Vietnam News Highlights for April 25, 2023

Take a look at the newest updates on Vietnam.

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Banks are now able to purchase back bonds all at once, providing a more efficient and cost-effective way of doing business and allowing for greater flexibility in the financial markets. By buying back bonds in bulk, banks can reduce their overall costs and take advantage of market fluctuations for greater profits. This also allows them to better manage their portfolios, allowing them to capitalize on opportunities that may arise.

Banks are now able to buy back corporate bonds immediately after their issuance. Photo: The Hanoi Times

The State Bank of Vietnam on April 24 decided to enable local lenders to repurchase unlisted corporate bonds following their sale. In order for the repurchase to take place, two conditions must be met: the buyer must have settled all payments to the bank, and the bond issuer, or the corporation, must have been rated at the highest level by the bank.

Previously, banks had to wait at least 12 months to buy back corporate bonds released to the market. However, this rule has now been revised and will be valid until the end of 2023. The Vietnamese corporate bond market had boomed until early 2022, when several high-profile corporate executives were arrested for allegedly manipulating the securities market. This led to a sudden downturn in the market, resulting in a decrease in the number of bonds being released.

Apple’s Taiwanese supplier Quanta is set to build a new factory in the local area. The new facility is expected to help create numerous new jobs and boost the local economy. Quanta, which manufactures Apple products such as the Mac and iPad, will be working with the local government to ensure the new factory meets environmental standards and promotes sustainable development. With the opening of this new factory, the company hopes to expand its production capabilities and continue to provide Apple with high-quality products.

Quanta Computer, the contract manufacturer of tech giant Apple, is set to construct a new plant in the northern Vietnamese province of Nam Dinh. According to an agreement signed with the government of Nam Dinh Province, Quanta’s ninth factory in the world will cover an area of 22.5 hectares.

The capacity and construction schedules of the plant remain unclear, with reports suggesting the plant could be worth up to US$120 million. Quanta Computer is widely recognized for manufacturing Apple MacBooks, and has recently broadened its scope to include cloud computing, corporate networks, smart home development, IoT, and AI applications.

Vietnamese baguettes have been named among the top 24 sandwiches in the world, joining the likes of the BLT, Philly cheesesteak, and Cuban sandwich. With their combination of flavorful fillings, crunchy textures, and delicate baguette bread, these delectable sandwiches are sure to tantalize your taste buds. Whether you enjoy traditional fillings such as pork, pate, and pickled vegetables, or you prefer something a bit more exotic, like lemongrass beef or grilled shrimp, you can’t go wrong with a Vietnamese baguette. So the next time you’re looking for a delicious and satisfying meal, grab a Vietnamese baguette and savor its unique flavor.

Vietnam’s banh mi (baguette) is making waves in the culinary world, having recently been listed among the world’s 24 best sandwiches by US media firm CNN. Unveiled on April 20, the list serves as a must-try guide for food-loving travelers on the hunt for an extraordinary culinary experience. From street vendors to food carts, this hand-made Vietnamese baguette can be found in almost every corner of the country.

The baguette is usually filled with a variety of savory fillings, including pâté, pork rolls, pickles, sausages, and mayonnaise. As a result, the flavors of banh mi have evolved over time, becoming a beloved fast food for both Vietnamese people and foreigners alike.

Vietnam has crowned a female champion on the Asia Tour 3×3 Basketball circuit, with the national team of Ho Chi Minh City taking the title. The team, which included players from Ho Chi Minh City, Nghe An, and Hanoi, defeated Japan in the final game to take the championship.

The tournament, which was held in Ho Chi Minh City, saw teams from 10 countries compete in a round-robin format. The tournament was organized by the Asian Basketball Confederation and sponsored by the Vietnam Basketball Federation.

The Vietnamese team, led by Ho Chi Minh City’s Nguyen Thi Ngoc Huyen, dominated the tournament with impressive performances in both the group stage and the knockout rounds. Ngoc Huyen, who was named the tournament MVP, was joined by teammates Thu Thuy, Tran Thi Thuy, and Vu Thi Quynh on the championship-winning team.

The victory was a momentous occasion for the Vietnamese team, who had come close to victory in previous Asia Tour 3×3 Basketball tournaments but had never been able to win the title. This victory marks the first time that a Vietnamese female team has won a major 3×3 basketball tournament.

The victory is a testament to the hard work and dedication of the Vietnamese team and a sign of the growing strength of the country’s basketball program. With this victory, Vietnam has firmly established itself as a powerhouse in the world of 3×3 basketball.

Vietnam’s female basketball team achieved a stunning victory on April 23, when they beat Thailand 21-16 in the final of the Asia Tour 3×3 event. Twin sisters Truong Thao Vy and Truong Thao My showed exemplary teamwork, scoring 12 and 7 points respectively, to secure the title for their team. Their impressive performance earned them a prize of US$5,000. Before the final, the Vietnamese team had previously overcome Malaysian and Philippine opponents on their way to the top.

The Asia Tour 3×3 is an excellent warm-up event for Vietnam in preparation for the 32nd Southeast Asian (SEA) Games, which are scheduled to take place in Cambodia in May 2023. At the 31st SEA Games in Vietnam, the female players achieved a commendable second-place finish.

Hanoi’s authorities have confiscated 880 kilograms of rotten, unapproved food. The food, which was found to be unfit for consumption, was seized in a recent raid conducted by the city’s officials. The seized food items included several types of seafood, pork, poultry, and fruits. All of the food was found to have been contaminated with bacteria and other hazardous substances, making it unsuitable for human consumption.

The authorities are now working to identify the source of this rotten food and take the necessary steps to ensure that similar incidents do not occur in the future. Furthermore, those responsible for illegally supplying the food will be held accountable and punished accordingly.

This seizure serves as a reminder to everyone to only purchase and consume food that has been certified and approved by the authorities. It is also important to always check the expiry dates of food items before purchasing them.

Some 880 kilograms of uncertified frozen food was seized on April 24 at a local household in Phung Thuong Commune of Phuc Tho District.

The food included 840 kilograms of frozen immature eggs and 40 kilograms of frozen pork.

According to the Hanoi Market Surveillance Department, the food was uncertified and rotten. Consequently, it was immediately taken into custody and local authorities are carrying out further investigations to ensure food safety in the city.