Int’l tourist arrivals in Vietnam surge in Jan-Oct
HCMC – Over 2.35 million international tourists traveled to Vietnam between January and October, a year-on-year surge of 18.8-fold, according to statistics from the General Statistics Office of Vietnam. In October alone, the country welcomed 484,000 international visitors, up 12.1% month-on-month
PMI growth at 13-month low
HCMC – Although business conditions in the Vietnamese manufacturing sector continued to improve at the beginning of the fourth quarter, the Vietnam Manufacturing Purchasing Managers’ Index (PMI) grew the slightest in 13 months. The S&P Global Vietnam manufacturing PMI registered 50.6 in
Vietnam International Agriculture Fair opens in Can Tho
HCMC – The Vietnam International Agricultural Fair 2022 kicked off at the Can Tho Promotion Agency (CPA) this morning, November 2, with 250 booths from over 100 domestic and international enterprises and a series of important events lasting until November 6. The fair aims to support enterprises in
Ecommerce platforms not required to pay taxes on behalf of sellers
HCMC – Ecommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on their behalf. This is one of the new regulations stipulated in the Government’s newly issued Decree 91, which amends and supplements Decree 126, and
NA deputies say relevant ministries must bear responsibility for fuel dearth
HCMC – The ongoing short supply of gasoline on the local market is an unusual phenomenon, requiring higher responsibility from the relevant ministries and agencies, National Assembly (NA) deputies told local reporters today, November 2. NA deputy Tran Van Lam, a NA Finance and Budget Committee
Vietnam reports Jan-Oct trade surplus of US$9.4 billion
HCMC – Vietnam exported goods worth US$312 billion and spent US$303.42 billion on imports between January and October, resulting in a trade surplus of US$9.4 billion, according to the Ministry of Industry and Trade. Statistics showed that exports and imports in the January-October period rose by
HCMC’s economy faces headwinds
HCMC – Global economic uncertainties and irregularities involving several local businesses are headwinds for the economy of HCMC, the country’s economic center, said officials and experts. These headwinds might affect the city’s economic recovery plan this year, they said at a meeting on the
Banks report handsome profits in Q3
HCMC – Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly VND4.5 trillion between July and September, surging by 71% year-on-year. VPBank put its pretax profit at over VND4.5 trillion in
HCMC launches new information system to handle admin procedures
HCMC – HCMC aims to improve administrative reform and public service quality to satisfy the needs of residents and enterprises through the city’s new information system for handling administrative procedures. The city’s new information system at dichvucong.hochiminhcity.gov.vn offers 452 online
Phu Quoc welcomes 158 air passengers from Uzbekistan
HCMC – An Uzbekistan Airways charter flight transporting 158 passengers from Uzbekistan yesterday landed at the Phu Quoc International Airport in Phu Quoc Island City off the Mekong Delta province of Kien Giang. According to Nguyen Minh Dong, director of the airport, representatives of the local
Local airlines to operate 33,700 flights during Tet holiday
HCMC – Vietnamese carriers are planning to offer almost 33,700 flights before, during and after the upcoming Lunar New Year holiday, or Tet, to satisfy the strong travel demand. According to the Civil Aviation Authority of Vietnam, the local airlines have already arranged 25,613 flights and will
HCMC’s Jan-Oct budget revenue beats estimate
HCMC – HCMC’s budget revenue totaled nearly VND393 trillion between January and October, exceeding the year’s estimate by 1.6% and rising 22.33% year-on-year, according to the HCMC Department of Finance. Of the total, domestic sources accounted for VND254 trillion, meeting 97.88% of the full-year
EU’s yellow card continues affecting Vietnam’s seafood exports
CAN THO – Seafood exports to the EU had reached US$1 billion in the year to September, but fish catch contributed only a minor part of the amount as a result of the European Commission’s (EC) yellow card. Data from the General Department of Vietnam Customs showed Vietnam earned some US$3.4 billion
Vietnam’s unemployment rate reported at 2.3%
HCMC – Some 68.7% of 51.9 million people of working age are employed, not counting those in the informal sector, while the unemployment rate stays low at 2.3%, according to the Ministry of Labor, War Invalids and Social Affairs. Dao Ngoc Dung, Minister of Labor, War Invalids, and Social Affairs,
Nearly 2,000 vehicle deals done at Vietnam Motor Show 2022
HCMC – Vietnam Motor Show 2022 held at the Saigon Exhibition and Convention Center (SECC) saw record-high vehicle sales and orders during the five days of the event, from October 26 to 30. About 2,000 automobiles were sold and thousands of orders for upcoming auto models were placed, according to
Storms and floods leave heavy socioeconomic impact on Danang
DANANG – Storms and floods in October adversely affected Danang’s socioeconomic conditions, the Danang Statistical Office reported. October witnessed unprecedented torrential rains, flooding many streets and residential areas in the city, damaging properties and causing price spikes in some
