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Vietnam tops SEA Judo Championships 2024 with 20 gold medals

The Vietnamese judo team achieved the highest results at the Southeast Asian Judo Championships 2024, finishing first overall.

Tourism firms struggle with staffing for peak summer season

The tourism industry is in desperate need of qualified workers as the peak summer travel season begins.

Ministry to require authentication for e-commerce sellers to protect consumers

The Ministry of Industry and Trade is looking into regulations to better manage e-commerce business and protect the rights of consumers, including a requirement on authentication of individual sellers.

Vietnam Business News June 3/2024

Ministries discuss solutions to capture opportunities from rising demand for rice, fruit and vegetables

State capital divestment gains momentum in VN with high-profile deals in focus

The State Capital Investment Corporation (SCIC) announced plans to sell capital in 31 companies, attracting significant market interest.

Sotheby’s to auction rare painting by celebrated Vietnamese painter

An oil painting by renowned Vietnamese painter Nguyen Phan Chanh (1892-1984), Les Chanteuses de Campagne, will go up for sale on June 14 in Paris as part of Sotheby’s Arts d’Asie sale.

Markets set to slide as foreign investors increase selling pressure

The VN-Index continued its decline, accompanied by significant net selling by foreign investors throughout the past week, indicating persistent pessimism in the market.

Belgian stilt walkers to perform at Hue Festival 2024

Belgium’s Royal Merchtem Stiltwalkers group will present a grand performance on five-metre-high stilts, dazzling the Hue Festival 2024 slated for June 7-12 in the central province of Thua Thien-Hue.

Big4 banks and SJC sell gold bars directly to customers today

This strategic move aims to promote market stability and ensure a balanced gold market, rather than pursue profit motives.

Credit growth quota policy needs to ensure safety of banking system

The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.

Boom in English bachelor’s degree programmes raises quality concerns

Some learners switch from reputable, quality-focused programmes to more lenient ones to bypass quality control.

Transport ministry orders measures to lower domestic airfares

The average price for economy class tickets on several domestic routes has surged by up to 25 per cent year-on-year.

What did inspectors find at goldsmith companies?

Some companies have been found having very high revenue but low profits, despite gold price fluctuations and a big gap between buy and sell prices.

Vietnamese men's online purchases grow by 100% in six months

The products that men bought the most on e-commerce platforms included tech products and household appliances.

Coffee one of agricultural products with highest export price

Coffee is one of the agricultural products with the highest export price during the past 5 months of this year, at US$3,482 /ton, up 49.9% over the same period from last year, according to the Ministry of Agriculture and Rural Development (MARD).

American man samples super-cheap, super-expensive dishes in HCM City

An American man who has a popular YouTube channel has visited two eateries and tasted two popular street dishes, one at a record-low price of VND5,000 and the other at a record-high price of VND350,000.

Fines issued on 764 violations in e-commerce total VND12 billion in 2023

The Ministry of Industry and Trade (MoIT) revealed that there were 764 violations in e-commerce with a total fine of VND12 billion (US$ 471,601) in 2023.

Mekong Delta faces severe drought, salinity concerns

Amid worsening droughts and saline intrusion, global efforts are needed to secure the Mekong Delta’s prosperity and protect livelihoods.

Da Nang plans to invest VND7.2 trillion in 38 yacht projects

Danang City has unveiled a plan to invest VND7,260 billion in building a series of yacht marinas and developing related facilities to stimulate growth.