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Weakening demand continues to dog Vietnamese firms

Falling orders caused by weak demand have left firms with no choice but to shed jobs and scale down production in the last months of the lunar year.

Telecom carriers commit to ensure smooth operation during Tet

The demand for mobile services increases on Tet days, and many mobile subscribers leave large cities for the countryside, which poses a challenge for mobile network operators to ensure smooth operation.

Electronic firms continue to shift investment to Vietnam

In continuation of moving their production hubs, this year many of the giants in the world of technology and electronics have announced business expansion plans in Vietnam.

Cross-border business busy after China’s border reopening

As soon as China reopened its border on January 8, business of Vietnam and China turned busy again after a nearly three-year disruption due to the COVID-19 pandemic.

National Assembly holds extraordinary session Wed afternoon

The 15th National Assembly (NA), the nation’s legislature, has announced it will hold an extraordinary session on Wednesday, January 18, to decide a key personnel matter.

Party Central Committee relieves Nguyen Xuan Phuc of Presidency, Party positions

The 13th Party Central Committee convened a meeting in Hanoi on January 17 to consider and give opinions to the wish to cease holding his positions, to stop working, and to retire by Nguyen Xuan Phuc.

Exotic flowers boom for Tet

The flower market for Tet is in full swing now. Besides traditional domestic flowers for Tet such as peach blossoms and kumquat bonsai, there are many kinds of imported flowers for demanding customers.

Land fee reduction extension proposed for 2023

The Ministry of Finance has proposed extending the 30% land use fee reduction for businesses, households and individuals this year to further facilitate the country’s economic recovery.

VIETNAM NEWS HEADLINES JANUARY 17

AFF Cup 2022: Vietnam, Indonesia play to goalless draw

Action plan needed to turn HCM City into Southeast Asia economic hub: Deputy PM

A government action plan is needed to develop a digital economy in HCM City and make it a Southeast Asian economic hub by 2030, Deputy Prime Minister Nguyen Minh Khai has said.

Textile, leather and footwear exports fetch US$71 billion

Despite enduring numerous difficulties, the garment, textile and leather footwear sectors raked in US$71 billion last year, according to details given by the Vietnam Textile and Apparel Association (Vitas).

National Assembly approves Resolution to prioritise development of nation's labour force

Developing Vietnam's labour force remains a key priority for the country in the coming decades, according to a governmental resolution approved by the National Assembly (NA) recently.

VIETNAM BUSINESS NEWS JANUARY 17

Wood exports to hit record of 18 billion USD this year

Tien Linh claims top goal scorer award at AFF Cup 2022

Vietnamese striker Nguyen Tien Linh was awarded the top goal scorer award at the AFF Cup 2022, sharing the prestigious prize with Thai player Teerasil Dangda.

Vietnam remains top 5 global investment sites for EU firms

The confidence of European enterprises in Vietnam’s economy declined for a second quarter but the S-shaped country still remains in the top five global investment destinations for their companies.

Strong cold spell hits northern region, to last through Lunar New Year holiday

A strong cold spell hit northern provinces on Monday morning, dropping temperatures by 10 degrees Celsius compared to the previous day.

Ministry proposes issue chip-based citizen identification card for children under 6

The Ministry of Public Security has proposed that children under the age of six, can receive both birth certificate and chip-based citizen identification card at the same time when their birth is registered.

Central bank pumps more money into circulation

The State Bank of Vietnam (SBV) has pumped more money into circulation after three weeks of consecutive net withdrawal. Overnight interest rates are high, while liquidity demand has increased on pre-Tet days.

Many families cancel Tet tours because of high fees

In recent years, Vietnamese have traveled during Tet holidays. However, many of them have canceled Tet tours this year because of high prices.

Dragon fruit prices surge, farmers earn big

Dragon fruit prices have unexpectedly soared. Merchants are rushing to export to China.