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VIETNAM BUSINESS NEWS AUGUST 9/2023

Inflation stable, State-managed prices can be adjusted

Ta So village preserves Mong ethnic culture

The H’ Mong people in Ta So village of Chieng Hac commune have quickly attracted tourists and the government's investment to become a community-based tourism village in the near future.

HAY Glamping Music Festival to welcome famous foreign singers

Ronan Keating, the lead singer of Irish group Boyzone, and the Republic of Korea (RoK)’s hip-hop trio Epik High have been confirmed as acts for the HAY Glamping Music Festival, which is slated to take place on September 29-30 in Hanoi.

A journey to discover Lai Chau

In recent years, Lai Chau province has become a popular tourist destination, especially trekking trips to explore caves, forests, mountains and adventure sports activities.

Anti-dumping duties placed on Thai cane sugar imported into Vietnam

The Ministry of Industry and Trade (MoIT) is set to officially impose anti-dumping and anti-subsidy duties on a number of cane sugar products originating from Thailand as from August 18.

Hanoi named among world’s 21 best winter vacations for 2023

The US News & World Report has unveiled the 21 best winter vacations to enjoy this year around the world, with Hanoi ranking sixth in the list.

Central Highland province declares disaster state of emergency

The Central Highland province Dak Nong on August 8 declared a state of emergency to support recovery efforts for public works heavily damaged or badly impacted by the recent torrential rain and flooding.

VIETNAM NEWS HEADLINES AUGUST 9/2023

PM orders mitigating damage from landslides, flash floods

Income of Vietnamese workers meets just 45% of expenditure needs: survey

Most of the current income of workers does not meet their expenditure, and in some cases, it only meets 45 per cent of demand, according to a survey by the Institute of Workers and Trade Unions under the VN General Confederation of Labour.

HCM City plans to spend $3.8M to repair peninsula’s eroded embankment

The HCM City Department of Transport has proposed to fix an eroded embankment of nearly 500 metres along Thanh Đa Canal in Bình Thạnh District at a cost of VNĐ90 billion (US$3.8 million).

14 million people suffer from mental disorders in Vietnam

About 14 million people suffer from mental disorders in Vietnam, but the country has only 143 clinical psychologists and psychotherapists, the Suc khoe & doi song (Health & Life) newspaper reported.

Authorities to strictly manage cross-border distribution of cultural products

In the time ahead, the Ministry of Information and Communications (MIC) will coordinate closely with the Ministry of Culture, Sports and Tourism to manage the cross-border distribution of cultural products and deal with wrongdoings on the cyberspace.

Vietnam fuels renewable energy shift

Vietnam's Ministry of Industry and Trade has put forth innovative measures for direct electricity purchases, bypassing conventional channels and potentially accelerating the country's transition to renewable energy sources.

More Vietnamese become victims of forced-labor scams abroad

Many Vietnamese have recently become victims of rings which fool them into going abroad, especially to Southeast Asian countries, to work as forced laborers. The scams seek people by posting information on Facebook, Wechat or Viber.

Government’s pedagogical student support faces dissatisfaction

A training mechanism supporting tuition fees and living expenses for pedagogical students has received poor response from provinces.

Power enterprises see bright future despite poor results in Q2/2023

Demand for electricity is expected to continue to rise rapidly as the country’s economic growth regains momentum in the near future.

Bond issuers buy back VND135 trillion of bonds before maturity

The value of corporate bonds issued in the first seven months of 2023 was much lower than in the same period last year. Many enterprises bought back bonds in large quantities before they became due.

Major realtors sell assets as property market remains stagnant

Many enterprises have had to sell assets and subsidiaries to get cash and survive the current difficult period, as the property market faces weak liquidity and a decline in revenue.

VN electronics producers slip through the cracks

Local electronics producers stayed on the sidelines when global heavyweights moved their facilities to Vietnam and outsourced their production.

4G, 5G frequencies to be auctioned again

The Authority of Radio Frequency Management (ARFM) under the Ministry of Information and Communications (MIC) is completing procedures for auctioning of the 700 MHz frequency for 4G and 5G.