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,
Budget collection from real estate sector slows in H2
HCMC – Though the tax revenue from the real estate industry has exceeded the year’s goal, it has kept sliding since June. According to General Department of Taxation data, revenue from housing and land in the year to November had accounted for 17.2% of the total tax collection, at over VND222.6
Provinces set to launch price stabilization programs ahead of Tet
HCMC – Many provinces and cities in Vietnam will launch price stabilization programs in in the lead up to the Lunar New Year 2023 holiday at a total cost of trillions of Vietnamese dong. The Lunar New Year holiday is a special time for family reunion, which always drives up the demand for
HCMC wants 17 public-invested projects suspended
HCMC – The HCMC People’s Committee has proposed suspending 17 long-delayed public-invested projects to save over VND1,400 billion for more important ones. On December 7, the HCMC People’s Council began its eighth and year-end session to review and discuss key factors for the city’s development. As
Thu Duc needs new mechanism for development
HCMC – Despite its huge development potential, Thu Duc City still faces numerous outstanding issues and obstacles; therefore, the city needs to be granted a special mechanism for development, according to the Institute for Policy Research and Media Development (IPS). Asynchronous infrastructure
Vietnam imports nearly US$190 million of pork in Jan-Oct
HCMC – Vietnam had imported 89,000 tons of pork products worth US$189.02 million in the year to October, contracting over 34% in volume and nearly 40% in value year-on-year, according to the Foreign Trade Agency under the Ministry of Industry and Trade. In October alone, the country spent some
Can Tho looks to boost smart tourism
HCMC – Can Tho will enhance the application of artificial intelligence and virtual reality to deliver a better experience for tourists in the coming time, following the city successfully applying digital technology to the tourist information portal and the Can Tho e-tourism platform. During the
Ministry wants lowest environmental protection tax on fuels in 2023
HCMC – The Ministry of Finance has sought to keep the environmental protection tax on fuels at the lowest levels, proposing the Government submit a draft resolution to this effect to the National Assembly’s Standing Committee. The ministry prepared the resolution, which maintains the environmental
LG to invest US$4 billion in Vietnam
HCMC – LG intends to expand its Vietnam operations by investing US$4 billion in a manufacturing base for its smartphone camera modules, according to the Voice of Vietnam station. LG’s Chief Operating Officer Kwon Bong-Seok made the statement in Seoul on December 5 during a meeting with Vietnamese
Nearly 12,000 firms established in November
HCMC – November saw 11,943 new enterprises established nationwide with total pledged capital of VND104.49 trillion, rising by 0.3% in number but down 30.3% in capital year-on-year, according to the General Statistics Office. The new market entrants registered to employ 74,000 workers, falling by
Vietnam-U.S. trade reaches US$115 billion in Jan-Nov
HCMC – The January-November period saw two-way trade between Vietnam and the U.S. hitting some US$114.9 billion, surpassing the 2021 figure by US$5 billion, according to the Ministry of Industry and Trade. The U.S. remains Vietnam’s largest export partner. Overall revenue for the 11-month period
