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Debt collection taking on new hue

Vietnam faces increasing complexities in consumer lending, with escalating concerns over illegal lending practices, challenges in debt recovery, and a call for stronger legal frameworks to manage non-performing loans and safeguard consumer rights.

Government to inspect credit growth management by central bank

The Government will conduct an inspection of credit growth management by the central bank in response to low credit growth.

VN studies international experiences for carbon trade exchange design

Vietnam is learning from international experiences to develop a carbon market to ensure its appropriateness to the country’s legal framework and infrastructure system.

HCM City seeks to build “film city”

The first HCM City International Film Festival (HIFF) is scheduled to take place in early 2024 and is expected to contribute to the establishment of HCM City as a "film city."

VIETNAM NEWS HEADLINES DECEMBER 4/2023

NA Chairman arrives in Vientiane, beginning working trip in Laos

Rooftop solar encouragement to come via policies

The Vietnamese government has been requested to issue a decree encouraging rooftop solar development, with implementation of unlimited capacity requirements contingent upon advances in storage tech and investment initiatives.

Smart money flow expected to be less cautious after corporations’ scandals

The stock market experienced a volatile week when investigations released conclusions about the Van Thinh Phat and Tan Hoang Minh cases.

Slashing of red tape remains focal point for admin reform

As Vietnam boosts the attraction of investment and spurs development of a stronger domestic business community, the government is committed to quickening the pace of administrative reform.

Forestry digitization helps to locate every tree, keep track of every animal

The forestry sector is moving ahead with digital transformation in management. High technology is being used to create a large database of information about every tree and animal in the forest.

Ngũ Xã bronze casting: preserving an age-old artistic legacy

Over the past 500 years, Ngũ Xã bronze casting has evolved into magnificent masterpieces of national art. However, despite enduring various challenges, the village now has only one remaining family-run bronze-casting workshop.

Vietnam-second preferred destination for Korean tourists

Vietnam ranks second in the list of most preferred travel destinations for South Koreans after Japan thanks to convenient flights and cool weather.

11-month import-export turnover exceeds US$600 billion mark

Vietnam’s total import-export turnover surpassed the US$600 billion mark in the Jan.-Nov. period, reaching US$619.17 billion, with a trade surplus of US$25.83 billion.

HCMC’s tourism sector utilizes virtual tourist guides to support int'l visitors

The Ho Chi Minh City Department of Tourism will utilize smart tourism to lure tourists, comprising virtual travel assistants and virtual tourist guides.

Seven Vietnamese figures celebrated by UNESCO

A total of seven famed Vietnamese historical figures have been honoured by UNESCO for their contributions to the planet and wider society.

Vietnam’s logistics costs higher than world’s

According to Vietnam Logistics Business Association, Vietnam's logistics costs are higher than those of the world.

FIFA donates over 50,000 balls to schools in Vietnam

Vietnam received over 50,000 balls that FIFA donates to support the country’s school football programme, the Vietnam Football Federation (VFF) announced on December 2.

Vietnamese PM meets leaders of Cuba, WB, Sweden at COP28

Prime Minister Pham Minh Chinh had separate meetings with Cuban President Miguel Diaz-Canel, President of the World Bank Group Ajay Banga, and Swedish PM Ulf Kristersson in Dubai on December 2.

PM receives UAE minister of state, concludes trip to attend COP28

Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade at the UAE Ministry of Economy Thani bin Ahmed Al Zeyoudi and representatives of some major enterprises of the country in Dubai on December 3 morning (local time).

VIETNAM BUSINESS NEWS DECEMBER 3/2023

Vietnam's Jan-Nov trade put at US$619 billion

Vietnam honoured as World’s Leading Heritage Destination for fourth time

Vietnam has won the World’s Leading Heritage Destination 2023 title of the World Travel Awards for the fourth time so far, reported the Vietnam National Authority of Tourism (VNAT).