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Prime Minister chairs national tourism conference

Prime Minister Pham Minh Chinh chaired an online national conference on tourism on March 15, which is aimed at accelerating recovery and development of the sector.

More than 410km of North-South expressway to be completed in 2023

Seven North-South expressway component projects with a total length of about 411.6km will be completed and put into operation this year, according to the Ministry of Transport.

VN central bank inspects 11 banks' investments in corporate bonds

State Bank of Vietnam (SBV) has taken unannounced inspection tours to 11 commercial banks and imposed sanctions on banks violating regulations on investment in corporate bonds.

Vietnam's hotels recovering from pandemic but still face challenges: Savills

Vietnam’s hotel industry has been slower to bounce back from the COVID-19 pandemic than that of other countries due to a series of factors, including strong reliance on the Chinese market and a large pipeline of hotels.

Wholesale action set for export gain

As growing risks in the global market are posing challenges for Vietnam to maintain its growth prospects at a high level and realise its big export target this year, the government has requested new measures to bring the situation under control.

Hectic preparations are made to receive Chinese travelers

Vietnamese travel firms say partners have begun contacting them to ask for information about tours after China announced the resumption of group tours to Vietnam beginning March 15.

Vietnam’s regulatory interest rates to be reduced by 0.5-1% from March 15: SBV

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Vietnam's resort real estate anticipates recovery this year

Vietnam's resort real estate sector is set to see a fresh recovery as many foreign funds and investors are seeking suitable investment products, said experts from the real estate agency Savills Vietnam.

Mobile operators to terminate services to subscribers with false information

Mobile operators have the right to terminate service to subscribers with incorrect information from March 31.

22 banks ease interest rates, BIDV leads in outstanding loans

BIDV, VietinBank and Vietcombank, the three banks out of the ‘big four’, are leading in capital mobilization and lending, according to the State Bank of Vietnam (SBV).

Not only teachers but also doctors quit jobs

Not only teachers but also doctors quit their jobs. According to the Ministry of Health's statistics, over the past time, more than 12,000 health workers decided to quit working in public healthcare facilities.

Hotels in Hanoi's Old Quarter up for sale amid low occupancy rates

Privately owned hotels in the Old Quarter in Hanoi worth hundreds of billions of dong are seeking buyers.

Hill still to climb for industrial production targets to be met

Vietnam’s industrial production is faced with high problems caused by a rise in costs and material shortages, which are undermining the country’s economic outlook.

A dish to try beef-ore you go, Buon Ma Thuot’s famous beef in tamarind sauce

Many restaurant owners claim that the dish’s fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.

Chinese reopening and global fuel price strife to influence CPI

A continued hike in fuel prices partly following China’s ongoing economic recovery is expected to cause pressure on Vietnam’s efforts to rein in inflation this year.

Top business stories (March 6-12/2023)

The price of building materials has been increasing since the beginning of the year despite weak demand and a gloomy real estate market.

Heroic Gac Ma soldier recalls battle in 1988

Thoa, who joined the national army when he turned 17, became a non-commissioned officer of Squadron 1, Navy Brigade 125, which was based at Tân Cảng, HCMC City. He was tasked with repairing machinery on ship HQ 602.

CMC TS and CMC Global achieve Analytics on Microsoft Azure Specialization

CMC TS and CMC Global have announced to get the Analytics on Microsoft Azure Specialization.

VIETNAM BUSINESS NEWS MARCH 14/2023

Domestic steel enterprises suffer falling demand

Central Retail poised to acquire big Vietnamese retailers

Central Retail is one of the big players in the retail industry willing to spend big money to buy retail empires. Rumor has it that it is negotiating to acquire a large shopping mall chain in Vietnam.