S.Korea is Vietnam’s biggest tourism source market in January
HCMC – South Korea became Vietnam’s biggest tourism source market in January, accounting for one-third of all international tourist arrivals. Among the 871,000 international tourists who came to Vietnam in January, South Korea accounted for 258,946. The U.S. came in second with 77,897 visitors,
Land fee reduction to continue through 2023
HCMC – The Government has decided to extend the 30% land use fee reduction for businesses, households and individuals affected by Covid-19 throughout this year. The Government issued Resolution 07 yesterday, January 30, which enables Covid-19 impacted businesses, households and individuals who
More property firms exit market in 2022
HCMC – The number of real estate enterprises that pulled out of the market in 2022 soared by some 40% year-on-year, according to data from the Agency for Business Registration. Negative cash flows and higher prices of building materials sent many property firms into a tailspin, said the Ministry
Prenn Pass leading to Dalat to be closed for expansion
HCMC – Vehicles will be banned from using the seven-kilometer-long Prenn Pass to travel to Dalat City as work on the pass upgrade and widening project begins on February 6. The Lam Dong Department of Transport today, January 30, announced the closure of an 8-km section of National Highway 20
Vietnam has trade surplus of over US$3.6 billion in January
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office. Exports amounted to over US$25 billion in the month, down 13.6% month-on-month and 21.3% year-on-year. Imports were put at US$21.5 billion, down a steep 21.3% against December 2022 and
PM wants My Thuan 2 Bridge completed ahead of schedule
HCMC – Prime Minister Pham Minh Chinh has asked the investor and contractor of the My Thuan 2 Bridge project to complete the bridge over the Tien River in Tien Giang Province in September this year, three months earlier than the previous plan. The Government leader today, January 30, issued an
HCMC takes lead in FDI attraction in 2022
HCMC – Fresh foreign direct investment (FDI) approvals in HCMC last year amounted to US$3.94 billion, up 5.4% year-on-year, said HCMC Chairman Phan Van Mai. Therefore, the city emerged as the largest recipient of FDI among 63 cities and provinces nationwide. Mai told Phap Luat Online newspaper
Nearly 43,900 businesses pull out of market in January
HCMC – Some 43,900 businesses have withdrawn from the local market in the year to date, up 14.4% year-on-year, according to the Agency for Business Registration under the Ministry of Planning and Investment. Of these firms, nearly 35,000 have temporarily suspended their operations, up 19.6% versus
New FDI approvals down in Jan
HCMC – New foreign direct investment (FDI) approvals had totaled US$1.69 billion in the year till January 20, down 19.8% over the same period last year, according to the General Statistics Office. There were 153 new projects with total registered capital of US$1.2 billion approved, increasing
Transport Ministry backs Binh Phuoc’s airport plan
HCMC – The Ministry of Transport has thrown its weight behind Binh Phuoc Province’s proposal to convert its military airfield in Hon Quan District into a specialized airport. The ministry said on January 27 that the airport would serve both military and civil purposes, contributing to the southern
Vietnam’s CPI up in January
HCMC – Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported. The surge was attributed to
Int’l tourist arrivals in Vietnam skyrocket in Jan
HCMC – Over 871,000 international tourists have come to Vietnam in the year to date, surging by 44.2-fold year-on-year, according to data of the General Statistics Office. This month’s international tourist arrivals are up by 23.2% against the previous month, the local media reported. However, the