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Vietnam Business News July 29/2024

Market expected to accumulate and recover, pushing VN-Index towards 1,260 points

Stock market experiences stormy week, but investors are optimistic

The stock market last week witnessed considerable upheavals, with real estate shares under pressure, while bank shares weathered the storm to support the market.

What if offshore wind-power electricity prices higher than EVN’s selling prices?

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Trade measures needed to save domestic steel industry: experts

Appropriate and timely trade measures, following Vietnam's and World Trade Organisation (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production.

Education expert says retreat courses do not change children’s behavior

Parents should not entertain any illusion that children’s values, habits and behaviors can take shape just after several days of sitting and listening to monks preaching, reciting prayers, and practicing meditation.

Foreign investors’ confidence in Vietnam remains strong

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

Vietnamese female boxer advances to 2nd qualification round at Paris Olympics

Vietnamese female boxer Ha Thi Linh advanced to the second qualification round of the U60kg category after a decisive win over Feofaaki Epenisa from Tonga late July 27 at the Paris 2024 Olympics.

Kon Tum province shaken by 13 consecutive earthquakes on July 28

Up to 13 consecutive earthquakes with focal depths of about 8.1-10 kilometres were reported in Kon Plong district of the Central Highlands province of Kon Tum on July 28 with no damage recorded.

GM Le Quang Liem tops Biel Chess Festival third time in a row

Grandmaster Le Quang Liem has won his third Biel International Chess Festival's Masters Triathlon title with a round to spare in Biel, Switzerland.

2G cessation: Many people don't want to give up old-generation feature phones

After September 16, 2G subscribers in Vietnam will no longer receive services, but many Vietnamese are reluctant to give up their old-generation phones.

Poor student graduates university as valedictorian, wins doctoral scholarship

Nguyen Thi Kim Hoa, the top graduate of Hanoi University and the winner of a doctoral scholarship, said she worked to gain her achievements to repay her mother’s sacrifices for her.

Listed companies report profit increases of thousands of percent

Many businesses have reported impressive business results in the second quarter of 2024 with a profit growth rate of up to thousands of percent. A power company, for example, saw 5,500 percent growth in the last two quarters.

Khanh Hoa Vice Chair reveals strategies for economic resurgence and green growth

After two challenging years, Khanh Hoa has rebounded to the top ranks in economic growth. Vice Chairman Tran Hoa Nam shares insights on the province's strategies for overcoming economic challenges and embracing green development.

Vietnam releases stamp series highlighting ceramic national treasures

Continuing the celebration and promotion of Vietnam's unique cultural heritage, the Ministry of Information and Communications and Vietnam Post have released a new stamp collection titled "National Treasures (Part 3): Ceramics" on July 28.

Lush green Ta Xua meadows, a mini Switzerland near Hanoi

Located approximately 250km from Hanoi, the Ta Xua Meadows in Son La have been dubbed "heaven on earth" due to their stunning natural beauty and cool weather. Social media is abuzz with images likened to a miniature Switzerland.

Vietnam's Trinh Thu Vinh narrowly misses out on Olympic medal

Vietnam's top medal hope, Trinh Thu Vinh, finished fourth in the women's 10m air pistol final at the 2024 Paris Olympics, narrowly missing out on a podium spot.

Up to 300mm of rain expected in Northern Vietnam amid flood warnings

Northern Vietnam is set to experience widespread heavy rainfall from the night of July 28th until July 31st, with some areas expecting up to 300mm of rain, raising concerns about potential floods, landslides, and inundation.

Vietnam's Pham Thi Hue qualifies for rowing quarterfinals in Paris

In her Olympic debut, Pham Thi Hue from Vietnam has successfully progressed to the quarterfinals of the women's heavyweight single sculls rowing event at the Paris 2024 Games.

Floods submerge Hanoi suburbs for three days, residents use boats for travel

Several communes in Quoc Oai district, Hanoi, have been underwater for three days, forcing residents to adapt to a new mode of living amid flood conditions.

Rail service disrupted as North-South train derails near Hai Van Pass

The SE11 train, traveling from Hanoi to Ho Chi Minh City, derailed near Hai Van Pass in Thua Thien Hue, causing a significant disruption to the North-South railway line.