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
Angimex to shelve share sale plans
HCMC – An Giang Import-Export Company (Angimex), whose AGM shares are traded on the Hochiminh Stock Exchange (HOSE), will get feedback from its shareholders on the suspension of share sale plans at its second extraordinary general meeting. These share issue plans were passed at the company’s
Local fuel prices rise further
HCMC – Domestic fuel retail prices were revised up VND120-410 per liter or kilogram today, November 1, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. This is the third upward fuel price adjustment since mid-October. RON 95-III gasoline now sells for
Tang Long Bridge in Thu Duc City faces cost overruns
HCMC – Tang Long Bridge in Thu Duc City can only be completed in 2024, instead of 2019 as earlier planned, due to site clearance bottlenecks. The HCMC Department of Transport confirmed the rescheduling in a document sent to the Thu Duc City People’s Committee and the Transportation Works
Vietnam-China trade put at US$148 billion in Jan-Oct
HCMC – Bilateral trade between Vietnam and China amounted to US$148 billion between January and October, according to the Vietnam General Statistics Office. Vietnam spent US$100.7 billion on imports from China and exported products worth US$47 billion to this neighboring country in the first 10
Ba Ria-Vung Tau to have 8,300 more social homes in 2025
HCMC – Ba Ria-Vung Tau Province will build an additional 8,300 social homes by 2025 due to the soaring demand, heard a meeting recently chaired by the provincial government. The province has a mere nine social housing projects with a total of 1,550 units, mainly for public officials and civil
Cai Mep port wharf proposed for extension for bigger ships
HCMC – Cai Mep General Port Company Limited has asked the Ministry of Transport for approval to lengthen a wharf of the port to accommodate vessels of up to 150,000 DWT, the transport news site baogiaothong.vn reported. With the current wharf, the Cai Mep Port in the southern province of Ba
Central provinces speed up repairs of flood-damaged roads
HCMC – Central provinces from Thua Thien-Hue, Quang Tri, Quang Nam to Danang are racing against time to repair roads damaged by recent floods and landslides. In Danang City, torrential rains on October 14 caused around 50 landslides on the routes leading to Son Tra Island, which were blocked by a
Danish Crown Prince Frederik’s visit to bolster green projects in Vietnam
HCMC – The Crown Prince of Denmark, Frederik, and his spouse, accompanied by over 30 leading companies in green projects, are visiting Vietnam from October 31 to November 11 at the invitation of Vietnam’s Vice President Vo Thi Anh Xuan. Lina Hansen, deputy minister of Foreign Affairs of Denmark,
VPBankS looks to raise charter capital to VND15 trillion
HCMC – VPB Securities Corporation (VPBankS) plans to issue 608 million shares to its existing shareholders. VPBankS will start the share sale from the final quarter of 2022 to the first quarter of 2023 after the State Securities Commission of Vietnam approves the plan. The brokerage is expected to
Outstanding real estate loans down by VND7,000 billion
HCMC – Financial resources for the real estate sector including bonds, funds raised via the stock market, and especially bank loans contracted substantially in the third quarter of this year. As of August 31, outstanding loans for the real estate sector totaled VND777,235 billion, a fall of
Twenty-four int’l airlines resume flights to Danang
DANANG – Danang is seeing the return of hundreds of international commercial flights operated by 24 international and three domestic airlines between October 30, 2022 and March, 2023. According to the Danang International Terminal Investment and Operation Joint Stock Company (AHT), most flights