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VIETNAM BUSINESS NEWS MAY 20

CPTPP helps leverage Vietnam-Australia investment cooperation

FDI quality in need of fresh policy boost

Despite good performance in foreign investment attraction over the past year, the number of high-tech projects from developed countries investing in Vietnam is modest as compared to the incentives set forth.

VIETNAM NEWS HEADLINES MAY 20

Singapore parliament speaker wraps up visit to Vietnam

HCM City to launch Saigon River cruise

Ho Chi Minh City Department of Tourism is planning to launch a three-hour cruise tour along the Saigon River that is expected to be among key tourism products in the area this year.

Online gambling results in huge losses for many players

Online gambling is increasing, with many websites allowing players to place bets. Such gambling has led to real life tragedies.

An unusual cemetery where pets can be remembered

Thousands of pets have been laid to rest in the burial ground of Tề Đồng Vật Ngã Pagoda. Founded 50 years ago, it is a peaceful place in downtown Hanoi where animal lovers can pay their last respects to their beloved pets.

Hanoi examines, revokes pending projects

Hanoi needs to remove barriers and obstacles preventing growth.

Trade remedies to Thai sugar boost domestic recovery

After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Viet Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar.

Where to go and what to do in Hanoi for locals and tourists?

Famous tourist attractions in Hanoi and tours between the capital city and neighboring provinces will help turn the visits on the occasion of the 31st SEA Games into memorable experiences.

Lowering logistics costs key to competitiveness

Lowering logistics costs is key to increasing the competitiveness of Vietnam’s export products and the whole economy.

Banks urged to ‘sacrifice’ profit to rescue businesses

Many commercial banks have set high profit targets, which makes it difficult to reduce lending interest rates. However, there is still room for banks to cut interest rates if they can accept lower profits.

Vietnam eyes 15-day visa exemption from Russia

Vietnam's Trade Counsellor in Russia Duong Hoang Minh has proposed the Russian Government consider exempting visas for Vietnamese tourists for 15 days, in the context that it has exempted visas for visitors from Laos and Thailand for 30 days.

Pets banned on Hanoi pedestrian street

The walking of pets on Hoan Kiem pedestrian area in Hanoi will be entirely banned from May 27.

Doctors warn of ‘precocious puberty’ condition and parents’ misuse of medicine

Since 2003, nearly 3,000 children have been brought to the National Children’s Hospital to receive treatment related to precocious puberty, according to Nguyen Ngoc Khanh of the hospital’s Department of Endocrinology - Metabolism - Genetics.

31ST SEA GAMES: UPDATES MAY 20

SEA Games 31: Swimmer Nguyen Huy Hoang shines with two more golds for Vietnam on May 19

USAID helps ease congestion at Cat Lai container port

The USAID and the General Department of Vietnam Customs unveiled an action plan comprising of 21 solutions aimed at improving the operational efficiency of Cat Lai container port, during a workshop held on May 19 in HCM City.

Former Deputy Health Minister gets four years in jail in fake medicine case

Former Deputy Health Minister Truong Quoc Cuong was given four years in jail in the first-instance trial of the case relating to the trading of counterfeit medicine labelled as Health 2000 Canada.

HCM City real estate: more high-end property, but fewer affordable products

For high-end large-scale projects and developers with projects that need to borrow capital, HCM City People’s Committee believes that it’s necessary to strengthen supervision over the granting of credit.

Korea resumes granting visas to Vietnamese tourists

The Republic Korea (RoK)’s Ministry of Justice announced on May 19 the issuance of tourist visas for international travelers, including Vietnamese visitors.

SSC officials disciplined in move to ‘clean’ the stock market

The Central Inspection Commission has announced the expulsion of Le Hai Tra, General Director of the HCM City Stock Exchange (HOSE), and has disciplined a number of leaders and former leaders of the State Securities Commission (SSC).