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Vietnam’s regulatory interest rates to further down in third quarter: UOB

The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2%, and forecast that Vietnam will continue to cut regulatory interest rates in the third quarter of this year to stimulate its economy.

VIETNAM NEWS HEADLINES JULY 5/2023

ASEAN Working Group on Chemicals and Waste to gather in Hanoi

Vietnam likely to keep inflation below 4.5% in 2023: Economists

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

90% of households in HCMC to have broadband Internet by 2025

HCM City authorities have decided that the majority of residents will have broadband by 2025 and smartphones for internet connection.

FPT Smart Cloud partners with Home Credit Indonesia

FPT Smart Cloud has joined forces with Home Credit Indonesia - a tech-based financing company with 6-million customers - in an official strategic partnership for AI development.

Forestry products bring home over 6.4 billion USD from exports in H1

Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.

Hanoi considers possible sites for airports

With the first option, the airport would be located in an area belonging to four communes in Thuong Tin and Thanh Oai districts. With the second option, it would be in five communes in Ung Hoa district.

Korean retailers eye opportunities in Vietnam

Retail firms of the Republic of Korea (RoK) are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population.

Copyright infringement enters new phase in Vietnam

The Alliance for Creativity and Entertainment (ACE) says that many pirated websites are being managed by Vietnamese.

SSC warns investors of fake documents

The State Securities Commission (SSC) on July 3 warned investors that there are forged documents to deceive investors, specifically the fake certificate of registration of establishment of public funds issued on May 10, 2023.

GDP grows slowly, stock market remains sluggish

The stock market has been fluctuating heavily because of profit-taking pressure. However, there has been no sign of cash withdrawal as foreigners continue to buy.

Ministry builds two scenarios for GDP growth in H2

The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.

Vietnam an ideal destination for retiree expats once visa policy eased

Some international reports and websites have listed VN among the countries that are friendly to retiree expats for its affordability, however, those who want to retire here are being hampered because of challenges they need to overcome to get a visa.

The breathtaking landscape of Thach Ky Dieu Tau

Thach Ky Dieu Tau, with its distinct rock formations blending with the blue sea at Sa Ky sea gate, creates a stunning beauty that leaves many tourists in awe at first sight.

HCM City to build seven new logistic centres

The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3.

Send-off ceremony for female footballers to 2023 FIFA World Cup

A ceremony was held in Hanoi on July 4 to send off footballers to the 2023 FIFA Women’s World Cup which is scheduled to take place in New Zealand and Australia from July 20 to August 20.

VN advocates int’l cooperation to ensure human rights amid global challenges

Assistant to the Vietnamese Foreign Minister Nguyen Minh Vu led a Vietnamese delegation to the annual discussions on women’s rights, climate change and a dialogue with the Special Rapporteur on Extreme Poverty.

Another suspect in Dak Lak terrorist attacks put on special wanted list

One more suspect in the case of "terrorism aimed at opposing the people's administration" in the Central Highlands province of Dak Lak has been put on the special wanted list.

Removing obstacles to production and business must be prioritised: PM

PM Pham Minh Chinh asked ministries, agencies and localities to prioritise removing obstacles to production and business while chairing a teleconference between the Government and localities, and a regular cabinet meeting in Hanoi on July 4.

AIC Group’s former chief accountant surrenders

Do Van Son, former chief accountant of the Advanced International Joint Stock Company (AIC Group), who has been wanted for further investigations into a medical equipment bidding scam, has turned himself in to police.