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
In the tourist season, how is the real estate market in Da Nang?
Although the supply of most real estate products in Da Nang is very scarce, the liquidity ratio is still extremely low.
WinCommerce launches a supermarket of more than 2,000 square meters in Hanoi
WinCommerce upgraded WinMart Thang Long supermarket (72 Tran Dang Ninh, Cau Giay) according to a new experience model, with European style, open to welcome customers from June 23.
Banks lower deposit interest rates further
HCMC – State-owned and private banks have recently lowered their deposit interest rates in response to the decision by the State Bank of Vietnam (SBV) to further decrease deposit rates and key interest rates on June 16. Last week, four state-owned commercial banks, including Vietcombank,
Work begins on Beltway 4 in Hanoi
HCMC – Work has begun on the Beltway No. 4 project in the Hanoi City region, which will connect the capital and neighboring provinces. Speaking at the groundbreaking ceremony yesterday (June 25), Prime Minister Pham Minh Chinh said, “Vietnam has made significant strides in expressway development.
