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VIETNAM BUSINESS NEWS JULY 9/2023

Policy solutions needed to help businesses access capital: State bank governor

Vietnamese firms urged to shift to official cross-border exports

The Ministry of Industry and Trade (MoIT) is collecting opinions on amending and supplementing a number of articles of Decree No. 14/2018/ND-CP detailing border trade activities in order to speed up the shift to official export.

Chinese arrested in gambling bust in southern Vietnam

The police of Binh Duong province, southern Vietnam, have successfully busted a gambling ring, taking 12 Chinese nationals into custody in the process.

European football clubs keep tabs on VN female footballer

Several football clubs in France, Germany and Thailand are keeping their eyes open on Thanh Nha, a female player of the Vietnam national football team, thanks to her impressive performances displayed over recent years.

Vietnam updates EC on efforts to combat IUU fishing

The delegation updated the EC side on Vietnam's progress in implementing the EC’s recommendations made by its inspection team to Vietnam in October 2022.

US continues to impose anti-subsidy duty on Vietnamese steel coat hangers

The US Department of Commerce (DOC) has announced that it will continue to impose anti-subsidy duty of up to 31.58% on steel coat hangers imported from Vietnam.

“Shrek the Musical” to debut in Hanoi for first time

The musical “Shrek” from the famous Broadway stage will be performed for the first time at the Hanoi Opera House.

Ample room remains for food processing industry’s development

There remains an ample room for the food processing industry to develop further and attract more investment, experts have said at a recent seminar on new trends and technologies in the food processing field held in Ho Chi Minh City.

Binh Lieu preserves soong co melody

Among the traditional cultural values of the San Chi people, "soong co" is a unique folk song in the folk cultural and artistic treasure of Binh Lieu district, Quang Ninh province.

VIETNAM NEWS HEADLINES JULY 9/2023

Throughout its operation, the project received criticism from the community due to its lack of responsibility toward customers and the poor quality of its products.

Vietnam-Laos sub-border gate proposed for upgrade into main border gate

The working group of the Vietnam - Laos Border Steering Committee of Quang Tri province led by Mr. Ha Sy Dong, Standing Vice Chairman of the Provincial People's Committee.

Big money moving in market

After the State Bank of Vietnam (SBV) brought down its policy interest rates for the third time in late May, liquidity in the stock market started to vastly improve.

Tourism expected to take off if new measures are successful

The government’s Resolution 82 on boosting tourism is hoped to create momentum for Vietnam’s tourism with the goal possibly exceeding 8 million foreign travelers for 2023.

Bright spots in challenging market

Amidst the overall gloomy economic conditions faced by manufacturers in both local and international markets, a few businesses are showing positive signs of growth, managing to navigate through challenges to expand their operations.

Parents queue early at schools to scramble for seats for children

As many as 33,000 secondary school graduates have failed the entrance exams to public high schools. Parents have been struggling to find suitable high schools for their children.

Vietnam sees prospects to increase rice exports in H2

The rice industry expects to gain an output of 43.11 million tonnes this year. Rice exports are expected to reach around 8 million tonnes in 2023,...

Omnichanel increasingly the solution for sky-high rents

Although luxury brands are still coming to Vietnam, the expensive facades of the central streets of Ho Chi Minh City have been empty at an unprecedented level over the past three years, and the omichannel method is now being favoured.

Hau Giang launches "Action Month for Children 2023”

Hau Giang province on June 1 launched the Action Month for Children 2023, with the theme "Joining hands to reduce harm to children".

Global businesses laud growth in Vietnam

Despite instability in the banking system and the constant periodic raising of interest rates, Vietnam still emerged with an impressive GDP growth rate in 2022 and a positive forecast for 2023.

Imports flood Vietnam, reducing domestic production

The market opening and tariff removals under the framework of free trade agreements have paved the way for foreign products to flood the domestic market. But Vietnam has no technical barriers to protect domestic production.