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VIETNAM BUSINESS NEWS JULY 10/2023

Cross-shareholding poses risks to financial system

Selling fresh fruit via live streaming forecast to boom

Selling fresh fruit and agricultural products through live streaming, a trend that has exploded in the Chinese market recently, will likely boom in Viet Nam as well, trade experts have forecast.

VN sees good performance on industrial property in H1

Industrial property was a bright spot in the Viet Nam real estate market through the first half of this year, according to CBRE Viet Nam.

Ministry reduces import taxes on gasoline and oil

The Ministry of Finance (MoF) has just announced the reduction of the gasoline import tax to 5.62 per cent while increasing the standard cost of the gasoline base price by VND30 per litre.

VIETNAM NEWS HEADLINES JULY 10/2023

New experiencing route in Non Nuoc Cao Bang Geopark launched

Korean language learning now booming in Vietnam

Over 50,000 students are studying Korean at more than 60 universities and colleges in Vietnam, making it the top Asian language in terms of the training scale.

Beach activities promote tourism in Da Nang

Alongside tourist events, the city will also be organising an international marathon in August and the ASEAN Student Sports Games at the end of the year.

Over 14,240 public employees recruited to replace quitters

More than 14,240 officials, civil servants and public employees have been recruited to promptly replace the number of those who resigned from 2020 to mid-2022, the Ministry of Home Affairs has announced

HCM City: 163,000 labourers find jobs in H1

In June alone, economic sectors in the city employed more than 26,500 labourers and created nearly 12,000 new jobs, with most jobs in the areas of trade, services, and industrial production.

VN cyclist has accident, leaves Giro d'Italia Donne 2023

Leading Vietnamese cyclist Nguyen Thi That said she has regretted early leaving Giro d'Italia Donne 2023 after having an accident in stage 8.

Vietnam requests removing Chinese film with nine-dash line scene

The Cinema Department of Vietnam has requested Netflix Vietnam and FPT Telecom JSC removing series of the Chinese movie Flight To You as the movie contains scenes of the nine-dash line, violating Vietnam’s sovereignty.

VN real estate market is expected to recover in H2/2023

The domestic real estate market is forecast to recover in the second half of the year thanks to policies issued so far in 2023.

France wins Da Nang International Fireworks Festival 2023

The French team won the championship at the Da Nang International Fireworks Festival (DIFF) 2023 after a spectacular performance on the Han River in the central coastal city of Da Nang on July 8 evening.

Vietnam becomes largest ASEAN trading partner of Cambodia

Vietnam became the largest trading partner of Cambodia among members of ASEAN in the first five months of 2023 as bilateral trade made up nearly 50% of the total between Cambodia and ASEAN members during the period.

Ho Guom Opera opens in Hanoi downtown

The Ho Guom Opera of the Ministry of Public Security (MPS) was unveiled in the presence of Prime Minister Pham Minh Chinh at a ceremony in Hanoi on July 9.

Stock market see upswing in H2, bolstered by lower interest rates

With the expectation that interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.

German companies have high expectations of Vietnam market: survey

German businesses in Vietnam are more confident about growth and have positive expectations about the country’s economic growth than they did in autumn 2022, according to a biannual survey.

Stock manipulation cases result in prison sentences for company presidents

In several big stock manipulation cases, share prices fluctuated dramatically several within a short time. The businesses with poor business performance were even praised sometimes on social networks.

Da Lat needs more greenery, not concrete

More than 90 years ago, French architects, when planning Da Lat development, warned that underground and surface water would be enough for only 120,000 people. In 2020,  the population had reached VND620,000-650,000.

Agriculture sets records, tourism recovers, disbursement speeds up in H1/2023

Satisfactory results have been reported about Vietnam’s economy in the first half of the year. The GDP growth rate of 6.3-6.7 percent for 2023 appears within reach.