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Vietnamese PM emphasises core factors of ASEAN at 42nd summit

The Vietnamese leader emphasised that strengthening solidarity and unity should be the key task for an independent, self-resilient ASEAN.

VIETNAM BUSINESS NEWS MAY 10/2023

EVN pushes for direct consumer involvement in VREM

Inflationary caution still to be heeded for rest of year

A rebound in retail and consumption services and a rise in prices of input materials are expected to cause pressure on the country’s efforts to rein in inflation in the coming months.

RoK tourists on top of the list of foreign travelers to Vietnam

The Republic of Korea surpassed other countries as the largest supplier of travelers to Vietnam in April, according to the Vietnam National Administration of Tourism (VNAT).

VIETNAM NEWS HEADLINES MAY 10/2023

NA Standing Committee’s 23rd session opens

HCM City expects higher economic growth by year end

HCM City’s economy saw positive improvement in April. Though difficulties still exist, researchers believe that the city might obtain a growth rate of 16 percent in the third quarter.

Vietnam’s forex reserves forecast to recover by year-end

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to 95 billion USD by the end of the year as the State Bank of Vietnam rebuilds its stockpile.

Ministry proposes salary policy reforms after 2023

The Ministry of Home Affairs has proposed the Government build a plan for salary reforms, in which the lowest wage in the public sector will be increased to the regional minimum wage of employees at enterprises.

Verification to be required for all social network users: Official

New regulations governing the use of online information are being drafted and issued within 2023, under which all users of social networks, including foreign ones such as Facebook, YouTube, and TikTok, will be required to verify themselves.

Italian naval ship visits Ho Chi Minh City

Italian patrol vessel ITS Morosini, with a crew of 132 officers and sailors commanded by Lieutenant Colonel Giovanni Monno, docked at Ho Chi Minh City port on May 9, starting a four-day visit to the city.

Bamboo Airways to raise charter capital to nearly 1.3 billion USD

Bamboo Airways is planning to raise its charter capital to 30 trillion VND (nearly 1.3 billion USD) to restructure its debts and increase capital for its core and support business activities.

Runner Nguyen Thi Oanh secures two golds in just 20 minutes

Vietnamese runner Nguyen Thi Oanh pocketed two gold medals in just 20 minutes at the ongoing 32nd Southeast Asian Games (SEA Games 32) in Cambodia on May 9.

Ministry asks Philippines to help Vietnamese nationals rescued in Pampanga

The Ministry of Foreign Affairs has instructed its Consular Department to contact the Philippine Embassy in Vietnam and ask for support in assisting the Vietnamese citizens among the over 1,000 forced labourers recently rescued in Pampanga province.

First Da Nang Asian Film Festival opens

The first Da Nang Asian Film Festival (DANAFF I) was officially kicked off in the beach central city of Da Nang on May 9.

SEA Games 32: Vietnam retains gold medals in many sports on May 9

Vietnam successfully defended its championship in many sports of its strength and secured nine more gold medals on May 9, at the ongoing 32nd Southeast Asian Games (SEA Games) in Cambodia.

Renewable investors voice grievances over price negotiations, delays

Wind and solar power investors continued to voice their grievances over difficulties in price negotiations and extending project deadlines with the Power Trading Company (EVNEPTC), a subsidiary of Vietnam Electricity (EVN) Group.

Broadcast agencies asked to 'discourage' appearance of celebrities violating law

Artistic units and broadcasting agencies will be asked to impose broadcast restrictions on appearances of celebrities who violate laws on the TV or internet.

Banks cut workforce, raise salaries and allowances

Banks’ financial reports show that as of March 31, 286,000 employees were working at 34 domestic commercial banks. Eleven commercial banks cut staff in the first quarter of 2023, but most gave a pay rise to their workers.

Ample room for rice exports

Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.

Status of condotel ownership may require further direction

Decree 10 is considered a good sign for project developers and buyers of condotels, with some experts predicting that the move will remove long-standing problems in the issue of ownership certificates for condotels.