Vietnam targets eight million int’l tourists in 2023
HCMC – Vietnam looks to serve 110 million tourists next year, with eight million of them coming from abroad and 102 million from the home market, said the Vietnam National Administration of Tourism (VNAT). The country is expected to earn roughly VND650 trillion in tourism revenue in 2023, the
Vietnam enjoys trade surplus of US$11.2 billion this year
HCMC – A strong export performance sent Vietnam’s trade surplus to US$11.2 billion in 2022, according to the General Statistics Office. The country’s export revenue totaled US$371.85 billion this year, up 10.6% year-on-year. Domestic companies shipped goods worth US$95.09 billion, rising by 6.5%
Vietnam’s GDP growth at 11-year high in 2022
HCMC – Vietnam’s gross domestic product (GDP) expanded by an astounding 8.02% in 2022, the highest growth rate since 2011, according to the General Statistics Office. In the fourth quarter of 2022, the country’s GDP edged up by 5.92% year-on-year, slightly above the figures in 2020 and 2021. All
HCMC hands over 34 hectares of land to Beltway No. 3 project
HCMC – The government of Thu Duc City in HCMC today, December 29, handed over 34 hectares of cleared land to the My Thuan Project Management Board to develop the Tan Van-Nhon Trach section, called component 1A, part of the Beltway No. 3 project. The Tan Van-Nhon Trach section requires nearly VND7
GAB shares under watch due to poor liquidity
HCMC – The Hochiminh Stock Exchange (HOSE) has decided to move the stock of FLC Mining Investment & Asset Management JSC (GAB) from the warning list to the list of stocks under watch, with effect from January 5, 2023. According to HOSE, GAB has seen no transactions since the end of March this
VNA adds over 90,000 seats for upcoming Tet holiday
HCMC – Vietnam Airlines (VNA) has announced its third increase in flight frequency, offering an additional 500 flights, equivalent to over 90,000 seats, to satisfy the soaring travel demand during the upcoming Lunar New Year holiday, or Tet. The national flag carrier will operate these flights on
Remittances to Vietnam forecast to rise 4.4% y-o-y
HCMC – Though the World Bank has yet to release official figures, it has forecast that incoming remittances to Vietnam in 2022 will rise 4.4% year-on-year. In 2021, remittances expanded to US$18.1 billion from US$17.2 in 2020. Meanwhile, data from the HCMC branch of the State Bank of Vietnam shows
HCMC to open 14 bus links with Tan Son Nhat airport
HCMC – HCMC will open 14 bus routes at the Tan Son Nhat International Airport to transport passengers to residential areas, tourist sites and coach stations in the city. The local media reported that these bus links will start on a pilot basis on February 1 next year. The Hai Van International
BR-VT eyes over VND14t in 2023 tourism revenue
HCMC – The southern province of Ba Ria-Vung Tau looks to welcome around 13.9 million visitors and earn some VND14.189 trillion in tourism revenue next year, according to the provincial Department of Tourism. The provincial tourism authority set this goal partly based on the local tourism sector’s
Auto inspection dept under Vietnam Register under probe
HCMC – The Ministry of Public has expanded the ongoing probe into widespread violations at auto inspection centers by searching the Motor Vehicle Inspection Department under Vietnam Register in Nam Tu Liem District, Hanoi City. The police conducted an emergency search of the office premises of the
Can Tho City sees double-digit GRDP growth for first time
HCMC – Can Tho City’s gross regional domestic product (GRDP) has hit an all-time high of 12.6% this year, placing it second among the Mekong Delta provinces and sixth nationwide. The industrial and construction sector has led the city’s economic performance in 2022, soaring 18.9% over 2021. The
HCMC breaks ground on VND3.4-trillion interchange
HCMC – The VND3.4-trillion An Phu interchange project got off the ground this morning, December 29, to ease traffic congestion in the eastern gateway of HCMC. The three-level interchange comprises a two-way underpass connecting HCMC-Long Thanh-Dau Giay Expressway with Mai Chi Tho Street, a
Illegal fishing needs to be terminated to remove yellow card
HCMC – Vietnam has made progress in combatting illegal, unreported and unregulated (IUU) fishing after five years of being given a yellow card by the European Commission (EU). However, the country still faces outstanding issues that must be resolved quickly. During an online conference on
Hoi An starts work on Cau Pagoda restoration
HCMC – The world-renowned city of Hoi An, Quang Nam Province, has started work on the Cau Pagoda Restoration Project. The project needs an investment of VND20.3 billion, half funded by the northern province of Quang Nam and the Hoi An City People’s Committee. The investment will be allocated to
HCMC vehicle registration centers get clogged
HCMC – Roughly half of the registration facilities in HCMC have stopped working recently, causing long queues of vehicles to rush to complete their periodic safety inspection and registration. As of December 27, nine out of 19 vehicle registration centers in HCMC had temporarily ceased operations,
HCMC’s full-year budget revenue soars
HCMC – HCMC’s budget revenue this year totaled nearly VND472 trillion, up 22% against the target and 23.6% year-on-year, heard a conference on the city’s 2022 budget collection and spending on December 28. The budget revenue from domestic production and business activities reached over VND330
