Vietnam’s attraction of next generation of foreign direct investment in high value-added sectors should be proactively, rather than retroactively, sourced to sustain the nation’s socioeconomic development and competitiveness.

 Vemanti Group, Inc., a technology-driven holding company, has entered into a definitive agreement to take 20% equity interest in eLoan JSC (eLoan), a Ho Chi Minh City-based fintech company. The deal’s value has yet to be disclosed.

 Mumuso is facing a fine of VND100 million (US$4,440) by the Ministry of Industry and Trade (MoIT) due to the company’s unlawful practice of deliberately misleading consumers as to the origin of its goods or providing insufficient information.

 Despite recent drops in the VN-Index, Vietnam is still seen as a major destination for mergers and acquisitions in Asia.

The northern region of Vietnam has been forecasted to see heavy rains which can cause more floods after July 24. 

The Ho Chi Minh City summer camp for Overseas Vietnamese (OVs) youths opened on July 23 with the participation of 60 young expats from 10 countries worldwide.

A passenger has been fined VND15m (USD644) after hitting a Jetstar Pacific flight attendant before the take off of a Vinh-HCM City flight. 

According to Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), around 1.2 million enterprises have been set up in Vietnam so far. However, only 640,000 of those are operating, with 60% reporting no profits. 

 Viet Nam recorded a high trade surplus in the first half of the year, according to the General Department of Customs.

 The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market.

Viet Nam’s motorcycle market has been rapidly growing in recent years, bucking expectations that it would enter a saturation stage, as consumption shifts from semi-automatic motorbikes to scooters and from widely popular scooters to luxury vehicles.

The major battle among e-commerce firms is quietly occurring in their warehouses.

Mother nature offers people flowers as a gift to make their life more beautiful and fresh. Naturally, flowers bloom and fade over time. 

 Titled “The gratefulness”, the exhibition marks the 71st anniversary of the War Invalids and Martyrs’ Day, on July 27th.

 The State Bank of Vietnam’s revision of the USD selling price up to 23,273 VND on July 23, a strong increase from the rate it had kept from the month’s beginning, is a move suitable with domestic and foreign markets.

Cigarette smuggling has caused a loss of thousands of billions of Vietnamese dong each year for the State, according to figures released by the Vietnam Tobacco Association at a symposium held on July 23.

 Gender violence should receive more media coverage to ensure women and children are brave enough to speak up to prevent domestic violence, said a gender expert from Care International in Vietnam.

 The fifth Ho Chi Minh City International Traditional Martial Arts Festival began at the sports centre of District 7 on July 23, attracting more than 1,800 martial artists from Vietnam and abroad.

 The Bank for Investment and Cooperation of Vietnam (BIDV) and four banks of Japan’s Resona Group have signed a cooperation agreement on supporting Japanese firms in Vietnam. 

 More than 120 students and 15 lecturers working at domestic and foreign institutions are joining the 6th Vietnam Summer School of Science (VSSS) which opened in the central coastal province of Binh Dinh on July 23.