Over US$8 billion spent on fuel imports from Jan-Nov
HCMC – Vietnam spent around US$8.12 billion importing 7.89 million tons of fuel between January and November, up 23.9% in volume and 119.6% in value versus the year-ago period, according to the General Department of Vietnam Customs. Among those, the country imported 4.27 million tons of diesel
Work on all 12 North-South expy subprojects to start on Jan 1
HCMC – All 12 subprojects under the 723.7-kilometer North-South expressway project’s second phase will get off the ground concurrently on January 1, 2023. The Ministry of Transport has signed a decision opening the Cam Lo-La Son expressway to traffic and holding a groundbreaking ceremony for the
Japan seeks to expand cooperation with Can Tho
HCMC – Japan aims to boost cooperation with Can Tho City in the Mekong Delta region in the agriculture sector, heard a meeting between Can Tho leaders and a delegation of Japanese representatives on December 23. Speaking at a meeting in Can Tho, Watanabe Michitaro, Mayor of Nasushiobara City in
Hanoi welcomes 18.7 million passengers in 2022
HCMC – There have been 18.7 million visitors to Hanoi in 2022, a 4.7-fold rise from 2021, with one million and a half being international visitors. The tourism revenue exceeded VND60,000 billion, representing a 5.3-fold increase year-on-year, according to the Hanoi Department of Tourism. In 2023,
HOREA proposes interest subsidy incentive for homebuyers
HCMC – Prices of many commercial housing units have plunged 50% to around VND2 billion each. However, they remain unsalable due to buyers’ hesitation in taking out mortgages amid high lending rates. Therefore, the HCMC Real Estate Association (HoREA) has written to the prime minister and the
Stiebel Eltron taps into Vietnamese market
HCMC – Stiebel Eltron, one of the leading German providers of products and solutions for domestic hot water, water filters and renewables, launched its business in Vietnam on December 20. Following the establishment, Stiebel Eltron introduced its six flagship product lines—instantaneous water
PV Gas to shut down BR-VT branch
HCMC – PetroVietnam Gas Joint Stock Corporation, whose shares are traded on the Hochiminh Stock Exchange under the code GAS, has passed a plan to stop the operation of its branch in Ba Ria-Vung Tau Province. The PV Gas Branch in Thang Nhi Ward in Vung Tau City will shut down on January 1, 2023, […]
Vietnamese retailers advised to boost inventory management
HCMC – After conducting its 15th annual global shopper study, Zebra Technologies advised Vietnamese retailers to boost inventory management by investing in the omnichannel model and technology to offer better services to customers. At a press briefing on December 21, Christanto Suryadarma,
Hue starts work on VND2.3-trillion bridge over Huong River
HCMC – The Thua Thien-Hue Province People’s Committee held a groundbreaking ceremony on December 23 for the Nguyen Hoang Bridge project, the eighth and largest bridge over the Huong River, according to the local media. Nguyen Hoang Bridge is part of the overpass project spanning the Huong River
Samsung inaugurates largest Southeast Asia R&D center in Vietnam
HCMC – Samsung Electronics held an official opening ceremony for its largest Southeast Asia research and development center in Hanoi this morning, December 23, reported the local media. This new R&D Center in Hanoi spans around 11,603 square meters of land, requiring an investment of US$220
Central bank restricts interest rate hikes
HCMC – The central bank’s governor has urged commercial banks to step up efforts to slash interest rates to ensure adequate credit for businesses, saying it would monitor and may impose sanctions on banks hiking rates. Yesterday, November 22, the State Bank of Vietnam (SBV), the country’s central
Vietjet resumes direct flights from Dalat, Can Tho to South Korea
HCMC – Vietjet Air, Vietnam’s low-cost carrier, has resumed two direct flight routes from the cities of Dalat and Can Tho to Seoul, the capital of South Korea, since December 22, just in time for the Christmas holiday. With the resumption of these two routes, Vietjet is currently operating 12
Legislation for trading carbon credits needed
HCMC – Vietnam has introduced a roadmap for the development of the domestic carbon market by 2027, preparing for a Net Zero future as part of the country’s commitments to climate change at the UN Climate Change Conference in Glasgow (COP26). From now until 2027, the Ministry of Environment and
Vietnam remains world’s biggest pepper exporter
HCMC – Despite pepper export volume tumbling due to China’s zero-Covid policy, global inflation and economic uncertainties in many countries, Vietnam has remained the world’s biggest pepper exporter this year. Data from the Vietnam Pepper Association (VPA) showed that the country had shipped over
Vietnam, Germany step up logistics cooperation
HCMC – Vietnamese and German officials and businesses signed a memorandum of understanding (MOU) on logistics cooperation yesterday, December 21, focusing on air freight transportation. The parties included the authorities of Leipzig City, Invest Region Leipzig, VietjetAir Cargo Joint Stock
HCMC sees IIP rebounding strongly in 2022
HCMC – The index of industrial production (IIP) of HCMC in 2022 is estimated to expand 17.3% over 2021, indicating the city’s economic recovery is on track. The IPP of four key industries has grown nearly 20%, 2.6 percentage points higher than the overall growth of the industrial production
