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High-end brands looking to invest in Vietnam

Revenue in the luxury goods market in Vietnam will amount to 957.2 million USD in 2023, and grow annually by 3.23% in the 2023-2028 period, according to Statista, a statistics portal for market data.

VIETNAM BUSINESS NEWS MAY 24/2023

Set of criteria for measuring ESG performance to be launched in Q3

Minister warns about policies holding back economic progress

At important events, Minister of Planning and Investment Nguyen Chi Dung always stresses that new policies and regulations that require people and businesses to spend more, create new procedures, and require more time must not be issued.

Experiencing luxury five-star cruise in Ha Long Bay with VND2mil.

Booking a tour from VND2 million on a luxury five-star cruise represents the best way to discover the beauty of Ha Long Bay - UNESCO World Heritage Site in Quang Ninh province.

Da Nang festival to feature hundreds of orchid species

An orchid festival is set to return to the central city of Da Nang from May 27 to May 28, with the event attracting hundreds of artisans and people who love orchids from various localities across the country.

Businesses not sure how to access, use loans

In late 2022 and early 2023, enterprises complained they found it difficult to access bank loans. But this is different now: it is not difficult to borrow money, but businesses are not sure how to use the borrowed capital.

Central bank continues to reduce policy interest rates

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Farmers use agricultural waste, save tens of billions of VND a year

The circular economy and organic agriculture are being adopted by many enterprises. Agricultural waste is now being re-used in farming.

Searching for rock crabs along the southwestern seaboard

The term "rock crabs" is not only the name but also a characteristic of a crab species living in this sea

Nung people’s unique silver carving

In Nùng tradition, silver is a sacred material thought to possess talismanic qualities that can exorcise evil, prevent "poisonous winds", protect health, bring happiness, as well as protect the soul.

New legislation allows universities to raise fees

In the academic year 2023-2024, higher education institutions will start to increase tuition fees according to the Government's Decree 81/2021/ND-CP.

Listed textiles enterprises face negative prospects this year

The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.

Miss International 2022 arrives for working trip to Vietnam

Jasmin Selberg, the winner of Miss International 2022, touched down at Tan Son Nhat International Airport in Ho Chi Minh City on May 22 to mark the beginning of a working trip to Vietnam.

Vietnamese women’s football team receive big bonus

The Vietnamese women’s national football team have been awarded a major bonus totaling VND5.6 billion following their latest victory at SEA Games 32.

Young Vietnamese rider wins third place at FIM MiniGP Malaysia

Young local rider Nguyen Viet Tuan claimed third prize at the FIM MiniGP Malaysia Round 1.

Hoang Duc Trung to compete at Mister Altitude World 2023

Hoang Duc Trung, who once weighed 119kg, has been selected to represent Vietnam at the Mister Altitude World 2023, which will take place in Thailand from May 22-28.

Vietnamese naval vessel attends LIMA 2023 in Malaysia

Ship 20 of the Naval Region 3’s Brigade 172 on May 23 joined ships from 11 other countries in activities in the framework of the 16th Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023.

Treaty on mutual legal assistance in criminal matters with Uzbekistan approved

President Vo Van Thuong has signed a decision on ratifying the treaty on mutual legal assistance in criminal matters between Vietnam and Uzbekistan.

Vietnam among countries with highest male smoking rates: official

The smoking rate among male adults in Vietnam has decreased over the past years but remains one of the highest in the world, heard a press conference in Hanoi on May 23.

Vietnam futsal team to play friendly matches with Solomon Islands

The Vietnam Football Federation (VFF) on May 23 announced that the national futsal team will play two friendly matches with the Solomon Islands before taking training in South America.