Ministry proposes canceling funding plans over disbursement delays
HCMC – As disbursements remain slow and adversely affect Vietnam’s rebounding economy, the Ministry of Finance has proposed canceling the use of public capital sourced from foreign loans under the law on public investment if the money is not fully disbursed this year. Disbursements of public funds
HoREA asks for credit expansion by year-end
HCMC – The HCMC Real Estate Association (HoREA) has written to the prime minister and the State Bank of Vietnam proposing a national credit growth expansion of 1%, equal to VND100 trillion. In its letters, HoREA said it is time that the central bank raised the credit growth limit, as businesses
Binh Duong plans to build engineering supporting industrial zone
HCMC – The southern province of Binh Duong has inked a cooperation memorandum with Truong Hai Auto Corporation (THACO) for the establishment of an engineering supporting zone costing VND26,000 billion. Binh Duong Province and THACO will begin launching the project in 2023, with the provincial
International trade fair kicks off in HCMC
HCMC – The 20th Vietnam International Trade Fair, Vietnam Expo 2022, opened at the Saigon Exhibition and Convention Center in HCMC’s District 7 on December 1, featuring 550 booths with more than 520 enterprises from 20 countries and territories. The three-day event consists of a series of
PM seeks crackdown on housing and bond fraud
HCMC – Prime Minister Pham Minh Chinh has ordered a clampdown on irregularities in the corporate bond and real estate markets, although it could affect market sentiment. The Prime Minister was speaking during a government meeting held Thursday morning, December 1. According to Chinh, rapid and
HCMC’s foreign investment approvals up 3.3%
HCMC – As of early December, HCMC’s total foreign investment approvals had reached US$3.54 billion, up 3.3% year-on-year. The municipal authorities have so far this year approved 807 new foreign-invested projects with total pledged capital of US$477.7 million. Remarkably, there are 304 projects in
HCMC reports strong economic growth this year
HCMC – HCMC’s gross regional domestic product is estimated to rise by over 9% this year, well above the target of 6%-6.5%, showing the city’s strong post-Covid recovery, heard a conference held by the Standing Board of the HCMC Party Committee on November 30. All the three main pillars of the
Small steps can create giant leaps in sustainable development
HCMC – Enterprises striving for sustainable development should begin with sustainable business practices as small steps can create giant leaps, panelists said at a seminar themed “Investment for Value” yesterday morning, November 30. The seminar was part of the Saigon Times CSR 2022 Merit
Government plans to rearrange state-owned enterprises till 2025
HCMC – Deputy Prime Minister Le Minh Khai has signed a decision approving a plan of rearrangement of state-owned enterprises for the period of 2022-2025 in the form of one-member limited company, equitization, re-arrangement and divestment. Accordingly, the Government will equitize 19 enterprises
HCMC to offer favorable conditions for Japanese businesses
HCMC – The HCMC government has sought to offer business incentives and enhance cooperation with Japanese investors on the city’s development initiatives of e-commerce, logistics, retail, trade and automation industry, among others. The information was given during the annual roundtable conference
HCMC water environment improvement project requested for the third extension
HCMC – The Ministry of Planning and Investment has written to the prime minister proposing approving the revised investment policy for the Water Environment Improvement Project in HCMC in the river basin of Tau Hu – Ben Nghe – Doi – Te (phase 2), pushing back the project’s completion date to
Compensation rates proposed for land along Beltway No. 3
HCMC – The HCMC Department of Natural Resources and Environment is expected to set compensation rates for households affected by the Beltway No. 3 project, which would range from VND18.7 million to VND40.1 million per square meter. The department has just written to the HCMC management board for
