Home prices edge up in Q3
HCMC – The third quarter of this year saw prices of detached homes and condos growing across the country’s urban centers, particularly in Hanoi and HCMC. The average condo price in HCMC between July and September was VND66.7 million per square meter, up 1% over the second quarter, according to
Ports see Jan-Oct cargo throughput rising 3% y-o-y
HCMC – Cargo throughput at ports nationwide reached 608.3 million tons between January and October, meeting 84% of the year’s target and rising by 3% year-on-year, according to the Vietnam Maritime Administration. According to SSI Research, the shipping sector’s growth prospects remained grim in
VAT refund delays spell trouble for wood exporters
HCMC – Replanted-forest wood exporting businesses are finding it tough to claim VAT refunds, which have reached VND1,000 billion since January this year. The Association of Vietnam Timber and Forest Product (VIFOREST) has written to the Ministries of Agriculture-Rural Development and Finance,
HCMC wants stronger cooperation with South Australia
HCMC – Nguyen Van Nen, secretary of the HCMC Party Committee, met Governor of South Australia Frances Adamson in HCMC during her visit to Vietnam on November 8. Speaking at the event, Nen thanked the Australian Government and people for their timely support of 26 million doses of Covid vaccines
Lenders told to meet fuel importers’ credit needs
HCMC – The central bank governor has written to commercial banks urging them to give fuel companies priority access to new loans. In an official dispatch sent to bankers, the State Bank of Vietnam (SBV) stated that fuel is a strategic commodity, so it plays an important role in macroeconomic
Vietnam imports CBU cars mostly from Indonesia, Thailand and China
HCMC – September saw Vietnam importing 18,303 completely-built-up (CBU) cars, mainly from Indonesia, Thailand and China, according to data from the General Administration of Vietnam Customs. According to the Ministry of Industry and Trade, the 18,303 CBU cars imported into Vietnam in September
PNJ to issue over 82 million bonus shares
HCMC – Phu Nhuan Jewelry JSC, which trades its shares on the Hochiminh Stock Exchange with stock code PNJ, will issue over 82 million bonus shares to raise its charter capital. These shares will be issued at a ratio of 3:1, meaning that for every three shares held, stakeholders are entitled to one
Flood tides threaten HCMC’s low-lying areas
HCMC – The low-lying areas in HCMC are predicted to suffer flooding as flood tides on rivers and canals rise slowly to high levels from November 7 to 10, according to the local authority. Water levels at stations downstream of the Saigon River and Dong Nai River will swell slowly in the next two
Hau Giang to invest VND1.2t in anti-flooding project
HCMC – Nga Bay City in the Mekong Delta province of Hau Giang will receive more than VND1.2 trillion to implement a green urban project that would help control flooding and improve the environment in the area. The project will be executed in the 2023-2026 period, tapping over VND780 billion of
Savings rate hikes ease
HCMC – Commercial banks have been in a race to hike savings rates to attract clients, especially since the State Bank of Vietnam’s two recent interest rate increases. But savings rates have fallen below 10%-11% which were briefly reached. A report from the Analysis Center at SSI Research showed
EuroCham to hold green economy forum in HCMC in late Nov
HCMC – The European Chamber of Commerce in Vietnam (EuroCham Vietnam) will hold the Green Economy Forum & Exhibition (GEFE) 2022 in HCMC from November 28 to 30. The event is expected to advance EU-Vietnam sustainable development cooperation through comprehensive dialogues, investment
WB warns of job losses amid digital transformation
HCMC – The World Bank has said that if Vietnam’s pool of skilled workers falls short of what is required by a rapid digital transformation process, the economy could lose as many as two million jobs by 2045. Under the dual impacts of the digital age and the pandemic, the future of work for Vietnam
BR-VT budget revenue in Jan-Oct beats year’s target
HCMC – Ba Ria-Vung Tau Province’s budget revenue in the year to October surpassed the year’s estimate by 131% and rose 31.7% year-on-year, the provincial government reported. Of the total, domestic sources accounted for over VND38,000 billion, equivalent to nearly 110% of the full-year target, up
Pangasius fish exports grow strongly
HCMC – Pangasius fish exports had amounted to US$2 billion in the year to mid-October, an increase of 81% over the same period last year. According to the Vietnam Association of Seafood Exporters and Producers, this is the strongest growth rate among Vietnam’s aqua-product exports this year.
Additional 3,000 train tickets go on sale for Tet holiday
HCMC – The railway industry will offer 3,000 more train tickets to meet the strong travel demand during the 2023 Lunar New Year holiday (Tet). The 3,000 tickets will be for the routes from Saigon, Di An and Bien Hoa train stations to those in central provinces such as Tuy Hoa, Dieu Tri, Quang Ngai
HCMC needs VND210 trillion to build six more metro lines
HCMC – The HCMC Transport Department has sent a report to the municipal government on completing the urban railway system following the Transit Oriented Development (TOD) model. As part of the department’s plan, the urban railway system in HCMC will comprise eight axis routes connecting the city’s