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
Promoting economic integration
Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce (Kadin Indonesia) and ASEAN Business Advisory Council (ASEAN–BAC), recently visited Vietnam for a roadshow to promote economic development. On this occasion, The Saigon Times had the opportunity to speak with him about bilateral ties
Phu Bai airport’s new terminal set to open in late April
HCMC – Prime Minister Pham Minh Chinh has required the investor to finish the remaining work and put the new terminal at the Phu Bai International Airport into operation by the end of April to serve the rising travel demand during the upcoming holiday. PM Chinh inspected the construction progress
VSIP works with nine provinces to develop smart industrial parks
HCMC – Vietnam Singapore Industrial Park J.V. Co. (VSIP) signed memorandums of understanding (MOU) with nine provinces in Vietnam to develop smart and sustainable industrial parks at a ceremony held in Binh Duong Province this morning, March 25. The deals were part of a broader MOU between Becamex
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
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
