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
FDI in Vietnam totals US$27.7 billion in 2022
HCMC – International investors had pledged around US$27.7 billion in new capital in Vietnam in the year to December 12, or 89% of the total reported in 2021, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Of the total, newly-registered capital saw a
Top 10 economic events of 2022
HCMC – Here’s a look back at 10 key economic events in Vietnam in 2022 selected by Kinh Te Saigon Online, a publication of the Saigon Times Group. Real estate market with bad records in 2022 The real estate market was known for its bad records in 2022, including inventory at a record high,
VinaCapital becomes Vietravel’s major shareholder
HCMC – Vietnam Travel and Marketing Transport JSC (Vietravel), whose VTR shares are traded on the Unlisted Public Company Market (UPCOM), announced today that VinaCapital Fund Management JSC has become its major shareholder. Vietravel Holdings, the largest shareholder of Vietravel that is holding
Tuyen Quang to build VND6.8-trillion expy to Ha Giang
HCMC – The northern upland province of Tuyen Quang has passed a plan to develop the Tuyen Quang-Ha Giang expressway project, with a total investment of VND6.8 trillion. Of the total capital, nearly VND4.5 trillion will be sourced from the central State budget, while the remainder will come from
FDI firms continue to hold lion’s share of Vietnam’s exports
HCMC – Though Vietnam has seen optimistic import-export results this year, its export sector still depends heavily on foreign direct investment (FDI) companies, accounting for nearly three-quarters of the country’s export revenue. The import and export value this year has exceeded US$700 billion
Vietnam’s export businesses benefit from EVFTA
HCMC – Vietnamese exporters have taken advantage of the European Union–Vietnam Free Trade Agreement (EVFTA), especially the trade liberalization policy of phasing out over 90% of tariffs on the exchange of goods within seven years. The import-export turnover between Vietnam and European countries
Red mandarin and spring flower festivals to be organized in Dong Thap
CANTHO – The Mekong Delta province of Dong Thap will organize its first red mandarin festival in Lai Vung District from January 5-8, 2023, and a spring flower festival during its tourism week in Sa Dec City from January 6-13, 2023. This information was provided during press briefings on December
Tuna fish export revenue hits US$1b for first time
HCMC – Tuna fish export revenue had reached US$1 billion in the year to December 21, expectedly further rising to US$1.03 billion by the year’s end, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Among the tuna export items in the first 11 months this year, frozen