Vietnam’s exports fall further in first half of May
HCMC – Vietnam reported only US$23.9 billion in foreign trade in the first half of May, down 10.8% from the second half of April, official data showed. Exports plunged 21.3% from the second half of April to US$11.5 billion, which is US$988 million lower than import spending. The falling export
Bien Hoa-Vung Tau expy likely behind schedule due to slow site clearance
HCMC – Work on three components of the first-phase Bien Hoa-Vung Tau expressway project is scheduled to begin by June 30, but site clearance for components 1 and 2 in the Dong Nai Province area has yet to be completed. Dong Nai authorities have requested relevant units to speed up site clearance
Floor domestic airfares likely to be abolished
HCMC – A majority of National Assembly (NA) deputies have agreed to maintain the airfare cap but remove floor prices of domestic air tickets. The NA Standing Committee said that removing the floor prices of domestic air tickets is necessary to encourage competition, reduce service prices, protect
Long An, Dong Nai seek to attract Indian businesses
HCMC – Multiple Indian businesses have visited Dong Nai and Long An provinces to sound out business opportunities there. On May 23, at the Indian – Vietnam Business Cooperation event, an Indian delegation of 10 businesses in logistics, construction materials, electrical and medical equipment
First Vietnam ASEAN furniture fair to be held in HCMC
HCMC – The first Vietnam ASEAN International Furniture and Home Accessories Fair (VIFA ASEAN) will be held between August 29 and September 1 at the Saigon Exhibition and Convention Center in District 7, HCMC. Under the theme “Gathering all the best Southeast Asian furniture”, the event will
Economic recovery program extension proposed
HCMC – A National Assembly (NA) deputy has proposed extending the economic recovery and development program until 2024-2025. Le Quang Manh, new head of the NA Finance and Budget Committee, said public capital disbursements were slower than planned while the program would end after six months,
Deposit interest rates have passed their heyday
Despite a further reduction of 0.2-0.4%, even a 1% reduction within just 1 month, bank deposit interest rates will decrease further in the coming time.
Waiting for the revised date, visa application in Vietnam is still time-consuming for international visitors
At the 5th session, the 15th National Assembly will consider and approve a joint resolution on many changes in visa policy. However, travel companies reflect that they still take a long time with visa procedures for international visitors.
Hai Phong has a budget deficit due to payment reduction of Vinfast and Hai Phong Thermal Power
With tax reduction and policy relaxation; Some key taxpayers reduced revenue such as VinFast Business Co., Ltd; Hai Phong Thermal Power Joint Stock Company, etc. It is estimated that in the second quarter, Hai Phong city's budget revenue will decrease by up to 700 billion VND.
Developing tourism from cultural identity
The development of tourism associated with cultural experiences has contributed to making tourism a leading economic sector in many localities.
Central bank cuts interest rates further in easing cycle
HCMC – The State Bank of Vietnam (SBV) has announced two separate decisions further lowering key interest rates, with effect from Thursday, May 25. This is the third rate reduction since March in the central bank’s monetary easing cycle aimed at boosting slackening economic activity and
SBV proposes increasing Agribank’s charter capital to over VND51 trillion
HCMC – The governor of the State Bank of Vietnam, Nguyen Thi Hong, has proposed revising up the charter capital of the State-run Vietnam Bank for Agriculture and Rural Development (Agribank) by VND17.1 trillion to more than VND51.4 trillion in the 2021-2023 period. Hong made the proposal at the
