Sacombank deputy general director resigns
HCMC – The Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) has relieved Le Van Ron from his posts of deputy general director and risk management director at the bank following his request, with effect from today, February 1. Ron has 32 years’ experience in finance and banking. He
State budget revenue reaches over VND165 trillion in January
HCMC – State budget revenue in January 2023 totaled VND165.7 trillion, meeting 12.1% of the year’s estimate and reaching 4.4% higher than the same period last year, according to the General Department of Taxation under the Ministry of Finance. Of the total, budget revenue from crude oil amounted
Two carriers conduct nearly 400 ferry flights from Tan Son Nhat airport
HCMC – Vietnam Airlines and Vietjet Air operated a total of 399 ferry flights from the Tan Son Nhat airport to take passengers from northern and central provinces to HCMC from January 26 to 30 as the Lunar New Year holiday (Tet) ended. Migrant workers in HCMC and some neighboring provinces
Local cooking gas prices soar in Feb
HCMC – The domestic retail cooking gas price surged by over VND60,000 per 12-kilogram cylinder starting today, February 1, following the soaring global prices of the product. In Hanoi City, a 12-kilogram cylinder of the Petrolimex cooking gas is priced at VND480,500, up VND62,000 against the
Int’l cruise ships return to Vietnam post pandemic
HCMC – Many cruise ships have begun carrying foreign passengers to Vietnam, particularly during the Lunar New Year holiday, or Tet, signaling the recovery of international tourism after more than two years of declining due to the Covid-19 pandemic. The number of ships arriving in Vietnam in the
HCMC proposes six BOT road projects worth VND100 trillion
HCMC – The HCMC Department of Transport has proposed developing six projects to widen and upgrade existing roads under the build-operate-transfer (BOT) format with a total cost of VND100 trillion. Under the Law on Public-Private-Partnership Investment, the BOT format is only used for building new
Nationwide ASF vaccine rollout set to start from this month
HCMC – The Ministry of Agriculture and Rural Development said that an African swine fever (ASF) vaccination campaign would be launched across Vietnam in February this year. The ministry made the announcement at a meeting held yesterday, January 31, which featured discussions to supervise the
Real estate sector’s debt hits VND1,200 trillion
HCMC – Outstanding loans in the real estate sector have topped VND1,200 trillion, according to the Ministry of Construction. As of December 31, 2022, the sector had owed nearly VND800 trillion to banks, while real estate bonds amounted to VND419 trillion. In 2022 alone, property firms took out
Demand for housing in Hanoi forecast to rise in 2023
Despite the high demand for housing, the transaction volume stays low due to the high prices compared to people’s average income.
Vicostone achieves the revenue of VND5,660 billion in 2022
In 2023, the company remains in its most determination state, proactively adapts to both difficulties and opportunities in this unpredictable context, and striving to complete the set goals.
Quang Ninh targets US$1 billion of FDI in 2023
HCMC – The northern province of Quang Ninh looks to attract at least US$1 billion in foreign direct investment (FDI) into industrial parks and economic zones this year. To realize the FDI attraction target, the province will focus on measures to woo investors from particular regions and markets;
Vietnam is 10th worldwide in remittance
Vietnam receives total US$19 billion worth of remittances in 2022, up 5.5% on-year.
UK imports from Vietnam in 2022 put at over US$6 billion
HCMC – United Kingdom (UK) imports from Vietnam amounted to US$6.06 billion last year, rising by 5.2% over 2021, according to the General Department of Vietnam Customs. Phones and phone parts were Vietnam’s biggest export earner to the UK, at US$1.13 billion, accounting for 18.7% of the total.
Ministry of Industry and Trade aims to stabilise petrol market
In 2022, Vietnam imported 8.87 million tonnes of petroleum, worth $8.97 billion, a sharp increase of 27.7 per cent year-on-year in volume and an increase of 118.5 per cent in value.
FDI inflows to Vietnam reach almost $1.7 billion in January
According to the General Statistics Office (GSO), Vietnam lured $1.69 billion in foreign direct investment (FDI) as of January 20 this year, a year-on-year decrease of 19.8 per cent.
Facebook, Google, Apple… declare and pay taxes 1,800 billion VND
On the first working day after 2023 Lunar New Year, foreign suppliers such as Facebook, Google, Apple... has declared and paid tax at 1,800 billion VND.
