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VIETNAM NEWS HEADLINES MAY 22/2023

15th National Assembly’s fifth session opens

Ho Chi Minh Mausoleum suspends visits for yearly maintenance

Hanoi's historic Ba Dinh Square has been closed to tourists from June 12 to August 14.

Vietnam, Japan ink ODA deals worth US$442 million

Vietnam and Japan on May 21 signed three agreements worth 61 billion yen (US$442 million) to finance official development assistance (ODA) projects in Vietnam.

EC to send IUU inspection team to Vietnam in October

An inspection team from the European Commission (EC) will visit Vietnam to examine the country’s efforts on illegal, unreported and unregulated (IUU) fishing prevention and control in October instead of May as it announced earlier.

Vietnam seeks WHO’s assistance for supply of botulism antitoxin

Vietnam seeks assistance from the World Health Organization (WHO) as its leading hospital is short of botulism antitoxin.

VN banks start to reduce deposit interest rate

By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per year for a 6-month term decreased to around 7.5 percent per year.

Electricity prices approved for 15 renewable energy projects

The Ministry of Industry and Trade has approved the provisional electricity prices for 15 wind and solar power plants after its negotiations with the Vietnam Electricity Group (EVN).

VIETNAM BUSINESS NEWS MAY 22/2023

Vietnam, Japan foster cooperation in aerospace supporting industry

European Film Festival 2023 opens in Hanoi

Vietnamese movie lovers will be enthralled by an array of the best 19 films from EU member countries during the European Film Festival (EUFF) 2023, which opened in Hanoi on May 21.

Vietnamese population hits 100 million this year – a bittersweet story

Vietnam’s population is scheduled to reach 100 million this year, making it the 15th most populous country worldwide.

Vietnam ranks second globally for bauxite reserves

Vietnam boasts the world’s second largest supply of bauxite reserves of 5.8 billion tonnes, according to statistics released by the U.S. Geological Survey.

Removing policy bottlenecks to facilitate businesses

Thousands of business conditions and administrative procedures have been abolished or simplified, greatly facilitating businesses.

AI expected to ease burden of huge digital data for Vietnamese firms

Businesses are all carrying digital debt. The volume of data, emails and chats has outpaced their ability to process it all, according to the 2023 Work Trend Index report: “Will AI Fix Work?” newly released by Microsoft.

PM’s trip to Japan, attendance at G7 expanded summit a success: Foreign Minister

Prime Minister Pham Minh Chinh’s freshly ended trip for attendance at the expanded Summit of the Group of Seven (G7) and a working visit to Japan was a success in both bilateral and multilateral aspects.

Industry insiders anticipate tourism boost as 90-day visa brought to NA meeting

Will Vietnam's tourism see a boost soon? Industry insiders are optimistic about future prospects as the Government weighs up a 90-day e-visa to gain a competitive edge as a leading tourism destination.

Condotels, officetels, resort real estate to be granted red book

When condo hotels and tourism villas are granted red books (land-use rights certificates), investors’ confidence will be restored.

Vietnamese consumers encouraged to purchase domestic fruits

Domestic consumers appear to be confused about information on domestically grown fruits and think the products are not safe enough, even though developed and neighboring markets have been buying Vietnam’s fruits for many years.

Shortage, but abundance

Despite looming concerns over a shortage of electricity this summer, many completed wind and solar power projects have yet to be connected to the national grid, given protracted pricing problems.

Conquering Duong Cam Waterfall in one day

Situated in the Dong Chau – Khe Nuoc Trong Nature Reserve, the Duong Cam Waterfall only adds to the vivid and majestic natural beauty of Quang Binh.

Entertainment and cultural events of the week (May 22-28/2023)

Entertainment and cultural events in Vietnam's major cities on May 22-28.