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Vietnam Business News December 5/2024

Rubber industry adaptive to EU Deforestation Regulation

Hung Yen’s famous eel noodle soup

Not only visually appealing, Hung Yen’s famous bun thang luon (eel noodle soup) captivates diners with its unique flavor, crafted from a variety of ingredients such as fried eggs, pork rolls, crispy pork belly, and eel.

Discussions should focus on how to begin, not on whether to postpone project

Here is the second part of the talk between VietNamNet and National Assembly’s former deputy chair of Economics Committee Nguyen Van Phuc about the North-South high-speed railway project.

Visionary leadership vital for Vietnam to avoid economic stagnation

Despite decades of high growth, Vietnam remains at risk of falling into the middle-income trap, highlighting the need for visionary leadership and innovative policies.

‘Lao  Nong Vlog’ channel earns billions of dong from selling eel breeders

Lao Nong 'Vlog', who has attracted millions of likes for his videos on his TikTok channel, is known as the 'tycoon of eel breeders’ in the North.

Recent appointments reduce Vietnam’s “Trump risk” for investors

Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital, stated so in his recent report.

Measures needed to accelerate disbursement of foreign-funded public investment

Drastic measures are needed to remove roadblocks and accelerate the disbursement of foreign-funded public investment in the remaining months of this year, as the disbursement rate remains far below the target of 95 per cent.

2025 holiday schedule announed early, expected to boost tourism

Vietnam’s 2025 holiday schedule was announced early, which is expected to help both people and tour operators actively prepare for holidays across the year.

Hai Phong plans to build Vietnam’s longest sea-crossing bridge

The northern port city of Hai Phong is planning to construct the longest sea-crossing bridge in Vietnam at a total cost of more than 8.7 trillion VND (342.45 million USD).

14 Vinschool students dominate top global and national Cambridge Exam rankings

Vinschool continues to set the benchmark for academic excellence in Vietnam, with 14 students achieving top honors in global and national rankings of the 2024 Cambridge International Exams.

Ministry proposes VND100 trillion preferential credit package for social housing

The Ministry of Construction (MOC) is consulting with ministries and branches on a draft resolution on a preferential credit package reserved for social housing development worth VND100 trillion. The capital will be from government bond issuance.

EVs to have green inspection stamps from January 1, 2025

From January 1, 2025, motor vehicles using clean and green energy will have a distinct color for inspection stamps.

Agricultural sector’s trade surplus approximates 16.5 billion USD

Vietnam recorded a trade surplus of 16.46 billion USD in agricultural, forestry, and aquatic products during the first 11 months of 2024, soaring 52.8% year on year, reported the Ministry of Agriculture and Rural Development.

Credit growth target of 15% for 2024 within reach: SBV

The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).

Developing nuclear power in Vietnam: Is it imperative?

Emphasizing the importance of nuclear power, Ha Dang Son, director of the Center for Energy and Green Growth Research, said experiences in Europe can show the pressing need for and stabilization of nuclear power.

Initial information about incident during military drill in Military Region 7

The Military Region 7 organised a defence exercise under harsh weather conditions and in complex terrain from December 1-4.

Vietnam leverages AI to reshape healthcare sector

Singapore's website BioSpectrum Asia has published an article highlighting Vietnam's efforts in leveraging Artificial Intelligence (AI) in transforming its healthcare sector.

Green export a vital part of future Vietnamese economy: forum

A forum on green export promotion was held in Hanoi on December 4 to help Vietnamese enterprises switch to sustainable and low-carbon growth models and improve their competitiveness amidst globalisation.

Vietnam ranks in top 11 largest exporters globally

From being a minor exporter prior to 2013, Vietnam rose to number eleven in the global rankings of top exporters by 2023, emerging as a surprise player in global trade.

VN cracks down on Illegal cross-border gambling games

Many illegal and unlicensed games provided across the border into Vietnam have been removed from Apple and Google app stores.