Vietnam eyes US$47 billion in apparel exports in 2023
HCMC – Vietnam’s textile and garment export revenue is expected to hit US$47 billion in 2023, according to the Vietnam Textile and Apparel Association (VITAS). Speaking at a press briefing on November 18, VITAS Chairman Vu Duc Giang forecast the country would see strong growth in apparel exports
Danang revokes long-stalled railway station project
HCMC – Danang City has decided to revoke the 18-year railway station project in Lien Chieu District, the local media reported. Le Quang Nam, vice chairman of the Danang People’s Committee, on November 17, ordered termination of the city’s railway station construction plan in an area encompassing
Thu Dau Mot Water to make capital contribution to water services firm
HCMC – Thu Dau Mot Water Joint Stock Company, which trades its TDM shares on the Hochiminh Stock Exchange, has passed a plan to spend VND12 billion purchasing 1.2 million shares of Gia Tan-Cam My Water Company, or acquiring a 20% stake in the latter. Gia Tan-Cam My Water Company was established on
Tiki joins hands with NZTE to diversify products
HCMC – The New Zealand Trade and Enterprise (NZTE) and Tiki, a prominent Vietnamese e-commerce platform, have signed a Memorandum of Understanding (MoU) to allow New Zealand businesses to sell their products on the platform and gain access to millions of Tiki customers. The MoU signing was part of
Obstacles plaguing property development expected to be removed
HCMC – Prime Minister Pham Minh Chinh has formed a working group that will adopt measures to remove difficulties plaguing property projects in HCMC, Hanoi and other municipalities. The working group will be led by Minister of Construction Nguyen Thanh Nghi. Deputy Governor of the State Bank of
North-South Expy contractor may be replaced for construction delays
HCMC – Minister of Transport Nguyen Van Thang has sought the suspension of the Hoang Long Construction Investment Corporation if it fails to meet the deadline of the North-South Expy project. The request came after Minister Thang found construction delays in the Mai Son-National Highway 45 section
Haiphong starts work on sea embankment project
HCMC – The government of Haiphong City yesterday, November 17, broke ground on a sea embankment project in the Dinh Vu-Cat Hai Economic Zone. The municipal government earlier assigned the Haiphong management board of urban development projects and economic and industrial zones to serve as the
Japanese firms eye investment in Danang
HCMC – A delegation of 25 Japanese firms led by Kuroiwa Yuji, Governor of Kanagawa Prefecture in Japan, arrived in Danang City on November 17 to visit the city and sound out investment and cooperation opportunities. The Japanese side will hold a trade promotion conference to strengthen the
Food production boosted in preparation for shopping spree
HCMC – Food and beverage manufacturers are ramping up output in preparation for a demand surge at the end of the year. According to an analysis of Mordor Intelligence Inc, a leading market research company, the Vietnam food service market is projected to register a compound annual growth rate of
PM hints at credit growth target expansion
HCMC – Prime Minister Pham Minh Chinh has hinted at expanding the credit growth target to maintain macroeconomic stability. The information was given during a meeting with voters of PM Chinh and the National Assembly deputies delegation of Can Tho City in the Mekong Delta on November 17. PM Chinh
Gov’t approves 400-hectare industrial park project in Dak Nong
HCMC – The Government has given the green light to the Nhan Co 2 industrial park project, which will cover 400 hectares of land in Dak R’lap District in the Central Highlands province of Dak Nong. Tran Van Dieu, head of the Dak Nong government’s office, said on November 17 that Deputy Prime
Business-matching conference series kicks off in HCMC
HCMC – A series of business-matching conferences between HCMC and other localities kicked off at the Phu Tho Indoor Sports Stadium in HCMC yesterday afternoon, November 17, according to the local media. It comprises 500 booths of over 1,000 enterprises from 42 provinces and municipalities. Among
Investment options weighed for Con Dao Airport upgrade
HCMC – Deputy Prime Minister Le Van Thanh has requested the Ministry of Transport and relevant agencies to evaluate two investment options for expanding and upgrading the Con Dao Airport off the coast of Ba Ria-Vung Tau Province. The first investment option suggests the expansion project be
Vietnam sets US$27-billion footwear export target for 2023
HCMC – The country’s leather and footwear export revenue is expected to reach US$25 billion in 2022 and US$27 billion in 2023, according to the Vietnam Leather, Footwear and Handbag Associatiom (LEFASO). Footwear exporters booked US$2 billion in revenue in September, taking the total in the first
Night-time economy development grapples with inadequacies
HCMC – Despite the night-time economy showing a lot of potential, the country’s five biggest cities are finding it tough to develop it due to inadequate investment in infrastructure, according to the Departments of Industry and Trade of these cities. The HCMC Department of Industry and Trade
Fuel shortage drags on in Can Tho, Binh Duong
HCMC – The fuel shortfall continued to linger in the southern province of Binh Duong and the Mekong Delta city of Can Tho, forcing local retailers to put up “out of stock” notifications. The shortage was caused by an inadequate supply from fuel wholesalers. The Vietnam News Agency reported that