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Vietnam likely to host Formula 1 race

Vietnam and South Africa have emerged as strong candidates to be added to the 2024 Formula One World Championship calendar.

VIETNAM NEWS HEADLINES APRIL 11/2023

NA to open fifth plenary session on May 22

Quang Ninh retains top position in Vietnam PCI ranking

The northern province of Quang Ninh has maintained its leading position in terms of excellent economic management quality in Vietnam, according to the provincial competitiveness index (PCI) ranking as announced on April 11 by VCCI.

Quang Tri expands area of medicinal plants

Recently, medicinal plants have been opening new directions to help people in the mountainous areas of Quang Tri province improve their livings.

VN's plan to have 1.5mil enterprises by 2025 requires policy breakthroughs

The Government’s Resolution on implementing a Party’s Resolution on the promotion of the private economic sector set a target of having about 1.5 million enterprises by 2025 and, according to experts, this requires breakthroughs in policies.

Capital region to house second airport

The Ministry of Transport will sketch out a planning scheme on the second airport in the capital region for 2026-2030, and submit it to the Prime Minister for approval.

Cruise tourism – ‘gold mine’ for Vietnam to tap into

Vietnam witnessed an significant increase in the number of international tourist arrivals by sea in the first quarter of 2023, showing that cruise tourism has great potential for further development in the Southeast Asian nation.

Online threats in Vietnam plummets

There are positive changes in Viet Nam’s cybersecurity posture, according to the latest report by the global cybersecurity company Kaspersky.

Corporate bond trading system put in place from June 16

The Minister of Finance has directed the HCM Stock Exchange to urgently build and implement a separate corporate bond trading system from June 16 this year to develop a transparent secondary market and increase liquidity for corporate bonds.

Multiple businesses forced to delist on HoSE

The HCM Stock Exchange (HoSE) has sent a document to a series of businesses requesting they delist their shares on the HoSE due to having suffered losses for three consecutive years.

Floor airfares undermines competition, insiders say

Imposing a floor fare for domestic airline tickets would undermine competition in the aviation industry and affect the recovery of the air transport market, insiders have warned.

Finance Ministry proposes VAT reduction to 8% to boost economy

Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.

Vietnam’s non-life insurance market continues to lure foreign capital

Viet Nam’s non-life insurance market has continued to attract foreign investors in the first months of this year.

Styrofoam waste pollutes Ha Long Bay

Styrofoam debris seen floating in Ha Long Bay after illegal aquaculture cages dismantled

Difficulties encircle the Vietnamese automobile industry

Automobile manufacturers have once again proposed an extension of the luxury tax payment deadline and 50 percent vehicle registration tax cut for domestically assembled cars.

Beverage tycoon, daughters prosecuted for asset misappropriation fraud

Tran Qui Thanh, the Chairman of Vietnam’s largest private beverage company Tan Hiep Phat, along with one of his daughter Tran Uyen Phuong, have been arrested in the southern province of Binh Duong on Monday.

President holds talks with Party General Secretary, President of Laos

President Vo Van Thuong and Party General Secretary and President of Laos Thongloun Sisoulith held talks in Vientiane on April 10 following a welcome ceremony for the former earlier the same day.

Vietnam, US to exhibit war remediation efforts in HCM City

The US Agency for International Development (USAID) and the War Remnants Museum signed a Memorandum of Understanding (MoU) on cooperation in showcasing efforts to remedy war consequences in Ho Chi Minh City on April 10.

Vietnam sees farming revolution, exports high-quality rice

Anticipating that rice yield and output are nearly hitting the ceiling, Vietnam is preparing for a revolution in rice farming, striving for 1 million hectares of high-quality rice.

Vietnam’s electronic enterprises at bottom of 'smile' curve

Vietnamese electronic enterprises are often associated with production and assembly, while more important and valuable stages, such as research and development (R&D), design and logistics, are undertaken by foreign enterprises.