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VIETNAM BUSINESS NEWS JUNE 4/2023

HCM City eyes jump in economic growth to 5.87% in Q2

VIETNAM NEWS HEADLINES JUNE 4/2023

Da Nang locals benefit from digital transformation

Transition of power begins at powerful corporations in Vietnam

After decades of development, many family-run groups have begun the power transition process. The next generations have taken over leadership, while veteran businesspeople are retiring from their positions.

Civil servants still receive low pay after wage reforms

Vietnam has carried out four separate salary reform campaigns, but salaries for cadres and civil servants remain low, according to National Assembly Deputy Vu Thi Luu Mai.

Japanese policeman moves to Vietnam to seek happiness

Kaneya Manabu, 42, has been living in Vietnam for seven years. He decided to come to Vietnam after 35 years of living and working in Japan.

Vietnam’s exports to hit US$618 billion by 2030 at 7 per cent annual growth

Vietnam will be a key driver of global trade growth, with its exports projected to reach US$618 billion by 2030, an annual growth rate of 7 per cent, outpacing the global average of 5 per cent by a significant 2 percentage points.

Outstanding corporate bonds reach VND1.1 quadrillion: report

The latest report of the Ministry of Finance (MOF) showed that outstanding bonds had reached VND1.1 quadrillion by May 19, or 11.6 percent of 2022 GDP.

Urgent solutions to promote housing for workers

Housing solutions for workers has become the utmost priority to ensure the wellbeing of staff and their continued dedication to their jobs.

The man who has been ‘beautifying’ corpses for 30 years

Working as a cadaver carer for many years, Kim said he sometimes becomes tired and exhausted. But he has never considered giving the job up because he feels sorry for the dead, who are washed and made up for the last time in their lives.

NA deputies call for extended VAT cuts

The time frame should be extended to 2024 to give the economy more time to absorb the fiscal stimulus

NA deputies discussed amendments to the Law on Telecommunications

After more than 12 years of implementation, the law and its accompanying regulations have established a legal framework that promotes competition and enables businesses to participate in the market.

More than 10,000 people to attend 2023 International Yoga Day in Vietnam

More than 10,000 people are expected to participate the 2023 International Yoga Day in Vietnam, according to a press conference held on June 2 in Hanoi.

VIETNAM BUSINESS NEWS JUNE 3/2023

Farm product exports gross US$20.26 billion in five months

Vietnamese billiards players defeat former world champions

Local cueists Duong Quoc Hoan and Nguyen Anh Tuan enjoyed victory over former world champions Thorsten Hohmann and Albin Ouschan to progress to the knockout round of the UK Pool Open 2023.

Vietnam to diversify rice export markets

Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.

US centre hands over Vietnamese martyrs’ artifacts to families

US Texas Tech University’s Vietnam Centre and Sam Johnson Vietnam Archive has handed over a collection of diaries and letters of Vietnamese soldiers, mostly of those who had died during the wartime in Vietnam, to their families and relatives.

Thirty three football players summoned for FIFA Days

Coach of the national football team Philippe Troussier has summoned 33 players for training ahead of FIFA Days, the Vietnam Football Federation (VFF) said on June 2.

Da Nang launches app to help visitors easily access to public toilets

Visitors to Da Nang can easily locate public toilets that are open for free throughout the central city, via an application launched recently on the Danang Smart City mobile app.

Ministry announces 11 new national intangible cultural heritages

The Ministry of Culture, Sports and Tourism has announced 11 new national intangible cultural heritages, all of which are in the northern mountainous provinces of Tuyen Quang, Dien Bien, Bac Kan, Cao Bang, and Yen Bai.

Nearly 6.94 billion USD raised through Gov't bond auctions in five months

The State Treasury raised 162,952 billion VND (nearly 6.94 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.