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VIETNAM NEWS HEADLINES JUNE 20/2023

Nearly 800 candidates join 6th Vietnamese language test in Japan

Hanoi to develop housing projects on both sides of Red River

The Prime Minister has ordered Hanoi to impose strict controls on the central area's high-rise development and implement programs to renovate and rebuild the city.

Best-selling author’s book to be adapted into movie

The novel entitled Ngay xua co mot chuyen tinh (Once Upon a Love) by best-selling author Nguyen Nhat Anh will be made into movie by director Trinh Dinh Le Minh.

Ministries, localities with low public capital disbursement to be publicized

The Ministry of Planning and Investment has been assigned to publicize the names of ministries, central bodies, and localities that have a disbursement rate of public capital below the country’s average rate on the national public service portal.

Interest rate cut expected to pump economy up

The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.

Creative cultural spaces make Hanoi’s Tay Ho district attractive for visitors

Tay Ho district will connect local destinations and cultural relic sites to make complete tours in combination with spiritual tourism, green tourism, experience tourism and night tourism.

Vietnam tourism growing faster than in Thailand, Japan: Nikkei Asia

Online travel company Agoda sees tourism in Viet Nam growing faster than in Thailand, told Nikkei Asia in its article released on June 16.

Incentives for rooftop solar power systems proposed

Unlimited capacity, exemption from power operation licenses, various tax exemptions and reductions, access to loans are some of the incentives for rooftop solar power systems for self-consumption.

Search volume for Vietnam’s tourism ranks 7th worldwide

The search volume for Vietnam's tourism via Google's market trend tracking tool grew 10%-25% between mid-March and early June, ranking 7th in the world and indicating a strong demand recovery.

Hanoi tops trending cities worldwide for solo travel: UK travel company

Hanoi has been ranked first in the list of the top 20 trending cities for solo travel while Ho Chi Minh City ranked sixth, according to a report by UK-based adventure travel company Explore Worldwide.

SBV’s policy rate likely to drop to 4%: HSBC

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

Make a difference

Looking for a niche market and building a sandbox with breakthrough policies can be a pathway to help gradually turn HCMC into an international financial center capable of supplying cross-border financial services.

Credit growth sparks concerns

The State Audit Office of Vietnam has issued a warning that credit growth in high-risk areas exceeded overall growth in 2022, and the credit-to-GDP ratio now poses potential risks.

‘Cu hu dua’ salad: The heart of Ben Tre

‘Goi cu hu dua’ (coconut core) salad is a specialty of Ben Tre, the home of coconuts in Vietnam.

NA economic committee opposes property trading via exchange

The Economic Committee of the National Assembly (NA) has recommended against making it mandatory for real estate products to be traded through an exchange, citing concerns over potentially higher prices and fees.

Vietnam’s first batch of lychees arrives in UK

Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16.

Momo and ZaloPay dominate cashless payments in Vietnam

MoMo and ZaloPay e-wallets accounted for the highest share of the Vietnamese e-wallet market in the first quarter of this year, with 68% and 53%, respectively, according to a Connected Consumer report.

Gov't removes condo ownership time limit from draft law

The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister.

Foreign beauty appears graceful in Vietnamese designer’s Italian fashion show

Caterina Di Fuccia, Miss Universe Italy 2021, joined Vietnamese models to perform in a fashion show organised by renowned designer Hoang Hai in the Italian city of Venice on the occasion of the 50th anniversary of Vietnam-Italy diplomatic ties.

NA passes resolution on 2021 State budget settlement

The 15th National Assembly (NA) on June 19 adopted a resolution approving State budget settlement in 2021, during its ongoing fifth plenary session.