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VIETNAM BUSINESS NEWS APRIL 4/2023

HoREA proposes credits for real estate firms to pay for maturing bonds

President Vo Van Thuong welcomes Governor-General of Australia David Hurley

Vietnamese President Vo Van Thuong and his spouse this morning welcomed Governor-General of Australia David Hurley, the Governor-General’s wife and a high-ranking delegation of Australia on their state-level visit to Vietnam.

Vietnam, Australia utilise FTAs to boost economic and trade co-operation

Vietnamese and Australian businesses have been advised to maximise incentives of free trade agreement (FTAs) in a bid to increase investment and ramp up economic and trade co-operation moving forward, according to insiders.

Two local and international beauty pageants launched in Vietnam

Miss Grand Vietnam and Miss Grand International 2023 were officially launched at a press conference held on April 3 in Ho Chi Minh City, with the event featuring the presence of Isabella Menin, Miss Grand Slam 2022.

ADB anticipates economic growth of 6.5% for Vietnam in 2023

The nation’s economic growth is forecast to decrease slightly at 6.5% this year before rising to 6.8% next year, according to the “Asian Development Outlook” report released by the Asian Development Bank (ADB) on April 4.

Vietnam wins three golds at Cambodia Kun Bokator National Championship

Local martial artists bagged a total of three gold, three silver, and three bronze medals, thereby ranking second in the medal tally at Cambodia Kun Bokator National Championship which concluded on April 3 in the Cambodian capital of Phnom Penh.

Quang Liem suffers failure in quarter finals of Champions Chess Tour

Vietnamese Grandmaster Le Quang Liem suffered a loss after being beaten by Italian and American chess grandmaster Fabiano Caruana at the quarterfinals of the ongoing Champions Chess Tour on April 4.

VN central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

The 300-year-old pagoda with Asia’s longest Reclining Buddha statue

Containing not only the longest statue of Buddha in Nirvana on the roof in Asia, Hoi Khanh pagoda also has relics related to the father of President Ho Chi Minh.

From May 15, all visitors to Hoi An must buy entrance tickets

According to the latest decision of the authorities of Hoi An, starting from May 15, all domestic and international tourists to the ancient town must buy entrance tickets.

Hanoi Opera House to close for one year-long renovation

Hanoi Opera House will close to the public for a year as it undergoes renovation, the theater’s director Nguyen Thi Minh Nguyet said on April 3.

Vietnam to expand petroleum stockpiles to 75-80 days of net imports

Most of the $11.5 billion required to build the petroleum reserve infrastructure system by 2030 will come from outside the federal budget.

EVN loses more than $1.12 billion

Electricity of Vietnam (EVN) lost more than $1.12 billion in 2022. The Ministry of Industry and Trade (MoIT) presented the findings of its investigation of EVN's power output and business expenses during a press conference on March 31.

VIETNAM NEWS HEADLINES APRIL 4/2023

PM urges greater efforts to maintain growth, inflation targets in 2023

Million USD hospital project abandoned in Hanoi

A US$50 million international hospital project located in Cau Giay District, Hanoi, has remained idle for 26 years while the city is in need of many more medical facilities.

Vietnam told to stick to 6.5% GDP target amid mounting pressure

The Ministry of Planning and Investment (MPI) has developed two scenarios for the Vietnamese economy this year and suggested that the government keeps to the 6.5% GDP growth target despite mounting pressure from outside.

Vietnam, Germany hold 7th Vice Ministerial Strategic Dialogue

Deputy FM Le Thi Thu Hang affirmed that Vietnam always attaches importance to the strategic partnership with Germany.

PM okays plan to build 1 million apartments for VN low income earners

The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.

Vietnam to downsize delegation to SEA Games 32

The Sports Administration of Vietnam is considering reducing the number of delegate members to the upcoming SEA Games 32 in Cambodia by 20% due to financial problems.

Ministry urges close watch on rice market as Indonesia to import 2mil. tons

The ministry urged domestic rice companies to increase promotions to take the opportunity from Indonesia’s import plan and boost exports into this market.