Khanh Hoa targets four million tourist arrivals this year
HCMC – The south-central province of Khanh Hoa looks to serve over four million tourists and earn VND21 trillion in tourism revenue in 2023, according to the province’s tourism action plan approved yesterday, January 30. Under this plan, the coastal province is expected to welcome 2.5 million
Land fee reduction to continue through 2023
HCMC – The Government has decided to extend the 30% land use fee reduction for businesses, households and individuals affected by Covid-19 throughout this year. The Government issued Resolution 07 yesterday, January 30, which enables Covid-19 impacted businesses, households and individuals who
More property firms exit market in 2022
HCMC – The number of real estate enterprises that pulled out of the market in 2022 soared by some 40% year-on-year, according to data from the Agency for Business Registration. Negative cash flows and higher prices of building materials sent many property firms into a tailspin, said the Ministry
Local fuel prices surge
HCMC – Domestic fuel retail prices were adjusted up by nearly VND1,000 per liter at 7 p.m. yesterday, January 30, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON 95-III gasoline, the most popular type of gasoline in Vietnam, is priced at VND23,140
Prenn Pass leading to Dalat to be closed for expansion
HCMC – Vehicles will be banned from using the seven-kilometer-long Prenn Pass to travel to Dalat City as work on the pass upgrade and widening project begins on February 6. The Lam Dong Department of Transport today, January 30, announced the closure of an 8-km section of National Highway 20
Vietnam has trade surplus of over US$3.6 billion in January
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office. Exports amounted to over US$25 billion in the month, down 13.6% month-on-month and 21.3% year-on-year. Imports were put at US$21.5 billion, down a steep 21.3% against December 2022 and
PM wants My Thuan 2 Bridge completed ahead of schedule
HCMC – Prime Minister Pham Minh Chinh has asked the investor and contractor of the My Thuan 2 Bridge project to complete the bridge over the Tien River in Tien Giang Province in September this year, three months earlier than the previous plan. The Government leader today, January 30, issued an
FECON picked as investor of VND3.2-trillion projects in northern Vietnam
HCMC – FECON Corporation, whose FCN shares are traded on the Hochiminh Stock Exchange, has announced that it has been chosen as the investor of two property projects in the northern provinces of Bac Giang and Thai Nguyen, with a total investment of over VND3.2 trillion. The People’s Committee of
HCMC takes lead in FDI attraction in 2022
HCMC – Fresh foreign direct investment (FDI) approvals in HCMC last year amounted to US$3.94 billion, up 5.4% year-on-year, said HCMC Chairman Phan Van Mai. Therefore, the city emerged as the largest recipient of FDI among 63 cities and provinces nationwide. Mai told Phap Luat Online newspaper
Industry Ministry says to safeguard local firms amid import spike
HCMC – The Ministry of Industry and Trade would step up efforts to protect the interests of local producers and exporters amid an import surge, the Vietnam News Agency reported. To mitigate the adverse effects of the sharp import growth and support domestic manufacturers, the ministry would work
Tan Cang-Cat Lai handles 70 container ships in first week of lunar new year
HCMC – The first week of the Lunar New Year saw around 70 container ships visiting the Tan Cang-Cat Lai port in HCMC, carrying a total of 107,000 TEUs, or 1.54 million tons of cargo, rising by 2.5% compared to the same period last year. Yesterday, the port received nine container ships with 15,424
Nearly 43,900 businesses pull out of market in January
HCMC – Some 43,900 businesses have withdrawn from the local market in the year to date, up 14.4% year-on-year, according to the Agency for Business Registration under the Ministry of Planning and Investment. Of these firms, nearly 35,000 have temporarily suspended their operations, up 19.6% versus
New FDI approvals down in Jan
HCMC – New foreign direct investment (FDI) approvals had totaled US$1.69 billion in the year till January 20, down 19.8% over the same period last year, according to the General Statistics Office. There were 153 new projects with total registered capital of US$1.2 billion approved, increasing
Transport Ministry backs Binh Phuoc’s airport plan
HCMC – The Ministry of Transport has thrown its weight behind Binh Phuoc Province’s proposal to convert its military airfield in Hon Quan District into a specialized airport. The ministry said on January 27 that the airport would serve both military and civil purposes, contributing to the southern
Vietnam’s CPI up in January
HCMC – Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported. The surge was attributed to
Int’l tourist arrivals in Vietnam skyrocket in Jan
HCMC – Over 871,000 international tourists have come to Vietnam in the year to date, surging by 44.2-fold year-on-year, according to data of the General Statistics Office. This month’s international tourist arrivals are up by 23.2% against the previous month, the local media reported. However, the