HCMC real estate market shows signs of improvement: experts
HCMC – Local experts are hopeful for a potential but gradual rebound of the real estate market in HCMC. Since May, the outlook for the city’s housing sector has brightened due to three interest rate cuts by the central bank and policy responses from the Government, according to the Vietnam News
Government urges nationwide power savings
HCMC – In response to severe electricity shortages in the north of the nation, the Government is calling upon households and companies to take energy-saving measures. Deputy Prime Minister Tran Hong Ha recently signed a directive aimed at enhancing electricity savings in the 2023-2025 period and
NA deputies back new special mechanism for HCMC
HCMC – HCMC, as a special-class city, requires corresponding policies, according to the National Assembly (NA) deputies. The NA General Secretary, Bui Van Cuong, said that HCMC has the largest population and the highest economic growth in the country, contributing 27% to the State budget revenue
Car sales may remain lackluster despite fee cut: Finance Ministry
HCMC – The Government has approved a proposal to reduce the registration fee for domestically manufactured automobiles by 50%. However, the Ministry of Finance has predicted that the fee cut may not have the desired impact. The Ministry of Finance, along with relevant agencies, has been tasked
Vietnam’s e-commerce exports may hit VND296 trillion by 2027
HCMC – The rapid growth of global e-commerce presents a valuable opportunity for Vietnam to tap into foreign markets, with the nation’s e-commerce exports projected to reach VND296.3 trillion by 2027. Research conducted by Access Partnership highlights that micro, small, and medium enterprises
HCMC-Trung Luong Expressway to be expanded to 10 lanes
HCMC – The Mekong Delta province of Tien Giang has approved a plan to expand the HCMC-Trung Luong Expressway from six lanes to 10 lanes, with an investment of nearly VND10 trillion, according to the local media. This 40-kilometer-long expressway currently has four traffic and two emergency lanes.
Housing prices in HCMC 32.5 times higher than average household income
HCMC – For individuals with middle and lower incomes, owning a home in a major city like HCMC is an unattainable dream, as housing prices are 32.5 times higher than the average income of a Vietnamese household. According to a report released by the Urban Land Institute (ULI), home prices in HCMC
U.S. considers anti-dumping investigation of paper shopping bags imported from Vietnam
HCMC – The U.S. Department of Commerce (DOC) has received a request to initiate an anti-dumping investigation of paper shopping bags imported from Vietnam, said the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. The Coalition for Fair Trade in Shopping Bags of the
FPT for the 11th time in the Top 50 best-listed companies
FPT Corporation has a net revenue of VND 44,009 billion, achieved many bright spots in growth, and was ranked in the Top 50 best-listed companies by Forbes Vietnam.
Northern Vietnam faces power blackouts
HCMC – Many parts of northern Vietnam are currently experiencing power outages due to a shortfall in electricity generation, reported the local media. Speaking at a press conference in Hanoi on June 7, Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam, said that hot
VAT cut proposed for extension until late 2024
HCMC – A majority of National Assembly (NA) deputies have expressed their support for extending the value added tax (VAT) cut to boost demand and provide much-needed assistance to households and businesses at a time of economic hardships. According to the NA Office, deputies’ feedback on the VAT
Tan Son Nhat to handle 24 million passengers in summer
HCMC – Tan Son Nhat International Airport in HCMC is looking to handle nearly 24 million passengers in the summer from June to August this year. The airport said in a statement that over 150,000 flights have been scheduled for this period, a 6.6% year-on-year increase. To ensure smooth operations,
