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Vietnam govt approves $8.36B railway project to China
Vietnams parliament has approved a major $8.36 billion railway project aimed at linking its northern port city of Haiphong to Chinas Yunnan province via the border city of Lao Cai. The ambitious project received near-unanimous support from lawmakers, with 455 out of 459 voting in favor. The...
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Vietnam to end tax exemption on low-cost imports starting February
Vietnam will end its tax exemption on low-value imported goods, starting February 18, in a move that aims to regulate e-commerce and boost local consumption. This change, outlined in Decision 01 by Deputy Prime Minister Ho Duc Phoc, impacts goods valued below VND 1 million (approximately $39.3),...
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11 killed in Vietnam's Hanoi Café Fire; suspect arrested
Eleven people were killed in a fire at a café in Hanoi on Wednesday night, and the police have arrested a man believed to have started the fire, according to Vietnams Ministry of Public Security on Thursday, reports Reuters. The police said in a statement that the man had confessed to using...
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Vietnam approves $67b high-speed rail project to boost growth
Vietnams National Assembly has approved a $67 billion investment in a high-speed rail network, aiming to connect Hanoi and Ho Chi Minh City with a 930-mile system. Set to begin construction in 2027 and open by 2035, the project will enhance infrastructure, offer eco-friendly transport, and attract...
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12 Vietnamese soldiers killed in accidental explosion
Twelve Vietnamese soldiers were killed in an accidental explosion during a military training exercise in southern Vietnam, state media reported on Thursday. Authorities suspect that a lightning strike during a severe storm triggered an electric detonator while the soldiers were transporting...
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Vietnamese tycoon awaits verdict in $27 billion fraud case
A Vietnamese property tycoon sentenced to death for a multi-billion-dollar fraud will learn on Tuesday whether her life will be spared, as an appeal court delivers its verdict on one of the largest corruption cases in the countrys history, according to reports from AFP. Truong My Lan (68), a...