VNA resumes air service to Hong Kong
HCMC – Vietnam Airlines (VNA) has reopened regular flights between the capital city of Hanoi and Hong Kong to meet the high travel demand. The national flag carrier will operate two weekly flights on the Hanoi-Hong Kong route on Wednesdays and Sundays. The frequency will be increased to three
HCMC’s foreign trade exceeds US$100 billion in Jan-Nov
HCMC – HCMC’s foreign trade in the year to November had totaled US$101.6 billion, according to the General Department of Vietnam Customs. The gross regional domestic product of HCMC is expected to grow 9.03% over 2021, way above the target ranging between 6% to 6.5%. The city’s trade performance
Vietnam’s auto imports shoot up in November
HCMC – The number of cars imported into Vietnam last month soared sharply, driven by the strong domestic demand. Data from the General Department of Vietnam Customs showed the country imported over 22,700 completely-built-up (CBU) cars worth US$468 million in November, surging by 58.8% in volume
Fuel prices drop to two-year lows
HCMC – Domestic fuel prices were today revised down by VND937-1,661 per liter or kilogram. The reductions sent fuel prices plunging to two-year lows. In an announcement jointly made by the ministries of Industry-Trade and Finance, RON 95-III gasoline now sells for VND21,200 per liter, down
Heineken to invest US$500 million in Vietnam in next 10 years
HCMC – Heineken has invested US$1 billion in Vietnam and will continue to pour US$500 million into Vietnam in the next 10 years, said Heineken CEO Dolf van den Brink. On December 11, Vietnamese Prime Minister Pham Minh Chinh met Brink at the company headquarters in Amsterdam, Netherlands. Chinh
Global market headwinds seen hitting Vietnam’s trade
HCMC – With foreign trade forecast to reach more than US$700 billion this year, the Ministry of Industry and Trade has predicted a bleak outlook for Vietnam’s imports and exports next year. Data from Vietnam Customs showed that in November, Vietnam gained US$29 billion from exports and spent
PM proposes Netherlands help Hanoi with hi-tech center development
HCMC – Prime Minister Pham Minh Chinh has proposed the Netherlands help Vietnam develop a Brainport hi-tech center in Hanoi City. He was speaking during his visit to the Brainport Industries Campus in Eindhoven City in North Brabant on December 11, as part of his official visit to the Netherlands
Vietnam records strong export growth
HCMC – The country’s export revenue had amounted to US$700 billion in the year to mid-December, surpassing 2021’s record high of US$668.5 billion, according to the Ministry of Industry and Trade. Between January and November, Vietnam’s foreign trade reached around US$674 billion, with a trade
HCMC sets 2023 budget collection of VND470,000 billion
HCMC – HCMC plans to obtain revenue of VND470,000 billion in 2023, up 21% from this year, according to a resolution on the state budget collection estimate and HCMC’s expenditure next year. In the eighth session of the 10th-tenure HCMC People’s Council, HCMC is set to collect VND1,287 billion
Vietnam, Cambodia bolster investment, trade
CAN THO – Vietnam and Cambodia have sought to strengthen their bilateral cooperation in trade and investment, particularly with potential projects in the Mekong Delta city of Can Tho. The information was given during a Vietnam-Cambodia trade and investment cooperation conference in Can Tho City
HCMC prepares 34,000 tons of goods for Tet shopping season
HCMC – The HCMC Department of Industry and Trade and relevant agencies are working together to arrange around 34,000 tons of goods worth approximately VND20 trillion as part of the city’s price stabilization program to serve the upcoming Lunar New Year, or Tet. Bui Ta Hoang Vu, director of the
Vietnam Airlines resumes regular flights to China
HCMC – Vietnam Airlines has restarted its regular commercial flights to China since today, December 9, as the country began to ease its Covid-19 restrictions, according to the local media. Its flight departing from HCMC to Guanzhou, China, at 9:55 a.m. this morning marked the resumption of