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Vietnam Airlines Corporation reports profit in Q1/2024

Vietnam Airlines Corporation reported after-tax profit of 4.44 trillion VND (173.19 million USD) in the first quarter of 2024 as it is strengthening its international flights and restructuring.

Nha Toi Quan aspires to be global IT service developer

Ten years ago, at Nha Toi Quan (My Home Restaurant), a restaurant in Hanoi, five IT engineers gathered together and talked about plans to set themselves up in business.

VN’s low investment in technology leaves it lagging behind: experts

The ratio of Vietnam’s investment in technology to GDP remains modest, which makes it difficult for the country to keep pace with the world, experts say.

Over 1,200 houses lose roofs as thunderstorms hit northern region

A local resident was killed by lightning and over 1,200 houses were unroofed after thunderstorms slammed into the northern mountainous provinces of Lao Cai, Yen Bai, Bac Kan, and Tuyen Quang from April 30 to May 1.

Local designer promotes Ao Dai at Bangkok Kid International Fashion Week

Renowned local designer Chau Loan unveiled her latest Ao Dai (traditional long dress) collection to those in attendance at Bangkok Kid International Fashion Week (BKIFW) which recently took place in Thailand.

Vietnam launches new freight rail route to China

A 12-carriage freight train set off on a new route from Cao Xa railway station in northern Hai Duong province on May 2, linking between Vietnam and China.

More severe heat waves to be expected in May, says meteorologist

Vietnam is expected to brace for more severe heat waves in May due to the strong expansion of the western warm air, according to a national meteorologist.

Alibaba to build data centre in Vietnam

Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.

HCM City launches international photo contest

Vietnamese and foreign photographers, both amateurs and professionals, are encouraged to take part in the third HCM City International Photography Contest.

Stock market upgrade to help Vietnam lure another 10 bln USD in investment

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

Vietnamese-origin director to join jury of Shanghai Int'l Film Festival

The 2024 Shanghai International Film Festival organising board recently announced that Vietnamese-French director and scriptwriter Tran Anh Hung will serve as the jury president of the festival's Golden Goblet Awards.

Vietnam Business News May 2/2024

Digital transformation – optimal choice for Vietnamese garment & textile firms

Hanoi's logistics industry development fails to meet potential

The development of Hanoi's logistics sector has failed to meet its full potential despite the city's favourable geographic location as the heart of the northern key economic region.

Demand for prime retail space on the rise in HCM City’s downtown

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.

15th NA deputy to face legal proceedings

The National Assembly (NA) Standing Committee has issued a resolution on launching legal proceedings against, detaining, and searching residences and workplace of Duong Van Thai, member of the 15th legislature.

Theatre star Luan introduces new style of cải lương

Cải lương (reformed opera) star Vu Luan of HCM City will attend the first National Theatre Festival for Children and Teenagers in Hai Phong City from May 13-20.

Vietnam posts 271.4 trillion VND in four-month tourism revenue

Vietnam’s tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year, earning 271.4 trillion VND (nearly 10.7 billion USD) in revenue.

Mangrove forests can yield high volume of blue carbon credits

One hectare of mangrove forest has a carbon absorption capability five times higher than one hectare of terrestrial forests. This is an important source of blue carbon credits, a high-end, very valuable product from nature.

Holiday tourism generates VND3.2 trillion in revenue for HCM City

Tourism revenue in HCMC during the Reunification Day (April 30) and International Labor Day (May 1) holiday grew 3.4% against the year earlier to an estimated VND3.2 trillion, according to the HCMC Department of Tourism.

Vietnam News Headlines May 2/2024

15th legislature to convene 7th extraordinary meeting on May 2