Unable to access bank loans, businesses struggle to develop

About 80 percent of surveyed businesses say the biggest obstacle to borrowing money from banks is the lack of collateral.

Vietnam seeks to expand overseas markets for lychees, longans

The Ministry of Industry and Trade held a meeting with Vietnam Trade Offices abroad on May 31 to discuss ways to boost the exports of lychees and longans as many northern localities are harvesting the fruits.

Extra VND1.9 trillion approved for Nhon-Hanoi Station metro line

The Government has approved adding nearly VND1.92 trillion to the investment cost and rescheduling the completion of the Nhon-Hanoi Station metro line project to 2027.

Vietnamese paintings auctioned for thousands of Euros

Four Vietnamese pieces by renowned local painters Le Pho and Mai Trung Thu will feature at the "Impressionist & Modern Art” Day Sale auction held by Paris auction house Artcurial.

US magazine names HCM City as best destination for solo backpacking

Ho Chi Minh City has been hailed as the most suitable for solo backpackers, according to online magazine Money.com of the United States.

Vietnam to host Syria on FIFA Days in June

Vietnam will play a friendly match against Syria on June 20 at northern Nam Dinh province's Thien Truong Stadium for FIFA Days.

Will interest rate cuts, debt restructuring and tax cuts foster economic growth?

Agencies have recently launched fiscal and monetary policies expected to serve as a strong push to help the economy escape the risk of growth decline.

Vietnam welcomes international renewable energy projects: Deputy PM

Deputy Prime Minister Tran Hong Ha welcomed Dutch firms and partners to join in the pilot scheme for rooftop solar installation in Vietnam during a reception in Hanoi on May 31 for Dutch Ambassador to Vietnam Kees van Baar.

Vietnamese, Japanese football clubs cooperate in training young players

Song Lam Nghe An Football Club will receive experts and coaches from Japan’s Mito HollyHock Club to improve the quality of training for its players, Truong Manh Linh, General Director and CEO of Song Lam Nghe An said on May 31.

Summer tourism season: travelers remain indecisive

Students have begun their summer holiday and the summer tourism season has kicked off. However, people still have not booked tours yet, leaving tourism companies feeling anxious.

Interest rates fall, cash expected to flow

The State Bank of Vietnam (SBV) has, for the third time this year, decided to ease some operating interest rates in an effort to force down commercial lending interest rates.

Send-off ceremonies for Vietnamese athletes to ASEAN Para Games 12

A ceremony was held at Noi Bai International Airport in Hanoi on May 31 to send off Vietnamese athletes with disabilities competing in the 12th ASEAN Para Games, which is scheduled to take place in Pnom Penh, Cambodia from June 3-9.

HCM City moves to apply ASEAN Tourism Standards

The Ho Chi Minh City Department of Tourism held a conference on May 31 to discuss the application of the ASEAN Tourism Standards and launch the ASEAN Tourism Awards among businesses in the sector.

HCM City eyes jump in economic growth to 5.87% in Q2

Ho Chi Minh City’s economic growth is expected to climb to 5.87% in the second quarter of 2023, its leader has said.

Vietnam’s services sector remains a bright spot: HSBC

Vietnam’s services sector remains a bright spot, partially offsetting some external weakness, according to a report released by HSBC Vietnam on May 31.

Overseas Vietnamese businessman vows to revive race course

After many years of living in Australia, Nguyen Ngoc My decided to return to Vietnam with a plan to recover the sport of horse racing in his homeland.

PM issues directive to enhances data sharing for e-commerce development

Prime Minister Pham Minh Chinh on May 31 signed Directive No. 18/CT-TTg on promoting data connection and sharing for e-commerce development, preventing tax loss, and ensuring monetary security.

Difficulties for education in Central Highlands need addressing

Teaching literacy skills for children in the Central Highlands becomes a discouraging job owing to various obstacles in the professional and personal aspects.

Exhibition in Hanoi to praise Hungary's national poet

The cultural event aims at celebrating the 200th anniversary of the birth of Sándor Petőfi - a famous Hungarian revolutionary poet and writer.

VIETNAM NEWS HEADLINES MAY 31/2023

Australian Prime Minister to pay official visit to Vietnam

Saigonese release lanterns to celebrate Buddha's birthday

Thousands of people gathered at Phap Hoa Pagoda, HCM City, on May 30 for in the largest lantern releasing ceremony to pray for peace on the occasion of the Buddha's 2567th birthday.

Thua Thien-Hue province to host Ao Dai week 2023

The community Ao Dai week is scheduled to take place in the central province of Thua Thien-Hue from July 6 to July 12, with the event aiming to promote the beauty of the country’s traditional outfit, as well as showcasing local culture and tourism.

700-year-old gold apple tree recognized as heritage tree

A 700-year-old gold apple tree (or yellow Diospyros decandra Lour ) in the north-central province of Ha Tinh has been recognized as a heritage tree by the Vietnam Association for Conservation of Nature and Environment (VACNE).

Land erosion worsens in Mekong Delta

At the end of May 2023, the beginning of the rainy season increased land erosion along rivers and canals in the Mekong Delta including the Tien River, Hau River and Ca Mau peninsula.

VIETNAM BUSINESS NEWS MAY 31/2023

Bac Giang plans to export 96,000 tonnes of lychee