Vietnam imports 6,300 autos in first half of January
HCMC – Vietnam’s automobile imports totaled 6,306 units between January 1 and 15, with a total value of US$161 million, according to the General Department of Vietnam Customs. Vehicles with nine or fewer seats accounted for 91.6% of the total in value and 85.1% in volume. The rest included bigger
SBV seen buying up to US$12 billion in 2023
HCMC – KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year to shore up the country’s foreign reserves. The SBV, the nation’s central bank, bought around US$2 billion on January 11 and 13 when the dollar-dong
PM urges banks to help struggling realty market out
HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing the real estate sector. Banks should eliminate the hindrances of home sellers and buyers to boost property development, the prime minister said at a meeting with
Vietnam among world’s top 10 remittance receivers
HCMC – Vietnam is now among the top 10 countries for receiving the most remittances in the world as money transfers from overseas rose nearly 5% last year and are expected to increase by 3.6-4.5% this year, according to the World Bank. A report from the World Bank and KNOMAD showed that
Int’l tourist arrivals in Vietnam surge during Tet
HCMC – Vietnam saw a surge in international tourist arrivals during the Lunar New Year (Tet) holiday from January 21 to 26, with hotel bookings by foreign guests accounting for 30-40% of the total. Hanoi got an estimated 32,000 international guests during the period, with most of them from South
Dien Bien Airport to be temporarily closed for upgrade
HCMC – Dien Bien Airport in the mountainous province of Dien Bien will cease operations over a period of six to seven months beginning end-March for an upgrade, according to the Airports Corporation of Vietnam (ACV). The airport’s fencing system is expected to be completed by June, while the
Auto testing centers nationwide resume operations today
HCMC – Vehicle inspection and registration centers reopened nationwide this morning, January 27, to meet the high demand of auto owners after the Lunar New Year holiday, or Tet, according to Vietnam Register. As the demand for auto testing remains high, Vietnam Register decided to reopen auto
Nguyen Hue Flower Street attracts over 1.2 million visitors
HCMC – The eight-day Nguyen Hue Flower Street 2023 exhibition closed yesterday, the fifth day of the first lunar month, with over 1.2 million Tet revelers visiting, a 20-year high. Organized on the occasion of the Lunar New Year (Tet), the 20th flower street was a day longer than in the previous
Int’l cruise ship brings nearly 2,400 guests to BR-VT
HCMC – The Malta-flagged passenger cruise ship Mein Schiff 5 arrived at the SP-PSA port in Ba Ria-Vung Tau Province early this morning, January 26, bringing 2,370 international guests to the southern coastal province. This is the first international cruise vessel that has come to Ba Ria-Vung Tau
Tan Son Nhat passenger numbers at record highs
HCMC – Around 145,000 travelers are expected to pass through the Tan Son Nhat International Airport in HCMC on January 26, the fifth day of the Lunar New Year (Tet) and the final day of the Tet holiday. the highest daily passenger traffic volume during the holiday. According to the Southern
Dung Quat refinery operates at 110% capacity during Tet
HCMC – Binh Son Refining and Petrochemical Joint Stock Company (BSR), the operator of Dung Quat Oil Refinery in the central coastal province of Quang Ngai, has kept the refinery running at 110% capacity over the Lunar New Year holiday, or Tet. BSR, a PetroVietnam subsidiary, produces 590,00 tons
Approval for three components of HCM Highway expected soon
HCMC – Approval for three more components of the Ho Chi Minh Highway project is forthcoming and when they are finished, the cross-country road will be complete, according to the Ministry of Transport. For the Cho Chu-Trung Son T-junction component, its investment proposal has been appraised, while