Vietnam, France to develop ties in all sectors
Vietnam and France have long-standing ties and deep connections in areas such as history, culture, education, politics and economy. In an interview with The Saigon Times, Emmanuelle Pavillon-Grosser, consul general of France in HCMC, talked about potentials and expectations for enhancing bilateral
Trap of cheap tourism
Restaurant owners fear the tourist city of Hoi An might stumble into the trap of low-cost tourism, reducing the value of the old town A businessperson operating an age-old restaurant on the bank of the Hoai River in Hoi An City recently said that Hoi An has been seeing many tourists from Hanoi,
Love knows no borders
People talk about love all year round, but Valentine’s Day made its presence more vivid than ever in February. For this special occasion, The Saigon Times spoke with Aaron Solomon Lorenz (Aaron) from Michigan of the U.S. and Ai Chi My Nguyen (Chi) from HCMC, Vietnam about their journey together.
Challenges surround garment enterprises
Textile and garment firms have been through a roller coaster ride, with profits going up in the first half of 2022 and nosediving during the second half. Financial problems plague apparel firms The textile and garment industry has steadily recovered from the impacts of the Covid-19 pandemic. It
Focusing on quality or market demand?
There is an essential need to improve the quality of Vietnamese rice products. However, the rice industry should strive to satisfy market demand instead of just focusing on what it wants to do. The Ministry of Agriculture and Rural Development has sought feedback from the Mekong Delta authorities
Two huge credit packages are good news for struggling real estate sector
HCMC – Struggling with difficult access to bank loans, the real estate sector has got good news that two major credit packages totaling VND230 trillion would be launched after Prime Minister Pham Minh Chinh met with real estate businesses on Friday. At a hybrid conference on solutions to pull the
PM says Govt will not bail out real estate sector
HCMC – Prime Minister Pham Minh Chinh has said the Government will not bail out the struggling real estate sector. Speaking a hybrid conference on policies and solutions for the frozen real estate sector yesterday, February 17, Chinh said there would be no bailout but government agencies, local
An Giang targets eight million tourist arrivals in 2023
HCMC – The Mekong Delta province of An Giang expects to attract eight million tourist arrivals and make VND5.5 trillion in tourism revenue this year, according to the An Giang Department of Culture, Sports and Tourism. The province wants to develop the tourism sector into a driving force for
Apple contractor Foxconn leases new site in Vietnam
HCMC – Foxconn Technology Group, the biggest contractor of Apple, has signed a lease with the Saigon-Bac Giang Industrial Park Corporation for a 450,000-square-meter site at around US$62.5 million, the local media reported. The new manufacturing site of Foxconn is at the Quang Chau Industrial Zone
Highway 51 investor told to continue road maintenance after toll suspension
HCMC – The Directorate for Roads of Vietnam has told the investor of National Highway 51 to keep road maintenance even although its toll collection has been temporarily suspended. Bien Hoa-Vung Tau Expressway Investment and Development JSC (BVEC) late last month wrote to the Ministry of Transport
Novaland chairman calls for debt restructuring for property firms
HCMC – The chairman of the major Vietnamese property developer Novaland has called for lender banks to restructure debt owed by real estate businesses. Bui Thanh Nhon made the proposal during a hybrid conference held this morning, February 17 to find solutions to cope with woes faced by the real
Vietnam’s fuel imports surge in Jan
HCMC – Vietnam imported 1.03 million tons of fuels worth US$879 million last month, rocketing 70% in volume and 92.6% in value year-on-year, according to the General Department of Vietnam Customs. The country also imported one million tons of crude oil worth US$621 million last month, up 43.8%
