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VN, JICA signs ODA loan for Ben Thanh - Suoi Tien urban railway line

The construction of the urban railway’s line will alleviate traffic congestion and air pollution while encouraging regional economic development.

Ministries proposes reforms of investment incentives for post-GMT race

It becomes vital for Vietnam to reform investment incentives in the context of rapidly changing and complicated world, the ministry said. The international business environment and cross-border investment face challenges.

2024 Hue Festival Schedule announced

Ban Soc ceremony (a ceremony to distribute calendars for royal mandarins during the Nguyen Dynasty) and announcement of the Hue Festival 2024 was held on January 1 at Ngo Mon (Noon Gate) in the Hue imperial citadel.

Ten outstanding Vietnamese sports events in 2023

The sports landscape in Vietnam in 2023 was marked by numerous significant events in both domestic and international competitions, with sports enthusiasts recognizing several notable and professionally valuable achievements.

Good e-commerce tax management brings considerable revenue to budget

E-commerce has greatly boosted consumption in Vietnam lately, and the wise management of tax in this sector can bring back a large amount of budget revenue and ensure a healthy business environment for economic growth.

Hoan Kiem Lake: from the gorgeous past to vivid present

Forty precious archival photos of Hoan Kiem Lake and its surrounding relics will delight tourists visiting Hanoi's symbolic lake for the New Year.

Electric bus route officially opened to Hanoi's airport

The aim of this step is to build a green airport, where the quality of service for local and international tourists is constantly improved.

Vietnam to welcome 17-18 million int’l tourists in 2024

The total tourism revenue in 2024 is expected to reach VND840 trillion (US$34.6 billion).

VIETNAM BUSINESS NEWS JANUARY 2/2024

Capital to be prioritised for spearhead sectors: central bank

Vietnam's impressions in 2023

Despite a challenging year, Vietnam can be proud of its achievements in 2023.

Recycling of tires, tubes, batteries, and lubricant oils mandatory from 2024

Producers and importers shall have to recycle rubber tires and inner tubes, batteries, and lubricant oils, and cartons according to the mandatory recycling rate and specifications from January 1, 2024.

Oanh sets VIHM record, race walking debuts in capital

5000 marathoners open 2024 with running and race walking categories at the Vietnam International Half Marathon on January 1, the first sport event of the new year, in Hanoi.

Six works receive the Vietnamese writers’ association literary awards 2023

The Vietnamese Writers’ Association has announced six winners of this year’s Literature Awards, including three prose works, one poetry work, one theoretical and critical work, and one children’s literature work.

Money recovered from Van Thinh Phat bond fraud to be returned to rightful owners

The police are scouring the country for over 42,000 victims of a massive bond fraud thought to involve VNĐ30 trillion (US$1.24 billion) by property developer Vạn Thịnh Phát.

Experts foresee VN-Index breaking 1,130 point barrier in 2024

Vietcap Securities Joint Stock Company (Vietcap) predicted a potential weakening in the upward momentum of the VN30 basket, which could result in downward adjustments for large capitalisation groups leading the VN-Index.

Life insurance firms misleading clients set for big fines

Life insurance companies could be fined up to VNĐ100 million for providing "incorrect advice intentionally" under a decree proposed by the Ministry of Finance.

Policy changes in foreign labour recruitment to take effect in January

According to the Ministry of Labour, Invalids and Social Affairs, the country counted more than 130,500 active foreign workers as of August 2023.

Employment numbers rise but labour market quality yet to improve

Vietnam's labour force (aged 15 and above) in 2023 counts for 52.4 million people.

Vietnam’s 2023 public debt at 37% of GDP

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.

VIETNAM NEWS HEADLINES JANUARY 2/2024

Around 402,000 tourists visit Hanoi on New Year holiday