Vietnam Business News May 8/2024

Hanoi attracts over 1.1 billion USD in FDI in four months

Real estate market in the South picking up

The real estate market in provinces and cities in the Southern region of Vietnam in the first months of 2024 grew, with land, low-cost housing and apartments seeing higher demand.

Mekong Delta moving to navigate drought, saltwater intrusion

The Mekong Delta is the largest area for rice, fruit and fisheries production in Vietnam but has also been hit hard by climate change.

Hanoi’s wastewater project to undergo trial operation

Once the project is officially operational, waste water from 150 main sewers along the banks of the To Lich River will be collected and treated before being discharged into the river.

Creative economy opens up new space for economic development

Exporting creative goods generates billions of dollars for Vietnam each year, but understanding of this economy is still in its very preliminary stages.

Paris Court of Appeals yet to rule on Vietnamese dioxin victim’s lawsuit

The Paris Court of Appeals has yet to rule on Vietnamese French dioxin victim’s lawsuit against American chemical firms that supplied herbicides to the US army during the war in Vietnam, following a three-and-a-half-hour hearing on May 7.

Efforts to reduce sea freight rates

Numerous Vietnamese shippers have been facing challenges due to escalating sea freight rates, aggravated by arbitrary surcharge hikes by shipping lines.

Walking tour to experience public art space opens in Hanoi

The group of artists from Hanoi transformed the footbridge on Tran Nhat Duat Street into a joyful, vibrant and illuminated work of art in the evening.

VN needs to prioritise non-traditional energy source development

This strategic move is crucial for the nation to attain its target of net-zero emissions by 2050.

Hanoi pilots parking cashless payment

The pilots began on April 15 and in spite of some early problems, drivers have been generally positive.

Kim Son sedge weaving named as intangible cultural heritage

Over 30,000 craftsmen are currently working in the Kim Sơn sedge weaving craft in the district, which accounts for around 80 per cent of the district’s yearly handcraft production value.

VN registers strongest bullion demand since 2015

The World Gold Council’s demand trends report for the first quarter of this year showed that Việt Nam gold demand was strong in the quarter, supporting record-high prices.

Luc Nam pineapple considered specialty of Bac Giang Province

High in fiber, packed with Vitamin C and beautiful to look at, how the pineapple lands of Bac Giang Province are proving a draw for foodies and photographers

More people report losses from online financial investments

Scammers have appropriated billions of dong by tricking people into making financial investments online.

Grand parade for 70th Dien Bien Phu Victory anniversary in photos

Thousands of people and tourists gathered at the Dien Bien Provincial Stadium to celebrate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - May 7, 2024) this morning.

Filipino fisherman recovered adrift near Truong Sa

In the afternoon of May 6, the naval ship handed over the Filipino fisherman to a Filipino patrol ship at a point 80 nautical miles off Da Thi island

State Bank announces 4th gold bar auction to stabilise prices

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.

Vietnam dominate HCM City’s Asia Open Pickleball Championships

Vietnam won 17 golds to top the Asia Open Pickleball Championships which is organized for the first time in HCM City.

Vietnam Business News May 7/2024

SJC gold price reaches 87 million VND per tael

National Assembly deputies concerned about electronic cigarettes

The National Assembly’s committees on May 4 held a session on explaining state management responsibility for preventing and fighting the sale of electronic cigarettes.

VN completes a first-time liver transplant for an acute liver failure patient

The success of the surgery on April 22 has been a great landmark in Việt Nam’s healthcare field

Tay ethnic-minority pilot takes pride in Dien Bien Phu anniversary

Senior Lieutenant Colonel Dinh Chu Khiem, Deputy Chief of Staff of the Military Aviation Brigade 918, is a Tay ethnic minority man. He said he feels proud about conducting flights to celebrate the 70th anniversary of Dien Bien Phu victory.

Inside command tunnel of French general De Castries in Dien Bien province

Throughout May historical sites in the northern mountainous province of Dien Bien, including the command tunnel of French general De Castries, have been crowded with people keen to learn about the historic Dien Bien Phu Victory on May 7, 1954.

Vietnam News Headlines May 7/2024

Spanish newspaper refers to Dien Bien Phu Victory as Vietnam’s Stalingrad

Big finance companies face difficulties amid low consumer demand

Many major finance companies have reported falling profits, big losses and negative stockholder equity amid economic difficulties and low purchasing power.

Vietnamese tycoons earn big money while sitting still

The deposits of big corporations at commercial banks have increased recently despite continued interest rate decreases. Some companies have billions of dollars worth of deposits.