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VN attracts global semiconductor manufacturers

A number of global semiconductor manufacturers are increasing their presence in Viet Nam, making the Southeast Asian country a rising star in the world semiconductor market.

EU's regulation on deforestation-linked products head-scratcher for producers

The EU's ban on deforestation-linked imports are causing concern among Vietnamese producers as the requirements to trace commodities back to their origin can push up costs and entail finding alternative suppliers.

Hanoi establishes teams to catch stray dogs

Authorities of the capital city of Hanoi asked district administrations to set up teams of dog catchers to capture roaming dogs.

VIETNAM BUSINESS NEWS JUNE 19/2023

Vinacomin to supply 18.7 million tonnes of coal to thermal power plants in H2

Two new airports to take shape in central Vietnam

The Ministry of Transport is scheduled to build two new air terminals in central Vietnam from now till 2030, the ministry said in its transport development plan for the north-central and central coastal region till 2030 with a vision for 2045.

National Assembly to pass key bills and resolutions this week

Deputies to the National Assembly resumed their mid-year session in Hanoi on June 20 after a week-long break, focusing on legislation.

Vietnam National Administration of Tourism to be renamed as of July

The Vietnam National Authority of Tourism will replace the Vietnam National Administration of Tourism to govern all tourism services and activities in the country as of July 1, 2023.

Draft regulations on conditions to recognise foreign educational qualifications

The Ministry of Education and Training has just issued a draft regulation on the conditions and procedures for the recognition of foreign educational qualifications/diplomas for use in VN.

Labour market to keep struggling with difficulties in coming months

Ten groups of occupations are recording a sharp fall in recruitment demand, and the unemployment rate may increase, said recruiting service provider Navigos Group.

Gov’t issues guidelines for next year’s development plan

A government directive acknowledges that in the coming year, domestic and international circumstances necessitate a continued focus on overcoming limitations and weaknesses, while building upon and promoting the achieved results.

Driftwood sculpture pieces go on display in Germany

A 20-driftwood sculpture collection will go on installation at the Hoi An Garden in  Wernigerode, the twin town of Hoi An, in Germany, during the third ‘lantern festival’ in Wernigerode on August 24-27.

More work needed to improve administrative procedures on investment

Improvements in the group of investment administrative procedures are still slow and not yet in sync with policies to attract investment at the local level.

Vietnamese designer’s fashion show impresses audience in Venice

The Vietnamese Embassy in Italy has organised activities in Venice to celebrate the Vietnam-Italy Year 2023 and the 50th anniversary of the two countries' diplomatic ties, with highlights being a fashion show featuring outfits by Hoang Hai.

Hurdles remain on HCM City's way to yearly growth target

Ho Chi Minh City is facing challenges to realise its yearly growth target of 7.5%, as the rates recorded in the first and second quarters failed to meet expectations.

Average payments via banks reach US$40 billion a day: insider

Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging 40 billion USD per day, according to Pham Anh Tuan, Director of the State Bank of Vietnam (SBV)’s Payment Department.

VIETNAM NEWS HEADLINES JUNE 19/2023

PM attends inauguration of two expressways in south central region

Hanoi to expand pedestrianizing streets around Hoan Kiem Lake

The Hoan Kiem Lake weekend promenade and its environs in downtown Hanoi have become a brand, a cultural boulevard and a highlight of the capital city.

Ailing real estate firms need capital to revive business

Predictions about real estate firms remain worrisome. Twenty-three businesses will not be able to maintain operation until the end of the third quarter and only 43 percent will exist by the end of the year unless conditions approve.

Bright spots amid the gloom

Despite weak global consumer demand, many foreign buyers are still looking to Vietnam for sourcing goods and business cooperation.

S&P affirms Vietnam’s rating at BB+ with stable outlook

The country's attractiveness as a destination for FDI in Southeast Asia with a young, increasingly educated and competitive workforce should help to keep long-term development intact.