National Assembly set to elect new State President tomorrow
HCMC – The National Assembly (NA) will hold an extraordinary session tomorrow, March 2, to elect a new State President. The post of State President has been left vacant since the National Assembly relieved Nguyen Xuan Phuc from the post. Tonight the NA Office issued a press release announcing the
PM urges eliminating administrative bottlenecks for HCMC
HCMC – Prime Minister Pham Minh Chinh has recently asked the relevant agencies to cut red tape and establish a breakthrough mechanism for the city’s development. He suggested local authorities lay the groundwork to fulfill the potential of HCMC and bolster its role as the country’s economic
HCMC proposes coefficient K be used to set land prices
HCMC – The HCMC People’s Committee has written to the Government proposing using coefficient K to determine land prices for many property projects in the city. It is difficult to collect and check information on the actual prices of property transactions in the city due to vagueness in those
Interbank interest rates rise
HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates for all tenors have risen, with the overnight rate increasing by 1.4 percentage points to 6%, according to a recent market report by SSI
Nearly 51,400 firms exit market in Jan-Feb
HCMC – Nearly 51,400 businesses have pulled out of the market in the year to date, up 14.5% year-on-year, according to the General Statistics Office. Of these companies, some 38,800 have temporarily suspended their operations, up 18.5% year-on-year, and 9,400 have halted their operations pending
Vietnam enjoys trade surplus of US$2.82 billion in Jan-Feb
HCMC – Vietnam exported goods worth US$49.44 billion in the first two months of the year, while spending US$46.62 billion on imports during the period, resulting in a trade surplus of US$2.82 billion, according to the General Statistics Office. Meanwhile, the country ran a trade deficit of US$0.3
Vietnam’s CPI edges up in February
HCMC – Vietnam’s consumer price index (CPI) in February rose by 0.45% month-on-month and 4.31% year-on-year, according to data released by the General Statistics Office today, February 28. The rise was attributed to higher local prices of fuels due to soaring global ones and increased renting
New FTA negotiations stepped up to boost exports
HCMC – Vietnamese authorities are expediting negotiations over new free trade agreements (FTAs) with markets that the country has yet to tap. According to the Center for WTO and International Trade under the Vietnam Chamber of Commerce and Industry, Vietnam’s trade and investment have benefited
Vietnam eyes mild rise in cashew exports this year
HCMC – Vietnam aims for US$3.1 billion in cashew exports this year, inching up US$30 million against 2022, heard the ongoing 12th VINACAS Golden Cashew Rendezvous, a national trade promotion program of Vietnam. The modest target was set due to many difficulties facing the global cashew market, the
Vietnamese doctor honoured for contributions to blindness prevention in Asia-Pacific
Ba Ria-Vung Tau Eye Hospital Director, Dr. Nguyen Viet Giap, has been awarded the 2023 Asia-Pacific Academy of Ophthalmology (APAO) Outstanding Service in Prevention of Blindness Award.
New cars may be exempted from registration for the first time
According to a proposal by the Vehicle Registration Department, new vehicles will be exempt from inspection during the first cycle. The exemption period will vary for each type of vehicle, for example, vehicles with fewer than 10 seats will be exempt for 30 months, and trucks will be exempt for 24
Luxury cruise ship brings 3,500 int’l tourists to Vietnam
HCMC – Luxury cruise ship Spectrum of the Seas, with 3,500 international passengers on board, arrived at the Phu My port in Ba Ria-Vung Tau Province on February 26 for passengers to start their two-day tour to tourist destinations in Ba Ria-Vung Tau, HCMC and Tien Giang. The cruise ship is set to
