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Vietnam among 21 richest countries in Asia

Vietnam ranked 16th among the tip 21 richest countries throughout Asia, as compiled by Insider Monkey, a finance website focusing on financial markets, hedge funds, and insider trading.

More power cuts expected this summer as peak load hits all-time high

Production businesses and people are likely to suffer from more power cuts amid the northern and central regions set to endure more scorching heat waves over the summer.

Australian PM savours Vietnamese foods, drinks locally brewed beer

In addition to "banh mi" and "bia hoi", PM Albanese also enjoyed boiled peanuts, grilled chopped fish, grilled pork and dried soya curds mixed with fresh onion leaves.

VIETNAM BUSINESS NEWS JUNE 5/2023

Hanoi’s economy on path to recovery

Vietnamese naval ship joins naval exercise in Indonesia

Ship 20 of the Naval Region 3’s Brigade 172 anchored in Makassar, Sulawesi, Indonesia, on June 4 to participate in the 4th Multilateral Naval Exercise Komodo (MNEK), according to the Quan doi Nhan dan newspaper.

Vietnam discovers 158 new species during 2021-2022

Vietnam discovered 158 new species during 2021-2022, according to a report recently released by the World Wide Fund for Nature (WWF).

Australian Prime Minister wraps up Vietnam visit

Australian Prime Minister Anthony Albanese and his entourage left Hanoi on June 4 evening, concluding a two-day official visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.

ASEAN Para Games 12: Vietnam ranks second after first competition day

Vietnam bagged 15 gold medals, ranking second in the tally after Indonesia (23 golds) as of 20:30 on June 4 - the first official competition day of the 12th ASEAN Para Games that is taking place in Cambodia.

No-fly, restricted zones to UAVs, ultra-light craft to be test operated

The Ministry of Defence has issued a plan to publicise the test operation of no-fly and restricted zones to unmanned aerial vehicles (UAVs) and ultra-light flying craft.

Layoffs could last until year-end: experts

Layoffs could run until the end of 2023 as firms continue to trim their ranks in line with slumping global demand, experts have said.

Vietnam, Australia strengthen science, technology, innovation cooperation

Prime Minister Pham Minh Chinh and his visiting Australian counterpart Anthony Albanese on June 4 witnessed the exchange of a number of cooperation agreements between the two countries.

F&B more robust with boom in VN low-end market

The rapid expansion of foreign food and beverage (F&B) chains in Vietnam was making the domestic market more robust despite the trend of tightening spending in a global downturn.

Vietnamese delegation active at 20th Shangri-La Dialogue

The Vietnamese delegation to the 20th Shangri-La Dialogue attended plenary sessions, the official banquet and bilateral meetings on the sidelines of the event, which took place in Singapore from June 2-4.

Finance Ministry proposes reducing 50% of various fees and charges

The Ministry of Finance has proposed reducing by 10% to 50% of fees and charges in the securities sector, fees for appraisal of licenses for international travel service business, and for issuance of ID cards from July 1 to December 31, 2023.

Vietcombank permitted to raise capital to 2.3 billion USD

The State Bank of Vietnam allowed Vietcombank to raise its charter capital from 47 trillion VND (2 billion USD) to 55 trillion VND (2.3 billion USD) by issuing shares to pay dividends from the remaining profits of 2019 and 2020.

Talents don’t want to be civil servants in Hanoi, scientists say goodbye to HCMC

The Ministry of Home Affairs is building a national strategy on attracting talents for important posts by 2030 with a vision towards 2045, which is expected to be submitted to the government for issuance in 2023.

Track-and-field athletes to vie for medals at Asian Championship in Bangkok

Vietnam will send a 16-strong team to compete at the 25th Asian Athletics Championship in Bangkok, Thailand, from July 12-16.

Youth bear more pressure than previous generations: studies

Unlike their grandparents and parents, youth nowadays who live in the technology era have to face multiple stressors in their childhood.

Vietnam Register clarifies inspection extension rule

The Ministry of Transport just released Circular 08/2023, with effect from June 3, which revises and supplements some provisions of its Circular 16/2021 on vehicle safety inspection and environmental protection.

Vietnam sugar industry hopes to regain home market

In the last five years, Vietnam has been heavily relying on foreign sugar supply. But the state’s efforts and international performance are bringing a golden opportunity to Vietnam to regain its home market.