Official arrests, and strange rumors

While officials are being detained for investigation, false rumors are often disseminated. The Ministry of Public Security (MPS) has many times had to deny the rumors.

Petrol tax cuts: people await good news

The Ministry of Finance (MOF) has finally proposed a cut in luxury tax and VAT after advising that the environmental protection tax be cut to the floor level, to be applied from early August to the end of the year.

NTQ&TCS to support digital transformation in Vietnam’s BFSI industry

NTQ Solution and Tata Consultancy Services (TCS) have inked a partnership agreement to provide TCS BaNCS solutions to the Banking, Financial Services, and Insurance (BFSI) industry in Vietnam.

Ministry proposes to waive all tuition fees for secondary school students

The Ministry of Education and Training proposed to immediately implement the exemption of tuition fees for all secondary school students from the school year 2022 – 2023.

Lao Cai border gate shuts down due to Covid

The Kim Thanh II international border gate in the northern province of Lao Cai suspended import-export activities from today, July 4, after China discovered Vietnamese goods having the coronavirus.

Vietnam proposes measures to foster Mekong – Lancang cooperation

Vietnam attaches importance to the Mekong – Lancang Cooperation (MLC) and wishes to make a practical contribution to the mechanism to bring real benefits to the people.

Airlines instructed not to illegally raise prices over summer

The Civil Aviation Administration of Vietnam (CAAV) has called on airlines to well handle increased demand during the peak of summer.

European stakeholders' confidence in Vietnam's business environment slightly declines

European business stakeholders' confidence in Vietnam's investment environment declined slightly in the second quarter of this year, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham).

Hanoi to expand network of vending machines

Hanoi is installing vending machines in more public spaces to better serve consumers, Acting Director of the municipal Department of Industry and Trade Tran Thi Phuong Lan said.

President’s amnesty decision announced

The Presidential Office in coordination with relevant ministries and agencies held an international press conference in Hanoi on July 4 to announce the President’s amnesty decision on the occasion of National Day (September 2).

Efforts underway to rescue worker trapped inside Dien Bien hydropower tunnel

Rescue workers are battling to save a construction worker trapped for more than a day inside a water-logged hydropower tunnel in Nam Bo district, the northern mountainous province of Dien Bien.

Vietnam’s GDP growth estimated at 6.42% in H1/2022

Vietnam’s economy is estimated to grow by 6.42% in the first half of 2022, higher than expected, heard a Government teleconference on July 4.

Vietnam's tra fish exports to UK soar six-fold

Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed.

17 Vietnamese universities enter URAP rankings

The University Ranking by Academic Performance (URAP), a Turkish non-profit organisation, has honoured 17 Vietnamese universities for their outstanding academic performance globally in 2022.

PV Coating wins contract in Myanmar

PetroVietnam Coating JSC, a member of PetroVietnam Gas JSC, has won a contract to coat a 14-inch, 9.5km-long marine pipeline using anti-corrosion method and reinforced concrete as part of a mining project run by Thailand's PTTEP Group in Myanmar.

New principles deployed for policy funding

The government is boosting the implementation of a gigantic package on supporting enterprises and people to achieve a new growth goal, with a plan to source sufficient funding for the policy.

Rustic specialty of Nghe An with a unique flavor

Grilled trich (Sardinella) fish over hot charcoal is a specialty of Nghe An Province, boasting of a special flavor that is hard to find elsewhere.

Hanoi develops 40 sq m apartments, rebuilds 10 apartment blocks in center

Hanoi plans to develop 19.69 million sq m of commercial housing floor area and apartments with a minimum area of 40 sq m, according to its draft housing development program for 2021-2030.

Real estate credit: tightening may cause stagnation, pressure on inflation

The draft circular amending several articles of Circular 39 prescribing lending transactions of credit institutions and/or foreign bank branches has raised concern about the congestion of capital flow into the real estate sector and high inflation.

VIETNAM NEWS HEADLINES JULY 4

Gov’t examines gains in H1, identifies solutions for H2

Vietnam among world's worst performing stock markets in first half

In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets.

Vietnam, Thailand to soon resume commercial flights

Vietnam and Thailand should soon restore commercial flights and open new routes to facilitate tourism and trade cooperation between the two countries.

VIETNAM BUSINESS NEWS JULY 4

Vietsovpetro launches two support sets of Dragon oilfield

New milestone in Vietnam’s relations with Hungary, UK

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership.

Vietnam remains among major global production facilities

The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million.