Central bank revises up credit growth limit
HCMC – The State Bank of Vietnam (SBV) decided last night (December 5) to increase the credit growth limit for this year by 1.5 to 2.0 percentage points, reversing its persistent stance on loan growth. With inflationary pressure on its mind, the SBV, the country’s central bank, earlier affirmed
Vinamilk to pay 14% cash dividend
HCMC – Vietnam Dairy Products Joint Stock Company (Vinamilk), whose VNM shares are traded on the Hochiminh Stock Exchange, will make its second dividend payment this year, with December 23 set as the record date. The dairy processing company will pay a cash dividend of 14% to its existing
Multiple violations detected in tourism projects
HCMC – The Government Inspectorate has inspected tourism projects under the management of the Ministry of Culture, Sports and Tourism and nine provinces and detected a series of violations. The Ministry of Culture, Sports and Tourism and the People’s Committees of nine provinces such as Hanoi,
Extra sugar import tariff quota allocated via auction
HCMC – The Ministry of Industry and Trade (MOIT) will auction an additional import tariff quota for 200,000 tons of sugar for the crop year 2021-2022. The type of sugar and quantity of additional import tariff quota for sugar would be 160,000 tons of raw sugar and 40,000 tons of refined sugar with
Deferred tax payments put at VND106 trillion in Jan-Nov
HCMC – The tax offices have deferred tax payments of VND105.9 trillion between January and November this year, representing 78.4% of the plan set in the tax deferral policy at VND135 trillion, according to the Ministry of Finance. The deferral of value added tax (VAT), corporate income tax (CIT),
Jan-Nov goods exports expand over 13%
HCMC – Vietnam’s merchandise exports in the year to end-November had amounted to an estimated US$342.21 billion, a rise of 13.4% over the same period of last year, according to the General Statistics. According to the Government news website (chinhphu.vn), processed and manufactured goods
Techfest Vietnam 2022 seminars highlight corporate innovation
HCMC – Business representatives, State officials, and experts at home and abroad gathered at the Binh Duong Innovation seminar series held yesterday, sharing their insights about a roadmap for upgrading manufacturing toward Industry 4.0 and corporate innovation. The seminars are part of the
Danang sees industrial production up 8.6% in Jan-Nov
HCMC – Danang’s industrial production index (IPI) in the year to November had improved 8.6% over the same period last year, according to data from the Danang Statistics Office. During the 11-month period, the central coast city saw its manufacturing and processing sector expanding 7.4%
Fuel supply estimated to surge 10-15% in 2023
HCMC – The Ministry of Industry and Trade has drawn up two scenarios for the minimum fuel supply in 2023, requiring key fuel enterprises to increase the overall figure by 10-15% in 2023, according to the local media. In the first scenario, the total fuel supply should reach 25.9 million cubic
HCMC wants to restore historic Ba Son Shipyard
HCMC – HCMC has proposed restoring the historic Ba Son Shipyard, with an estimated investment of some VND230 billion. The HCMC’s People Committee has sent an urgent official document to the Ministry of Culture, Sport and Tourism, seeking an appraisal for the project to restore the Ba Son Shipyard,
Ialy Hydropower supplies 100 billion kWh of power to national grid
HCMC – Ialy Hydropower Company of Vietnam Electricity Group (EVN) marked a milestone on December 2 by supplying 100 billion kWh of electricity to the national grid, according to the Vietnam News Agency. EVN’s Ialy Hydropower Company has managed the operation of three hydroelectric power facilities
Ministry proposes canceling funding plans over disbursement delays
HCMC – As disbursements remain slow and adversely affect Vietnam’s rebounding economy, the Ministry of Finance has proposed canceling the use of public capital sourced from foreign loans under the law on public investment if the money is not fully disbursed this year. Disbursements of public funds
HoREA asks for credit expansion by year-end
HCMC – The HCMC Real Estate Association (HoREA) has written to the prime minister and the State Bank of Vietnam proposing a national credit growth expansion of 1%, equal to VND100 trillion. In its letters, HoREA said it is time that the central bank raised the credit growth limit, as businesses
HEINEKEN ranked Top 2 in CSI Ranking 2022
HCMC – HEINEKEN Vietnam has been named among the Top 2 Most Sustainable Companies in the manufacturing sector in Vietnam at the Corporate Sustainability Index (CSI) Ranking Ceremony 2022. This milestone marks the seventh consecutive year HEINEKEN Vietnam has been listed among the Top 3 in this
F&N Dairy Investment to increase stake in Vinamilk
HCMC – Singapore-based F&N Dairy Investment, a large shareholder of Vietnam’s leading dairy firm Vinamilk (VNM), has registered to buy nearly 20.9 million VNM shares from December 6 to January 4. Once the transactions are completed, the Singaporean firm would raise its ownership in Vinamilk
HCMC launches Online Friday 2022
HCMC – HCMC is entering the shopping season with a host of events being kicked off to promote consumption, including Online Friday 2022 and the second Promotion Month, launched yesterday, December 1. The launch event was co-held by the Vietnam E-commerce and Digital Economy Agency, under the