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VIETNAM BUSINESS NEWS JANUARY 21/2024

Investigation of insurance companies shows irregularities: MoF

Strong cold grips Northern Vietnam, temperatures drop sharply

Temperatures have tumbled sharply after a strong cold air wave hit northern localities of Vietnam early on January 21, according to the National Centre for Hydro-Meteorological Forecasting.

VIETNAM NEWS HEADLINES JANUARY 21/2024

PM Pham Minh Chinh meets Vietnamese community in Romania

Vice President of Vietnam meets leaders of Uganda, UN, Iran

Vice President Vo Thi Anh Xuan had meetings with President of Uganda Yoweri Museveni, Secretary-General of the United Nations Antonio Guterres, and First Vice President of Iran Mohammad Mokhber in Kampala on January 20.

Automobile, motorbike supporting industries ripe for move to next stage

To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.

Banks are selling secured properties at discounts to recover debts

The increasing risk of bad debt forces banks to sell secured assets, especially real estate, at discounts.

Local car market reacts to end of fee reduction policy

Several car companies have responded to the changing market conditions by implementing various strategies to stimulate sales.

Economy in 2024 expected to improve: CIO of AFC Vietnam Fund

The tough year of 2023 is expected to be followed by positive signs of an economic recovery. Vicente Nguyen, CIO of AFC Vietnam Fund, talked with VietNamNet about economic prospects in 2024, and the advantages and problems in the economy.

What’s behind the wrongdoings related to land?

More and more embezzlement cases related to land-use rights have been reported, occurring at different administration levels from local to central governments.

Hanoi, HCM City mull over solutions to develop urban railway networks

The task of developing 400 kilometers of urban railways in Hanoi and HCM City each by 2035 will be feasible if it is implemented with policies tailored specifically for the two largest cities.

Hanoi seeks SEA record for 2,024 drones in sky on Lunar New Year's Eve

The capital city of Hanoi is expected to set a Southeast Asian record with a majestic light and sound performance supported by 2,024 unmanned aerial vehicles in the sky on Lunar New Year's Eve.

Philippines is Vietnam’s largest rice consumer in 2023

Vietnam exported more than 8 million tonnes of rice in 2023, and the Philippines was the largest rice buyer, according to the General Department of Customs.

Vietnam elected as Vice President of 19th NAM Summit’s Executive Committee

Vietnam has been elected as a Vice President of the Executive Committee of the 19th Non-Alignment Movement (NAM) Summit, representing the Asia – Pacific region.

Vietnam has full legal basis to assert sovereignty over Hoang Sa

Vietnam has full legal basis and ample historical evidence to affirm its sovereignty over the Hoang Sa (Paracel) and Truong Sa (Spratly) Islands.

Prime Minister grants interview to Romanian media ahead of visit

Prime Minister Pham Minh Chinh granted an interview to the Romanian media on Vietnam’s development experiences, important policies of the 13th National Party Congress and the prospects of the Vietnam-Romania relationship.

Ten sentenced to life imprisonment in trial of Dak Lak terrorist attack

The People’s Court of Dak Lak on January 20 sentenced ten defendants to life imprisonment on the charge of terrorism in the trial of the case of terrorism in Cu Kuin district in the Central Highlands province on June 11 last year.​

PM receives leaders of Hungarian association, parties in Budapest

Prime Minister Pham Minh Chinh hosted separate receptions for leaders of the Hungary-Vietnam Friendship Association, the Hungarian Socialist Party and the Hungarian Workers' Party in Budapest on January 20 morning.

Vietnam presents earthquake relief to Japanese localities

Vietnamese organisations and individuals in the Kansai region have donated 600,000 JPY (over 4,000 USD) to help residents in earthquake-hit Suzu and Wajima cities, Japan’s Ishikawa prefecture.

Prime Minister arrives in Bucharest for official visit

Prime Minister Pham Minh Chinh, his spouse and a high-level Vietnamese delegation arrived in Bucharest on January 20 afternoon (local time), beginning an official visit to Romania at the invitation of Prime Minister Ion-Marcel Ciolacu.

New law requires banks under special control in 6 cases

With 91 percent of yes votes, the National Assembly on January 18 approved the amended Law on Credit Institutions with 210 articles, expected to take effect on July 1, 2024.