Gov’t proposes adding birthplace field to Vietnam’s new passports
HCMC – The Ministry of Public Security (MPS) has presented to the National Assembly a proposal for adding the place of birth (POB) field to the personal identification page of newly designed passports. On November 7, Minister of Public Security To Lam presented to the National Assembly the
Vietnam aims for 100 more golf courses by 2025
HCMC – Vietnam aims to double the number of golf courses to 200 by 2025 to boost the country’s golf tourism and attract international golfers. The country now has about 100 golf courses, Nguyen Trung Khanh, head of the Vietnam National Administration of Tourism, told a recent meeting with Paul
Enterprises fret over economic turbulence
The exchange rate and market volatility, alongside inflation, have been challenging many enterprises in Vietnam regarding domestic consumption and import-export management. A plunge of consumption In early October, Chu Thi Hong Lieu, a small delicacy trader, said that consumption dropped by
Coffee knows no borders
Coffee is a global beverage and knows no borders. As Vietnam continues re-opening its doors to the world post-Covid, its famous coffee is finding new partners and innovators. Daniele Melito is a prime example. Originally from Rome, the Italian has been based in HCMC for the last three years,
Banks’ optimistic quarterly growth
Bank stocks continue to lag despite lenders posting positive profit growth. A bright picture The National Citizen Commercial Joint Stock Bank (NCB) reported a before-tax loss of VND199 billion in the third quarter, while it earned VND80 billion in the same period last year. The loss resulted from
Wise moves needed
The bond market has continued deteriorating since leaders of Tan Hoang Minh Group and Van Thinh Phat Holdings Group Corporation were detained Bond issues plunge Attention has centered on the corporate bond market lately as buyers were concerned over the liquidity of the bonds they bought.
Shipping firms report hefty profits in Jan-Sept
HCMC – Many sea transport service providers booked huge profits between January and September, driven by the robust transport demand. In the first nine months, PetroVietnam Transportation Corporation made over VND1 trillion in pretax profit, beating its full-year target by 72%. In the third
HSBC: Vietnam’s inflation looms large
HCMC – Inflation has surpassed Vietnam’s target despite the country’s efforts to keep it under control, according to HSBC Global Research. The State Bank of Vietnam, the central bank of the country, continued to hike discount and refinancing rates by 100 basis points to 4.5% and 6% on October 25
Indian tourist arrivals in Vietnam surge
HCMC – Vietnam attracted 20,681 tourists from India in October this year, up 38% month-on-month and 25.8% over the same period in 2019, according to statistics from the General Statistics Office of Vietnam. Since July 2022, Indian tourist arrivals each month have surpassed the monthly average in
Sleeper buses likely to be banned from HCMC’s inner-city areas
HCMC – The HCMC Department of Transport has proposed barring sleeper buses from entering the inner-city areas to help shut down unlicensed coach stations and reduce traffic congestion, said a city transport official. The Transport Department has already asked other departments and relevant
Central bank pumps more money into system
HCMC – The State Bank of Vietnam (SBV) yesterday, November 3, injected some VND5,000 billion into the banking system via open market operations for a 14-day term without any withdrawals. This marked the second consecutive injection into the system, following VND15,522 billion on November 2. On the
Vietnam plans to upgrade status of stock market
HCMC – Vietnam looks to upgrade the status of its stock market from frontier to emerging before 2025, the Ministry of Finance said. The ministry is seeking the prime minister’s approval for a draft strategy for stock market development until 2030. According to the draft, the stock market
