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VIETNAM NEWS HEADLINES JUNE 22/2023

PM Pham Minh Chinh to pay official visit to China, attend WEF’s meeting

VN highlights substantive dialogue, cooperation to promote human rights

At the 53rd session of the UN Human Rights Council, which run from June 19 to July 14, Vietnam continues to promote its participation as a member for the 2023-2025 tenure.

Belgian parliamentarians propose draft resolution in support of VN's AO victims

The Belgian Chamber of Representatives on June 20 held a hearing on a draft resolution in support of Vietnamese Agent Orange (AO)/dioxin.

Vietnam endowed with abundant resources to develop cultural tourism

With cultural richness and a vast array of tangible and intangible cultural heritages, Vietnam is endowed with abundant resources for the development of cultural tourism.

Land prices in Hanoi’s Old Quarter soar, but few transactions reported

The land and houses in the Old Quarter of Hanoi are at sky-high levels. In some areas, the price of one square meter is equal to the value of an entire apartment in the non-central business area.

Vietnam can earn US$200 million from selling forest carbon credit certificates

Vietnam is expected to collect US$200 million from selling certificates of forest carbon credits.

Luxury cars abandoned at ports, owners don't show up to collect

Since May, the Hai Phong Customs Agency has repeatedly issued notices on finding the owners of many luxury cars, worth tens of billions of dong, that have been left at the port for several years.

Global minimum corporate tax expected to prevent transfer pricing

The application of global minimum corporate tax from the beginning of 2024 is expected to be an effective tool to prevent transfer pricing and tax evasion, thus helping to increase State revenue through additional tax collection.

AI enters the world of Vietnamese language teaching

The manager of a foreign invested enterprise (FIE) in Vietnam wanted to learn Vietnamese language quickly so that he could read 90 percent of general documents. However, he was too busy and had only one hour, from noon to 1 pm, every day to learn.

Vietnam approaches AI early but deploys slowly

Vietnam began approaching the AI trend early and quickly, but is facing challenges in promoting the application and development of AI.

VN footwear industry must implement green development to gain growth targets

The footwear industry must implement solutions on sustainable development to fulfil the goals in a development strategy for Vietnam's garment-textile and footwear industries to 2030, with a vision to 2035, according to experts.

Public investment deemed key driver for economic growth and inflation control

Rebounds in retail and consumption services and in the disbursement of public investment are expected to put pressure on the country’s efforts to bring inflation under control this year.

Experts seek solutions to curb lump-sum social insurance withdrawals

Most of the people who made withdrawal request (up to 72 per cent) are labourers from the southern region. Low income and unstable lives are the reason of their withdrawal choice.

Many foreigners continue to buying property in Vietnam

Surging interest from foreigners prompts questions about the growing allure of Vietnam's real estate market.

Tough times for VN building materials sector

Building materials firms have witnessed gloomy business in the year to date, with a billion dollar shortfall in their revenue.

More engineers for IoT are needed, but pay is modest

The low salary of VND10-13 million per month for many IoT (internet of things) engineers is hindering the development of Vietnam’s IoT market.

Banks redeem bonds before maturity

Many local banks have bought back their bonds before maturity while others have launched new bond issues this month.

Goods prices rise, but CPI remains relatively stable

The General Statistics Office (GSO) says that, for statisticians, there is "no beautiful number or ugly number, but only numbers that truly reflect the socio-economic situation".

NA deputy call for caution in loosening requirements for foreign home ownership

National Assembly Deputies have proposed a draft regulation that would allow foreigners who invest in Vietnam and have Vietnamese nationality to own land and housing in the country.

National Assembly approves airfare caps

The National Assembly has approved maintaining airfare price ceilings in the revised Pricing Law, which was passed yesterday, June 19.