On May 29, 1948, the "araguaney" (Tabebuia chrysantha) or "golden trumpet tree" was declared as the national tree of Venezuela. In honor of this, the 'National Tree Planting Day' (Día Nacional del Árbol) is held annually.

For practical reasons, it takes place on the last Sunday of May.

This tree is known as araguaney in Venezuela, as guayacán in Colombia, Panama, and Ecuador, as tajibo in Bolivia, and as ipê-amarelo in Brazil, so it's a native tree in South-America. It's the national tree of Venezuela due to its status as an emblematic native species of extraordinary beauty. It's deep yellow resembles that of the Venezuelan flag.