New Year – Hopes from reforms
Amid uncertainties and unpredictability in the world, Vietnam has strived to improve its institutional regime to maintain stability and development. Being an enthusiatic supporter of such reforms, I pin high hopes on two policy breakthroughs: The National Master Zoning Plan and amendments to the
HCMC looks to complete multiple key infrastructure projects this year
HCMC – HCMC looks set to either break ground on or complete multiple major traffic infrastructure projects this year, according to the municipal Department of Transport. The city’s first metro line, which connects Ben Thanh Market in District 1 and Suoi Tien Theme Park in Thu Duc City, will be put
Trade minister calls for effort to prevent fuel shortage at Tet
HCMC – Given the recent fuel shortage in An Giang Province, the Minister of Industry and Trade, Nguyen Hong Dien, has requested efforts to control the fuel market and handle violations. The Ministry of Industry and Trade has required the market surveillance force to be on duty with 100% of the
Which sectors are bound for breakthroughs?
Analysts and investors still expect certain industry groups will outperform the general market in 2023, based on their own stories and the varying degrees of impact from the economic context and the outlook for this year. However, it has been forecast by quite a few organizations that difficulties
Preparing for the worst
The Government has set a gross domestic product (GDP) growth target of 6.5% for 2023 although most developed economies are on the verge of recession, especially the U.S. and the European Union. Businesses and households should prepare for the worst-case scenario. Revenue dives Vietnam has a high
Head of Dong Nai auto testing center arrested over alleged bribe taking
HCMC – Luong Minh Tu, 43, director of the 60-04D auto inspection and testing center in the southern province of Dong Nai, and 10 others have been charged with taking tens of billions of dong in bribes. The Dong Nai police today, January 20, detained Tu and two deputy heads of the center – Le […]
Shoppers swarm stores as Tet comes
HCMC – As the Lunar New Year holiday, or Tet, has just two days to go, a festive atmosphere can be felt on the streets across HCMC. Supermarkets have attracted huge crowds of shoppers who want to do the last-minute shopping to stock up on enough food and snacks for Tet for family and friends. […]
The dearth of new orders
Vietnam’s export revenue shot up to a record high last year despite global economic uncertainties. However, anxiety has quickly emerged as new orders have begun to plunge. Bright prospect for Vietnam’s exports Figures released by the General Department of Vietnam Customs showed that import and
Momentum to retain economic vibrancy
Industrial production and commercial-service activity fell sharply as 2022 came to a close, indicating a daunting year ahead for HCMC’s economy. Amid mounting challenges, internal momentum in the city’s core industries seems to be essential to retain its economic vibrancy. Evaluating economic
Central bank caps 2023 credit growth at 15%
HCMC – The State Bank of Vietnam (SBV) will cap credit growth at 14-15% this year to maintain macroeconomic stability and boost economic growth. Monetary policy is subject to change depending on specific market conditions, according to a recent directive of the SBV, the country’s central bank. The
ACV told to set new bidding criteria for Long Thanh airport terminal
HCMC – The Ministry of Transport has told the Airports Corporation of Vietnam (ACV) to set new criteria on costs and completion schedule to select qualified and experienced contractors for the Long Thanh airport terminal project. The ministry’s move came after a proposal was made by the Vietnam
A delicious Tet
Spring is in the air and yes Tet is just around the corner! The Vietnamese Lunar New Year comes our way early this year, on January 22. It’s a joyous occasion as families and friends, near and far, gather to re-connect, celebrate and usher in the new year. Amid all the festive preparation, why not
