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State-owned enterprises - good and bad

State-owned enterprises (SOEs) have not been able to fulfill their leading and motivating role in the economy and lack a strategic vision to develop and participate in global value chains.

US$1.5 billion needed for building Vietnam's container vessel fleet

Approximately $1.5 billion is needed to build new ships, purchase old ones, and rent and buy containers for Vietnam’s container vessel fleet, according to the Vietnam Logistics Business Association (VLA).

Culture and tourist park to be built on alluvial islet in Hanoi’s Red River

Hanoi plans to develop an alluvial islet amid the Red River into a cultural and tourist park in order to explore the potential and advantages of the natural beauty of the Red River.

Vietnam to strictly handle tax 'dodging' of cross-border platforms

Local tax authorities are closely monitoring activities and collecting cash flow data of cross-border platforms such as Facebook, Google, and YouTube, and strictly handling tax fraud.

Vietnamese scientist pursues doctoral study at world-renowned university

Before ‘settling down’ at Massachusetts Institute of Technology (MIT) in the US, Nguyen Minh Quang sought study and research opportunities in many different countries.

Starting the day with Phu Yen-style chicken rice

The chicken rice found in most eateries in the central coast province of Phu Yen is a favorite breakfast among the local fishermen.

American ex-teacher convicted of child sexual abuse against Vietnamese boys

US citizen and substitute teacher Paul Bodner was recently sentenced to 11 years for sexual abuse committed against Vietnamese boys in HCM City.

Trisedco aims at VND2.3 trillion revenue and VND150 billion profit in 2022

Despite the Covid-19 pandemic, the Travel Investment and Seafood Development Corporation (Trisedco) recorded impressive business results in the fiscal year 2021, with net revenue reaching nearly VND2,26 trillion, 107.62% higher than the plan.

VIETNAM NEWS HEADLINES APRIL 13

National Press Festival opens in Hanoi

IDI sets the highest growth target in its history in 2022

At the 2022 Annual General Meeting of Shareholders of the IDI International Development and Investment Corporation (IDI), held on April 10, 2022 shareholders voted to approve the company’s published reports and plans.

VIETNAM BUSINESS NEWS APRIL 13

Expanding foreign markets for Vietnamese goods

Omicron sub-variants BA.4 & BA.5 yet to be detected in Vietnam

Vietnam has yet to discover the emergence of BA.4 and BA.5 – the two sublineages of the Omicron variant following genome sequencing, the Ministry of Health said on April 12 evening.

Sao Mai Group’s shareholders approve bold targets for 2022

The Covid-19 pandemic ravaged the world economy last year and pushed many businesses to bankruptcy or dissolution. Sao Mai Group, at the same time, overcame this harsh test to get impressive business results.

Red River zoning opens the floodgates for real estate

The just-approved Red River urban zoning plan expects to open opportunities in Hanoi for developers and investors to set up projects to utilise tens of thousands of hectares of land along its banks, which has been exploited inefficiently for years.

The Guardian hails young Vietnamese art prodigy

British news outlet The Guardian has published an article on 14-year-old Vietnamese art prodigy Xeo Chu following comparisons with Jackson Pollock, an influential American painter.

Rising interest rates threaten economic recovery

The most important task for Vietnam in 2022 is supporting economic recovery. Policies need to be designed in a way to implement the task, and lending interest rates must not increase.

“Speak to Inspire, Vietnam” announces tournament champions

Following a three-month long nationwide contest, “Speak to Inspire, Vietnam”, the first English public speaking and debate competition in Vietnam, has unveiled its Top 15 tournament champions.

Vietnam’s e-learning market projected to hit US$3 billion by 2023

Vietnam’s e-learning market is expected to reach revenue of around US$3 billion by 2023 with a compound annual growth rate of about 20.2 per cent from 2019-23, according to a report by Ken Research.

Party gets tough on notorious graft scandals of public concern

The Political Bureau of the Communist Party of Vietnam has issued Conclusion No12 relating to the need to continue strengthening the Party’s leadership in the ongoing fight against corruption and other negative phenomena.

Hanoi to set up teams to catch stray dogs

Hanoi authorities have asked 579 communes, wards and towns for their team to catch stray dogs and cats as part of rabies prevention measures.