The KRX system will operate with basic features, and new features will be deployed step by step according to the roadmap. "The Ministry of Finance (MoF) has been directed to put the KRX system into operation by the end of this year. The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market, signed by HoSE with the South Korea Stock Exchange (KRX) in 2012. Due to many reasons, such as the pandemic and the complex nature of the bidding package, the KRX system has not yet run as planned. The KRX system is expected to bring new products, trading, and payment solutions to the Vietnamese stock market, such as T+0 settlement, short selling, and option contracts.

The Vietnamese delegation at the consultation between ASEAN and the Republic of Korean economic ministers in Indonesia on August 22 (Photo: VNA)– Vietnam attended consultations between ASEAN economic ministers and their counterparts from Australia, New Zealand, the Republic of Korea and Japan, on August 22 in the framework of the 55th ASEAN Economic Ministers Meeting (AEM) in Indonesia.The Vietnamese delegation, comprising officials from the Ministry of Industry and Trade, Ministry of Foreign Affairs and Ministry of Finance, also participated in a consultation of ASEAN Economic Ministers with ASEAN+3 partners (China, Japan and the RoK) the same day.At the conferences, Vietnam welcomed outcomes achieved in the implementation of economic cooperation programmes between ASEAN and the partners. The country affirmed that it will continue to coordinate with other ASEAN member countries and partners outside the bloc for the goal of strengthening the supply chain and sustainable economic development.Those conferences wrapped up the 55th AEM and related meetings which took place from August 17-22 in Semarang, Indonesia./.

HÀ NỘI — Members of the Việt Nam Automobile Manufacturers Association (VAMA) sold 24,687 vehicles in July, up 4 per cent month-on-month, VAMA reported on August 14. Of the vehicles sold last month, there were 19,221 passenger cars, up 11 per cent; 5,318 commercial vehicles, down 16 per cent; and 148 special-use vehicles, up 21 per cent month-on-month. Honda Vietnam reported an increase in motorcycle and automobile sales in July compared to the previous month. In July, it sold 152,764 motorcycles, up 14.2 per cent month on month, data showed. Among them, Honda CR-V and Honda City were the best-sellers at 454 and 467 units sold, respectively.

HÀ NỘI — The State Bank of Vietnam (SBV) has just allowed the Japanese multinational banking financial services institution, Sumitomo Mitsui Banking Corporation (SMCB), to buy newly issued shares of VPBank (VPB). To acquire 1.19 billion VPB shares, SMBC would pay more than VNĐ35.9 trillion (US$1.5 billion). SMBC's ownership ratio accounted for 15 per cent of VPBank's capital after purchasing 1.19 billion shares. For the next five years, the transfer of the number of shares bought by SMBC will be limited. On the stock exchange, VPBank shares were traded at VNĐ20,600 a share.

Read full text - The same day, the President received visiting Chief Justice of the Supreme People’s Court of Laos Viengthong Siphandon in Hanoi.Siphandon highlighted the close cooperation between the supreme courts of Laos and Vietnam and informed her host about the outcomes of her talks with Chief Justice of the Supreme People’s Court of Vietnam Nguyen Hoa Binh earlier the same day. Read full text - Foreign Minister Bui Thanh Son and his visiting Australian counterpart Penny Wong on August 22 co-chaired the fifth Vietnam-Australia Foreign Ministers’ Meeting in Hanoi.The two ministers focused discussions on the implementation of the Vietnam-Australia strategic partnership, as well as regional and international issues of mutual concern, and cooperation contents between their ministries. Read full text -The partnership between Vietnam and Australia is grounded on friendship and strategic trust, visiting Australian Minister for Foreign Affairs Penny Wong affirmed on August 22.The minister told the press in Hanoi that the two countries want to maintain their practical cooperation and are working together to elevate the relationship to a comprehensive strategy partnership. Read full text -“Taste of Australia”, a festival introducing the country’s cuisine, was held by the Australian Embassy in Vietnam in Hanoi on late August 22.The event was among activities marking the 50th anniversary of the two countries’ diplomatic ties and the official visit to Vietnam by Minister for Foreign Affairs Penny Wong. Read full text /.

Politics Vietnam pledges continued coordination with ASEAN, partners to strengthen supply chains Vietnam attended consultations between ASEAN economic ministers and their counterparts from Australia, New Zealand, the Republic of Korea and Japan, on August 22 in the framework of the 55th ASEAN Economic Ministers Meeting (AEM) in Indonesia. Politics PM Pham Minh Chinh receives visiting Australian Foreign Minister Prime Minister Pham Minh Chinh received Australian Minister for Foreign Affairs Penny Wong, who is paying an official visit to Vietnam, in Hanoi on August 22. Politics Ho Chi Minh City tighten friendship, cooperation with Cuba’s Havana A delegation from Ho Chi Minh City led by Deputy Secretary of the city's Party Committee and Chairwoman of the city People's Council Nguyen Thi Le on August 22 had a working session with First Secretary of the Havana Party Committee Luis Antonio Torres Iríbar in Havana.

