Nearly 43,900 businesses pull out of market in January
HCMC – Some 43,900 businesses have withdrawn from the local market in the year to date, up 14.4% year-on-year, according to the Agency for Business Registration under the Ministry of Planning and Investment. Of these firms, nearly 35,000 have temporarily suspended their operations, up 19.6% versus
New FDI approvals down in Jan
HCMC – New foreign direct investment (FDI) approvals had totaled US$1.69 billion in the year till January 20, down 19.8% over the same period last year, according to the General Statistics Office. There were 153 new projects with total registered capital of US$1.2 billion approved, increasing
Transport Ministry backs Binh Phuoc’s airport plan
HCMC – The Ministry of Transport has thrown its weight behind Binh Phuoc Province’s proposal to convert its military airfield in Hon Quan District into a specialized airport. The ministry said on January 27 that the airport would serve both military and civil purposes, contributing to the southern
Vietnam’s CPI up in January
HCMC – Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported. The surge was attributed to
Int’l tourist arrivals in Vietnam skyrocket in Jan
HCMC – Over 871,000 international tourists have come to Vietnam in the year to date, surging by 44.2-fold year-on-year, according to data of the General Statistics Office. This month’s international tourist arrivals are up by 23.2% against the previous month, the local media reported. However, the
Vietnam imports 6,300 autos in first half of January
HCMC – Vietnam’s automobile imports totaled 6,306 units between January 1 and 15, with a total value of US$161 million, according to the General Department of Vietnam Customs. Vehicles with nine or fewer seats accounted for 91.6% of the total in value and 85.1% in volume. The rest included bigger
SBV seen buying up to US$12 billion in 2023
HCMC – KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year to shore up the country’s foreign reserves. The SBV, the nation’s central bank, bought around US$2 billion on January 11 and 13 when the dollar-dong
PM urges banks to help struggling realty market out
HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing the real estate sector. Banks should eliminate the hindrances of home sellers and buyers to boost property development, the prime minister said at a meeting with
Vietnam among world’s top 10 remittance receivers
HCMC – Vietnam is now among the top 10 countries for receiving the most remittances in the world as money transfers from overseas rose nearly 5% last year and are expected to increase by 3.6-4.5% this year, according to the World Bank. A report from the World Bank and KNOMAD showed that
Int’l tourist arrivals in Vietnam surge during Tet
HCMC – Vietnam saw a surge in international tourist arrivals during the Lunar New Year (Tet) holiday from January 21 to 26, with hotel bookings by foreign guests accounting for 30-40% of the total. Hanoi got an estimated 32,000 international guests during the period, with most of them from South
Dien Bien Airport to be temporarily closed for upgrade
HCMC – Dien Bien Airport in the mountainous province of Dien Bien will cease operations over a period of six to seven months beginning end-March for an upgrade, according to the Airports Corporation of Vietnam (ACV). The airport’s fencing system is expected to be completed by June, while the
Auto testing centers nationwide resume operations today
HCMC – Vehicle inspection and registration centers reopened nationwide this morning, January 27, to meet the high demand of auto owners after the Lunar New Year holiday, or Tet, according to Vietnam Register. As the demand for auto testing remains high, Vietnam Register decided to reopen auto
