Can Tho looks to boost smart tourism
HCMC – Can Tho will enhance the application of artificial intelligence and virtual reality to deliver a better experience for tourists in the coming time, following the city successfully applying digital technology to the tourist information portal and the Can Tho e-tourism platform. During the
Ministry wants lowest environmental protection tax on fuels in 2023
HCMC – The Ministry of Finance has sought to keep the environmental protection tax on fuels at the lowest levels, proposing the Government submit a draft resolution to this effect to the National Assembly’s Standing Committee. The ministry prepared the resolution, which maintains the environmental
INSEE pours US$35.7-million into new cement grinding station
HCMC – INSEE Vietnam broke ground on the Thi Vai Cement grinding station 2 at the Phu My Industrial Park in Ba Ria-Vung Tau Province on December 4, according to the local media. This project requires an estimated US$35.7 million. This is the second time INSEE has invested such a large amount of
Vietnam’s tourism expects 100 million domestic tourists this year
HCMC – Vietnam’s tourism sector has made an impressive comeback and beaten 2019’s record with 11.3 million more domestic visitors than in the pre-Covid year. The country recorded around 96.3 million domestic tourists from January to November, with November alone seeing 4.5 million, the Vietnam
LG to invest US$4 billion in Vietnam
HCMC – LG intends to expand its Vietnam operations by investing US$4 billion in a manufacturing base for its smartphone camera modules, according to the Voice of Vietnam station. LG’s Chief Operating Officer Kwon Bong-Seok made the statement in Seoul on December 5 during a meeting with Vietnamese
Nearly 12,000 firms established in November
HCMC – November saw 11,943 new enterprises established nationwide with total pledged capital of VND104.49 trillion, rising by 0.3% in number but down 30.3% in capital year-on-year, according to the General Statistics Office. The new market entrants registered to employ 74,000 workers, falling by
Rest areas proposed for Chau Doc-Can Tho-Soc Trang Expressway
HCMC – The Can Tho City government has proposed building three rest areas along the Chau Doc-Can Tho-Soc Trang Expressway, each covering around 5.6 hectares, according to the local media. The three rest areas will be developed in Chau Phu District of An Giang Province, Co Do District of Can Tho
RMIT publishes report on Vietnam-Australia opportunities
HCMC – RMIT’s Asia Trade and Innovation Hub has published a report providing insights for Australian companies searching for Industry 4.0-related business opportunities in Vietnam’s agriculture, logistics and higher education. The report, “Strengthening Victoria’s Connections with Southeast Asia:
Danang’s public capital disbursement rate nears 78%
HCMC – The central city of Danang had disbursed around VND5 trillion of public investment in the year to November, or 77.8% of the total, and equal to 86.9% of the year-ago figure, according to the Danang Statistics Office. The city has taken measures to speed up the construction of some projects.
Tax revenue from e-businesses below expectations
HCMC – Tax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported. Tax collections from 2018 to date totaled nearly VND5,590 billion. The figure has increased over the years, with the collection
Tri Viet Securities has new board chairman
HCMC – Pham Thanh Tung has been picked as new board chairman at Tri Viet Securities Joint Stock Corporation (TVB) for the 2022-2024 tenure, with effect from December 2, replacing his predecessor Bui Minh Tuan. Tuan resigned from his post of TVB board chairman the same day. He earlier tendered his
Vietnam-U.S. trade reaches US$115 billion in Jan-Nov
HCMC – The January-November period saw two-way trade between Vietnam and the U.S. hitting some US$114.9 billion, surpassing the 2021 figure by US$5 billion, according to the Ministry of Industry and Trade. The U.S. remains Vietnam’s largest export partner. Overall revenue for the 11-month period
EQuest, Khoi Nguyen Education Group join hands to expand reach
HCMC – EQuest Education Group, or EQuest, and Khoi Nguyen Education Group (KNE) have signed a strategic cooperation agreement to expand operations and increase opportunities for Vietnamese students to access high-quality education. Under the deal, EQuest will become a key shareholder and join the
Vietnam, South Korea upgrade ties to comprehensive strategic partnership
HCMC – Vietnam and South Korea have upgraded their relations to a comprehensive strategic partnership, paving the way for stronger cooperation between the two countries in the years to come. Vietnam’s President Nguyen Xuan Phuc, who is in South Korea for a three-day state visit scheduled to wrap
Yen Bai airport feasible for civil aviation development
HCMC – The northern upland province of Yen Bai has proposed the Ministry of Transport include a local airport in the national aviation development plan for 2021-2030, with a vision to 2050. Yen Bai airport is managed by the Ministry of Defense. Its 279.5-hectare area and 2,400-meter-long runway
Bac Ninh attracts over US$2 billion of FDI in 2022
HCMC – The northern province of Bac Ninh has attracted more than US$2 billion in new foreign direct investments (FDI). This year Bac Ninh has seen 124 new projects registered with a total investment of US$318.8 million, up 7.8% in the total number of projects. There have been 118 projects FDI