Fuel prices fall slightly
HCMC – Domestic fuel retail prices were adjusted down by VND70-500 per liter or kilogram today, December 21, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON 95-III gasoline now sells for VND20,700 per liter, down by VND500 and the price of E5 RON
Real estate transfer tax revenue double in 2022
HCMC – Vietnam has seen a surge in revenue from real estate transfer taxes this year even though the market has almost ground to a halt due to liquidity problems. In its report on the budget collection of the tax sector, the General Department of Taxation said revenue generated by taxes on
Veggie, fruit imports top US$1.8 billion
HCMC – Vietnam had spent US$1.87 billion importing vegetables and fruits in the year through November, soaring 39% year-on-year, and is expected to buy more to meet the surge in demand during the Lunar New Year, according to the General Department of Vietnam Customs. Of the amount, apples had come
HCMC’s fine dust, noise pollution levels surpass safety limits
HCMC – Health experts have raised an alarm as HCMC’s noise and fine dust pollution exceeds safety thresholds and threatens to cause respiratory ailments and hearing loss, as well as worsens background diseases. Data collected by the city Department of Natural Resources and Environment indicated
US$6.8 billion in remittances forecast to flow to HCMC this year
HCMC – Incoming remittances to HCMC are estimated to reach some US$6.8 billion this year, according to Nguyen Duc Lenh, deputy head of the State Bank of Vietnam branch in HCMC. Growth in remittance flows to the city in 2022 could be lower than the 2021 figure, but remained robust amid global
Five scientists who invented Internet win US$3-million VinFuture prize
HCMC – Five international scientists who invented the Internet won the US$3-million VinFuture Grand Prize as announced at an award ceremony held in Hanoi City today, December 20. What the scientists – Timothy John Berners-Lee, Robert Elliot Kahn, Vinton Gray Cerf, David Neil Payne and Emmanuel
Year-end passenger traffic seen surging at Tan Son Nhat
HCMC – Passenger traffic is forecast to shoot up at the Tan Son Nhat International Airport in HCMC during New Year and Lunar New Year holidays. The airport is expected to receive 115,000 passengers during the New Year holiday and 130,000 during the Lunar New Year holiday, up 10% against the same
US$1.5-billion venture capital pledged to Vietnam
HCMC – Thirty-nine venture capital funds committed a combined US$1.5 billion to Vietnam in the 2023-2025 period during the Vietnam Venture Summit 2022 in Hanoi yesterday, December 19. The event was held by Vietnam’s Ministry of Planning and Investment and co-organized by the National Innovation
U.S. announces new contract for Bien Hoa airbase dioxin clean-up project
HCMC – The United States Agency for International Development (USAID) has announced a new contract worth some US$29 million to begin the next stage of the dioxin clean-up project at the Bien Hoa Air Base. USAID issued the four-year contract for civil works to Vietnamese firm VINA E&C
Vietnam’s forest product exports hit record this year
HCMC – The export value of Vietnamese forest products is estimated to reach US$16.5 billion in 2022, up 4% over the same period last year, resulting in a trade surplus of around US$13 billion, according to the Ministry of Agriculture and Rural Development. Despite woes being caused by the
Trade remedy cases against Vietnam’s exports rise rapidly
HCMC – Vietnam had recorded 224 cases subject to the trade remedies of other countries in the year to October, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. For the trade remedy cases, 26 were reported from 2005 to 2010 and 52 in 2011-2015, while
Contractors chosen for North-South Expy’s two bidding packages
HCMC – Project Management Unit No. 7 under the Ministry of Transport has chosen two consortiums of contractors for the bidding packages of the Chi Thanh-Van Phong and Van Phong-Nha Trang sections of the second-phase North-South Expressway. The VND4.4-trillion package of the Chi Thanh-Van Phong