Caution about credit growth targets
The fact that credit growth has been sluggish in the year to date means that it is not yet necessary for banks to allocate high targets in the beginning of the year. In addition, the potential risks to the economy, especially for inflation, give banks more reasons to retain their control over
Promoting economic integration
Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce (Kadin Indonesia) and ASEAN Business Advisory Council (ASEAN–BAC), recently visited Vietnam for a roadshow to promote economic development. On this occasion, The Saigon Times had the opportunity to speak with him about bilateral ties
Moonlight 1 An Lac: A Premier Residential Project by Hung Thinh Group
Moonlight 1 An Lac is an upscale residential development situated in Binh Tan District, Ho Chi Minh City, Vietnam. This project is developed by the renowned Hung Thinh Group, a leading real estate company in Vietnam with a strong track record of successful projects. Moonlight 1 An Lac aims to
Phu Bai airport’s new terminal set to open in late April
HCMC – Prime Minister Pham Minh Chinh has required the investor to finish the remaining work and put the new terminal at the Phu Bai International Airport into operation by the end of April to serve the rising travel demand during the upcoming holiday. PM Chinh inspected the construction progress
VSIP works with nine provinces to develop smart industrial parks
HCMC – Vietnam Singapore Industrial Park J.V. Co. (VSIP) signed memorandums of understanding (MOU) with nine provinces in Vietnam to develop smart and sustainable industrial parks at a ceremony held in Binh Duong Province this morning, March 25. The deals were part of a broader MOU between Becamex
Over VND435 billion proposed for textile industry’s development
HCMC – The Vietnam Textile and Apparel Association (VITAS) has proposed a sustainable development program for the textile and garment industry with a proposed budget of VND435.6 billion. The proposal aims to help the textile and garment industry overcome problems, such as the lack of linkage in
Domestic airfare caps may increase from mid-2023
HCMC – The Ministry of Transport plans to revise up the caps on domestic airfares from the second or third quarter of this year, in which the upper ticket price limit on the 850-1,000-kilometer routes would inch up by over 6%. The price brackets for air services would be raised by 3.75% on average
Vietnam’s inflation forecast to reach 4.8% in 2023
HCMC – Vietnam’s inflation rate has been predicted to increase to 3.9-4.8% in 2023, close to the target of 4.5%, as inflationary pressures remain high in the second quarter of this year. The Ministry of Finance presented this forecast at a meeting of the Price Regulation Steering Committee on
HCMC sees more businesses exit market
HCMC – The number of HCMC-based businesses facing difficulties and pulling out of the market surged in the first quarter of 2023, according to the HCMC Union of Business Associations (HUBA). Over 11,300 companies ceased operations from January to March, up 20.1% over the same period in 2022. Of
Sai Gon Tiep Thi, Meizan Demo Center hold Chef Exchange Program
HCMC – After the success of the previous two events, Sai Gon Tiep Thi, a publication of the Saigon Times Group, partnered with the Meizan Demo Center to host the third Chef Exchange Program in HCMC on March 19. The event attracted nearly 30 participants who love food and cooking. Vu Nguyen, head
HoREA suggest using lottery firms’ profit for land development
HCMC – The HCMC Real Estate Association (HoREA) has proposed allowing local authorities to use annual profit from State-run lottery firms to finance land development. The proposal was sent to the National Assembly Standing Committee while the draft of the revised land law has been passed around
E-commerce accounts for 60% of Vietnamese digital economy
HCMC – Vietnam’s digital economy saw the gross merchandise value (GMV) reaching US$23 billion last year, with e-commerce making up over 60%. The 2023 report “Sustainable development of e-commerce – the driving force for the digital economy” said that 2022’s GMV increased 28% over the previous year