Vietnam aims for 100 more golf courses by 2025
HCMC – Vietnam aims to double the number of golf courses to 200 by 2025 to boost the country’s golf tourism and attract international golfers. The country now has about 100 golf courses, Nguyen Trung Khanh, head of the Vietnam National Administration of Tourism, told a recent meeting with Paul
Vietnam’s online exports grow strongly
HCMC – Online exports have grown sharply this year, with the number of Vietnamese firms listing their products on Amazon skyrocketing by 80% over the same period last year. Online export is a form of cross-border trade using an e-commerce platform. From 2020 to 2027, international e-commerce trade
Relevant agencies, firms asked to join hands to ease fuel shortage
HCMC – The Ministry of Industry and Trade has written to the relevant ministries, agencies, firms and local authorities urging them to join hands to tackle the ongoing fuel shortfall. In its recent dispatch, the ministry said that the number of gas stations suspending operations is on the rise, so
Shipping firms report hefty profits in Jan-Sept
HCMC – Many sea transport service providers booked huge profits between January and September, driven by the robust transport demand. In the first nine months, PetroVietnam Transportation Corporation made over VND1 trillion in pretax profit, beating its full-year target by 72%. In the third
Tan Phu-Bao Loc expy proposed
HCMC – An inter-agency appraisal council has sent a report to the prime minister on investment policy for an expressway connecting Tan Phu District, Dong Nai Province, and Bao Loc City, Lam Dong Province. The council has submitted the pre-feasibility study for the project to the PM, seeking
Mekong Delta provinces seek to expand markets for produce
HCMC – The authorities in the Mekong Delta are seeking initiatives to promote trade and expand markets for local products, especially farm specialties. The Mekong Delta provinces attended a conference in Soc Trang Province on November 3 to boost supply and demand connectivity. On the occasion, Soc
VSUN to build US$200-million solar panel plant in northern Vietnam
HCMC – The northern mountainous province of Phu Tho on November 3 presented Vietnam Sunergy Joint Stock Company (VSUN) an investment certificate for a solar panel manufacturing project. The project, covering 13 hectares in the Cam Khe Industrial Zone, will require US$200 million and employ up to
HSBC: Vietnam’s inflation looms large
HCMC – Inflation has surpassed Vietnam’s target despite the country’s efforts to keep it under control, according to HSBC Global Research. The State Bank of Vietnam, the central bank of the country, continued to hike discount and refinancing rates by 100 basis points to 4.5% and 6% on October 25
Indian tourist arrivals in Vietnam surge
HCMC – Vietnam attracted 20,681 tourists from India in October this year, up 38% month-on-month and 25.8% over the same period in 2019, according to statistics from the General Statistics Office of Vietnam. Since July 2022, Indian tourist arrivals each month have surpassed the monthly average in
Sleeper buses likely to be banned from HCMC’s inner-city areas
HCMC – The HCMC Department of Transport has proposed barring sleeper buses from entering the inner-city areas to help shut down unlicensed coach stations and reduce traffic congestion, said a city transport official. The Transport Department has already asked other departments and relevant
Morocco initiates anti-dumping investigation into tire imports from Vietnam
HCMC – Morocco initiated an anti-dumping investigation into tires and inner tubes for bicycles and motorbikes that originate in or are imported from Vietnam. Tires and inner tubes for bicycles and motorbikes with HS codes are subject to the investigation. Vietnam’s exportation of the above
Hue launches container transport route in Chan May Port
DANANG – The central province of Thua Thien-Hue has launched a container transport service to and from Chan May Port, helping enterprises reduce transportation costs and time. The Chan May Port Joint Stock Company said it and some enterprises in the province will operate a domestic container
Conference on supporting industries held in Danang
HCMC – A conference was held in Danang City on November 4 to promote cooperation between supporting industries in the central coast city and elsewhere in the country. The conference created an opportunity to boost linkages between enterprises in supporting industries and manufacturers and
Fuel suppliers told to tap reserves to quench thirst
HCMC – Minister of Industry and Trade Nguyen Hong Dien has ordered state-run wholesalers to tap their commercial fuel reserves to meet the demand and mitigate the ongoing fuel shortage. To meet the rising fuel demand, the Vietnam National Petroleum Group, Petrolimex, is tasked with supplying
Leaf Festival kicks off in Can Tho City
CAN THO – The Leaf Festival opened at the Can Tho Promotion Agency (CPA) yesterday morning, November 3, as part of the Vietnam International Agricultural Fair 2022. The festival is being organized by the Can Tho Promotion Agency (CPA) in collaboration with the Ao Dai Museum and the Can Tho City
Experts upbeat on Vietnam’s M&A market in 2022
HCMC – Though the global mergers and acquisitions (M&A) market, including Vietnam, is showing signs of treading water, M&A activity in the local market is expected to become buoyant again thanks to macroeconomic fundamentals, economic experts said at a press conference of the Vietnam