Ramadan month

Illustrative image (Photo: VNA) Binh Phuoc (VNA) - The index of industrial production (IIP) of the southern province of Binh Phuoc in the first five months of 2023 increased by 6.5% year-on-year, the provincial Department of Statistics reported. The four key sectors, namely the mining; processing and manufacturing industry; electricity, gas, hot water, steam and air conditioner production and distribution; water supply and waste and waste treatment recorded stable growth , respectively expanding by 7.5%, 6.6%, 4.2%; and 10.3% in the Jan - May period. In May alone, the province’s IIP rose by nearly 3% month-on-month, and 7.1% over the same period last year, the department said. According to the provincial People’s Committee, it has taken measures to remove difficulties for local production and business activities; and effectively implemented the economic recovery and development programme in the province, focusing on mobilising resources for carrying out projects … [Read more...] about Binh Phuoc’s industrial production index up 6.5% in five months

A draft decree regarding the newly adjusted fees for registering domestic vehicles is expected to be submitted to the Government by June 15. Vietnamese Government plans to halve registration fees for domestically produced and assembled cars, effective from July 1 until the end of 2023. In a recent governmental instruction, Prime Minister Pham Minh Chinh required the Ministry of Finance (MoF) to draft a decree to cut registration fees by 50%, which will be evaluated by the Ministry of Justice. The decree will be submitted to the Government before June 15. Customers at a car showroom in Hanoi. Photo: Viet Dung/The Hanoi Times Various associations and municipalities proposed the Government extend the excise tax and reduce registration fees for domestically produced and assembled cars by 50% in early March this year. The aim was to stimulate demand. In response, import companies expressed their desire for the Government to apply the same policy to … [Read more...] about Vietnamese Prime Minister orders 50% cut in registration fees for domestic cars

Hanoi has accumulated about US$69.844 billion in foreign direct investment, ranking second in the country. Hanoi plans to build more industrial parks to attract foreign investment. Simultaneously, the city will prioritize site clearance and expedite the development of a comprehensive and modern infrastructure system. Overview of the meeting. Photo: Hoai Nam/The Hanoi Times Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen revealed the plan today [June 8] at a meeting with representatives of the Ministry of Planning and Investment to discuss solutions to further attract foreign direct investment (FDI) into the capital . Nguyen Ngoc Tu, Deputy Director of the Hanoi Department of Planning and Investment, revealed that the city had seen a significant increase in FDI in the first four months of 2023, reaching $1.82 billion, a remarkable 260% increase compared to the same period last year. Numerous projects in sectors such as … [Read more...] about Hanoi eyes new industrial parks to lure foreign investors

The sides briefed each other on their operations, and exchanged the experience in the implementation of trade union movements at the local level. They shared many ideas to optimize the role of trade unions and give better care for laborers, building a harmonious labor relations and promoting development of businesses and agencies. NACC Vice President Kim Chann Samnang briefed his hosts on the employment situation, trade unions’ activities and policies for laborers. He said that Cambodia currently has 1.5 million laborers, 80% of whom have joined trade unions. Their average income reaches 250 - 350 USD per month, he added. The official expressed his hope that the Trade Union of Public Utility Enterprises and Commercial Services of Ho Chi Minh City and the NACC will continue to share experience in trade union affairs and measures to attract more laborers, thus contributing to strengthening the friendship and cooperation between the two sides and promoting the socio-economic … [Read more...] about Ho Chi Minh City, Cambodia share experience in trade union affairs

On the morning of November 30 last year, Minh, now 29, received an email from his employers at DoorDash, the largest online food delivery company in the U.S. The company announced that it was letting him go. Just a day earlier, Minh was still the leader of one of the company’s finance management team. When he received the email, Minh had already studied and worked in the finance field in the U.S. for over a decade. He has a bachelor’s degree in accounting, a master’s in data science, is a certified Chartered Financial Analyst (CFA), as well as a Certified Public Accountant. "Though the layoff wave at that time was staggering many tech firms, I still couldn’t believe my eyes. I was aware of the financial situation of the company [DoorDash], and it was good," Minh said. The next thing he did was call his manager, hoping the letter may have been a mistake. The manager said they were surprised by the news and promised to look into the matter. Ten minutes later, it was … [Read more...] about Vietnamese worker back on feet after US layoff

