Banks have money but businesses don’t want to borrow

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu says a bank officer told him that many businesses don’t have demand for capital and many want to give newly borrowed loans back.

Super-expensive houses on sale in Hanoi

A high number of luxury properties in Hanoi have been put for sale amid an otherwise gloomy real estate market with very few transactions.

NA seeks sanctions on polluters discharging untreated wastewater

National Assembly deputies have called for strict sanctions on those who discharge untreated wastewater into the environment, destroying water sources and illegally exploiting underground water.

Da Nang woman makes fish-shaped pillows for child cancer patients

Le Thanh Giang began sewing fish-shaped pillows to give child cancer patients as gifts last mid-autumn. Hundreds of such pillows have been completed and presented.

Computers lead in export revenue in year to mid-June

Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.

Options contracts to trade on MXN later this month

The Mercantile Exchange of Vietnam (MXV) will begin the trading of options contracts for businesses and investors on June 26.

Hanoi conserves Old Quarter’s heritage culture

The People’s Committee of Hoan Kiem District has exerted efforts and taken numerous measures to conserve and highlight the unique historical, religious and architectural heritage of the Old Quarter.

Vietnam ready for citizen protection measures in Russia

The Ministry of Foreign Affairs of Vietnam is developing citizen protection plans for Vietnamese expatriates in southern Russia amidst complicated situations there.

High-tech applications help Hanoi flower growers earn higher incomes

Flower growers in Hanoi earn higher incomes thanks to the use of advanced technologies in their cultivation activities to boost the blooms and generate new revenue streams.

VIETNAM BUSINESS NEWS JUNE 25/2023

The BIFA Wood Vietnam 2023 fair will return to the southern province of Binh Duong from August 9-12, the event's organisers announced at a press conference in the locality on June 22.

Lai Chau: Creative ways to preserve ethnic cultural identities

Maintaining the activities of cultural and art clubs in schools has helped contribute to preserving and promoting the traditional cultural identity of ethnic minorities in Lai Chau province.

VIETNAM NEWS HEADLINES JUNE 25/2023

Chairman of Russia’s State Duma postpones Vietnam visit

Standard Chartered forecasts VN's 2030 export revenue to reach US$620 billion

Vietnam is poised to become a major driver of global trade growth, with its export revenue projected to reach US$618 billion by 2030, according to a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors.”

IVF services offer high profits

There are 53 centers for reproduction assistance and in vitro fertilization (IVF) in the country. With a cost of tens to hundreds of millions of dong for each operation, the service brings very high profits.

Vietnamese workers in Japan leave as yen depreciates

Many Vietnamese guest workers in Japan have decided to leave the country as the yen’s recent depreciation has badly affected their lives.

The rural villages without university students

Previously, having many university students in their communities was the pride of villagers. But now, their pride is centered on their children who train to become guest workers overseas and remit money to help parents build big, beautiful homes.

Vietnam, South Korea witness tourism boom post reopening

The highest number of visitors to Vietnam so far this year has been from South Korea, while the number of Vietnamese tourists to the Northeast Asian country has shown signs of recovery.

Ha Long City opens Bai Tho walking street

The Bai Tho pedestrian street officially opened on the evening of June 23 in Ha Long city, a famous tourist destination in the northern province of Quang Ninh.

RoK retains leading position as largest investor in Vietnam

With 9,666 projects capitalised at over US$81.5 billion, the Republic of Korea (RoK) has retained its position as the leading foreign investor in Vietnam, according to the Ministry of Planning and Investment (MPI).

Vietnam’s mắm nêm hailed by foreign media

Renowned food and drink website Tasting Table has published an article, noting that mắm nêm, a bold Vietnamese sauce, takes sweet and savory tastes to a new level.

Ten monkeys released into the wild at Bai Tu Long National Park

They belong to four species - long-tailed, rhesus, Assam, and stump-tailed macaques, scientifically known as Macaca fascicularis, Macaca mulatta, Macaca assamensis, and Macaca arctoides, respectively.

Quang Hai officially joins Hanoi Police FC

After saying goodbye to Pau FC in France, midfielder Nguyen Quang Hai has signed an 18 month contract with Hanoi Police FC.

Swans die from pollution in Haiphong river

Hundreds of swans released to the northern port city of Haiphong's Tam Bac River are dying from pollution.

New development policies for HCM City get lawmakers’ nod

With a majority of votes in favour, the National Assembly on June 24 passed a resolution on specific development policies for Ho Chi Minh City, the country’s largest economic and financial hub.

National Assembly successfully ends mid-year session

Deputies to the National Assembly concluded their 23-day mid-year sitting in Hanoi on June 24, successfully completing the entire working programme.