Several banks get extra room to lend

The State Bank of Vietnam (SBV) on September 7 raised credit growth quotas for several banks, paving the way for these lenders to make new loans for clients.

PM delivers speech at Eastern Economic Forum

Prime Minister Pham Minh Chinh on September 7 delivered a pre-recorded speech at the Eastern Economic Forum (EEF) held in Vladivostok city, Russia.

Quynh Hoa set to compete at Supermodel International 2022

Bui Quynh Hoa has been selected as the Vietnamese representative to the upcoming Supermodel International 2022 which is scheduled to take place on September 15 in Thailand.

Deaths caused by rabies on the increase in Vietnam

The number of people killed by rabies during the first eight months of the year showed signs of increasing in comparison to the same period from last year.

Eighth Buon Ma Thuot Coffee Festival to return next year

The eighth edition of the national Buon Ma Thuot Coffee Festival will be held in the Central Highlands province of Dak Lak next year after two postponements in 2021 and 2022 due to COVID-19.

Japanese language school's licence revoked over abuse of Vietnamese student

Japan's immigration agency stripped a Japanese language school of its certification on September 7 after it found a staff member physically restrained a Vietnamese student last October.

Lẩu mắm, the symbol of southern food

Lẩu Mắm (fermented fish hotpot) originated from Chau city in An Giang Province as a dish for poor people and it, along with Mắm Cá (fermented fish paste), has become characteristic of southern Vietnam culinary culture.

Enterprises concerned about losing export momentum

Total import and export turnover in the first eight months of the year reached US$497 billion, of which export turnover hit $250 billion, up 9.1 percent over the same period last year.

Real estate market cools, investors need long-term vision

The real estate market will face more challenges in H2/2022 because of cost-push inflation, interest rate increases and limited lending, while property prices will cool down, according to VNDirect’s latest report.

VIETNAM NEWS HEADLINES SEPTEMBER 7

Ministry of Home Affairs prefers seven-day Lunar New Year holiday

Pig deaths after vaccination not because of vaccine quality: agriculture official

In June this year, Vietnam announced that it had successfully developed a vaccine to administer to pigs to fight African swine fever, with the aim of becoming the first country to commercially produce and export it.

VIETNAM BUSINESS NEWS SEPTEMBER 7

HCM City eyes establishment of huge economic zone

Designer Dac Ngoc to present history of Vietnamese ao dai in Korea

Vietnamese designer Le Tran Dac Ngoc will introduce the Vietnamese ao dai at the upcoming Luxury Brand Global Fashion Week 2022 in Busan (Korea) on October 7-11.

Key industries can’t develop as private businesses remain small, weak

The processing and manufacturing industry is key to Vietnam’s prosperity, but the development of private enterprises in this sector faces obstacles.

Hanoi to study a pilot program on bicycle-only lanes

Hanoi is considering building lanes exclusively for bicycles in a bid to reduce congestion in the coming time, according to the Hanoi People’s Committee.

Ho Quyen arena relic: Vietnam's 'Roman Colosseum'

The Ho Quyen arena relic in the former royal capital of Hue is well-known for its unique architecture and stories about battles between elephants and tigers.

Borussia Dortmund Legends set to play Vietnam All Stars team

A team of legends from German side Borussia Dortmund are scheduled to face off against a Vietnam All Stars team at Thong Nhat Stadium in Ho Chi Minh City on September 28.

VN timber exporters struggle to find new markets

According to market insiders, the wood industry will face a big challenge due to a decrease in export orders in the latter half of this year.

Inspectors withdraw licences from five fuel firms

Inspectors appointed by the Ministry of Industry and Trade (MoIT) have recently withdrawn the business licences of five fuel firms.

HCM City seeks investors for wastewater treatment projects

HCM City is calling for investment in six planned wastewater treatment projects to treat about three million cubic metres (cu.m) of wastewater a day in the city.

Real estate sector struggles to access bank loans

Credit expansion is good news, but not for the property sector, as banks have poured too much money into it, experts said.

Just VND55.5 trillion disbursed for economic recovery, development

As of September 2, the disbursement of the relief package for economic recovery and development had totaled a mere VND55.5 trillion (US$2.36 billion), Minister of Planning and Investment Nguyen Chi Dung told a monthly Cabinet meeting on September 6.

Vietnamese oil facing significant hurdles

The government is promoting energy self-reliance rapidly as global developments have significantly changed the world’s energy situation, pushing Europe into gas scarcity for this winter.

33 killed in karaoke bar fire in Binh Duong Province

Rescue forces have completed the search for victims trapped in the karaoke bar that caught fire in Binh Duong province on September 6 evening, with the death toll rising to 33., local media reported.

Lam Thu Hong set to compete for Miss Globe 2022 crown

Lam Thu Hong has been chosen as the Vietnamese representative at the upcoming Miss Globe 2022, an international beauty contest which is scheduled to be held in Albania later this year.