HCMC targets VND160,000-billion revenue from tourism in 2023
HCMC – The HCMC Department of Tourism expects the city to attract 40 million tourists, including five million foreigners, and earn around VND160,000 billion from tourism services this year. Tourism Department director Nguyen Thi Anh Hoa said the city would take a range of measures to boost the
Kien Giang set to woo VND4.3t of investment in six projects
HCMC – The Mekong Delta province of Kien Giang looks to attract investment in six projects worth some VND4.3 trillion this year, according to the provincial Department of Planning and Investment. The province also targets the disbursement of roughly VND24 trillion to carry out projects this year,
Tolls adjusted up on four expressways as VAT back to 10%
HCMC – Tolls on four expressways in the country have increased slightly since January 1, 2023, as the value-added tax (VAT) was adjusted up from 8% to 10%, according to the Vietnam Expressway Corporation (VEC). The four expressways are Noi Bai-Lao Cao, Cau Gie-Ninh Binh, Danang-Quang Ngai and
SeABank has new CEO
HCMC – Southeast Asia Commercial Joint Stock Bank, or SeABank, whose shares are traded on the HCMC Stock Exchange under the code SSB, has named Loic Faussier, a French national, as CEO of the bank. He began his two-year tenure on January 3, the local media reported. Loic has 25 years’ experience
Third HCMC Brand Award ceremony set for Friday
HCMC – The HCMC Department of Industry and Trade, in collaboration with the Saigon Times Group, will hold the HCMC Brand Award 2022 ceremony at the GEM Center in HCMC’s District 1 on Friday, January 6. The event marks the third year of the HCMC Brand Award, an annual program jointly launched by
Sa Dec reports high flower sales revenue in 2022
CAN THO – Dong Thap Province’s Sa Dec City reported total revenue of VND3,350 billion from flower and ornamental plant sales in 2022. Vo Thi Binh, vice chairman of Sa Dec City, said the city now has over 2,300 households growing flowers on a total area of 946.5 hectares, mainly in Tan Quy Dong and
Over 1,300 social homes to be put up for sale in Danang
HCMC – The Danang Department of Construction has announced that it will put up for sale more than 1,300 social homes of two social housing projects not funded by the State budget. The social apartment building in Hoa Khanh Bac Ward in Lien Chieu District will have 13 units on sale, while two
Vietnam cuts deal to export fresh longan to Japan
HCMC – After six long years of negotiations, Vietnam has clinched a deal to begin the formal export of fresh longan to Japan. On January 3, Hoang Phat Fruit Co., Ltd, located in Long An Province, shipped 10 tons of fresh longan to Japan. This was the first time Vietnam had sent fresh longan to […]
Major coconut processing factory opened in Ben Tre
HCMC – The Ben Tre Coconut Investment Joint Stock Company (Beinco) has launched a coconut processing factory with a total investment of VND480 billion in the Mekong Delta province of Ben Tre. The facility took five years to construct with two workshops and eight production lines, covering three
Vietnam-China border crossings in Guangxi as usual through Tet
HCMC – Vietnam-China border gates in Guangxi Province are fully opened through New Year’s Day and Lunar New Year holidays as China has eased its Covid-19 restrictions, according to the Ministry of Industry and Trade. The border office of the Guangxi Zhuang Autonomous Region announced that it would
Dak Nong starts work on VND1.7-trillion wind farm
HCMC – The Asia Dak Song 1 wind farm project got off the ground in Dak Song District in the Central Highlands province of Dak Nong on January 4, with a total investment of nearly VND1.7 trillion, making it the sixth in the province. The wind farm project is set to have a total designed […]
Danang proposes huge non-tariff zone
HCMC – Danang City has written to the Ministry of Planning and Investment proposing setting up a non-tariff zone, reported the local media. The 151-hectare non-tariff zone, which would be located at the end of Ba Na-Suoi Mo Street, will comprise four functional areas, commerce, logistics, medical
New FDI approvals in Binh Duong put at over US$3 billion
HCMC – The southern province of Binh Duong attracted US$3.13 billion in new foreign direct investments (FDI) in 2022, particularly in the processing and manufacturing industry, according to the provincial Planning and Investment Department. Binh Duong approved some 70 new projects worth a total of
Looking back on a special year
For Sun Life Vietnam, 2022 has been a significant year as it has achieved new benchmarks in profit, growth, and community engagement. In an interview with The Saigon Times, Mr. Luc Nhon Ly, Sun Life Vietnam’s CEO, shared the company’s business performance and expectations for the coming year.
Vietnam has huge trade deficit with South Korea
HCMC – Vietnam had a trade deficit of US$34.26 billion with South Korea last year, the highest trade deficit with a foreign trade partner in the year, according to the Vietnam News Agency. In 2022, Vietnam exported around US$26.72 billion worth of goods to South Korea and spent nearly US$61
HCMC to strictly cope with low-quality roadworks
HCMC – The HCMC Department of Transport said that it would get tough on sloppy roadworks in the city this year. Asphalt patches on multiple streets in HCMC make the road surfaces uneven after roadworks, damaging the urban beauty and putting road users in danger. To prevent the situation from
