Opportunities ahead as int’l trade continues post-pandemic recovery
HCMC – Vietnam’s commitment to trade reform has left the country well placed to capitalize on a resurgent global economy, it was stated at a trade symposium held in HCMC yesterday, December 7. The symposium, co-organized by the General Department of Vietnam Customs (GDVC) and the USAID Trade
Rail industry expects to make profit in 2023
HCMC – Vietnam Railways Corporation (VNR) plans to shift operational priorities from passenger to freight transport to minimize losses and earn profits beginning next year. As of November, the proportion of freight transport accounted for roughly 55% of the total. The sector rose by 26% compared
Hiring demand in HCMC forecast at 320,000 workers next year
HCMC – Enterprises in HCMC are forecast to recruit 300,000-320,000 new employees if the global economy bounces back, according to the Center of Forecasting Manpower Needs and Labor Market Information (FALMI). The demand for new employees will depend on different scenarios of the global economy
Budget collection from real estate sector slows in H2
HCMC – Though the tax revenue from the real estate industry has exceeded the year’s goal, it has kept sliding since June. According to General Department of Taxation data, revenue from housing and land in the year to November had accounted for 17.2% of the total tax collection, at over VND222.6
Provinces set to launch price stabilization programs ahead of Tet
HCMC – Many provinces and cities in Vietnam will launch price stabilization programs in in the lead up to the Lunar New Year 2023 holiday at a total cost of trillions of Vietnamese dong. The Lunar New Year holiday is a special time for family reunion, which always drives up the demand for
HCMC wants 17 public-invested projects suspended
HCMC – The HCMC People’s Committee has proposed suspending 17 long-delayed public-invested projects to save over VND1,400 billion for more important ones. On December 7, the HCMC People’s Council began its eighth and year-end session to review and discuss key factors for the city’s development. As
Seven million tourists come to Kien Giang in Jan-Nov
HCMC – The Mekong Delta province of Kien Giang attracted over seven million tourists in January-November this year, up 164% year-on-year, according to the Kien Giang Tourism Department. Of over seven million tourists, foreigners accounted for 194,500. Phu Quoc Island alone attracted over 4.7
Thu Duc needs new mechanism for development
HCMC – Despite its huge development potential, Thu Duc City still faces numerous outstanding issues and obstacles; therefore, the city needs to be granted a special mechanism for development, according to the Institute for Policy Research and Media Development (IPS). Asynchronous infrastructure
EU draft law seeks to end import of goods linked to deforestation
HCMC – The European Union (EU) might ban companies from importing products deemed to accelerate deforestation. The EU reached an agreement on December 6 to prevent companies from selling products that drive deforestation to the EU market, according to the European Commission (EC). A draft law of
Bamboo Capital to pour additional VND500 billion into BCG Energy
HCMC – Bamboo Capital Group JSC, which trades its BCG shares on the Hochiminh Stock Exchange, has passed a plan to inject an extra VND500 billion to its subsidiary BCG Energy. After the transaction, BCG’s total capital contribution to BCG Energy will reach VND3,203 billion, or 320.3 million
Kamado gets approval for granite tile factory
DANANG – The Kamado Joint Stock Company has received approval from the Binh Dinh Investment Promotion Center (IPC) to develop its over-VND988-billion granite tile factory in the Binh Nghi industrial cluster. The facility will cover 21.9 hectares in Binh Nghi Commune, Tay Son District, Binh Dinh
Int’l Food & Hotel Vietnam kicks off in HCMC
HCMC – The 11th International Food & Drink, Hotel, Restaurant, Bakery & Food Service Equipment, Supplies & Services Exhibition, or Food & Hotel Vietnam 2022, was launched at the Saigon Exhibition and Convention Center in District 7, HCMC today, December 7. The exhibition, held by
Over VND9.6 trillion proposed for upgrading HCMC’s polluted canal
HCMC – The HCMC People’s Committee has proposed investing over VND9.6 trillion in the Xuyen Tam Canal upgrade project at a meeting this morning, December 7, according to the local media. The project will be carried out on the 6.6-kilometer section of the canal, from Nhieu Loc-Thi Nghe Canal to the
New employment opportunities emerge in Binh Duong
HCMC – Employment opportunities have arisen in the southern province of Binh Duong as businesses begin the hunt for labor, the provincial Labor Union said. The union posted a list of 38 companies looking for over 50 workers on its portal, congdoanbinhduong.org.vn, and its Facebook page. Most
Vietnam imports nearly US$190 million of pork in Jan-Oct
HCMC – Vietnam had imported 89,000 tons of pork products worth US$189.02 million in the year to October, contracting over 34% in volume and nearly 40% in value year-on-year, according to the Foreign Trade Agency under the Ministry of Industry and Trade. In October alone, the country spent some
Global Sourcing Fair set for next April in Vietnam
HCMC – Global Sourcing Fair Vietnam, an international B2B sourcing trade show organized by Global Sources, is scheduled to take place from April 26 to 28 next year in HCMC’s District 7. The event is expected to meet the rising sourcing demand for products from Vietnam and ASEAN, providing a