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Vietnam Business News April 17/2024

Real estate market thrives, entities ready to re-enter market

CNN names Vietnamese dumpling among world’s tastiest

Banh bot loc (Vietnamese tapioca dumpling), a specialty originating from the former imperial capital of Hue, has been selected as one of the world’s 35 tastiest dumplings by CNN.

Foreign leaders offer congratulations on Party General Secretary’s birthday

On the occasion of Party General Secretary Nguyen Phu Trong's birthday (April 14), leaders of countries and political parties have sent letters and messages of congratulations to the Party chief.

Beauty, personal care forms huge market for cross-border traders

Cross-border beauty and personal care is a huge market for Vietnamese companies thanks to the growing realisation of gender equality in which more women are immersing themselves in the workforce globally.

Vietnam moves up in World Happiness Report rankings

Vietnam can become a symbol of happiness and wealth, not only in Southeast Asia, but also in the world, according to Prof Ha Vinh Tho.

Vietnam needs US$20-30 billion investment for universal clean water access

Water use in agricultural production, along with thousands of irrigation and hydroelectric dams that ensure water source security pose deterioration and potential safety risks.

Outbound tours boom, domestic tours sell less

Many tours with attractive discount rates were offered at the Vietnam International Travel Mart (VITM) Hanoi 2024, but they were mostly outbound tours. Domestic tours were not selling well because of high tour fees.

The Ly brothers’ mission to popularize pickleball in Vietnam

Expressing their aspirations, the Ly brothers aim to bring home the gold medal and further promote pickleball, a sport that aligns well with the qualities of Vietnamese people and provides sports enthusiasm with more choices.

Da Nang grilled banana treats a street-side delight

Sweet grilled banana is wrapped in sticky rice and soaked in rich coconut juice mixed with fragrant pandan leaves and topped with fried sesame.

Listing ambitions of Vietnamese banks backed by leaders

Several of Vietnam’s banks are gearing up to list on the Ho Chi Minh Stock Exchange, indicating a notable growth trajectory and an opportunity for capital augmentation.

Parent – school financial transactions: school 'plays it safe'

Referring to the capital mobilization model applied by American International School Vietnam (AISV), financial experts say this is an unfair deal because of the risk of parents losing capital along with modest savings of only 10 percent.

McDonald's Vietnam wins Golden Dragon Award 2024

McDonald's Vietnam has received the Golden Dragon Award for six consecutive years for its impressive achievements in the journey towards a green economy and sustainable development.

US dollar continues gaining against VNĐ, hitting exchange ceiling

The exchange rates offered by the major banks have all hit the prescribed ceiling.

Experts see green hydrogen potential in Vietnam

Marine resources, plus sun and wind power, can offer great opportunities to Vietnam in producing and using green hydrogen for sustainable development.

Apple CEO Tim Cook impressed by Hoan Kiem Lake

On his arrival in Hanoi by private plane for a two-day business trip today, Apple CEO Tim Cook was impressed by Hoan Kiem Lake.

Vietnamese Gov’t doubles effort to ensure no power cut this summer

Prime Minister Pham Minh Chinh signed a public telegram on drastic measures to ensure power supply in dry season in 2024 and coming years.

HCM City’s 2 new bridges to cost US$717m

The cable-stayed Thu Thiem 4 and Can Gio bridges are proposed to be built in HCM City at a cost of more than VND17 trillion (US$717 million).

Private sector contributes 45% of Vietnam's GDP

Vietnam has nearly 900,000 operating private enterprises with about 7 million entrepreneurs, contributing nearly 45 per cent of the country's GDP.

VN anticipates market impact as KRX stock trading system launches

In the first-quarter report, KB Vietnam Securities (KBSV) estimated that the new system would boost the average daily trading value of the VN-Index by 30-70 per cent compared to the recent five-year average liquidity.