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Creating artworks from scrap paper

Scrap paper may be useless to many people, but for some it is a valuable material to create incredible artworks.

Digital transformation in Vietnam encountering challenges

The establishment of the national big data and integration of databases are the most critical foundation for the national digital transformation. In this process, many obstacles have arisen, posing grave challenges to the state leaders.

Green transition requires huge investment in infrastructure

Green transition in Vietnam would require new investments in at least 60 per cent of the country's infrastructure, according to PwC.

VN livestock industry faces pressure from imported meat, FDI enterprises

The Vietnam Poultry Association has urged the Prime Minister to implement specific support policies for farmers, who are currently facing intense competition from foreign meat imports and FDI enterprises that are dominating the market.

A ‘confidence crisis’ created by non-life insurers

Millions of insurance policies have been sold via banks, but it is unclear how many people took out the policies on a voluntary basis and understood the real nature of the products.

Lenders to benefit in SBV debt reposition

The State Bank of Vietnam’s fresh set of policies are anticipated to ameliorate the financial strain faced by both creditors and debtors, as well as establish a robust legal framework for debt restructuring to be allocated over a two-year period.

Vietnam makes efforts to crack down on IUU fishing

After three inspections, the European Commission (EC) said Vietnam has made improvements in the process of removing illegal, unreported, and unregulated (IUU) fishing.

Prime Ministers of Vietnam, Luxembourg hold talks in Hanoi

Prime Minister Pham Minh Chinh and his Luxembourg counterpart Xavier Bettel held talks in Hanoi on May 4, affirming both sides’ wish and determination to lift bilateral relations to a new development stage that is more substantive and effective.

VN retail power price up 3% from May 4

The average retail price of electricity increases 3% to 1,920.373 VND (0.082 USD) per kWh from May 4, following a decision by the Vietnam Electricity (EVN) on adjusting the electricity retail prices.

Vietnam opposes Australia’s issuance of items with “yellow flags”

Vietnam regrets and resolutely opposes that the Royal Australia Mint and Australia Post have issued items with the image of a “yellow flag”, the flag of a defunct regime, stated the Foreign Ministry’s Deputy Spokesperson Pham Thu Hang on May 4.

HCM City calling for foreign investments for innovative startups

HCMC has lately issued various consistent policies to boost innovative startup activities and formed strong connections with global startup communities, helping many startup projects to reap profound benefits.

Xin Man district exports 90 tons of pickled radish to Japan

Through a new project, agricultural products of the border commune of Xin Man of Ha Giang province have gradually built their names and entered foreign markets.

Young people return to nature to relieve 'post-holiday blue'

Due to post-holiday blue syndrome, many young people tends to return to the nature with camping, trekking trips to relieve stress and regenerate energy.

Vietnam sees 41 new projects abroad licensed in last four months

In the first four months of this year, Vietnam saw 41 new projects abroad licensed with the investment from Vietnam reaching US$140 million, a decline of 51% compared with that of the same period last year.

Vietnam to import electricity from Laos from mid-May

The Bo Y 220kV switching substation in the Central Highlands province of Kon Tum will receive electricity from the Nam Kong 2 and 3 hydropower plants of Laos by May 15 this year to integrate it with the Vietnamese electricity grid.

VN tourism industry rakes in cash from bumper national holiday

The recent five-day national break from April 29 to May 3 saw tourist destination and entertainment centres across the country attract hordes of holidaymakers, and it was no surprise that the local tourism industry coned it.

VIETNAM BUSINESS NEWS MAY 4/2023

Int’l flights, passengers via Noi Bai airport surge during five-day holidays

Promoting construction of Huu Nghi - Youyi Guan int’l tourism cooperation area

Promoting the official operation of the specialized cargo transport route in the 1088-1089 area and become a customs clearance route at Huu Nghi (Vietnam) - Youyi Guan (China) international border gate before June 1 2023.

Companies slow down their listing plans amid market turbulence

Most companies are slowing down their listing plans in the context of unfavourable market movements and poor business performances, with some even withdrawing their listing documents.

VIETNAM NEWS HEADLINES MAY 4/2023

President leaves for coronation of King Charles III