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
Kinh Bac raises stake in Hung-Yen-based firm
HCMC – Kinh Bac City Development Holding Corporation, whose KBC shares are traded on the Hochiminh Stock Exchange, is expected to raise its ownership at Hung Yen Investment and Development Corporation from 60% to 80%. Kinh Bac has passed a plan on stake acquisition. Under the plan, Saigon
Vietnamese realty firm chairman receives life sentence for fraud
HCMC – Nguyen Thai Luyen, 36, chairman and CEO of HCMC-based propterty firm Alibaba, was sentenced to life in jail for swindling 4,560 investors with 58 non-existent real estate projects. Luyen’s wife, Vo Thi Thanh Mai, received 20 years in jail for the same charge, as well as 12 years for money
China relaxes Covid rules on imported goods
HCMC – The Chinese customs has announced that the country will no longer conduct Covid-19 measures, including nucleic acid testing, at ports of entry for imported goods. The revocation starts from January 8, 2023, and applies to cold-chain food and non-cold-chain items. Meanwhile, Covid-19 testing
Container ship routes resumed in Can Tho port cluster
HCMC – The Tan Cang Foundation, a vessel of Saigon Newport Corporation, arrived at Tan Cang Cai Cui Port in Can Tho City on December 29, marking the comeback of the container ship route to the Mekong Delta city after a six-year hiatus. The vessel was the first to dock at the Can Tho port cluster
Binh Duong starts work on VND1.5-trillion road upgrade project
HCMC – The Binh Duong government today, December 30, broke ground on a project to expand and upgrade Provincial Road 746 from the Tan Thanh T-junction in Bac Tan Uyen District to the Hoi Nghia T-junction in Tan Uyen Town, at a total cost of some VND1.5 trillion. The 11.4-kilometer-long road will
HCMC joins hands with Central Highlands for sustainable economic growth
HCMC – HCMC and five provinces of the Central Highlands region have cut a deal to boost sustainable socio-economic development until 2025. The deal is aimed at unlocking the potential of these localities to create value, contributing to the region’s socio-economic development and forming a link
Some 444,000 autos made in Vietnam in 2022
HCMC – Auto firms in Vietnam manufactured and assembled 39,700 units in December, taking the total this year to about 440,000, according to the General Statistics Office. The total number of vehicles produced in Vietnam, including those imported for assembly, has risen by 14.9% this year compared
HCMC’s GRDP grows over 9% in 2022
HCMC – HCMC’s gross regional domestic product (GRDP) has expanded 9.03% in 2022, according to the municipal Statistical Office. All three main components of the city’s economy have reported a rise. Specifically, the agro-forestry-fishery sector improved by 3.74%, the industry-construction sector
