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SEA Games 32: Vietnam retains gold medals in many sports on May 9

Vietnam successfully defended its championship in many sports of its strength and secured nine more gold medals on May 9, at the ongoing 32nd Southeast Asian Games (SEA Games) in Cambodia.

Renewable investors voice grievances over price negotiations, delays

Wind and solar power investors continued to voice their grievances over difficulties in price negotiations and extending project deadlines with the Power Trading Company (EVNEPTC), a subsidiary of Vietnam Electricity (EVN) Group.

Broadcast agencies asked to 'discourage' appearance of celebrities violating law

Artistic units and broadcasting agencies will be asked to impose broadcast restrictions on appearances of celebrities who violate laws on the TV or internet.

Banks cut workforce, raise salaries and allowances

Banks’ financial reports show that as of March 31, 286,000 employees were working at 34 domestic commercial banks. Eleven commercial banks cut staff in the first quarter of 2023, but most gave a pay rise to their workers.

Ample room for rice exports

Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.

Status of condotel ownership may require further direction

Decree 10 is considered a good sign for project developers and buyers of condotels, with some experts predicting that the move will remove long-standing problems in the issue of ownership certificates for condotels.

Eighth power-development plan prioritizes clean electricity sources

The newest draft of the eighth national power development plan (PDP 8) sets priorities for the development of renewable power, which has been applauded by international institutions.

In rough seas

Vietnam’s woodworking industry has performed poorly in the year to date. Its anxiety among local exporters and manufacturers has increased further as the market outlook remains as uncertain as ever.

Reminiscing flavor of white sardine salad

It might not look as sophisticated as many other dishes, but the white sardine salad (goi ca mai) of the coastal city of Quy Nhon lures tourists with its sour, spicy, salty and sweet flavors.

Doctors warn of drowning risk as summer approaches

Doctors in HCM City have warned about the heightened risk of child drowning in the city during this season.

Moving out of hibernation

The tight monetary policy and the corporate bond and housing market crash in the second half of 2022 resulted in a cash crunch in the real estate market. However, capital has begun flowing back to the housing market.

Vietnam's first oil refinery to be expanded for $1.26b

Dung Quat oil refinery will be expanded to raise its capacity to 171,000 barrels per day, up from 148,000 barrels, with a total investment of US$1.26 billion.

Raising retail electricity prices, EVN has VND1 trillion more a month

With the 3 percent retail electricity price increase from VND1,864.44 per kwh to VND1,920.3732 per kwh, commencing from May 4, EVN will have VND8 trillion more from now to the end of 2023.

SBV to inspect share transfers among credit institutions

The State Bank of Vietnam (SBV), the central bank, will focus on inspecting share transfers among credit institutions this year to prevent cross ownership in the banking sector.

Vietnamese agricultural exports rebound

With the export of several agricultural products such as rubber, coffee, and pepper gradually recovering, there remains a positive outlook ahead for export growth to major markets in the second quarter of the year.

Hanoi stops 91 Build-Transfer infrastructure projects

Ninety-one projects expected to be implemented under the build-transfer (BT) mode have been told to stop implementation.

NA Chairman appeals for more opinions to turn HCMC into IFC

National Assembly Chairman Vuong Dinh Hue called for further comments to promulgate mechanisms and pilot policies to turn Ho Chi Minh City into an international finance center.

SEA Games 32: Gold medals for Vietnam in ouk chaktrang, gymnastics, vovinam

Female chess player Doan Thi Hong Nhung on May 9 brought a gold medal to Vietnam in Ouk Chaktrang women's single 60-minute after defeating Fillipo player Shania Mae Garcia Mendoza.

Vietnam kicks off UOB’s flagship art competition

The 42nd UOB Southeast Asian Painting of the Year competition (national round) was kicked off in Hanoi on May 9.

Demand for gold in Vietnam decreased in Q1/2023

Demand for gold in Vietnam fell by 12 percent in the first quarter of this year compared to the same period of 2022, according to the World Gold Council's latest report.