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
Central bank pumps more money into system
HCMC – The State Bank of Vietnam (SBV) yesterday, November 3, injected some VND5,000 billion into the banking system via open market operations for a 14-day term without any withdrawals. This marked the second consecutive injection into the system, following VND15,522 billion on November 2. On the
Vietnam’s digital economy grows fast
HCMC – Vietnam has one of the fastest growing digital economies in Southeast Asia, with the gross merchandise volume (GMV) expected to rise by 28% this year. The national digital economy’s GMV is forecast to climb from US$18 billion in 2021 to US$23 billion in 2022 due to a surge in e-commerce,
Vietnam plans to upgrade status of stock market
HCMC – Vietnam looks to upgrade the status of its stock market from frontier to emerging before 2025, the Ministry of Finance said. The ministry is seeking the prime minister’s approval for a draft strategy for stock market development until 2030. According to the draft, the stock market
NovaGroup, Sokimex join hands to develop urban area
HCMC – NovaGroup and Sokimex Investment Group have signed a deal to develop a 115-hectare urban area in the Mekong Delta province of Dong Thap. The two sides expect to complete legal procedures for the Blue Dragon project in the first quarter of next year and start work on the project in the next
Vietnam expects 2022 coffee export at US$4 billion
HCMC – Vietnam’s coffee exports may rise to a record high of US$4 billion this year amid a global undersupply and the upcoming harvest season. Coffee exports in the year to September had soared 37.6% over the same period last year, at US$3.1 billion, the Ministry of Agriculture and Rural
Vietnam Int’l Retailtech and Franchise Show 2022 opens in HCMC
HCMC – Vietnam International Retailtech and Franchise Show 2022 (VIETRF 2022) opened at the Saigon Exhibition and Convention Center in District 7, HCMC, on November 3. VIETRF is the largest and only exhibition in Vietnam on franchise and retail, organized annually by Coex Vietnam, Retail &
Danang Int’l Fireworks Festival 2023 set for next June
HCMC – The Danang International Fireworks Festival 2023 (DIFF 2023) is set to take place from June 3 to July 8 next year by the Han River in the central city of Danang, after a two-year pause due to the Covid pandemic. The People’s Committee of Danang said yesterday, November 2, that it had mapped
