News

Analysts: Vietnam needs to prepare for global minimum corporate tax

Global minimum corporate tax expected to take effect from next January.The global minimum tax rate is a key element of a program to combat tax base erosion and profit shifting, initiated by the Organization for Economic Cooperation and Development (OECD) and now embraced by more ...

Anh Tuyet

Vietnam aims for sustainable development with Power Development Plan VIII

The Power Development Plan for the 2021-2030 period, with a vision to 2050 (PDP VIII), is a particularly important plan that aims to ensure national energy security and provide adequate and stable electricity at reasonable prices for rapid and sustainable socio-economic development.PDP VIII is designed ...

Rich’s income 7.6 times that of poor: survey

Vietnam’s richest people have an average income of almost eight times that of the poorest, a government survey has found.The richest group, defined as the 20% of the population with the highest income, had an average income of VND10.23 million ($436) a month last year, ...

Dat Nguyen

10% of young Vietnamese unemployed

One in 10 young people is unemployed and the risk of losing a job for young workers is three times higher than that of older laborers, the government has reported.The unemployment rate among young laborers (aged 15-29) was 7.6% over the first quarter of this ...

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.According to Nguyen Ngoc Nam, chairman of the Vietnam Food Association (VFA), Vietnam’s ...

Trung Chanh

New COVID-19 cases rising again, particularly Omicron variant: health official

The number of new COVID-19 cases is on the rise again, with those infected with Omicron variant making up the majority, and mainly concentrating in the northern region – where the season is changing, Prof. Phan Trong Lan, Director of the Health Ministry’s Department of ...

Green transition requires huge investment in infrastructure

Green transition in Vietnam would require new investments in at least 60% of the country’s infrastructure, according to PwC.According to PwC’s Global Investor Survey, investors have become more sustainability-aware as they have incorporated ESG (environment, social, and governance) standards into their investment decisions. Governments and ...

Plan approved to realise net-zero emissions goal by 2050

The Ministry of Natural Resources and Environment has issued a plan for solutions to realise Việt Nam’s commitment to cutting emissions to net zero by 2050 announced at the 26th UN Climate Change Conference (COP26) in the UK in 2021.The ministry will make amendments to ...

Digital transformation in Vietnam encountering challenges

The establishment of the national big data and integration of databases are the most critical foundation for the national digital transformation.To carry out digital transformation nationwide, the Government has launched its project ‘Developing an Application for Population Database, Digital Identification and Authentication for the National ...

Thanh Tam

Traditional forest ritual protects Mother Nature

For ethnic minorities in the Tây Nguyên (Central Highlands) and mountainous regions across the country, the forest does not simply refer to materials and resources, but also a broad spiritual culture. Forest worship practices have existed in the consciousness and life of ethnic minorities for a long time, ...

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