Experts warn of real estate risk in 2023
HCMC – Experts of the Central Institute for Economic Management (CIEM) have forecast that the gloomy global economic picture will continue to affect the Vietnamese economy next year, especially the real estate market. Inflation, high interest rates, volatile foreign exchange rates, restrictions on
Gov’t issues resolution on logistics development
THUA THIEN-HUE – Deputy Prime Minister Le Minh Khai has signed a resolution on key measures to enhance logistics services in Vietnam. According to the resolution, the industry has posted positive results amid difficulties, elevating the role of logistics in the economy. Data showed Vietnam’s
Incentives proposed for transport firms
HCMC – Incentives have been proposed for transportation companies, most of which have yet to recover from the protracted impact of the Covid-19 pandemic. The Vietnam Automobile Transportation Association has written to the prime minister proposing measures to ease the difficulties faced by
VIX set to acquire 15 million GEX shares
HCMC – VIX Securities JSC has registered to buy 15 million shares of Gelex Group JSC, which trades its GEX shares on the Hochiminh Stock Exchange, to raise its ownership in the latter to 3.52%. The securities firm, whose shares are traded on the HCMC bourse under the code VIX, will spend over
Fuel prices fall slightly
HCMC – Domestic fuel retail prices were adjusted down by VND70-500 per liter or kilogram today, December 21, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON 95-III gasoline now sells for VND20,700 per liter, down by VND500 and the price of E5 RON
Vietnam imports over 163,000 CBU cars this year
HCMC – Vietnam had spent US$3.62 billion importing 163,333 completely-built-up (CBU) cars in the year to December 15, surpassing 2021’s full-year figure of nearly 160,000 units, according to statistics released by the General Department of Vietnam Customs. Last month, the number of CBU cars
Hoa Phat to ship first batch of long steel to Europe
HCMC – Steelmaker Hoa Phat Group has cut a deal to export 10,000 tons of steel wire rods to Europe, marking the firm’s first shipment of long steel products to the market. The shipment is scheduled for February next year, the local media reported. A representative of Hoa Phat Hung Yen Steel
HCMC approves bidding plan for Can Gio bridge project
HCMC – The HCMC Transport Department has approved the bidding plan and cost estimate for the Can Gio bridge project. As part of the plan, the cable-stayed bridge will be developed under the build-operate-transfer format. According to the department, the project will need nearly VND10 billion, of
Real estate transfer tax revenue double in 2022
HCMC – Vietnam has seen a surge in revenue from real estate transfer taxes this year even though the market has almost ground to a halt due to liquidity problems. In its report on the budget collection of the tax sector, the General Department of Taxation said revenue generated by taxes on
Veggie, fruit imports top US$1.8 billion
HCMC – Vietnam had spent US$1.87 billion importing vegetables and fruits in the year through November, soaring 39% year-on-year, and is expected to buy more to meet the surge in demand during the Lunar New Year, according to the General Department of Vietnam Customs. Of the amount, apples had come
HCMC’s fine dust, noise pollution levels surpass safety limits
HCMC – Health experts have raised an alarm as HCMC’s noise and fine dust pollution exceeds safety thresholds and threatens to cause respiratory ailments and hearing loss, as well as worsens background diseases. Data collected by the city Department of Natural Resources and Environment indicated
US$6.8 billion in remittances forecast to flow to HCMC this year
HCMC – Incoming remittances to HCMC are estimated to reach some US$6.8 billion this year, according to Nguyen Duc Lenh, deputy head of the State Bank of Vietnam branch in HCMC. Growth in remittance flows to the city in 2022 could be lower than the 2021 figure, but remained robust amid global
Five scientists who invented Internet win US$3-million VinFuture prize
HCMC – Five international scientists who invented the Internet won the US$3-million VinFuture Grand Prize as announced at an award ceremony held in Hanoi City today, December 20. What the scientists – Timothy John Berners-Lee, Robert Elliot Kahn, Vinton Gray Cerf, David Neil Payne and Emmanuel
Authorities seek solutions for sustainable sand management in Mekong Delta
CANTHO – The Mekong Delta region loses an average 500 hectares of land due to landslides every year, according to a report by the World Wide Fund For Nature Vietnam (WWF Vietnam) and Vietnam Disaster Management Authority. The Mekong Delta region contributed 31.37% of the agriculture sector’s GDP,
Sun Life Flagship’s grand opening marked by ‘Fulfillment Exhibition’
HCMC – Sun Life Flagship, a novel construction design, was unveiled in HCMC on December 15, alongside the “Fulfillment Exhibition,” in a bid to ensure that cultural and artistic values are maintained. Sun Life Flagship is constructed in a new conceptual space, serving as a creative space for
Coca-Cola to reveal new stories in Tet 2023 campaign “Tet may change, the magic remains”
Coca-Cola Vietnam officially kicks off its 2023 Tet campaign with the message “Tet may change, the magic remains” to highlight the unchanging value of family reunion meals during Tet, despite passing generations. Coca-Cola Vietnam will stage numerous meaningful online and offline activities to