Vietnam imports 6,300 autos in first half of January
HCMC – Vietnam’s automobile imports totaled 6,306 units between January 1 and 15, with a total value of US$161 million, according to the General Department of Vietnam Customs. Vehicles with nine or fewer seats accounted for 91.6% of the total in value and 85.1% in volume. The rest included bigger
SBV seen buying up to US$12 billion in 2023
HCMC – KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year to shore up the country’s foreign reserves. The SBV, the nation’s central bank, bought around US$2 billion on January 11 and 13 when the dollar-dong
Hau Giang approves VND550b aquatic feed production project
HCMC – The Hau Giang management board of industrial parks presented an investment certificate to the Sunjin aquatic feed production plant project worth over VND550 billion, or US$23.6 million, on January 27. The facility will use advanced technology in production and have a capacity of 126,000
PM urges banks to help struggling realty market out
HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing the real estate sector. Banks should eliminate the hindrances of home sellers and buyers to boost property development, the prime minister said at a meeting with
HCMC records 1.8 million bus commuters during Tet
HCMC – The subsidized bus routes in HCMC received nearly 1.8 million passengers from January 12 to 25 (the 21st of the 12th lunar month to the 4th day of the lunar new year), up 98% over the same period last year. The HCMC Management Center Of Public Transport added more commuter bus trips on […]
Four gas stations in HCMC await dissolution
HCMC – Four gas stations in HCMC have halted their operations pending dissolution, according to the HCMC Market Surveillance Department. Among them are a gas station on Phan Van Tri Street in Go Vap District, a Hoang Phong gas station in District 7, a filling station in Binh Thanh District and a
Vietnam among world’s top 10 remittance receivers
HCMC – Vietnam is now among the top 10 countries for receiving the most remittances in the world as money transfers from overseas rose nearly 5% last year and are expected to increase by 3.6-4.5% this year, according to the World Bank. A report from the World Bank and KNOMAD showed that
Int’l tourist arrivals in Vietnam surge during Tet
HCMC – Vietnam saw a surge in international tourist arrivals during the Lunar New Year (Tet) holiday from January 21 to 26, with hotel bookings by foreign guests accounting for 30-40% of the total. Hanoi got an estimated 32,000 international guests during the period, with most of them from South
Dien Bien Airport to be temporarily closed for upgrade
HCMC – Dien Bien Airport in the mountainous province of Dien Bien will cease operations over a period of six to seven months beginning end-March for an upgrade, according to the Airports Corporation of Vietnam (ACV). The airport’s fencing system is expected to be completed by June, while the
Work starts on road project in Thanh Hoa
HCMC – The northern province of Thanh Hoa this morning, January 27, broke ground on a 14.6-kilometer road connecting two national highways, 1 and 45. The VND1.4-trillion road project will connect Hoang Kim Commune in Hoang Hoa District and Thieu Long Commune in Thieu Hoa District. The road will
PVFCCo eyes pre-tax profit of VND2.7 trillion this year
HCMC – PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), whose DPM shares are traded on the Hochiminh Stock Exchange, looks to obtain VND17.4 trillion in consolidated revenue and nearly VND2.7 trillion in pre-tax profit this year. This modest plan was mapped out in the context business
Vietnam set to have 1,600 more farming co-operatives this year
HCMC – Vietnam will have an additional 1,600 agricultural co-operatives this year, raising the total in the country to 22,500, according to a Ministry of Agriculture and Rural Development plan. The agricultural sector looks to form co-operatives in association with businesses in charge of
Work starts on Nha Trang-Saigon railway upgrade project
HCMC – Prime Minister Pham Minh Chinh yesterday, January 26, attended a ceremony for the start of upgrade work on a rail line between the Saigon Railway Station in HCMC and the Nha Trang Station in the coastal province of Khanh Hoa. The project will repair the Song Than and Di An stations,
Auto testing centers nationwide resume operations today
HCMC – Vehicle inspection and registration centers reopened nationwide this morning, January 27, to meet the high demand of auto owners after the Lunar New Year holiday, or Tet, according to Vietnam Register. As the demand for auto testing remains high, Vietnam Register decided to reopen auto
Book Street Festival in HCMC reports Tet sales of over VND6 billion
HCMC – The Book Street Festival 2023 lured over 585,000 visitors and buyers, with total book sales reaching over VND6 billion. Under the theme “HCMC – Spring of Happiness, Spring of Prosperity”, the event was held from January 19 to 26 (the 28th of the 12th lunar month to the 6th of the lunar new
Hanoi books over VND1 trillion in tourism revenue at Tet
HCMC – The capital city of Hanoi earned more than VND1 trillion from tourism services during the Lunar New Year holiday (Tet) from January 21 to 26, according to the municipal Department of Tourism. The city attracted 332,000 tourists during the national holiday, including 32,000 coming from