A fire engulfed a mini apartment building which houses around 150 residents on Khuong Ha Street in Hanoi’s Thanh Xuan District on the evening of September 12, resulting in numerous casualties.

Leaders of Vietnam and the U.S. have issued a joint communiqué on elevating bilateral ties to a comprehensive strategic partnership on the occasion of President Joe Biden’s State visit to Vietnam on September 10-11.

Vietnam’s Party General Secretary Nguyen Phu Trong and U.S. President Joe Biden have announced that the two nations have elevated their relations from a comprehensive partnership to a comprehensive strategic partnership.

The Ministry of Industry and Trade has proposed a plan to implement the National Power Development Plan VIII, which outlines the need of substantial investments worth US$134.7 billion in the country’s electricity sector by 2023.

The banking sector in Vietnam is currently sitting on mountains of cash as the demand for loans in the economy remains woefully low, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Two flight attendants from a Vietnamese airline have been detained in South Korea for alleged involvement in drug smuggling, according to South Korean authorities.

Officials from Vietnam and Australia have highlighted the significant potential for enhancing bilateral trade and investment, particularly through the free trade agreements (FTA) to which the two nations are signatories.

U.S. President Joe Biden is scheduled to pay a State visit to Vietnam from September 10 to 11 at the invitation of Vietnamese Party General Secretary Nguyen Phu Trong, the Vietnamese Ministry of Foreign Affairs has announced.

Deposits at commercial banks in Vietnam had reached an all-time high of over VND12.3 quadrillion in the year to the end of June despite interest rate cuts, according to the State Bank of Vietnam.

The foreign direct investment (FDI) sector holds the lion’s share in Vietnam’s mechanical engineering exports, leaving a meager portion for local enterprises.