In an effort to curb consumption, the Ministry of Finance has suggested a steep increase in taxes on cigarettes and alcohol, detailed in the draft amendment to the Special Consumption Tax Law currently under review.

The Ministry of Investment and Trade (MOIT) says that private investors should not develop offshore wind power projects until all issues related to national defence and national security are anticipated and assessed.

As of July 2024, Vietnam's international tourist arrivals have soared to nearly 10 million, a 51% rise compared to last year, driven by a substantial increase in visitors from Europe.

More valuable shares are expected to enter the bourse soon, and legal obstacles will be removed, thus paving the way for more foreign capital to flow into Vietnam.

Trinh Van Quyet, the ex-chairman of FLC Group, stood before the court on July 29, delivering a final plea for a second chance while reflecting on his career's ups and downs and the serious repercussions of his actions.

The Ministry of Industry and Trade has announced an investigation into the application of anti-dumping measures on certain hot-rolled steel products originating from China and India, effective from July 26, 2024.

Cam Ranh City in the south-central province of Khánh Hòa will hold the first-ever lobster festival from August 3-11.

The Ministry of Finance (MOF) has proposed imposing a higher luxury tax on tobacco, with flat-rate duties to be fixed and raised year after year, from 2026 to 2030. Tobacco prices are predicted to increase proportionally in the next two years.

The latest report from the SBV showed that after half a month of implementing biometrics, only two banks saw a biometric registration rate of over 20 per cent, and four other banks had a rate of over 10 per cent.

Spot freight rates, time charter rates and secondhand vessel prices are all forecast to increase throughout 2024.

Some 80-90 per cent of banks have partially or fully applied ESG (Environment - Social - Governance) practices in their operations, a State Bank of Vietnam (SBV)’s official said.

For the seven-month period, exports totalled $226.98 billion, up by 15.7 per cent, in which the domestic sector accounted for 27.8 per cent and the foreign-invested sector (including crude oil) accounted for 27.2 per cent.

About 25 small and medium-sized enterprises (SMEs) from South Korean will come to Hanoi next month.

The stock market last week witnessed considerable upheavals, with real estate shares under pressure, while bank shares weathered the storm to support the market.

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Appropriate and timely trade measures, following Vietnam's and World Trade Organisation (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production.

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

Many businesses have reported impressive business results in the second quarter of 2024 with a profit growth rate of up to thousands of percent. A power company, for example, saw 5,500 percent growth in the last two quarters.

After two challenging years, Khanh Hoa has rebounded to the top ranks in economic growth. Vice Chairman Tran Hoa Nam shares insights on the province's strategies for overcoming economic challenges and embracing green development.

Trung Nam Group, struggling with significant debt, has sold its controlling stake in its largest solar project, which is now seeing a positive shift in profits.