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VIETNAM BUSINESS NEWS MAY 22/2023

Vietnam, Japan foster cooperation in aerospace supporting industry

European Film Festival 2023 opens in Hanoi

Vietnamese movie lovers will be enthralled by an array of the best 19 films from EU member countries during the European Film Festival (EUFF) 2023, which opened in Hanoi on May 21.

Vietnamese population hits 100 million this year – a bittersweet story

Vietnam’s population is scheduled to reach 100 million this year, making it the 15th most populous country worldwide.

Vietnam ranks second globally for bauxite reserves

Vietnam boasts the world’s second largest supply of bauxite reserves of 5.8 billion tonnes, according to statistics released by the U.S. Geological Survey.

Removing policy bottlenecks to facilitate businesses

Thousands of business conditions and administrative procedures have been abolished or simplified, greatly facilitating businesses.

AI expected to ease burden of huge digital data for Vietnamese firms

Businesses are all carrying digital debt. The volume of data, emails and chats has outpaced their ability to process it all, according to the 2023 Work Trend Index report: “Will AI Fix Work?” newly released by Microsoft.

PM’s trip to Japan, attendance at G7 expanded summit a success: Foreign Minister

Prime Minister Pham Minh Chinh’s freshly ended trip for attendance at the expanded Summit of the Group of Seven (G7) and a working visit to Japan was a success in both bilateral and multilateral aspects.

Industry insiders anticipate tourism boost as 90-day visa brought to NA meeting

Will Vietnam's tourism see a boost soon? Industry insiders are optimistic about future prospects as the Government weighs up a 90-day e-visa to gain a competitive edge as a leading tourism destination.

Condotels, officetels, resort real estate to be granted red book

When condo hotels and tourism villas are granted red books (land-use rights certificates), investors’ confidence will be restored.

Vietnamese consumers encouraged to purchase domestic fruits

Domestic consumers appear to be confused about information on domestically grown fruits and think the products are not safe enough, even though developed and neighboring markets have been buying Vietnam’s fruits for many years.

Shortage, but abundance

Despite looming concerns over a shortage of electricity this summer, many completed wind and solar power projects have yet to be connected to the national grid, given protracted pricing problems.

Conquering Duong Cam Waterfall in one day

Situated in the Dong Chau – Khe Nuoc Trong Nature Reserve, the Duong Cam Waterfall only adds to the vivid and majestic natural beauty of Quang Binh.

Entertainment and cultural events of the week (May 22-28/2023)

Entertainment and cultural events in Vietnam's major cities on May 22-28.

Vietnam to buy electricity from China to ease shortage

The Northern Power Corporation will buy electricity from China’s Guangxi Power Grid Company to ease the power shortage this summer.

Hanoi to apply many food safety solutions

It aims to enhances trade, connection, and supply chain to serve the citizens.

Another World art exhibition to open in HCM City

Không Gian Khác (Another World), a solo art exhibition, will open in HCM City from May 21 to 28 in a 130-year-old house at No 29-31 Ton That Thiep.

First ever logistics expo to open in HCM City in August

The very first Vietnam International Logistics Exhibition (VILOG) will be held in Ho Chi Minh City from August 10 to 12 by Vietnam Logistics Business Association (VLA) and VINEXAD Company.

Retail businesses improve quality to gain competitive advantage

The presence of foreign-invested enterprises in Vietnam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

Government leader delivers three peace messages at G7 expanded Summit’s session

Prime Minister Pham Minh Chinh on May 21 delivered a speech at the G7 expanded Summit’s working session named "Towards a Peaceful, Stable and Prosperous World”.

First all-cargo air service between Vietnam, UK launched

TT Meridian, a leading international logistics and trading company specialising in the UK and Vietnam markets, on May 19 announced a new all-cargo air route between the UK and Vietnam via Turkmenistan.