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VIETNAM BUSINESS NEWS FEBRUARY 7/2023

Vietnam sets 2023 export target of US$394 billion

Trade ministry to support enterprises in boosting exports

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.

Vietnam's textile industry faces headwinds in 2023 after poor results in Q4

After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first months of 2022.

AIS deals with 1,234 cyberattacks in Vietnam in January

The number of cyberattacks on information systems in Vietnam was 1,383 in Jan 2022 and 982 in December 2022.

Pilots from 10 countries compete at Kon Tum paragliding tournament

Nearly 120 pilots from Vietnam and 9 other countries competed in the Kon Tum Open Paragliding Tournament in Kon Tum Province on February 2-5.

Vietnam to compete in 2023 Asian Cup in early 2024

The Vietnamese national men’s football team are set to compete in the finals of the 2023 Asian Football Confederation (AFC) Asian Cup which is scheduled to get underway in Qatar in January, 2024.

Bilingual book on nine national treasures of Vietnam launched

The book will help readers learn about Vietnamese fine arts and the Vietnam Fine Arts Museum collection in particular.

VIETNAM NEWS HEADLINES FEBRUARY 7/2023

Vietnamese included in Ulsan city’s multilingual e-newspaper

Vietnam spends US$1 billion importing cashew nuts from Cambodia

Cambodia exported a total of 670,000 tonnes of raw cashew nuts worth US$1.07 billion last year to the international market, with 98.5% of its raw cashew nuts worth US$1 billion being shipped to Vietnam.

Average electricity retail price bracket increases

Compared to the previous bracket, which has been applied since 2017, the floor price increased by VND220 and the ceiling price by VND538 per kWh.

Van Toan joins Korean football club Seoul E-Land FC

Vietnamese striker Nguyen Van Toan travelled to the Republic of Korea on February 5 as he prepares to make his debut for his new side Seoul E-Land FC.

HCM City: second-home owners may bear registration tax up to VND1 billion

The HCM City People’s Committee has consulted with the Ministry of Planning and Investment (MPI) on the draft of a resolution to replace the National Assembly’s Resolution 54/2017/Wh14 on policies to create momentum for the city development.

Time for customs clearance to be cut by 10% from this year

The General Department of Vietnam Customs has set administrative reform targets to simplify customs procedures, including reducing the time for customs clearance and goods release by 10%,

Vietnam reaffirms support for UN Secretary-General’s role, efforts

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), on February 6 stressed the necessity to devote national and international resources to peace, development and human.

Bustling M&A deals in banking industry at year beginning

Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase.

Baby elephant Bao Ngoc - an icon of Vietnam-Germany friendship

An elephant named Voi Nam whose parents were born in Vietnam and gifted to Germany’s Leipzig Zoo in 1984 and 1985 by Ho Chi Minh City's authority has welcomed its second baby elephant in the zoo on December 20, 2022.

Tourism – a source of growth in Vietnam for 2023: HSBC

Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.

Vietnam’s challenges and economic prospects in 2023

Geopolitics and new technologies are changing the world, opening up new opportunities for Vietnam to develop, if it can grasp them.

Digital transformation turns dreams of businesses into reality

With some close to bankruptcy, many enterprises have made a breakthrough and developed sustainably by going digital and using artificial intelligence (Al).

Innovation index: Vietnam aims for top four ASEAN countries

Vietnam aims to become one of the four most innovative countries in ASEAN in 2023, according to the Ministry of Science and Technology.