Ho Chi Minh City announced the commencement and inauguration of 16 projects, including infrastructure and urban development, ahead of National Day. Meanwhile, online consumer sentiment shows a cautious approach.
US retail giant Target is actively seeking Vietnamese suppliers for household goods, home textiles, children's products, and personal care and beauty items. The company prioritizes manufacturers capable of meeting stringent quality, design, and supply chain management standards.
Da Nang City in central Vietnam has significantly bolstered its efforts against Illegal, Unreported, and Unregulated (IUU) fishing. All fishing vessels of 15 meters or longer have now successfully installed Vessel Monitoring System (VMS) devices and completed mandatory vessel identification, enhancing fisheries management and surveillance.
Vietnamese President To Lam concluded a state visit to New Zealand, accepting an invitation from Governor-General Cindy Kiro. Both nations agreed to strengthen cooperation in economic, trade, and security sectors. The visit highlights Vietnam's growing international presence and its aim to expand regional influence.
Vietnamese President To Lam met with staff of the Vietnamese Embassy in New Zealand in Auckland on August 12 (local time) during his state visit. This meeting served to encourage overseas staff and reaffirm the importance of safeguarding national interests.
Vietnamese President To Lam (also General Secretary of the Communist Party) met with Steven Joyce, Acting President of the New Zealand-Vietnam Friendship Association, in Auckland on his first day in New Zealand. They confirmed cooperation to deepen bilateral friendship.
Vietnam welcomed over 3.7 million foreign tourists in the first seven months of the year, with significant increases from China, India, and Taiwan. This marks a crucial indicator of economic recovery and the resurgence of the tourism sector post-pandemic.
Vietnam has issued Resolution No. 57 to propel the digital transformation of Small and Medium-sized Enterprises (SMEs). This initiative enhances financial support, including lower interest rates and fee waivers, aiming to boost productivity and international competitiveness. It marks a significant step towards sustainable economic growth and self-reliance for Vietnam.
Vietnam is expanding economic and technological cooperation with Finland, aiming to cultivate experts in fields like AI, semiconductors, and 5G/6G. This initiative is part of Vietnam's national strategy to position science and technology as a primary growth driver and signifies a move to deepen international partnerships.
In Vietnam, soaring mortgage interest rates are significantly squeezing profits for real estate investors. Even when property prices rise, high loan interest and transaction costs often leave investors with little to no actual profit. Experts are urging a reassessment of investment strategies and the setting of more realistic return targets.
Vietnam's government has mandated greenhouse gas inventories for over 2,440 emitting facilities as part of its efforts to achieve carbon neutrality by 2050. The decision covers six sectors including energy, transport, and construction.
The Vietnamese government has approved a national program to train 100,000 educators and 10 million workers in AI by 2030. The vision is for Vietnam to become a regional leader in AI human resource development capacity by 2035.
Vietnam and Uganda held a business forum to strengthen trade and investment ties, highlighting Uganda's potential as an entry point for Vietnamese firms into African markets. While economic cooperation is modest, it shows significant growth potential.
Tran Cam Tu, Politburo member and Standing member of the Communist Party of Viet Nam Central Committee's Secretariat, attended the funeral of Lao National Assembly President Saysomphone Phomvihane, extending condolences to Laos' leadership and people. The visit reaffirmed the strong solidarity and strategic partnership between Vietnam and Laos.
Vietnam's central bank has instructed commercial banks to offer loans to SMEs and growth sectors at rates at least 1% lower than their average lending rates. Fee reductions are also encouraged.
Vietjet is adding 82,000 seats, primarily on domestic routes, to meet increased demand during the National Day holiday (September 2). The airline will strengthen services from Ho Chi Minh City and Hanoi to major economic and tourism hubs, facilitating public travel.
Vietnamese overseas investment has significantly increased, with a particular focus on the ASEAN region. Experts emphasize the importance of exporting intellectual property and brand stories, alongside leveraging AI for cost optimization and market understanding, rather than solely relying on price competition.
