S.Koreans come to Khanh Hoa on chartered flight
HCMC – The south-central province of Khanh Hoa yesterday, March 18, welcomed South Korean tourists on board a chartered flight operated by Vietravel Airlines. Flight VU1329 is the first among a dozen chartered flights that will carry thousands of guests from the Northeast Asian country to Khanh
PM acts to deal with realty market woes
HCMC – Prime Minister Pham Minh Chinh has signed Document 178 ordering the lifting of hindrances to the real estate market and boosting the development of this sector. Earlier, the Government issued Resolution 33 on the same matter, under which the Ministry of Construction, the Ministry of Finance
New FDI approvals plunge in Q1
HCMC – Although the number of new FDI projects approved in the first quarter this year grew over the same period in 2022, their capital pledges edged down. Fresh foreign direct investments (FDI) in Vietnam, including newly registered capital, capital increases by operational projects, and capital
CAAV to trial biometric authentication at Van Don airport
HCMC – Following a test operation at the Cat Bi International Airport in Haiphong City, the Civil Aviation Authority of Vietnam (CAAV) will introduce biometric authentication technology at the Van Don International Airport in Quang Ninh Province. The Northern Airports Authority was told to keep a
Vietnam’s CPI inches up in Q1
HCMC – Vietnam’s consumer price index (CPI) in the year’s first quarter edged up around 4.3% year-on-year, showed official data. The Ministry of Finance attributed the CPI rise to a 7.2% increase in housing and construction material prices and a pickup of 4.5% in food prices. The increasing
Landed house ownership proposal for foreigners needs review
HCMC – The National Assembly Standing Committee has asked the Government to review a provision in the draft of the revised Housing Law that allows foreigners to own landed houses. If the draft is passed, foreign individuals and organizations can own homes in Vietnam, including landed ones with
U.S. extends anti-dumping probe conclusion on plywood imports from Vietnam
HCMC – The United States Department of Commerce (DOC) has for the sixth time delayed the issuance to May 2 of a final conclusion on the probe into anti-dumping duty evasion on plywood imports from Vietnam. According to the Trade Remedies Authority of Vietnam under the Ministry of Industry and
Govt considers lengthening visa-free stay to 45 days
HCMC – The Government is weighing increasing the duration of visa-free stay for international tourists to 45 days from the current 15 to attract guests from abroad. If approval is forthcoming, foreign tourists who come from countries to which Vietnam unilaterally gives a visa waiver can stay in
Enterprises in financial distress
To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director. The firm applied for the loan last year, but only […]
Green economy needs no rush
For Vietnam, it is a good opportunity for domestic enterprises to become companions, to grow alongside and to develop. From a wider perspective, it should be the lifeline for the planet. Greener owing to FDI? The 2022 FDI report with the key topics of green growth and digital transformation
The reverse side of export growth
In recent years, Vietnam’s export revenue has soared in tandem with a rising number of lawsuits filed against local companies. Legal actions on the rise In late January, the U.S. Department of Commerce (DOC) announced a probe into gas-powered pressure washer products of 14 Vietnamese manufacturers
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
