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Coffee output in 2023-2024 crop forecast to fall 20%

The Ministry of Agriculture and Rural Development said that Vietnam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20% compared to the previous crop year, to 1.47 million tonnes, the lowest in four years.

LNG power price cap set at nearly VND2,600 per kWh

The Ministry of Industry and Trade has approved the electricity price framework for liquefied natural gas (LNG) power plants for 2024, setting the maximum price at VND2,590.85 per kilowatt-hour (kWh), excluding value-added tax (VAT).

Nationwide campaign launched to combat drug-related crimes

The focus will be on eliminating drug hotspots, dismantling drug trafficking networks, and capturing offenders at all levels.

Central bank withdrew VND93 trillion to stabilise the gold and forex markets

According to SBV’s data, as of May 24, it sold a total of 48,500 taels of SJC gold with the winning bid price of VNĐ81.3-89.4 million per tael. It meant the estimated amount of money the SBV earned from the gold sales was about VNĐ4.2 trillion.

Cao Bang builds ’scenario’ for geoparks network symposium

Cao Bang's authority announced it has built a detailed 'scenario' for hosting the 8th symposium of the Asia Pacific Geoparks Network (APGN) so that it will take place on time in September.

Vietnam Business News May 29/2024

VNĐ200 million transaction limit on each financial institution’s business partner is unreasonable: VCCI

HBSO stages Cinderella ballet to welcome Children’s Day

The HCM City Ballet, Symphony Orchestra and Opera will stage the classic ballet Cinderella at the Opera House on June 1 and 2 to celebrate International Children’s Day.

Hybrid rollerblade dance show comes to Youth Theatre

A contemporary dance show with performers on inline roller skates will feature choreographer-dancer Xuan Le at the Vietnam Youth Theatre in Hanoi on June 4.

Renowned Chinese-French filmmaker to be Da Nang Film Festival's jury chair

Chinese-French filmmaker and author Dai Sijie will be the jury chair of the Da Nang Asian Film Festival (DANAFF) in the most important category - the Asian Film Awards.

Vietnam News Headlines May 29/2024

President meets with children of police martyrs, academic award winners

Vietnam to prohibit those with unpaid taxes from leaving country

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure that individuals and businesses fulfill their tax payment obligations.

Vietnamese students come third at ICT Competition

The Vietnamese team has successfully beaten more than 470 contestants from 160 teams of 49 different countries at the global final of the Huawei ICT competition 2023 to 2024 which recently concluded in Shenzhen in China.

Nha Trang listed among world’s eight best beach destinations to retire in

Nha Trang city in the southcentral coastal province of Khanh Hoa has been named in the list of the globe’s eight best beach destinations to retire in for beautiful views, mild weather, and a laid-back vibe.

Vietnamese cuisines among Asia's top 100 best street foods

Bánh Mì, Phở, Cơm Tấm, Chả Giò, and Bánh Xèo are five Vietnamese dishes to feature on the list of the 100 best Asian street foods by TasteAtlas.

Vietnam ranks fourth in world instant noodle consumption

The nation is the world's fourth-largest consumer of instant noodles, purchasing roughly 8.1 billion packets throughout 2023, according to the latest report outlined by the World Instant Noodles Association (WINA).

Security-camera manufacturers to form alliance to compete with foreign rivals

Representatives of Vietnam’s security camera manufacturers support setting up an alliance or club to help each other improve their competitiveness.

Many banking apps can’t ensure safety for users: report

Many commercial banks have been unable to pass the test for a user protection scheme. More than 21 percent of banking apps lack protection schemes, or have schemes that can be easily overcome by hackers.

Online-advertising cash flows to 'clean' content

To create a healthy online ad market, the Ministry of Information and Communications (MIC) has taken measures to drive online advertising cash flow from pages with toxic content to pages with authentic and helpful content.

Four Cabinet ministers to join National Assembly’s Q&A session

Four Cabinet ministers will partake in a question-and-answer (Q&A) session of the on-going seventh sitting of the 15th National Assembly (NA) from June 4-6.

Cement manufacturers incur losses, fear bankruptcy

The subsidiaries belonging to the Vietnam National Cement Corporation (Vicem) have reported a loss of VND300 billion and profit of minus VND144 billion. The Vietnam Cement Association (VCA) has warned that some companies may go bankrupt.