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DOC requested to conduct anti-subsidy probe into VN frozen warmwater shrimp

The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy investigations on frozen warmwater shrimp imported from a number of countries, including Vietnam.

VIETNAM BUSINESS NEWS NOVEMBER 7/2023

State budget collection down over 9% in 10 months

Deposits hit record high, though interest rates are low

Deposit interest rates have dropped to a 3-year low, but deposits at banks have reached a record high. Some banks reported an increase of up to 150 percent in payments for deposit interest.

VAT cut may put pressure on state budget: Finance Ministry

Minister of Finance Ho Duc Phoc says the 2 percent VAT cut will not be applied to some business fields, including securities, banking and finance, explaining that if it was applied to all fields, this would put pressure on the state budget.

Vietnam aims high on semiconductors

The global semiconductor chip market is expected to record a CAGR of 7.1 per cent from 2023 to 2032.

Four Vietnamese companies to manufacture network equipment in joint effort

Four Vietnamese technology firms, MK Hi-Tek, SafeGate, Pavana and Vissoft, are cooperating to develop the MK Networks brand, specializing in manufacturing network equipment. The first products are scheduled to hit the market in 2024.

Electricity prices must be market-based to promote investment in energy sector

Electricity prices must be market-based to encourage power savings and new investments in the energy sector, experts have said.

Kim Trang to represent Vietnam at Miss Asia 2023

Nguyen Thi Kim Trang has been selected as the nation’s representative for the Miss Asia 2023 beauty pageant which is set to take place from November 9 to November 14 in India.

Foreign tourists impressed with week-long trip to Sapa with two kids

Insider newspaper of the United States recently released an article about a foreign traveler and her two kids who came to experience a wonderful week-long trip to Sa Pa in the nation’s northern mountainous region.

Vietnam's railway sector continues to face challenges

The Commission for the Management of State Capital at Enterprises is seeking approval for the scheme to reorganise the Vietnam Railway Corporation (VNR) by the year 2025.

Preserving heritage: Artisans thrive in Hanoi's rural villages

Some periods are characterized by the birth of unique and high-quality artistic works that have gained fame.

Puppy slaughterhouse owner calls it a day

For the past seven years, business has been good – with Kieu Viet Hung earning between VND 50 and 60 million a month. But, making a living doing something most people find abhorrent, Hung was faced with a crisis of conscience.

VND3.9 trillion invested in developing southern waterway corridors, logistics

The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).

Quyet Chien and Phuong Vinh compete at World Cup in Seoul

Talented Vietnamese cueists Tran Quyet Chien and Bao Phuong Vinh are competing at the three-Cushion World Cup in Seoul of the Republic of Korea (RoK), which opened on November 6.

US holds swimming master class for Vietnamese coaches and disabled athletes

As many as 50 coaches and athletes with disabilities have attended a swimming master class put on by experts Rudy Garcia-Tolson and Julia Harbough of the United States.

Hanoi to host debut graffiti arts exhibition

The first-ever graffiti arts exhibition is scheduled to take place from November 24 to November 25 in the capital city as part of the Hanoi Creative Design Festival 2023.

Credit growth quotas still necessary, says central bank governor

Credit growth quotas remain essential for sustaining economic growth and supporting businesses and individuals, said Nguyen Thi Hong, governor of the State Bank of Vietnam (SBV).

Finance Minister fields lawmakers’ questions at NA meeting

Minister of Finance Ho Duc Phoc on November 6 morning reported to the National Assembly that the country's credit rating benefited from a positive outlook from international communities.

Vietnamese referee called to manage World Cup qualifiers

Vietnamese referee Ngo Duy Lan has been selected by FIFA, the global governing body of football, to officiate in the second qualifying round of the 2026 World Cup.

Bom Bo cooperative confidently moves to the ocean

On November 4, Binh Phuoc Bom Bo Cooperative and the working group of the Guangdong Import-Export Association (China) had a working session promote the export of Binh Phuoc’s agricultural products to the Chinese market.