Da Nang City in central Vietnam announced the resumption of the nearly VND 55 trillion (approximately $2.2 billion) Da Phuoc International Urban Area project in the third quarter of this year, with completion targeted for mid-2033. The project, which had been stalled for years, is set to recommence following adjustments to urban development plans.
Several universities in northern Vietnam have announced supplementary admissions for popular fields like AI, cybersecurity, and semiconductor technology, with minimum scores typically ranging from 17-18. This move signals a focus on cultivating high-tech talent domestically.
Ho Chi Minh City announced plans to implement a one-way traffic system on Cach Mang Thang Tam Street to alleviate congestion and improve efficiency. Alternative routes are being developed, drawing attention to the impact on residents.
Greenland, the world's largest island, is significantly increasing its intake of workers from the Philippines and Thailand to address severe labor shortages in growing sectors like tourism and mining. These workers are becoming essential for the island's economic sustainability and development.
Vietnam has revised its economic growth forecast upward for 2024, citing a surge in AI investment and less damaging-than-feared impacts from the Iran war. However, the sustainability of the AI boom and geopolitical risks remain key concerns.
Vietnam is experiencing record-breaking heatwaves, leading people to seek refuge in air-conditioned airports. Seniors, in particular, are increasingly using airports as cool havens, highlighting the role of public infrastructure and the societal impact of climate change.
The upcoming solar eclipse on August 12 is projected to generate over VND401 billion ($401 million) in economic benefits for Vietnam. Tourists are expected to flock to areas within and near the path of totality, leading to significant demand for accommodation and transportation.
Vietnam's tourism sector shows signs of recovery with a steady increase in visitor arrivals since the beginning of the year. However, challenges persist due to geopolitical events and rising travel costs, impacting demand from key markets like Europe and the Middle East.
Distinguishing between red and white flesh dragon fruit in Vietnam can be tricky due to subtle external differences. This report offers quick observation tips to help consumers make informed choices at the market.
Ahead of the Mid-Autumn Festival, mooncake prices in Vietnam have increased by up to 20% in some areas due to rising ingredient and labor costs. While cheaper online options are available, consumers are cautioned about safety.
Vietnam's government has issued a decree to strengthen tax withholding obligations for foreign e-commerce platforms amid the digital economy's expansion. This mandates platform operators to collect and remit taxes on behalf of sellers and foreign suppliers.
Hanoi is set to implement a free textbook loan program for all students in general education, continuing education, and literacy programs starting from the 2026-2027 academic year, aiming to reduce educational disparities and promote equal learning opportunities.
Vietnam's Private Economic Forum is being held across various regions to discuss public-private partnerships for achieving double-digit growth and establishing new growth models. The forum in Hung Yen province, organized by the Young Entrepreneurs Association, specifically explored concrete measures for regional economic revitalization.
Hanoi, Vietnam, hosts "Van Gogh Timeless," a groundbreaking immersive exhibition showcasing 165 of Vincent van Gogh's masterpieces reimagined with modern technology. As one of Asia's largest interactive, multi-sensory art events, it invites visitors directly into the artist's world.
A dialogue forum in Vietnam's Hung Yen Province focused on fostering domestic firms' growth and integration into global value chains. Experts emphasized the need for a 'smarter' strategy, beyond just FDI attraction, to enhance local companies' capabilities and leverage the province's strategic location.
Vietnam's Supreme People's Procuracy has indicted Chu Thi Thanh, Chairwoman of the Thien Minh Duc Group, along with 22 others, on charges of asset embezzlement and the illegal sale of invoices and vouchers to the state budget. This action is seen as part of Vietnam's ongoing anti-corruption campaign.
Ho Chi Minh City has announced the 'Tuổi Trẻ Startup Award 2026' themed 'Innovation for Future Cities,' seeking startups to solve urban challenges causing significant economic losses.
Doan Minh Huan, a Politburo member, attended the "All-People's Day for National Security Protection" event in Nghe An province, signaling the Party's emphasis on citizen engagement in national security and reinforcing national unity.