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Vietnam Business News April 12/2024

Apartment absorption positive in Hanoi, low in HCM City during Q1

US emerges as largest consumer of Vietnamese cashew

The United States remains Vietnam’s largest cashew export market, recording 39,142 tonnes of exports worth more than US$208 million in the first quarter of the year, according to figures released by the General Department of Vietnam Customs.

Vietnam to hold tourism expo in Hollywood

Vietnam’s tourism authority will hold an expo to showcase its tourism potential in Hollywood in a bid to attract filmmakers to the country.

Government promotes renewable-electricity policy

Now implementing the eighth national power development plan in 2021-2020 (Plan 8), the government has requested the Ministry of Industry and Trade (MOIT) to urgently fulfill procedures to create policies for renewable electricity development.

Cases of hand-foot-mouth disease rocketing nationwide

The country is currently seeing a spike in the number of hand-foot-mouth disease (HFMD) being detected among children, with 10,196 cases recorded since the beginning of the year, a figure 2.3 times higher than the same period from last year.

Transport Ministry announces plans to upgrade expressways

The Ministry of Transport focuses on giving priority to funding the enhancement of dual-lane expressways to improve operational efficiency and ensure traffic safety.

Make-in-Vietnam cybersecurity solutions satisfy 90% of demand

Experts believe that Vietnam’s solutions can partially replace foreign solutions, especially in fields that set high requirements on national security.

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.

Ben Tre’s coconut trees ideal for earning carbon credits

Scientific studies show that the Mekong Delta province of Ben Tre possesses great potential for carbon neutrality.

Peacekeepers help promote Vietnam’s image

Vietnamese peacekeeping forces are developing strongly, contributing to affirming Vietnam’s role in the world arena and demonstrating Vietnam’s efforts and commitments to joining UN peacekeeping operations and building global peace and security.

Proposals for pension reform ignite heated debate

Well-designed fiscal plans and communication measures will ensure the pension reform produces its desired effects.

Vietnam has great potential for biofuel: experts

Biofuels are part of the country’s strategy to reduce greenhouse gas emissions.

Special music show to mark 70th anniversary of Dien Bien Phu Victory

A special musical programme is scheduled to take place in the northwestern province of Dien Bien on May 6 in celebration of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).

VN says Cambodia should share information on Funan Techo Canal on Mekong River

The US$1.7-billion canal will be approximately 180km long, passing through four provinces with a total population of 1.6 million people living on both sides, connecting the capital city Phnom Penh with its southern coast (near Vietnam's Kien Giang).

Multiple students admitted to hospitals due to toxic gas from whoopee cushions

Students bought these toys from small shops in front of the school and brought them into their classrooms, according to initial investigation following the incidents.

Vietnam, Thailand agree to step up bilateral cooperation mechanisms

Foreign Minister Bui Thanh Son and Thai Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-Nukara co-chaired the 5th Meeting of the Vietnam - Thailand Joint Commission for Bilateral Cooperation (JCBC) in Bangkok on April 11.

Air India to start New Delhi-Ho Chi Minh City flights from June

Air India is launching a new route between New Delhi and Ho Chi Minh City starting on June 1st, the Indian national flag carrier announced on April 10.

ADB maintains 6% growth forecast for Vietnam's economy

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively.

Vietnamese, French navies bolster cooperation

Frigate Vendémiaire of the French Navy docked at Tien Sa port, the central city of Da Nang on April 11, beginning a five-day visit to the locality.

NA Chairman visits China’s Shanghai Free Trade Zone

National Assembly (NA) Chairman Vuong Dinh Hue on April 11 visited China’s Shanghai Free-Trade Zone (SHFTZ) and met with leaders of the municipal People’s Congress and administration of Shanghai as well as the zone.