Real estate sector still in distress
HCMC – The real estate sector is not yet out of the woods as the number of newly established real estate firms and their registered capital has dropped to less than half of the figures recorded in the first half of last year. The number of enterprises entering the market and the newly registered
FDI disbursements rise slightly in January-June
HCMC – The disbursement of capital from foreign direct investment (FDI) projects in the first half of this year has reached US$10.02 billion, showing a modest increase of 0.5% compared to the same period last year, according to the Ministry of Planning and Investment. After experiencing
Hydroelectric reservoirs above extremely low levels
HCMC – Water levels of hydroelectric reservoirs in northern Vietnam have improved, backed by sustainable water flows, reported the local media. On June 27, all hydropower plants in the north, including Tuyen Quang, Son La, Lai Chau, and Hoa Binh, reported their reservoirs ranging from eight to 22
Livestreaming on TikTok helps promote and sell specialties of Bac Giang, earning VND 1.2 billion within 4 hours
On the morning of June 24, in Hong Giang commune, Luc Ngan district, Bac Giang province, more than 40 KOLs (key opinion leaders) on the TikTok platform conducted livestreams to promote and sell typical products of the province, such as strawberries, mie chue noodles, La Sauce, cordyceps, and many
SBV asks Eximbank to ward off interest groups
HCMC – The inspection and supervision body under the State Bank of Vietnam (SBV) has requested to Eximbank to exercise caution and integrity in its management and operations to ward off interest groups. In document No. 2666 sent to Eximbank, the inspection and supervision body urged the board
Can Gio transshipment port expected to generate VND40 trillion annually
HCMC – The Can Gio international transshipment port project in Can Gio District, HCMC is expected to contribute annual revenue of VND34 trillion to VND40 trillion to the State budget, according to the HCMC Department of Transport. The estimate is part of a study conducted for the Can Gio port
PM Chinh meets President Xi in Beijing
HCMC – Prime Minister Pham Minh Chinh today, June 27, met Party General Secretary and President of China Xi Jinping in Beijing. PM Chinh is in China for an official visit to the neighboring country and for the World Economic Forum (WEF) conference from June 25 to 28. Speaking at his meeting with
Long An attracts US$470 million in FDI
HCMC – The Mekong Delta province of Long An has attracted foreign direct investment (FDI) worth US$470 million in the year to date. This includes the issuance of investment certificates to 39 FDI projects valued at over US$408 million, an increase of 15 projects and a capital increase of US$162
VAT cut to affect price controls on some goods and services: VCCI
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has raised concerns that the reduction of value added tax (VAT) will impact the prices of certain goods and services that are subject to government price controls, if detailed guidance is not provided. The Government currently applies
Can Gio Port: Another Vietnamese 'white elephant'?
Will Can Gio international transit port now become a "white elephant" or a trap for investors to squeeze Vietnam's preferential policies?
Can Gio Port in Vietnam is expected to bring in $2,000,000 per year
According to Ho Chi Minh City Ministry of Transport data, when Can Gio Port Vietnam is operating at full capacity, it will contribute a budget of 3400-400 billion VND annually to create jobs for tens of thousands of people.
Vietnam, China to strengthen ties for peace, stability
HCMC – The heads of government of Vietnam and China have discussed solutions to strengthen bilateral relations and agreed to foster the comprehensive strategic partnership between the two countries. The statement was given during a meeting between Vietnamese Prime Minister Pham Minh Chinh and his
