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Vietnam Business News June 5/2024

Shrimp and pangasius exports see fluctuations in May

Skincare industry on the cusp of rapid growth

With its large young population and rising disposable incomes, Vietnam is an attractive market for manufacturers and distributors of skincare products, according to industry insiders.

SBV predicts SJC-branded gold bullion price to keep declining

Analysts held that the continuous decrease in the price of SJC gold bullion after it is sold directly by the SBV over the past few days has kept the gap at a reasonable level.

Vietnam's coffee prices on the rise

Coffee prices continued to rise sharply on June 5, ranging from 122,000 - 123,500 VND (4.8-4.86 USD) per kilogramme in the Central Highlands – the largest coffee growing area in the country.

Vietnam not to export rare earth elements, says Deputy PM

Vietnam not to export rare earth elements, says Deputy PM

Vietnam News Headlines June 5/2024

Natural resources, environment sector urged to effectively implement management solutions

VAR to be used in all V.League 1 matches of 2024-2025 football season

The 2024 - 2025 football season of the V.League 1 will see 100% of matches apply the video assistant referee (VAR) technology, said Tran Quoc Tuan, president of the Vietnam Football Federation.

Import surplus returns after 23 months, experts downplay concerns

After enjoying trade surpluses for the past consecutive 23 months, Vietnam slipped into an import surplus in May 2024, sparking concerns about the health of the economy, but experts say it is not really a worrying sign.

VN leads the region in attracting long-term investment into innovative start-ups

The wave of innovative start-ups in Vietnam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors, said a seminar, entitled 'Investment Policies for Start-ups' in Hanoi, heard Monday.

Hanoi cracks down on illegal taxis and unauthorised bus stops

Signage indicating speed limits will be put up around bus stations to improve traffic flow and safety.

Vietnam-Japan festival to delight Da Nang locals, tourists in early July

The Vietnam-Japan festival 2024 will take place at the Bien Dong (East Sea) Park in the central city of Da Nang from July 4 to 7, as part of celebrations to mark 51 years of diplomatic ties between the two countries.

International funds in Da Nang show interest in Vietnam’s startups

Ten large international funds and 30 startup projects met in Da Nang several days ago. The municipal authorities hope the city will be an attractive destination for investors and startups.

Michelin suggests discovering Hanoi in 48 hours

The Michelin Guides, a series of guidebooks that have been published by the French tyre company Michelin since 1900, have offered some suggestions for tourists looking to explore Hanoi, the capital of Vietnam, in 48 hours.

Belgian breakdance group to perform at Hue Festival 2024

The Belgian breakdance group will perform at the opening ceremony of Hue Festival 2024 which is slated for June 7 at Kien Trung Palace in Hue city.

Hai Phong remains leading destination for FDI

The northern port city of Hai Phong attracted 647 million USD in foreign direct investment (FDI) in the first five months of 2024, up 11% year on year, solidifying its position as one of the biggest recipient of FDI nationwide.

Hai Phong to host Southeast Asia rowing, canoeing championships

The northern port city of Hai Phong will host the 2024 Southeast Asia Rowing and Canoeing, U19 and U23 Championships from June 24 to July 7.

Ministry to enhance consumer protection for sustainable e-commerce development

The Ministry of Industry and Trade will focus on enhancing consumer protection in order to maintain sustainable e-commerce development, Minister Nguyen Hong Dien said at the National Assembly’s question and answer session on June 4.

National treasure: Hiep An ceramic jar of the Tran Dynasty

The Hiep An brown-patterned ceramic jar of the Tran Dynasty is relatively large in size, embossed and engraved with patterns, and glazed. These were the typical techniques of the times.

Vietnam joins world’s ‘clean energy train’

LNG (liquefied natural gas) is considered the trump card of clean energy trends. Vietnam is following the trend, having committed to reduce net emissions to zero by 2050.

Soc Trang strives to boost tourism

The province is working on projects to build and develop a traditional cultural festival to promote river tours, one of the province’s typical tourism products.