Fiscal incentives proposed for 2023
HCMC – The Ministry of Finance has proposed multiple fiscal policies in terms of taxes and fees to support businesses and households in 2023, according to a finance official. Speaking at a regular Government meeting on January 3, Deputy Minister of Finance Nguyen Duc Chi said that the suggested
Manufacturing business conditions continue to weaken in December
HCMC – The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) continued to slide further, signaling a further deterioration in conditions in the manufacturing sector. The S&P Global Vietnam manufacturing PMI registered 46.4 in December, one point lower than the previous
EVN’s proposed electricity price hike under consideration
HCMC – The Ministry of Industry and Trade has been gathering feedback on a proposal of Vietnam Electricity Group (EVN) for increasing electricity prices. A spike in electricity prices will be weighed carefully, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference on
Phu My Hung spring fair to kick off in mid-January
HCMC – A spring fair in celebration of the Lunar New Year, or Tet, will be opened on January 15 along the Crescent Lake in the Phu My Hung urban area in District 7, HCMC. With the theme “Xuan Phon Vinh” (Prosperous Spring), the organizer of the Phu My Hung spring fair wishes visitors a […]
Nestlé Vietnam and its journey to sustainable development
With nearly three decades of operation in Vietnam, Nestle Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business
Hoa Binh Group faces leadership struggle
HCMC – Having served as chairman of Hoa Binh Construction Group JSC for 35 years, Le Viet Hai decided in mid-December of 2022 to step down as from early this year but later rolled back his decision. On December 14, the firm announced that it had accepted Hai’s letter of resignation, and elected
Binh Phuoc scraps 6,317-hectare Dong Phu project
HCMC – The government of Binh Phuoc Province decided yesterday, January 3, to scrap the Dong Phu Industrial and Residential Park project with an area of 6,317 hectares, according to the local media. The local authority requested relevant departments and agencies to stop their project planning and
US$1.35 billion spent on meat imports
HCMC – Vietnam spent around US$1.35 billion importing 615,000 tons of meat and meat products in January-November of 2022, up 4.8% in value year-on-year, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. There were 55 meat suppliers for Vietnam, with the U.S.,
Logistics digitization remains sluggish in HCMC
HCMC – The digitization level in the operations of HCMC-based logistics firms, which account for half of the country, has yet to meet expectations, according to data from the Vietnam Logistics Business Association. Only 10.2% of logistics firms in the city use the barcode application, while it was
Swire Coca-Cola takes over Coca-Cola Vietnam
HCMC – Swire Coca-Cola Limited, a wholly-owned subsidiary of Swire Pacific Limited, has announced the completion of its acquisition of Coca-Cola Beverages Vietnam Limited. The transaction marks another major investment of Swire Coca-Cola in Southeast Asia following the acquisition of the Cambodia
Hue’s unique tea makes the pickiest eater in Vietnamese showbiz also have to nod and praise it
The name is a bit bewildering, but the unique taste makes Miss Thuy Tien nod her head and praise it non-stop. One of the queens [...]
The shop of shumai bread is more than 40 years old, making the American tourist fall in love, buying so much that the owner is familiar with it
Although he has tried many delicious dishes in Vietnam, this American guy still has a special love for simple banh mi in Ho Chi Minh [...]