Steel prices soar three consecutive times in January
HCMC – Domestic steelmakers late last month announced to hike prices, the third spike of the month, reported the local media Domestic steelmakers adjusted up steel prices by VND300,000 – VND700,000 a ton on January 30 to over VND16 million a ton, but the new level is still over VND2 million lower
State Treasury to auction VND400 trillion G-bonds this year
HCMC – The Vietnam State Treasury (VST) has announced a plan to auction VND400 trillion worth of government bonds on the Hanoi Stock Exchange this year. It will raise VND108 trillion from sales of G-bonds with different maturities in the first quarter, including five-year and seven-year bonds
Labor market recovers after Tet
HCMC – Vietnam’s post-Tet labor market is seen recovering in the first quarter of this year, with a surge in hiring demand in labor-intensive industries such as footwear, apparel, manufacturing and services. Job placement centers in HCMC and Hanoi are striving to match job supply with demand. The
Tourism revenue reaches VND46 trillion in January
HCMC – Vietnam’s tourism industry generated around VND46 trillion in revenue this January, with a surge in domestic and international tourist numbers, according to the Vietnam National Administration of Tourism. Vietnam attracted around 13 million domestic tourists in January, nearly 1.6 times
Over 32% of apparel firms remain closed in Hanoi
HCMC – Nearly a third of textile and garment firms have yet to reopen in Hanoi although the Lunar New Year holiday has ended. Over 83% of businesses in Hanoi reopened on January 27, with nearly 95% of their employees returning to work, the Hanoi Confederation of Labor reported. The number rose to
Ba Ria-Vung Tau speeds up land clearance for Bien Hoa-Vung Tau expy
HCMC – Site clearance and technical infrastructure relocation for the Bien Hoa-Vung Tau expressway project are being expedited, said Nguyen Cong Danh, deputy head of the Cai Mep-Thi Vai management board of traffic projects, the investor of the project. The project will affect over 1,240 households
Over VND638 trillion of public investment for 2023 allocated
HCMC – More than VND638 trillion in public investment capital for this year has been allocated, reaching over 90% of the target set by the Prime Minister, according to a Ministry of Finance report. The ministry said in the report that the total amount of capital earmarked for public investment in
Int’l cruise ships return to Vietnam post pandemic
HCMC – Many cruise ships have begun carrying foreign passengers to Vietnam, particularly during the Lunar New Year holiday, or Tet, signaling the recovery of international tourism after more than two years of declining due to the Covid-19 pandemic. The number of ships arriving in Vietnam in the
HCMC proposes six BOT road projects worth VND100 trillion
HCMC – The HCMC Department of Transport has proposed developing six projects to widen and upgrade existing roads under the build-operate-transfer (BOT) format with a total cost of VND100 trillion. Under the Law on Public-Private-Partnership Investment, the BOT format is only used for building new
Real estate sector’s debt hits VND1,200 trillion
HCMC – Outstanding loans in the real estate sector have topped VND1,200 trillion, according to the Ministry of Construction. As of December 31, 2022, the sector had owed nearly VND800 trillion to banks, while real estate bonds amounted to VND419 trillion. In 2022 alone, property firms took out
Quang Ninh targets US$1 billion of FDI in 2023
HCMC – The northern province of Quang Ninh looks to attract at least US$1 billion in foreign direct investment (FDI) into industrial parks and economic zones this year. To realize the FDI attraction target, the province will focus on measures to woo investors from particular regions and markets;
UK imports from Vietnam in 2022 put at over US$6 billion
HCMC – United Kingdom (UK) imports from Vietnam amounted to US$6.06 billion last year, rising by 5.2% over 2021, according to the General Department of Vietnam Customs. Phones and phone parts were Vietnam’s biggest export earner to the UK, at US$1.13 billion, accounting for 18.7% of the total.