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Vietnam Business News October 29/2024

Vietnam national brands to be honoured in early November

Vietnam’s blockchain strategy targets regional leadership by 2030

The Ministry of Information and Communications and NEAC have launched a strategic initiative, placing Vietnam among leading blockchain innovators.

Young chess players to compete at world event in Brazil

The country has sent a total of six players to participate in the International Chess Federation (FIDE) World Youth Chess Championships 2024 which is set to begin on October 30 in Brazil.

National Assembly backs 0% VAT on digital exports

To maintain competitiveness, the National Assembly’s Standing Committee suggests continuing the 0% VAT on exported digital products.

National Assembly prepares for Q&A with Health, Information & Financial chiefs

On November 11-12, top Vietnamese ministers will address Parliament on healthcare, banking, and media issues.

Revised Securities Law opens private bond market to individual investors

Individual professional investors can now buy private bonds, with requirements on investment duration and transaction frequency.

Heavy rains in Central Vietnam expected to last until end of the month

Central Vietnam continues to experience widespread heavy rainfall due to the remnants of Tropical Storm Tra Mi and a cold front. Rains are expected to persist until the end of October.

Rising waters in Quang Binh halt burials, families lift coffins to higher ground

As floodwaters engulf Le Thuy district, families lift coffins of their deceased loved ones on scaffolds, waiting for the waters to recede for burial.

Hanoi’s traffic police escort donated heart to airport, saving a life in Hue

A dedicated medical and police team transported a heart donation from Hanoi to Hue, ensuring its arrival within the essential six-hour period for a life-saving transplant.

Fans gather in crowds to see off Ky Duyen and Thanh Thuy for int'l pageants

Supporters swarmed Tan Son Nhat Airport to bid farewell to Ky Duyen and Thanh Thuy as they embark on their international pageant journeys.

Revised Public Investment Law: Decentralization empowers local decision-making

The revised Public Investment Law promotes a breakthrough approach to decentralize authority to local governments, minimizing bureaucratic hurdles.

Vietnam News Headlines October 29/2024

Central provinces inundated, begin to tackle aftermath of Storm Trami

Vietnamese exiled Emperor’s belongings returned to VN

Personal objects that once belonged with the exiled Vietnamese Emperor Ham Nghi (1871-1944) have been returned to Vietnam.

Hanoi hosts seventh HANIFF international film festival next month

More than 100 films from 51 countries and territories will be screened in the seventh Hanoi International Film Festival (HANIFF), which will take place from November 7 to 11.

Vietnamese airlines see on-time departures slip

Vietnamese airlines have struggled to maintain punctuality, with 25.8 per cent of all flights delayed in the first nine months of this year, according to the Civil Aviation Authority of Vietnam (CAAV).

Creating lasting impressions is the future of luxury tourism in Vietnam

The challenge lies in encouraging visitors to prolong their stays and increase their spending, while exploring Vietnam.

Amended chemical law reduces administrative procedures

The draft of the law was released by a representative of the Department of Chemicals, Ministry of Industry and Trade at a workshop on the amended law and a strategy for the development of Vietnam’s chemical industry, held in Hanoi on October 28.

Great growth potential for chilled meat market

RongViet Securities Corporation (VDSC) said that the value of Vietnam’s meat market recorded a compound annual growth rate (CAGR) of 4.4 per cent in the 2018-2023 period.

Vietnamese businesses slow to take part in global supply chain

Experts agree that the ’bottleneck’ is because the majority of supporting industry enterprises are often small-scale, have financial difficulties, lack high-quality human resources and have not focused on investing in technology.

VN, UAE issue Joint Statement on upgrade of relations

Vietnam and the United Arab Emirates (UAE) on October 28 issued a Joint Statement on the upgrade of their relations to a Comprehensive Partnership on the occasion of Prime Minister Pham Minh Chinh’s official visit to the Middle East country.