Vietnam records strong export growth
HCMC – The country’s export revenue had amounted to US$700 billion in the year to mid-December, surpassing 2021’s record high of US$668.5 billion, according to the Ministry of Industry and Trade. Between January and November, Vietnam’s foreign trade reached around US$674 billion, with a trade
HCMC sets 2023 budget collection of VND470,000 billion
HCMC – HCMC plans to obtain revenue of VND470,000 billion in 2023, up 21% from this year, according to a resolution on the state budget collection estimate and HCMC’s expenditure next year. In the eighth session of the 10th-tenure HCMC People’s Council, HCMC is set to collect VND1,287 billion
Vietnam, Cambodia bolster investment, trade
CAN THO – Vietnam and Cambodia have sought to strengthen their bilateral cooperation in trade and investment, particularly with potential projects in the Mekong Delta city of Can Tho. The information was given during a Vietnam-Cambodia trade and investment cooperation conference in Can Tho City
HCMC prepares 34,000 tons of goods for Tet shopping season
HCMC – The HCMC Department of Industry and Trade and relevant agencies are working together to arrange around 34,000 tons of goods worth approximately VND20 trillion as part of the city’s price stabilization program to serve the upcoming Lunar New Year, or Tet. Bui Ta Hoang Vu, director of the
Vietnam Airlines resumes regular flights to China
HCMC – Vietnam Airlines has restarted its regular commercial flights to China since today, December 9, as the country began to ease its Covid-19 restrictions, according to the local media. Its flight departing from HCMC to Guanzhou, China, at 9:55 a.m. this morning marked the resumption of
Fuel supply enough for Lunar New Year consumption
HCMC – Given the current volume of fuel imports and stockpiles, Vietnam has enough fuel supply to satisfy the increasing demand during the Lunar New Year 2023, Trinh Quang Khanh, vice president of the Vietnam Petroleum Association said on December 8. The country’s two oil refineries, Binh Son and
HCMC cancels 169 long-delayed housing projects
HCMC – Cracking the whip against delayed projects, HCMC canceled 169 out of 357 long-delayed housing projects. At the eighth session of the 10th-tenure HCMC People’s Council, Nguyen Toan Thang, director of the Natural Resources and Environment Department, said that the department had joined hands
Digital tech product exports forecast at US$136 billion
HCMC – Vietnam’s digital technology product exports are estimated to gain US$136 billion this year, indicating the role of digital technology in the country’s renovation and creativity. The fourth national forum on the development of digital technology companies in 2022 began in Hanoi on December
Bac Ninh seeks approval for elevated railway
HCMC – The northern province of Bac Ninh is seeking the prime minister’s approval for developing the Lim-Pha Lai railway on a viaduct instead of on the ground as planned to optimize the use of urban land. The Bac Ninh government said that building the Lim-Pha Lai rail route on the ground could
Steel sales plunge to two-year low
HCMC – Vietnam’s steel sales in October slid to a two-year low amid the woes faced by the real estate industry. The country’s steel production topped two million tons in October, down 16% month-on-month and 29% year-on-year, while sales stood at around 1.9 million tons, a decline of 29% over the
HCMC proposes increasing land price coefficients in 2023
HCMC – The government of HCMC has proposed revising up the coefficients for land prices by a notch to 2.5-3.5 during a meeting held yesterday, December 7. The coefficients are set by provincial-level authorities, used for land price calculation and revised annually based on the local real estate
European businesses plan investment expansion in Vietnam
HCMC – European businesses are looking forward to growing operations in Vietnam in a range of sectors, according to the European Chamber of Commerce in Vietnam (EuroCham). According to a recent EuroCham analysis, half of the enterprises polled remain optimistic about Vietnam’s economic recovery,
