HCMC closes 10 streets for New Year celebrations tonight
HCMC – Vehicles are not allowed to enter 10 streets in downtown HCMC this evening, December 31, due to the city’s New Year’s Eve celebrations, said the HCMC Department of Transport. The city will hold two 15-minute fireworks shows starting from midnight at two locations: the Saigon River Tunnel
VAT, fuel tax cuts proposed for extension
HCMC – Business associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and the environmental protection tax cut for fuel till the end of 2023. From January 1, 2023, many supporting policies for households and businesses will
Vietnam’s seaports handle 733 million tons of cargo in 2022
HCMC – Cargo throughput of Vietnam’s seaports in 2022 has amounted to 733.18 million tons, a 4% increase against 2021, said Hoang Hong Giang, deputy head of the Vietnam Maritime Administration. Exports have reached 179.07 million tons, down 3%, and imports have totaled 209.26 million tons, a 2%
Credit in HCMC grows 14%
HCMC – Lending to businesses, especially those active in priority fields, has risen since the central bank increased the credit growth limit for 2022. These businesses operate in agriculture, export, and supporting industries, and are mostly of small and medium size. Credit in HCMC expanded 1.4%
Over 3.3 million motorbikes made in Vietnam in 2022
HCMC – More than 3.3 million motorbikes have been made in Vietnam in 2022, according to the General Statistics Office. Data from the office showed that the volume of locally assembled motorbikes has expanded 9.9% over 2021. Over one million motorbikes were assembled in Vietnam in the fourth
Some 444,000 autos made in Vietnam in 2022
HCMC – Auto firms in Vietnam manufactured and assembled 39,700 units in December, taking the total this year to about 440,000, according to the General Statistics Office. The total number of vehicles produced in Vietnam, including those imported for assembly, has risen by 14.9% this year compared
HCMC’s GRDP grows over 9% in 2022
HCMC – HCMC’s gross regional domestic product (GRDP) has expanded 9.03% in 2022, according to the municipal Statistical Office. All three main components of the city’s economy have reported a rise. Specifically, the agro-forestry-fishery sector improved by 3.74%, the industry-construction sector
Vietnam targets eight million int’l tourists in 2023
HCMC – Vietnam looks to serve 110 million tourists next year, with eight million of them coming from abroad and 102 million from the home market, said the Vietnam National Administration of Tourism (VNAT). The country is expected to earn roughly VND650 trillion in tourism revenue in 2023, the
Vietnam enjoys trade surplus of US$11.2 billion this year
HCMC – A strong export performance sent Vietnam’s trade surplus to US$11.2 billion in 2022, according to the General Statistics Office. The country’s export revenue totaled US$371.85 billion this year, up 10.6% year-on-year. Domestic companies shipped goods worth US$95.09 billion, rising by 6.5%
Vietnam’s GDP growth at 11-year high in 2022
HCMC – Vietnam’s gross domestic product (GDP) expanded by an astounding 8.02% in 2022, the highest growth rate since 2011, according to the General Statistics Office. In the fourth quarter of 2022, the country’s GDP edged up by 5.92% year-on-year, slightly above the figures in 2020 and 2021. All
HCMC hands over 34 hectares of land to Beltway No. 3 project
HCMC – The government of Thu Duc City in HCMC today, December 29, handed over 34 hectares of cleared land to the My Thuan Project Management Board to develop the Tan Van-Nhon Trach section, called component 1A, part of the Beltway No. 3 project. The Tan Van-Nhon Trach section requires nearly VND7
VNA adds over 90,000 seats for upcoming Tet holiday
HCMC – Vietnam Airlines (VNA) has announced its third increase in flight frequency, offering an additional 500 flights, equivalent to over 90,000 seats, to satisfy the soaring travel demand during the upcoming Lunar New Year holiday, or Tet. The national flag carrier will operate these flights on