Forty-five businesses honored at third HCMC Brand Award
HCMC – The HCMC Department of Industry and Trade and the Saigon Times Group co-organized the third HCMC Brand Award ceremony yesterday, January 6, to honor 45 businesses in the city for their efforts and success in brand building. The 45 winners are leading and prestigious enterprises in their
Higher electricity production and import expected this year
HCMC – Electricity output and import this year are estimated at 284.5 billion kilowatt hours (kWh), up around 5.5% over last year, according to the latest power supply plan approved by the Ministry of Industry and Trade. The figure is 16 billion kWh higher than in 2022 and 29 billion kWh higher
The flowers that ‘hibernate’ every New Year are ‘sold out’, no matter what the price is, you can buy them
If you take the effort to take care of it, this flower will bloom to brighten up the family space on New Year’s Day In [...]
Personal savings increase over 9%
HCMC – Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data from the SBV, the country’s central bank, showed that capital raised by commercial banks in the city expanded an estimated 6%, with personal savings rising 9.2%
HCMC prepares VND20 trillion worth of goods for Tet
HCMC – Businesses in HCMC have stocked up on VND20 trillion worth of goods for the upcoming Lunar New Year holiday, or Tet, said deputy director of the municipal Department of Industry and Trade Nguyen Nguyen Phuong. Phuong told a press briefing on January 5 that of the total amount, enterprises
First Cao Phong orange shipment to UK
HCMC — Seven tons of oranges grown in Cao Phong District in the mountainous province of Hoa Binh were shipped to the United Kingdom (UK), marking the first shipment of the local specialty to a European country. The Cao Phong District People’s Committee, the Hoa Binh Province Department of
Becamex IJC to issue nearly 35 million shares to pay dividend
HCMC – Becamex Infrastructure Development JSC, which trades its IJC shares on the Hochiminh Stock Exchange, will issue some 35 million shares to pay the 2021 dividend to its shareholders. With the stock dividend payment at a ratio of 16%, shareholders will receive 16 new shares for every 100
Standard Chartered forecasts Vietnam’s 2023 GDP growth at 7.2%
HCMC – Standard Chartered Bank has forecast Vietnam’s gross domestic product (GDP) will expand 7.2% this year, following a solid recovery to 8% in 2022. The forecast is 0.7 percentage point higher than the target approved by the National Assembly. “We still have a conviction on Vietnam’s high
Half a billion dollars committed to HCMC’s industrial zones in 2022
HCMC – HCMC’s export processing and industrial zones attracted new investments totaling nearly US$550 million last year, over 9% higher than expected, according to the HCMC Export Processing Zone and Industrial Park Authority (HEPZA). New foreign investment approvals amounted to US$196.6 million
New Zealand re-launches scholarship program in Vietnam
HCMC – The New Zealand Government is set to re-launch its New Zealand Schools Scholarships (NZSS) this year, a prestigious program offered exclusively to Vietnamese secondary-school students. Through NZSS, which was initially launched in 2019, a number of Vietnamese recipients have gone on to
Three Vietnam Register officials charged with bribe taking
HCMC – Investigators at the HCMC Police Department yesterday, January 5, pressed charges against three officials at Vietnam Register’s Motor Vehicle Inspection Department over allegations that they had received bribes. The three suspects are Tran Anh Quan, 60, acting head of the Motor Vehicle
Vietnam Railway seen lacking train cars
HCMC – Vietnam Railways now has over 160 locomotives and 500 train cars whose lifespans are set to expire in 2023, putting the sector at risk of failing to meet the travel demands. Dang Sy Thanh, general director of Vietnam Railways (VNR), said at a recent year-end conference that the number of