Will Vietnam have to give up control of the gold market?

After two failures, the State Bank of Vietnam (SBV), experts say, has to lower bidding prices further to VND75 million per tael or give up the gold market, because it is very difficult to stabilize the gold market now.

SBV cancels gold auction for third time due to lack of bidders

The State Bank of Vietnam (SBV) has announced the cancellation of its gold auction for 16,800 taels of SJC gold this morning, May 3, as just one bidder registered to join the auction.

Vietnam News Headlines May 3/2024

Five Vietnamese victims of human trafficking rescued in Laos

Building carbon credit management mechanisms crucial: PM

Prime Minister Pham Minh Chinh emphasised the urgent need to develop a carbon market and carbon credit management mechanisms in his recently-issued directive.

Binh Dinh to host Teqball World Series next month

Athletes from 50 countries and regions will take part in the competition in Quy Nhon City, competing in men’s singles and doubles and mixed doubles.

Phone and component exports hit over US$18 billion in four months

Vietnam earned US$18.4 billion from exporting phones and components during the first four months of the year, up 6.6% year on year.

HCM City strongly handling canal pollution

HCMC has been trying to eliminate water pollution in its canals in order to improve the living environment for local inhabitants there.

$529 million funneled into Vietnam’s startup ecosystem in 2023

The total capital invested in Vietnamese tech startups amounted to $529 million in 2023, marking a 17 per cent decrease from the previous year.

Traffic accidents leave 845 deaths in a month: traffic safety committee

A total of 1,995 traffic accidents occurred nationwide in the month from March 15 to April 14, killing 845 people and injuring 1,537, according to the Office of the National Traffic Safety Committee.

Credit rating culture deemed vital for transparency

Rated corporate bond issuances in Vietnam still trail behind regional peers, though efforts to enhance credit rating culture aim to expand the market significantly.

Vietnam among top 10 favourite destinations for Chinese tourists

Vietnam has been named among the top 10 favourite destinations for Chinese tourists during the May Day holiday, according to Chinese travel data platform Qunar.

Long holidays help tourism prosper

The average hotel room occupancy rate was estimated at 60 percent during the five-day holiday for this year's Reunification Day (April 30) and Labor Day (May 1) from April 27- May 1, reaching over 70 percent on peak days.

Decree regulates conditions for cars from abroad to Vietnam

Foreign drivers and motor vehicles driving in Vietnam must go through Vietnam's international travel service businesses to complete the approval procedures.

European and Vietnamese artists celebrate EU Day

The music in Dó serves as a link between the past and the present of European classical music, introducing to Vietnamese audiences Vivaldi’s legendary Four Seasons recomposed by famed composer Max Richter.

Ex-diplomat’s memories of the 1954 Geneva peace talks

Colonel Ha Van Lau said that the Dien Bien Phu victory held immense significance and greatly influenced the diplomatist efforts of the Democratic Republic of Vietnam in Geneva, giving the Vietnamese delegation a victorious position in negotiation.

V.League 1 returns with exciting matches

The first match on May 3 will feature Ha Tinh, currently seventh with 20 points, against Quang Nam, who sit 11th with 16 points.

10 Vietnamese athletes secure slots for 2024 Paris Olympics

As of April 30, 10 Vietnamese athletes has officially secured slots at the Paris Olympics 2024.

Fresh policies come into effect in May 2024

New policies regarding standards for civil servants holding leadership and management positions, management and development of industrial clusters, transportation of dangerous goods, and penalties in fishing sector shall come into effect this May.

Vietnam becomes more attractive to foreign workers

Vietnam is attracting many workers from countries around the world.

Preserving the legacy of Vietnamese folk music

Experience the enchanting melodies of Vietnamese folk music at the “Tinh van dien ca” performance, dedicated to the preservation and celebration of this cultural treasure.

HCMC sees longest heatwave in 30 years

HCMC has endured an unprecedented 79 days of scorching heat above 35 degrees Celsius so far this year, the highest number of hot days in nearly three decades, according to a weather expert.

Asia-Pacific unprepared for aging challenges: ADB

Asia and the Pacific’s rapid development is a success story, but it’s also fueling a huge demographic shift, and the pressure is rising.

Growth engines rev up in first four months

The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.

Vietnam likely to export more than 8 million tonnes of rice this year

Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

Japanese leaders hold further talks to make North Hanoi Smart City a reality

Japanese government agencies have held meetings with leaders of a consortium between Vietnam’s BRG Group and Japan’s Sumitomo Corporation to push progress on the North Hanoi Smart City project.

Vietnam develops railway tourism associated with “awakening” heritage

Travelling by train is currently a new trend, as rising prices of domestic air tickets are leading to an increase of 10-15% in tour prices.