Deferment of excise tax payment allowed for local auto businesses
HCMC – The Government has issued Decree 36, allowing local auto manufacturers and assemblers to extend their payments of special consumption tax or excise tax until November of this year. Under the decree, local auto makers with outstanding special consumption tax amounts payable for the tax
Credit growth remains sluggish
HCMC – Outstanding loans in Vietnam had surpassed VND12.3 quadrillion in the year to mid-June, a 3.36% increase compared to December 2022 and a 8.94% rise against the same period last year. These figures were disclosed during a press conference held on June 21 by the State Bank of Vietnam (SBV),
S.Korean president arrives in Vietnam
HCMC – South Korean President Yoon Suk Yeol arrived in Hanoi this morning, June 22, starting a three-day state visit to Vietnam at the invitation of President Vo Van Thuong. It is Yoon’s first trip to Vietnam in his capacity as President of South Korea. Yoon is set to attend the official welcome
New 500 kV power line planned for northern region
HCMC – Vietnam will start building a new 500 kV power transmission line in 2025 to provide additional power for the northern region, said the Central Vietnam Power Projects Management Board. This project will facilitate the transmission of electricity from the southern and central regions to the
HCMC prepares plans to deal with HFMD outbreak
HCMC – The HCMC Department of Health has formulated three plans to effectively handle the increasing number of hand-foot-and-mouth disease (HFMD) cases in the city. Reports suggest that a significant portion, around 70% of cases, have originated from provinces such as An Giang, Tien Giang, Kien
Booming fruit and vegetable export orders to China
Orders to China boomed, and businesses expanded to new Vietnamese fruit and vegetable markets. This year's vegetable and fruit exports will reach 4.5 billion USD, even earning nearly 5 billion USD.
Hydropower plants report higher water levels
HCMC – Water levels at all hydropower reservoirs in Vietnam have risen above critically low levels, according to Vietnam Electricity (EVN). As of June 20, the reservoirs at Lai Chau, Son La, Ban Chat, and Tuyen Quang hydropower plants recorded levels ranging from 4 to 438 meters above the dead
Vietnam’s Q4 economic growth may improve better than expected: HSBC
HCMC – Vietnam’s economy is projected to perform better than expected in the final quarter of the year if the State Bank of Vietnam (SBV) continues to provide monetary policy support, according to a recent report by HSBC Vietnam. The report has revised the economic growth forecast for Q4 by 0.1%,
HCMC to use seaport fee revenue for key projects
HCMC – HCMC will use seaport infrastructure fee revenue to fund three major infrastructure projects in Thu Duc City. Tran Quang Lam, director of the HCMC Department of Transport, said on June 20 that VND2,700 billion would be sourced from seaport infrastructure fee collections to develop My Thuy
NA approves major road project in Khanh Hoa
HCMC – The National Assembly has approved a road project worth nearly VND2 trillion in Khanh Hoa Province to improve its connectivity with Lam Dong and Ninh Thuan. The majority of deputies present at the National Assembly session this morning, June 20, voted in favor of the project. The road will
Seafood exporters feel growing pinch
HCMC – Seafood exporters are facing even greater challenges than during the Covid-19 pandemic due to a significant drop in seafood prices and a decline in fresh orders. Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that Vietnam’s seafood exports between
Cao Xa station in Hai Duong proposed as int’l intermodal rail terminal
HCMC – Cao Xa Station in Hai Duong Province has been put forward by Vietnam Railways (VNR) to be developed into an international intermodal rail terminal, according to a proposal submitted to the competent authorities. During a recent meeting with Hai Duong authorities, VNR presented a plan to
