Vietnam Business News April 24/2024

HCM City seeks to draw remittances in infrastructure

Vietnam urged to build legal corridor for AI industry

Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam on April 23 took some moves in the inter-bank market in the face of surging USD/VND exchange rates.

Vietnam lose to Uzbekistan in last group match; face Iraq in the quarters

Vietnam lost 0-3 to Uzbekistan in the final match of Group D in the 2024 AFC U23 Asian Cup.

Vietnam joins ASEAN Film Festival in London

Vietnamese film “Story of Pao” by director Ngo Quang Hai will be shown at the ASEAN Film Festival 2024 which opened in London on the night of April 22.

Ministry orders solutions to ensure information security

The Ministry of Information and Communications has requested organisations, and enterprises to take measures to ensure cybersecurity during the celebration of the upcoming holiday.

Businesses concerned about rising exchange rate pressure

Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.

Central bank successfully auctions 3,400 taels of SJC-branded gold bars

The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

Art programme highlights significance of Dien Bien Phu Victory

The event was attended by Minister of National Defence Phan Van Giang, Minister of Foreign Affairs Bui Thanh Son and Minister of Information and Communications Nguyen Manh Hung, among others.

Vietnam’s economy shows gradual recovery: WB’s report

Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.

Hanoi to let off fireworks on Capital Liberation Day

Fireworks are set to illuminate the skies over six venues across the capital from 9 p.m. to 9:15 p.m. on October 10 as a way of marking its 70th Liberation Day, as decided on April 23 by the Hanoi Municipal People’s Committee.

AFC praises coach Tuan’s tactics as Vietnam enter U23 Asian Cup’s quarterfinals

The Asian Football Confederation (AFC) has offered plenty of compliments to head coach Hoang Anh Tuan following the impressive performances put in by Vietnam’s U23 squad at the AFC U23 Asian Cup 2024.

Capital shortage - headache for construction firms

Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.

ASEAN Future Forum 2024 looks to ensure comprehensive security for community

The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.

Serene beauty of La Ngau Stream in Binh Thuan

La Ngau Stream has emerged as a captivating destination for tourists for its poetic and wild landscape, evoking a sense of peace and providing fresh air straight from its own pure essence.

PM raises proposals for ASEAN to become global digital transformation model

Prime Minister Pham Minh Chinh on April 23 proposed breakthrough orientations to make ASEAN a model in digital transformation globally, while co-chairing a business roundtable with his Lao counterpart Sonexay Siphandone in Hanoi.

Vietnam has opportunities to supply workforce for semiconductor industry

The semiconductor industry is struggling with a serious shortage of workers, offering a great opportunity to Vietnam.

Tourists flock to Dien Bien Phu relic site

Thousands of people have been paying visits to Dien Bien Phu City to commemorate the Dien Bien Phu Victory, a prominent triumph during the country’s resistance war against French colonialists.

Data sharing crucial for smart city development

Deputy Minister of Information and Communications Pham Duc Long said the decisive factor for smart city development will be data sharing.

Ninh Thuan to turn 2,800 hours of sunshine a year into renewable energy

Ninh Thuan, which has 2,800 hours of sunshine a year, plans to develop power projects using renewable energy.

Vietnam Business News April 23/2024

High coffee prices result in difficulties for the industry

Nha Trang has great potential, but overexploitation hinders development

This year, Nha Trang celebrates its 100th anniversary of the city's establishment. It has had great opportunities over the years but today faces unprecedented challenges.

VN successfully stops 30,000 websites with harmful content aiming at children

The Ministry of Public Security yesterday held a seminar in Hanoi about protecting children in cyberspace.

Vietnam News Headlines April 23/2024

Party official demands full action to remove ‘yellow card’ warning

11 Vietnam startups valued at over $100 million each

The 11 largest-scale startups out of the total of 3,800 innovation startups in Vietnam are valued at $100 million each.

Masan completes 250-million-USD investment deal with Bain Capital

Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.