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VIETNAM NEWS HEADLINES MAY 28/2023

HCMC mapping its technological needs, prowess

VIETNAM BUSINESS NEWS MAY 28/2023

Seminar talks promoting African Continental Free Trade Area

VN to popularize personal digital-signature service

According to experts, personal digital signatures used for electronic transactions satisfy need for authentication of a user's identity. It will be an indispensable part in digital transformation and digital economy development.

VN businesses fret over worsening hardships by year-end

Vietnamese enterprises are facing extreme hardships, according to a report sent to the prime minister by the National Private Economic Development Research Board.

Many areas in Hanoi face severe water shortage

Many areas in Hanoi are facing a serious water shortage due to the surging demand during the prolonged hot weather.

Illegal 12-floor Phu Quoc hotel to be dismantled within next three months

Authorities in the southern island city of Phu Quoc have just asked the investor of a 12-storey hotel building that has been illegally built in Duong To Commune to dismantle their construction within three months.

Investors need to balance price, quality to succeed in social housing market

Investors who plan to participate in Viet Nam's social housing market in the future should balance selling price, construction quality and sustainability factors to succeed in the market, experts said.

Banks expect big change in charter capital in 2023

Charter capital of banks is expected to have a big change this year as four State-owned banks are considering an increase in capital while the State Bank of Viet Nam (SBV) has approved a capital hike for 21 private banks.

Local enterprises face tough times, survey reveals

Local enterprises were going through a particularly difficult situation, a survey conducted by the National Private Economic Development Research Board under the Government’s Advisory Council for Administrative Procedure Reform has revealed.

Market instabilities cause VN steel firms to adjust business plans

Many fluctuations in the domestic and foreign financial-economic markets have appeared, causing steel enterprises to adjust their business plans.

Some struggling projects start to post profits

The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after dozens of years in stagnation.

Walmart consumes large volume of Vietnamese goods

Vietnam is currently among the top five countries that supply a large volume of commodities to the Walmart hypermarket chain, according to Sarah Thon, senior director of Global Government Affairs of Walmart.

Series of events scheduled to foster cashless payment in VN

A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.

Six cows killed in lightning strike in Son La

Six cows were killed in a lightning strike during heavy rain in the northern province of Son La on Friday.

Ao dai, 220 meters long, sets Vietnamese record

A Vietnamese Ao Dai (traditional gown) by designer Phuong Ho has been awarded the Vietnamese record for the longest hand-made ao dai with a length of 220.6m and a weight of 250kg.

Thousands of youths join 2023 summer volunteer campaign 2023

The 2023 summer volunteer campaign was launched in the Mekong Delta province of Ca Mau on May 27, attracting the participation of approximately 15,000 young people.

Vietnam to set up three to six storage centres for rare drugs

The Ministry of Health (MoH) has been working on a plan to establish three to six centres for storing rare medicines and drugs in limited supply in accordance with the Prime Minister’s direction.

Most localities record very high-risk UV levels

Most of provinces and cities nationwide have recorded ultraviolet levels of “high” and “very high” risk of harm on May 27, according to the National Centre for Hydro-Meteorological Forecasting.

Tourism week “The Golden Colour of Tam Coc - Trang An” opens in Ninh Binh

The 2023 Ninh Binh tourism week themed “The Golden Colour of Tam Coc - Trang An” kicked off in Hoa Lu district of the northern province of Ninh Binh on may 27.

WHO official urges tobacco tax, price hikes

Representative of the World Health Organisation (WHO) in Vietnam Angela Pratt has called on the country to raise tobacco tax and prices, which are still among the world’s lowest.