Therefore, the Prime Minister asked that any public services related to daily operations of citizens and manufacturing activities of businesses must be prioritized. Most province-level, ministry-level public services are still not user-friendly except essential nation-scale ones like tax procedures, passport and citizen ID card issuance, driver’s license change, customs declaration. Minister of Information and Communications Nguyen Manh Hung has recently requested an identification of the real proportion of current online public services. Vietnam attends ASEAN meeting on trans-border crimeDeputy Minister of Public Security Lieut. The same day, Vietnam and Indonesia signed an amended and supplemented Protocol to the Agreement on preventing and combating human trafficking.

HÀ NỘI — The Ministry of Finance is calling for comments on a proposal to impose environmental fees on greenhouse-gas-emitting facilities, an effort to reduce their carbon footprint and incentivise greener practices. Under the proposal, the environmental fees are composed of two parts: a lump-sum part and a per-unit part. "We must not introduce new fees unless we are sure that current fees have produced their desired effects," said Long. He said vehicle owners had paid environmental fees once, which were factored into their fuel bills. "If they are made subject to the fees defined by the proposal, they would be paying overlapping environmental fees," said Bảo.

The two leaders were introduced to the distinctive features of Chu Dau ceramics. They had an opportunity to admire unique ceramic products and visit workshops there. The two leaders congratulated Hai Duong province and the Chu Dau Ceramic JSC for successfully reviving valuable traditional ceramic products. Chu Dau ceramics are high-class Vietnamese ancient ceramics representing “the rice civilisation” dated from the 13th century and were honoured as “Royal symbolic products” at the end of 17th century. Currently, Chu Dau ceramic artworks are being preserved and exhibited in 46 renowned museums across 32 countries worldwide./.

- The following is a brief review of the day’s events as reported by the Vietnam News Agency.- President Vo Van Thuong chaired an official welcome ceremony for his Kazakh counterpart Kassym - Jomart Tokayev in Hanoi on August 21. The Kazakh President arrived in Hanoi on August 20 for an official visit from August 20-22 at the invitation of President Thuong. Read full story - The Ministry of Industry and Trade has announced the list of 210 businesses that are eligible to export rice. The country plans to export about 2.67 million tonnes in the remaining five months of the year. Binh Duong has been honoured among the Smart 21 in five consecutive years.

This is the first visit of a Kazakh President to Vietnam in 12 years, and also the first time Tokayev visits Vietnam in his new position. The visit is made at the invitation of Vietnamese National Assembly Chairman Vuong Dinh Hue. In addition, it has leveraged resources from 20 industry partners for an additional US$8.7 million investment in higher education in Vietnam. The Bà Rịa Hospital on July 17 moved Bo to the HCM City Children Hospital No 2 for further treatment. Vietnam is represented by two teams: the Vietnam Women's Volleyball Team 1 and the Vietnam Women's Volleyball Team 2, both of which competed and achieved victories simultaneously.

HÒA BÌNH — Using electric shock to collect earthworms for sale to Chinese traders has become increasingly popular in the north recently, causing headaches to managers and farmers. Experts say using electricity to catch worms not only kills them instantly, but the current can damage soil, trees and plants. The worm hunters use easy techniques which do not cost money and offer a big revenue to catch worms. Many individuals have disregarded the danger, lurking day and night to capture worms using electric shocks, and sell for profit. Many orange garden owners have to erect wire fences, set cameras around the garden, and stay up all night to watch people collecting earthworms to prevent electric shock methods.

The exhibition at the Vietnam National Fine Arts Museum featured more than 30 ceramic works created by Tran Nam Tuoc, who has focused on sacred animals since he first became acquainted with pottery and ceramics more than 30 years ago. His ceramics impressed visitors thanks to his distinctive style in forming shapes and using colours of ceramic glaze. All illustrate Vietnam’s traditional culture and history. Born Tran Xuan Trieu in northern Thai Binh province, Tuoc nurtured a special interest in traditional folk culture present in numerous of temples and pagodas in his homeland. In 1996, Tuoc came to Bat Trang village in Hanoi, famous for its century-old ceramic history, to become an assistant at different workshops.

HÀ NỘI — The retail sector is expected to maintain growth in the remaining months of 2023, because most retail businesses have appropriate solutions to increase purchasing power. According to retailers, Việt Nam's economy is forecast to maintain growth in 2023, but it still faces many difficulties. Especially, competition in the retail market is predicted to be more intense with the participation of new retailers and operation expansion of existing domestic and international retailers. But the increase in goods prices will cause difficulties for the domestic market, according to Phú. Goods retail sales were estimated at about VNĐ2.78 quadrillion during the period, accounting for 78.7 per cent of the total and rising 9 per cent from a year earlier.

HÀ NỘI - The market is expected to see a technical recovery this week and investors are advised to stop panic selling, experts said. Shares collapsed last Friday, falling to fifteen-month lows as a series of large-cap stocks plunged to their floor prices, suffering strong selling pressure throughout the trading session. During the week, foreign investors continued to net sell VNĐ987 billion, up 34.7 per cent compared to the previous week on HOSE. “Therefore, we expect the market to see a technical recovery next week and investors should stop panic selling. Investors should wait for technical recoveries to lower the proportion of stocks instead of selling off in strong decline sessions.