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
SCG Sharing the Dream scholarship continues to support education and promote sustainable mindset for the young generation
SCG Sharing the Dream scholarship celebrates its 15th annual batch with the awarding ceremony in Hanoi on December 20th 2022. The scholarships not only financially support disadvantaged students but also facilitate their self-development towards a sustainable future, along with the ESG
KIDO to divest from Chuk Tea & Coffee
HCMC – KIDO Group, which trades its shares on the Hochiminh Stock Exchange under the code KDC, has approved a plan to divest from the Chuk Tea & Coffee chain, formerly known as Chuk Chuk. The reason for its move remains unknown, the local media reported. Under its decision, the food processor
Corruption, economic crimes surge in 2022
HCMC – Practices on the confiscation of proceeds of corruption and economic crimes this year surged over 2021, with HCMC accounting for over 91% of the country’s forfeiture of assets associated with criminal cases. The Ministry of Justice held a meeting yesterday, December 19, on the
HCMC metro train test-run set for tomorrow
HCMC – One of the trains for the Ben Thanh-Suoi Tien Metro Line, the first of its kind in HCMC, will undergo a trial run on elevated sections of the rail line in Thu Duc City tomorrow, December 21. The test run is set for 10:00 a.m. to 10:30 a.m., the local media reported. The […]
Year-end passenger traffic seen surging at Tan Son Nhat
HCMC – Passenger traffic is forecast to shoot up at the Tan Son Nhat International Airport in HCMC during New Year and Lunar New Year holidays. The airport is expected to receive 115,000 passengers during the New Year holiday and 130,000 during the Lunar New Year holiday, up 10% against the same
US$1.5-billion venture capital pledged to Vietnam
HCMC – Thirty-nine venture capital funds committed a combined US$1.5 billion to Vietnam in the 2023-2025 period during the Vietnam Venture Summit 2022 in Hanoi yesterday, December 19. The event was held by Vietnam’s Ministry of Planning and Investment and co-organized by the National Innovation
U.S. announces new contract for Bien Hoa airbase dioxin clean-up project
HCMC – The United States Agency for International Development (USAID) has announced a new contract worth some US$29 million to begin the next stage of the dioxin clean-up project at the Bien Hoa Air Base. USAID issued the four-year contract for civil works to Vietnamese firm VINA E&C
Agri Index introduces rice exchange project
CANTHO – Agri Index has introduced a project to set up an exchange for rice and rice by-products made through a circular economy model. The project is intended to connect those entities focusing on circularity in rice production in Dong Thap and other Mekong Delta provinces. When in place, the
