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VIETNAM BUSINESS NEWS JULY 13/2023

Credit institutions expect positive demand for banking services

EVN's operational breaches behind persistent power cuts in the North: probe

Vietnam Electricity (EVN)’s unbalanced operations and slow investment in power sources and grids caused power shortages in the dry season, the Ministry of Industry and Trade (MoIT) announced on Wednesday.

Russ Swift to perform precision driving in Vietnam

Guinness World Record holder Russ Swift will perform his world-class precision driving skills at a stunt show in Hanoi this weekend.

1.3-billion-USD LNG terminal warehouse project gets greenlight

The People's Committee of Binh Thuan province has issued a decision approving the investment of Son My liquefied natutal gas (LNG) terminal warehouse project in the south-central province’s Ham Tan district.

National Authority of Tourism developing culinary map

Vietnam’s tourism development strategy to 2030 has identified culinary tourism as a typical product for positioning the country’s tourism brand.

Vietnam to pass global minimum tax policy late this year

The Government is likely to submit to the National Assembly this October a draft policy relating to the global minimum tax which is scheduled to take effect on January 1, 2024 globally.

Integrating culture with tourism development in Mo 1 village

Promoting the unique folk cultural values of the Thai ethnic people to promote socio-economic development, building Can Khe commune to become a new, improved rural commune by 2024.

Honorary Consulate Office of Vietnam in Dublin inaugurated

The Vietnamese Embassy in the UK held a ceremony on July 11 to inaugurate the Honorary Consulate Office of Vietnam in Dublin, the Republic of Ireland.

US state governor leads delegation to Vietnam to promote trade

A visiting delegation from the US state of Nebraska led by its Governor Jim Pillen visited MM Mega Market in HCM City’s Thu Duc city on July 11 to learn about what VN customers look for at the grocery store and distribution networks in Vietnam.

VIETNAM NEWS HEADLINES JULY 13/2023

Ministry of Health allocated money for purchasing vaccines

Vietnamese male volleyballers advance to AVC Challenge Cup semifinals

The Vietnamese men's volleyball team beat hosts Taipei (China) 3-1 on July 12, advancing to the semifinals of the 2023 Asian Volleyball Confederation (AVC) Challenge Cup.

'Make in Vietnam Digital Technology Product' Awards 2023 launched

The Ministry of Information and Communications (MIC) and the Vietnam Chamber of Commerce and Industry (VCCI) held a press conference to announce and launch the "Make in Vietnam Digital Technology Product" Awards 2023 in Hanoi on July 12.

Vietnam’s automobile market grows 15% in H1/2023

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from the previous month, VAMA announced on July 12.

Vietnam Airlines pilot to face dismissal for positive drug test

The Vietnam Airlines pilot who was found to be positive for a banned substance in late April is facing a dismissal, according to the airline.

Tropical depression or storm likely to emerge in East Sea in mid-July

Disturbances are likely to occur on the tropical convergence belt between July 15 and July 20, with this forecast to develop into a tropical depression or storm over the East Sea.

To tax or not to tax: survival of gaming industry depends on ministry

Vietnamese game firms have called on the Ministry of Finance (MOF) to rethink the intention to impose luxury tax on games, saying that the tax will cause Vietnamese games to lose competitiveness and the home market controlled by pirated games.

Chinese automaker could face slow sales of microcar in VN

Wuling HongGuang MiniEV has reaped fruit in the Chinese automobile market thanks to low prices, but this doesn’t mean it will succeed in Vietnam.

Vietcombank Remittance sets up comprehensive cooperation with EzyRemit Worldwide

Vietcombank Remittance and EzyRemit Worldwide inked a comprehensive cooperation agreement at a ceremony in HCM City on July 12.

BlackPink tour could spark expansion of music tourism in VN

The excitement among Vietnamese youth about the BlackPink concerts slated for July could serve as a catalyst for the development of music tourism in the country.

Businesses must rely on data to compete with rivals

Tran Tinh Minh Triet, solution director of SAP Vietnam, has emphasized the need for business data amid the era of digital transformation.