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VIETNAM BUSINESS NEWS MAY 20/2023

State-owned banks continue cutting deposit interest rates

Vietnam to host group stage at AFC U23 Asian Cup 2024 qualifiers

The nation will be one of 11 host countries for the group stage of the AFC U23 Asian Cup 2024 qualifiers, as announced by the Asian Football Confederation (AFC) on May 19.

HCM City to host Vietnam-ASEAN culture, food festival

Ho Chi Minh City will host the 2023 Vietnam-ASEAN Culture and Food Festival at the Hoa Lu Stadium from May 25-28.

Indian Navy ships visit central Da Nang city

Two Indian Navy ships, guided missile destroyer INS Delhi and multi-purpose stealth destroyer INS Satpura, docked at Tien Sa port on May 19, starting a courtesy visit to the central city of Da Nang.

Visitors enjoy murals at Quy Nhon fishing village

The paintings reproduce the cultural features of the coastal region, which attract tourists to the fishing village of Nhon Ly in Quy Nhon city in Binh Dinh.

Winners of Ho Chi Minh Awards, State Awards for Literature and Arts honoured

Winners of the 2022 Ho Chi Minh Awards and State Awards for Literature and Arts were honoured at a ceremony in Hanoi on May 19, the birthday of the late President.

15th National Assembly’s 5th session to open next week

The 15th National Assembly (NA) will open its fifth sitting on May 22 following a preparatory session the same day, heard a press conference in Hanoi on May 19.

Party leader’s book on socialism published in seven foreign languages

The new versions in seven foreign languages of the book “Theory and Practice of Socialism in Vietnam” by Party General Secretary Nguyen Phu Trong made debut at a ceremony in Hanoi on May 19.

PM attends announcement of direct Hanoi-Hiroshima air route

Prime Minister Pham Minh Chinh on May 19 attended a ceremony to announce the first direct air route between Vietnam's capital city of Hanoi and Japan's Hiroshima prefecture.

Vietnamese PM meets RoK President

Prime Minister Pham Minh Chinh held talks with Republic of Korea (RoK)'s President Yoon Suk Yeol on May 19 in Hiroshima, Japan, as part of his trip to attend the expanded Summit of the Group of Seven (G7).

Hydraulic power cheap, coal-fired power becoming more expensive

Electricity of Vietnam (EVN) is buying electricity from different sources, including hydropower, coal-fired, wind power, solar power, gas turbines and imports.

Cao Bang preserves cultural values and customs of ethnic minorities

In recent years, Cao Bang province has paid attention to preserving and promoting traditional cultural values and good customs and traditions of ethnic minorities.

Chip-based citizen ID card used for payment of public services

The National Population Data Center (under the Public Security Ministry) yesterday introduced its payment ecosystem in the event of Banking Digital Transformation Day 2023.

Incurring big losses, poultry farmers seek assistance

The Vietnam Poultry Association (VIPA) has proposed a series of urgent measures to rescue farming households from bankruptcy.

Vietnam to create network of 500 experts for digital transformation

The Ministry of Information and Communications (MIC) is forming a network of 500 experts in digital transformation this year, including 100 e-government experts.

Entrance tickets needed for heritage restoration: Hoi An mayor

The chair of Hoi An City People’s Committee Nguyen Van Son said that Hoi An excursion tickets have been sold for many years and are an important source of revenue, which will be used to upgrade the infrastructure of the famous ancient town.

VIETNAM BUSINESS NEWS MAY 19/2023

HCMC builds roadmap for issuing apartment ownership certificates

Gov't chief arrives in Hiroshima for G7 Summit and working sessions in Japan

Prime Minister Pham Minh Chinh and his high-ranking delegation arrived at Hiroshima airport at 13:55 on May 19, starting a business trip to attend to the expanded summit of the Group of Seven and a working visit to Japan from May 19 to 21.

FPT Smart Cloud sets its sights on Indonesia

To show its commitment to the finance sector and Indonesian market, FPT Smart Cloud participated in the Retail Banking Asia Summit, held in Jakarta on May 17.

Billionaire Pham Nhat Vuong: VinFast's valuation will exceed US$23 billion

Vingroup Chairman Pham Nhat Vuong said that VinFast may become Vingroup’s top project.