HCMC reports strong economic growth this year
HCMC – HCMC’s gross regional domestic product is estimated to rise by over 9% this year, well above the target of 6%-6.5%, showing the city’s strong post-Covid recovery, heard a conference held by the Standing Board of the HCMC Party Committee on November 30. All the three main pillars of the
Exporters encouraged to adopt green trade strategy
HCMC – Exporters in Vietnam should pay more heed to a green economy to meet increasingly stricter requirements set by import markets, Minister of Industry and Trade Nguyen Hong Dien told a recent green export promotion forum. Making green products will not only enable exporters to move closer
BAF Vietnam to acquire majority stake in livestock company
HCMC – BAF Vietnam Agriculture Joint Stock Company (BAF) will acquire 717,282 shares, or a 99.9% stake, in Kim Hoi Livestock Manufacturing and Trading Joint Stock Company. The BAF management board has passed a resolution on the stake acquisition, assigning BAF general director to take charge of
Government plans to rearrange state-owned enterprises till 2025
HCMC – Deputy Prime Minister Le Minh Khai has signed a decision approving a plan of rearrangement of state-owned enterprises for the period of 2022-2025 in the form of one-member limited company, equitization, re-arrangement and divestment. Accordingly, the Government will equitize 19 enterprises
HCMC to offer favorable conditions for Japanese businesses
HCMC – The HCMC government has sought to offer business incentives and enhance cooperation with Japanese investors on the city’s development initiatives of e-commerce, logistics, retail, trade and automation industry, among others. The information was given during the annual roundtable conference
HCMC water environment improvement project requested for the third extension
HCMC – The Ministry of Planning and Investment has written to the prime minister proposing approving the revised investment policy for the Water Environment Improvement Project in HCMC in the river basin of Tau Hu – Ben Nghe – Doi – Te (phase 2), pushing back the project’s completion date to
Compensation rates proposed for land along Beltway No. 3
HCMC – The HCMC Department of Natural Resources and Environment is expected to set compensation rates for households affected by the Beltway No. 3 project, which would range from VND18.7 million to VND40.1 million per square meter. The department has just written to the HCMC management board for
Vietnam, South Korea join hands to boost technology investment
HCMC – The Vietnam Blockchain Association (VBA), the Korea NFT Content Association (KONCA) and NBN Media Company have cut deals to boost technological investment cooperation between Vietnam and South Korea. The partnership is expected to help strengthen strategic ties between the two countries and
Ministry of Finance orders bond issuers to pay off debt
HCMC – The Ministry of Finance (MOF) has written to debt-issuing organizations, ordering them to cough up the principal and interest of their bonds and to closely follow regulations on bond issues. To ensure investors’ legitimate rights, the ministry said that bond issuers would have to work with
PM signs new rules on air passenger, cargo transport
HCMC – Prime Minister Pham Minh Chinh has signed Government Decree No. 93 setting out a range of specific regulations for the transportation of air passengers and cargo. According to the Vietnam News Agency, the regulation will take effect on December 22. Passengers entering Vietnam are required
Agriseco general director steps down
HCMC – Agribank Securities Corporation (Agriseco), whose AGR shares are traded on the Hochiminh Stock Exchange (HOSE), has released Dinh Ngoc Phuong from his post of general director at the firm, with effect from yesterday, November 29. The company picked AGR deputy general director Le Son Tung as
RMIT Vietnam team champions STR’s Asia Pacific market study contest for first time
HCMC – A team of students from RMIT Vietnam outperformed other countries to progress to the final round of the 2022 STR Student Market Study Competition hosted by Smith Travel Research (STR), one of the prominent sources of premium global data benchmarking and market insights for the tourism,
Over 144,000 CBU autos imported in 2022
HCMC – The number of completely-built-up (CBU) automobiles imported in Vietnam during the January-November period hit some 144,726 with a value of US$3.2 billion, rising by 5.9% in volume and 6.3% in value year-on-year. Automobiles with up to nine seats made up the majority of imports, totaling
Vietnam’s rice exports seen hitting record this year
HCMC – Vietnamese rice export prices have stayed high in November, while shipments to European countries, China, and the Philippines have soared, all contributing to this year’s rice export that is expected to soar to a record high of over seven million tons. Statistics from the Ministry of
Realty firms struggle to stay afloat amid uncertainties
HCMC – Many realty enterprises have ceased operations in recent times, while the active ones have laid off staff or cut salaries amid market uncertainties. Layoffs have recently become more widespread among not only medium and small-sized realty businesses but also large corporations. Subject to
Rising rent and fuel prices drive up CPI in November
HCMC – Vietnam’s consumer price index (CPI) in November has edged up a slight 0.39% over the previous month and 4.37% against the same period last year, according to data released by the General Statistics Office (GSO) today, November 29. GSO said in its report that November housing and
