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Growth target beyond reach?

As external factors – like weaker consumption in the U.S. and EU markets and stagnant recovery in China – are unfavorable, Vietnam will have to make the most of the domestic market in the second half of the year to achieve the growth target of 6.5%.

Many FIEs suffer losses, pay modestly to State budget

More than 25,000 foreign-invested enterprises (FIEs) exist in Vietnam, compared to nearly 800,000 local firms. But the FDI companies are the main players in most fields.

Hanoi begins legal proceedings against former policemen killing people’s goats

The Hanoi People’s Procuracy on Friday began legal proceedings against three former policemen for robbery.

Vietnam, China hold negotiations on maritime issues

VN and China held the 16th round of negotiations of the working group on the sea area beyond the mouth of the Gulf of Tonkin and the 13th round of talks of the working group for consultation on cooperation for mutual development at sea on July 4.

Vietnam's banking sector faces uphill battle in 2023: FiinGroup

Vietnam's banking sector is grappling with stagnant credit growth, rising non-performing loan (NPL) ratios, and the need for sustainable credit activities.

Chinese micro electric cars enter Vietnamese market

Vietnamese like the convenience and practicality of micro electric cars which allow them to travel within the city, but the high prices and the lack of smart technologies may keep them from buying, analysts say.

Stable economic environment a must to fuel national growth in H2

The latest statistics unveiled by the General Statistics Office (GSO) show the Vietnamese economy expanded just 3.72% during the first half of the year.

Number of searches for ChatGPT declines in second quarter

A survey by Coc Coc, a well-known Vietnamese browser, found that searches for ChatGPT in Vietnam decreased by 6 percent in the second quarter 2023 compared to the second quarter, and use of has AI Chat and Ai Search increased by 101 percent.

New resolution on special mechanisms for HCMC issued

National Assembly Chairman Vuong Dinh Hue has signed Resolution 98/2023 approving several special mechanisms and policies for the development of HCMC.

VSA calls for technical barriers on steel imports

The Vietnam Steel Association (VSA) has proposed the Government set up technical barriers and quality inspection procedures for steel imports into Vietnam.

Most of storms to affect Vietnam in Aug-Oct

Most storms and tropical depressions have been forecasted to affect the East Sea and Vietnam between August and October.

91% of German businesses keen to expand investment in Vietnam

Approximately 91% of German financiers expressed a keen interest in pouring further investment and expanding their business activities in the Vietnamese market, according to the survey conducted by the German Chamber of Commerce and Industry (DIHK).

Natural disasters leave 49 dead over six-month period

Natural disasters hitting localities throughout Vietnam had left 49 dead and 36 missing over the past six months, reported the Ministry of Agriculture and Rural Development (MARD).

Feast of Hanoi delicacies through paintings

The event showcases the best culinary drawings, taking visitors on an exciting, unique culinary journey through fine art.

EC sets to visit Vietnam in October for checking IUU implementation

The Ministry of Agriculture and Rural Development yesterday held a press conference to review its activities implementation in the first six months of the year.

VIETNAM BUSINESS NEWS JULY 7/2023

EU considered potential destination for Vietnamese rice

Guidance necessary for the new VAT plan

Businesses are expecting another VAT reduction of 2 per cent from this month, along with clear guidance documents to ensure favourable implementation.

The world's most beautiful fishing village on Ha Long Bay sinking

Named in the top most beautiful fishing villages in the world, Cua Van on Ha Long Bay, Quang Ninh Province has been seriously degraded.

VIETNAM NEWS HEADLINES JULY 7/2023

Vietnam emerging as Southeast Asia's new tourist hot spot

ICT revenue drops on struggling economy

Revenue from the communications and information industry saw a significant drop in the first half of this year due to the difficult global and domestic economic situation, according to the Ministry of Information and Communications.