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VIETNAM BUSINESS NEWS AUGUST 13/2023

Mekong Delta’s export turnover in 6 months reaches over US$10 billion

Man with cerebral palsy graduates from university, expects to teach history

Six years ago, Le Ngoc Tan Anh, who has cerebral palsy, brought his great passion for journalism when entering the exam room. Though his dream did not come true, he eventually obtained a higher education level, and expects to become a teacher.

High logistics costs hurt Vietnam’s economic competitiveness

Inadequate transport infrastructure and connectivity, and domestic enterprises’ low capacity and slow technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry, experts have said.

VIETNAM NEWS HEADLINES AUGUST 13/2023

Techfest Hanoi 2023 slated for October

Multiple culture, tourism events to be held in localities in remaining months

As of July, the tourism sector had achieved 83% of its yearly target in the number of international visitors, according to the Vietnam National Administration of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism.

Vietnam participates in negotiations on global treaty on plastics pollution

Vietnam has actively participated in discussions and contributed ideas in the negotiation process of a global treaty on plastics pollution, an official has said.

Farm-produce exports to UAE: signs of fraud detected at buyer’s bank

Regarding the case of farm produce exports to the UAE, reported by VietNamNet several days ago, the buyer’s bank in the UAE has checked the payment procedures and found signs of fraud, and is carrying out an internal investigation.

Issuance of criteria for “made-in-Vietnam” products stuck for years

Regulations on criteria for “made-in-Vietnam” products have not been issued since the Ministry of Industry and Trade’s proposal five years ago due to difficulties in origin traceability and worries over the burden of compliance costs on enterprises.

Vietnam’s fuel import down 13.5% in value in seven months

Domestic enterprises imported a total of 6.26 million tonnes of petroleum products worth 4.95 billion USD in the first seven months of 2023, up 15% year on year in volume and down 13.5% in value.

Lending rate forecast to drop sharply in H2

Lending interest rates will drop sharply in the second half of 2023 as capital costs of commercial banks are falling, analysts forecast.

Airbus and partners launch community forest project in VN

Airbus, the French Chamber of Commerce and Industry in Vietnam (CCIFV) and local NGO Gaia Nature Conversation (Gaia), have jointly launched the "Community Forest" project in the Dong Nai Biosphere Reserve.

Vietnam improves legal frameworks, builds capacity to cope with climate change

The Ministry of Natural Resources and Environment (MONRE) on August 11 held a workshop reviewing ten years of implementing the 11th Party Central Committee's Resolution No.24-NQ/TW on proactive responding to climate change.

Vietnam sees great strides in saving extremely premature low weight infants

Doctors in hospitals in Vietnam have mastered advanced techniques to save premature babies weighing only 400 grams.

Vietnam gets green light to export fresh husked coconut to US

The US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) has announced its permission for Vietnam to export fresh husked coconut to the country.

Insurance sector enjoys positive earnings, attracting investors

The insurance sector is attracting the attention of investors when it comes to investment portfolios because businesses in this group have recorded positive results in recent years.

Vietnam pushes for carbon market development

Vietnam is currently devising a project to develop a domestic carbon market, focusing on the mandatory trading of GHG emissions quotas for industries and businesses in the domestic market, while also considering international market integration.

Steel pipes from Vietnam do not circumvent US trade remedy measures

The US Department of Commerce (DOC) has issued its final determination that certain imported products from Vietnam do not evade the anti-dumping and countervailing duties that the US is applying to similar items from Taiwan.

Europe train tickets to be offered in Vietnam

Anh Viet Hop on Hop off Vietnam Co., Ltd based in Ho Chi Minh City has become the official partner in Vietnam of Rail Europe Company that specialises in providing train tickets and rail passes for travel in Europe under an agreement inked recently.

Big data to help collect tax from foreign service providers

Big data on e-commerce would help the tax watchdog to efficiently collect tax from foreign cross-border IT services providers, according to Nguyen Bang Thang, director of Tax Management Department of Large Enterprises.

HCM City eyes 10% rise in waterway tourism revenue

Ho Chi Minh City’s waterway tourism is expected to earn 300 billion VND (12.6 million USD) per year this year and next year, and increase 10% in the following years.