Vietnamese consumers are also becoming more discerning and value conscious (Photo: VNA) Hanoi (VNS/VNA) - Vietnam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm McKinsey. McKinsey wrote in a recent article on its website that Vietnamese consumers were optimistic that the country’s economy would rebound within two to three months and grow just as or even more strongly than before the COVID-19 pandemic. There was also a clear intent by consumers to “splurge” and treat themselves, with more than 70% of respondents saying they intend to increase spending on categories of products or services they spent less on over the past year and a half. It was estimated that more than half of the Vietnamese population would enter the global middle … [Read more...] about Vietnam remains an attractive retail market: reports

Police in Hanoi have arrested four suspects and seized more than 62kg of synthetic drugs, cracking down on a ring that smuggled drugs disguised as food and home appliances from European countries into Vietnam. The kingpin, 27-year-old Hoang Tien Dung, hailing from northern Hung Yen Province, was arrested during a coordination between the police of Hanoi and their colleagues in Hung Yen from May 4 to 7. To create a screen to hide his illegal drug smuggling, Dung set up an agency providing purified water and a night eatery in Hung Yen but used these facilities as the places to receive and deliver drugs, Hanoi police reported on Tuesday. Also detained with Dung were his two accomplices, Tran Van Tuan, 19, and Dao Ngoc Long, 35, both from Hung Yen. Tuan directly aided Dung in the illegal sale of smuggled drugs in Vietnam while Long acted as a middleman for Dung to deal with a suspect living abroad to buy drugs from European countries. Earlier on March 23, Hanoi police in … [Read more...] about Hanoi police bust ring smuggling drugs from Europe to Vietnam

A woman and her 12-year-old son in Dong Nai Province, southern Vietnam have been hospitalized for food poisoning after eating fried cicada larvae with young fungi outside. N. N.T.T.N., a resident of Xuan Tho Commune, Xuan Loc District, Dong Nai Province, said she and his son, P.H.T., ate larvae measuring some three centimeters each at about 4:00 pm on Tuesday. The larvae were cicada larvae with many white and grey young fungi outside and one-centimeter red fungi on their heads, N. added N. ate two larvae and T. downed five. They developed the symptoms of dizziness, stomach pain, repeated vomiting, diarrhea, hand and leg tremors, and fatigue an hour after eating the larvae, so they were rushed to the Long Khanh General Hospital in Dong Nai for first aid. N. was later moved to the Thong Nhat General Hospital in Dong Nai for treatment. She is now in stable condition, Nguyen Thi Kim Loan, deputy director of the hospital, said on Thursday. Meanwhile, T. showed symptoms of … [Read more...] about Mother, son hospitalized after eating cicada larvae in Vietnam’s Dong Nai

Clients at a transaction office of BIDV. The bank's shares tumbled nearly 1.5 per cent on Thursday, leading the down trend. — Photo vietnamplus.vn Shares retreated from the morning trade on Thursday, weighed by strong selling activities after the VN-Index surpassed the key psychological level of 1,100 points. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the recent rallies to trade lower at 1,101.32 points, down 8.22 points, or 0.74 per cent. It had gained more than 34 points in the last five days. The breadth of the market switched to the negative zone, with 216 stocks slumping, while 127 ticker symbols finished higher. Liquidity, however, soared to the highest in the last six months. Particularly, the trading value on the southern bourse was nearly VND23.7 trillion (US$1 billion), equivalent to a trading volume of more than 1.3 billion shares. Many stocks in the VN30 basket, which tracks the 30 biggest ticker symbols in market … [Read more...] about Market corrects on profit-taking activities

Packages of fresh sugarcane are transported for export to the US. — VNA/VNS Photo Thanh Hai The northern province of Hoa Binh announced the second batch of 18 tonnes of fresh sugarcane bound for the US at a ceremony on Wednesday. After successfully exporting the first consignment of 20 tonnes of fresh sugarcane to the US in March this year, the province’s agricultural sector has actively worked to seek inroads into the international market for local agricultural products. Director of the province's Sub-Department for Quality Management of Agro-Forestry and Fisheries Products Nguyen Huu Tai said that sugarcane grown in Hoa Binh is well known in the domestic market. The plant grows well in the province thanks to favourable soil and weather, and can bring high economic value. The two export batches were the result of months of negotiations between Tien Ngan Company and a US partner. The company expects to ship between 300-500 tonnes of fresh sugarcane to several countries this … [Read more...] about Hoa Binh Province ships second batch of fresh sugarcane to US