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Fixed pension amounts are too low

Vietnamese pensioners can enjoy the highest pension rate in the world, 75% of their social insurance payments. However, as the salaries used to calculate social insurance premiums are low, the actual pension they receive in retirement is small.

Still no VAT hike proposal to aid business development

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.

First walking and bicycle zone begins construction in Da Nang

The project, which will be built on the Han River bank at a cost of VND44 billion (US$1.76 million), will create a pedestrian space and 'green' park system from the city's downtown to Cam Le district in the tourism attraction and entertainment zone .

Vietnam's 2024 rice exports seen beating target

Vietnam’s rice exports this year are forecast to beat the earlier projection of 7.6 million tons, heard a conference on rice exports.

Islands host visitors with summer events

The unique culture, rich biodiversity and extinct volcanoes, which have been conserved in the water around Ly Son Islands, and garlic and scallion farms are major attractions for summer tourists.

Brazil, Da Nang look for closer sports, tourism and trade ties

Brazil plans to send a carnival group to Vietnam and the central city of Da Nang following a plan of co-operation with property developer Sun Group in the coming time in a bid to attract domestic and international tourists to the locality

HCM City reduces Reunification Day firework displays

HCM City authorities will hold fireworks displays at five locations, instead of 16 as previously scheduled, to mark the 49th anniversary of Southern Liberation and National Reunification Day on April 30.

Quang Ngai's ex-secretary expelled from Party

Le Viet Chu, former secretary of the Quang Ngai Provincial Party Committee, has been expelled from the Party as per the decision of the Party Central Committee (PCC).

Truong My Lan appeals against lower court verdict

Truong My Lan, chairwoman of Van Thinh Phat Holdings Group Corporation, has appealed against the death sentence imposed on her by the lower court, said local media reports.

Hanoi arteries get gridlocked as people flock to hometown on holiday

On April 27, the first day of the five-day holiday period, people thronged Hanoi’s gateways to return to their hometown, causing traffic to become overloaded.

VN could profit from taxing bitcoin, digital asset transactions

The total value of cryptocurrencies entering Vietnam in 2023 reached $120 billion. Vietnam could collect big money from taxing cryptocurrency transactions and having a legal framework to control virtual assets.

Ransomware attacks occur on average every 11 seconds

Cybercriminals are becoming increasingly sophisticated in their ability to bypass firewalls, causing a lot of damage to businesses.

Investment in Vietnamese startups in 2023 ranks third in Southeast Asia

Vietnam maintains the third position in the number of investment capital and deals of startups in Southeast Asia.

Vietnam Business News April 27/2024

Vietnam upholds use, management of financing for sustainable development

SSC rejects KRX system operation on May 2

The KRX system has not undergone a comprehensive acceptance review involving investors, contractors and beneficiary units.

Vietnam News Headlines April 27/2024

Vietnamese Ambassador presents credentials to RoK President

Kon Tum district sets record with 120 dishes made from ginseng

Tu Mo Rong district in Kon Tum province set a Vietnamese record with 120 dishes made from ginseng at a recent contest.

Concert highlights music by Mozart, Beethoven, Brahms

The HCM City Ballet Symphony Orchestra and Opera (HBSO) will stage a concert featuring masterpieces by great composers Mozart, Beethoven and Brahms at the Opera House on April 27.

Vietnam lost to Kyrgystan, out of Futsal World Cup contention

The defeat ended Vietnam's hope of appearing in three consecutive Futsal World Cups.

Simeonov returns to train Vietnamese athletics

Bulgarian Vladimir Simeonov will come back to help improve Vietnam’s athletic team next month.