Vietnam’s air traffic on the rise
HCMC – Vietnam served up to 55 million air passengers at local airports in 2022, a 3.7-fold increase over 2021, the year which witnessed widespread Covid-19 travel restrictions, according to the Civil Aviation Authority of Vietnam. While domestic tourists totaled 43.2 million, foreign arrivals
Party chief attends Govt’s teleconference with provinces
HCMC – Party General Secretary Nguyen Phu Trong is attending the Government’s teleconference with centrally-governed provinces and cities today, January 3, to review the nation’s socio-economic performance in 2022 and discuss development plans for this year. Unpredictable global developments and
Govt wants deposit insurance firm to expand capacity
HCMC – Deputy Prime Minister Le Minh Khai has approved a plan to develop the capacity of the Deposit Insurance of Vietnam by allowing it to raise chartered capital to VND10 trillion by 2025 and VND15 trillion by 2030. According to the plan, the Government aims to expand the insurance coverage for
PM urges improvement and expansion of Dung Quat Oil Refinery
HCMC – Prime Minister Pham Minh Chinh praised the positive performance of the Dung Quat Refinery in the coastal province of Quang Ngai and urged the Vietnam Oil and Gas Group (PetroVietnam) to promptly undertake a facility upgrading project. He made the statement at a working session on January 1
Employment slumps in the last quarter of 2022
HCMC – Vietnam’s job market has seen a sharp decrease in demand in the last quarter of 2022, with workers finding it challenging to seek new jobs, according to a report released by Navigos Research, a recruitment firm. The report pointed out that employment demand in the period dropped 25% on
Fuel prices rise again after four cuts
HCMC – After dropping four times in a row, fuel prices saw an uptick yesterday, January 1. RON 95-III now sells for VND21,800 per liter, up VND1,100 against the earlier session, and E5 RON 92 is priced at VND21,020, increasing nearly VND1,050. Diesel oil rose by VND550 to VND22,150 per liter,
New Year’s Day marked by groundbreaking of 12 major expressway components
HCMC – Vietnam celebrated New Year’s Day by simultaneously launching work on 12 components of the second phase of the big-ticket North-South expressway project. The groundbreaking ceremonies for these components were held in different locations in the country, with Prime Minister Pham Minh Chinh
Vietnam’s CPI inches up 3.15% in 2022
HCMC – Vietnam’s consumer price index (CPI) in 2022 rose 3.15% year-on-year, lower than the National Assembly target of 4%, according to the General Statistics Office (GSO). Fuel prices left a significant impact on the CPI. In specifics, 34 fuel price adjustments in the year resulted in domestic
Over 200,000 firms join local market in 2022
HCMC – Vietnam saw 208,000 businesses being established and resuming operations in 2022, up 30% year-on-year, according to a report from the General Statistics Office (GSO). On average, there were 17,400 new market entrants a month this year. However, the report revealed that 143,000 enterprises
Industry sees 7.7% growth in added value
HCMC – This year has seen industry recording 7.7% growth in added value against the previous year, General Statistics Office data showed. Processing and manufacturing have posted an 8.1% rise in added value, and contributed 2.09 percentage points to the country’s economic growth. The index of
Dong Nai reports 13% export growth
HCMC – Dong Nai Province’s 2022 exports have grown 13% against last year at US$24.6 billion, according to a report of the province. According to data of Dong Nai, the products that have posted strong export growth this year include coffee at 34.34%, garments and textiles at 13.75%, footwear at
Illegal gambling via e-wallet detected
HCMC – The police, in coordination with MoMo E-Wallet, have busted a major online gambling ring with new tricks based on transaction codes of the e-wallet, according to the Ministry of Information and Communications. The ring set up, operated and administered a gambling website using thousands of
VAT, fuel tax cuts proposed for extension
HCMC – Business associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and the environmental protection tax cut for fuel till the end of 2023. From January 1, 2023, many supporting policies for households and businesses will
Vietnam’s seaports handle 733 million tons of cargo in 2022
HCMC – Cargo throughput of Vietnam’s seaports in 2022 has amounted to 733.18 million tons, a 4% increase against 2021, said Hoang Hong Giang, deputy head of the Vietnam Maritime Administration. Exports have reached 179.07 million tons, down 3%, and imports have totaled 209.26 million tons, a 2%
Credit in HCMC grows 14%
HCMC – Lending to businesses, especially those active in priority fields, has risen since the central bank increased the credit growth limit for 2022. These businesses operate in agriculture, export, and supporting industries, and are mostly of small and medium size. Credit in HCMC expanded 1.4%
Over 3.3 million motorbikes made in Vietnam in 2022
HCMC – More than 3.3 million motorbikes have been made in Vietnam in 2022, according to the General Statistics Office. Data from the office showed that the volume of locally assembled motorbikes has expanded 9.9% over 2021. Over one million motorbikes were assembled in Vietnam in the fourth