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Experts Emphasize 5G’s Role in Vietnam’s Digital Economy

Lê Trọng Minh, Editor-in-Chief of the Investment Newspaper, highlighted that developing digital platforms is vital for accelerating digital transformation, reducing costs, and enhancing efficiency. This aligns with Vietnam’s National Digital Transformation Programme, which seeks to leverage technology for economic growth.

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Vietnam emerges as a top choice for Russian travelers

Yandex’s data shows that Vietnam ranked as the most searched Asian country by Russian users, following China and Thailand. The report indicates a 57% increase in search queries from Russia and a 48% rise from other countries within the CIS region, signaling a strong desire to explore Việt Nam's diverse attractions.

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Malaysia promotes EduTourism and MICE opportunities in Hanoi

The EduTourism Seminar focused on showcasing Malaysia's education system and the unique learning opportunities it offers to Vietnamese students. Attendees gained valuable information on homestay tourism, local cultural experiences, and the quality of educational programs available in the country. The seminar also covered essential topics such as study programs, new visa policies, and global learning opportunities, making it easier for prospective students to understand the benefits of studying in Malaysia.

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Petrovietnam and CIP discuss green energy in Vietnam

Petrovietnam, a leading player in the oil and gas sector, is keen to diversify its energy portfolio and embrace renewable resources. The collaboration with CIP, known for its expertise in infrastructure investments in renewable energy, presents an opportunity to leverage best practices and technological advancements.

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Vietnam’s tax sector achieves 85% of state budget collection goal

In addition to revenue collection efforts, the Ministry of Finance has submitted a draft decree to the Government proposing a reduction in land rent fees for 2024. This initiative aims to support recovery efforts following the recent impact of Typhoon Yagi. Two options are being considered for the reduction: either a 15% or 30% decrease in land lease costs.

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Vietnam’s typhoon relief measures could pressure bank profitability

The State Bank of Vietnam has emphasized the importance of supporting economic recovery while maintaining financial stability. It has called on banks to adopt a proactive approach to manage the risks associated with these relief measures. Some banks have already begun to strengthen their risk management frameworks and capital buffers to better navigate the expected challenges.

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ADB grants $2 million to aid Vietnam’s typhoon recovery efforts

Vietnam has experienced an increase in the frequency and intensity of typhoons, a trend attributed to climate change. Recent reports highlighted that Typhoon Haikui and Typhoon Doksuri caused significant damage in several provinces, with flooding affecting thousands of households. The government has been working to manage disaster response effectively, but the scale of the damage has necessitated international assistance.

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SpaceX to invest $1.5 Billion in Vietnam’s space sector

The announcement followed a meeting between SpaceX representatives and Vietnamese government officials, where both parties discussed potential collaborations. This partnership aligns with Vietnam's strategic objectives to advance its space initiatives, particularly through the Vietnam National Space Center (VNSC). The VNSC has made notable progress in recent years, successfully launching several satellites in collaboration with international organizations.

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