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Vietnam Business News October 18/2024

Bình Dương pilots free trade zones

Vietnam welcomes largest group of Peace Corps volunteers in programme history

They will work alongside local teachers to develop Vietnamese students’ English skills, creating greater access to educational and employment opportunities.

Miss Grand Vietnam charms audience with Vietnamese song and ao yem attire

Vo Le Que Anh, representing Vietnam at Miss Grand International, gracefully donned a traditional ao yem and sang 'Dat Nuoc Loi Ru' during the Grand Voice competition.

AI-driven phishing scam puts Gmail users at risk worldwide

The Vietnam Cyber Emergency Response Center has issued a warning about a sophisticated new form of phishing that uses AI and spoofing technology to steal Gmail login information.

Explore the magic of Southern Phu Quoc: Your ultimate festive guide

Southern Phu Quoc is quickly becoming a must-visit destination, offering a perfect blend of breathtaking beaches, world-class resorts, and exciting entertainment all year long.

Do Van Chien re-elected as Chairman of the Vietnam Fatherland Front

The 10th Congress of the Vietnam Fatherland Front concluded with Do Van Chien's re-election as Chairman, reinforcing leadership continuity for the 2024-2029 term.

Education Minister addresses concerns over maintaining university tuition fees

The Ministry of Education and Training addresses concerns from voters about maintaining stable tuition fees, citing budget cuts and new regulations.

Vietnam News Headlines October 18/2024

Sleeper bus burns down to frame, passengers manage to escape

Vietnam’s retail sector faces rising ransomware threats

With nearly 2.2 TB of data encrypted by ransomware, Vietnam’s retail sector has become one of the most targeted industries in the country in 2024, prompting urgent discussions on cybersecurity measures.

Vietnam’s motorbike market flourishes in Q3

Honda continues to maintain its dominant position in the market with sales of 554,805 motorbikes in the third quarter of this year, equivalent to an 80.8 per cent market share.

Top legislators of Vietnam and Laos hold talks in Vientiane

National Assembly Chairman Tran Thanh Man and his Lao counterpart Saysomphone Phomvihane held talks in Vientiane on October 17 immediately after a welcome ceremony for the top Vietnamese legislator.

Loc Troi appoints new CEO following legal disputes involving former CEO

Loc Troi Group has appointed Nguyen Tan Hoang as the new CEO following legal issues surrounding the company’s former CEO, Nguyen Duy Thuan. The company's shares have seen significant drops amid these developments.

Japan's total ODA loans to Vietnam reach highest level in six years

Japan signed loan agreements with Vietnam totalling JPY102.2 billion (approximately US$678 million), marking the highest amount since 2017, during the Japanese financial year from April last year to March this year.

Vietnam among top 20 countries for global travelers

Vietnam has been voted as one the 20 best countries favoured by global travelers in 2024 by the renowned US travel magazine Condé Nast Traveler.

Van Thinh Phat chair given life sentence in second phase of embezzlement case

After nearly a month of trial, the Ho Chi Minh City People’s Court on October 17 announced its verdict in the second phase of the case involving property developer Van Thinh Phat Group and Saigon Joint Stock Commercial Bank (SCB).

Deputy Governor denies claims of $595.18 billion remaining in banks

The State Bank of Vietnam has confirmed that banks have fully lent out the VND 14.5 quadrillion (over $595 billion) mobilized, with new credit packages in development for key sectors such as agriculture and social housing.

ASEAN’s economy set to become the world’s 4th largest by 2030

ASEAN’s GDP growth and rising FDI make it one of the fastest-growing regions globally, with the digital economy expected to drive the region to $2 trillion by 2030.

Why e-commerce platforms are opposing tax filing requirements for sellers?

The Vietnam E-commerce Association has expressed strong opposition to new tax regulations, arguing that platforms lack the expertise and infrastructure to take on such responsibilities.

Ho Chi Minh City introduces landmark pedestrian bridge across Saigon River

Ho Chi Minh City’s upcoming pedestrian bridge, shaped like a nipa palm leaf, will link District 1 and Thu Duc City, marking a new architectural icon for the city.

Special mechanisms proposed for the North-South high-speed railway project

Experts recommend special policies for the North-South high-speed railway project, emphasizing the role of domestic contractors and a focus on maintaining sufficient funding.