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
Binh Duong’s key economic indicators see negative growth in Q1
HCMC – The southern province of Binh Duong has seen its economic indicators drop in the first quarter of the year, while employees leaving the market outnumbered those entering. Preliminary data from the government of Binh Duong showed that the index of industrial production of the province in the
Bamboo Airways wants to add VND10 trillion to charter capital
HCMC – Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations. The plan will be submitted to the company’s extraordinary general meeting for approval on April 10. Bamboo Airways will
Four gas stations in HCMC apply for dissolution
HCMC – Six gas stations in HCMC have suspended operations, with four in the process of conducting procedures for dissolution, according to the market surveillance agency in HCMC. The four are the Go Vap Branch Gas Station in Go Vap District, Hoang Phong Station in District 7, Truong Thieu Sinh
China to import farm produce via Mong Cai border gate
HCMC – Chinese customs officials have recently approved the Mong Cai-Dongxing international border gate pair as an entry point for agricultural goods from Vietnam, according to the Ministry of Industry and Trade. Farm trade will be facilitated through the Bac Luan 2 Bridge, one of the two bridges
Dong Thap to provide expy projects with 7.4 million cubic meters of sand
HCMC – The Mekong Delta province of Dong Thap has said it will supply 7.4 million cubic meters of sand to expressway projects that are facing shortages of building materials. Of the amount, 5.5 million cubic meters of sand will go to Cao Lanh-An Huu and My An-Cao Lanh expressways in the province.