his death from a waterfall at the Ba La spring area in the central city of Danang yesterday afternoon, July 20, local authorities confirmed.

Airlines asked to stop quick check-in services

The Civil Aviation Authority of Vietnam (CAAV) has just asked local airlines to temporarily stop quick check-in services.

Vietnam, Indonesia seek to reach $15 billion in trade by 2028: Foreign ministers

Vietnamese Minister of Foreign Affairs Bui Thanh Son and Indonesian counterpart Retno Marsudi on Wednesday co-chaired the fourth meeting of the Joint Committee on Bilateral Cooperation held in Jakarta, Indonesia.

T-Ara set for Hanoi concert performance on July 24

Famous Korean band T-Ara is poised to return to Vietnam for a concert scheduled to take place in Hanoi on July 24.