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
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
Investigators propose filing charges against 17 HCMC tax officials
HCMC – Investigators at the Ministry of Public Security have proposed pressing charges against 17 officials of the HCMC Tax Department for a lack of responsibility and supervision. Investigators earlier issued a conclusion on an expanded probe into Thuduc House, the tax department and other
Business-matching conference series kicks off in HCMC
HCMC – A series of business-matching conferences between HCMC and other localities kicked off at the Phu Tho Indoor Sports Stadium in HCMC yesterday afternoon, November 17, according to the local media. It comprises 500 booths of over 1,000 enterprises from 42 provinces and municipalities. Among
Sleeper buses may be banned from inner-city roads in mid-December
HCMC – The HCMC Department of Transport wrote to the HCMC People’s Committee today proposing banning sleeper buses from entering inner-city areas from 6 a.m. to 10 p.m. from December 15. The proposal comes as the city is struggling to deal with the rise in illegally established interprovincial bus
HCMC businesses to recruit 43,000 workers in run-up to Tet
HCMC – The demand for new employees in HCMC is estimated to reach 43,000 in the last two months of this year, said Nguyen Van Lam, deputy director of the HCMC Labor, Invalids and Social Affairs Department. Job vacancies are mainly in the commerce-service and consumer goods fields, textile,
HCMC proposes three options for Beltway 4 direction
HCMC – The HCMC Department of Transport has proposed three options for the direction of the Beltway No. 4 project in the city to reduce site clearance and construction costs. The options have been sent to the HCMC People’s Committee for consideration after public-private partnership (PPP) has been
Flood tides threaten HCMC’s low-lying areas
HCMC – The low-lying areas in HCMC are predicted to suffer flooding as flood tides on rivers and canals rise slowly to high levels from November 7 to 10, according to the local authority. Water levels at stations downstream of the Saigon River and Dong Nai River will swell slowly in the next two
HCMC’s economy faces headwinds
HCMC – Global economic uncertainties and irregularities involving several local businesses are headwinds for the economy of HCMC, the country’s economic center, said officials and experts. These headwinds might affect the city’s economic recovery plan this year, they said at a meeting on the
HCMC’s Jan-Oct budget revenue beats estimate
HCMC – HCMC’s budget revenue totaled nearly VND393 trillion between January and October, exceeding the year’s estimate by 1.6% and rising 22.33% year-on-year, according to the HCMC Department of Finance. Of the total, domestic sources accounted for VND254 trillion, meeting 97.88% of the full-year
Fuel company director in HCMC arrested for diesel theft
HCMC – The police have pressed charges against the director of Phuc Tho Petroleum Transport Trade Company Limited in HCMC, Nguyen The Hung, and his two subordinates for stealing 80 tons of diesel oil. A further investigation has been carried out to clarify signs of fuel theft and smuggling and