Can Tho looks to boost smart tourism
HCMC – Can Tho will enhance the application of artificial intelligence and virtual reality to deliver a better experience for tourists in the coming time, following the city successfully applying digital technology to the tourist information portal and the Can Tho e-tourism platform. During the
Ministry wants lowest environmental protection tax on fuels in 2023
HCMC – The Ministry of Finance has sought to keep the environmental protection tax on fuels at the lowest levels, proposing the Government submit a draft resolution to this effect to the National Assembly’s Standing Committee. The ministry prepared the resolution, which maintains the environmental
LG to invest US$4 billion in Vietnam
HCMC – LG intends to expand its Vietnam operations by investing US$4 billion in a manufacturing base for its smartphone camera modules, according to the Voice of Vietnam station. LG’s Chief Operating Officer Kwon Bong-Seok made the statement in Seoul on December 5 during a meeting with Vietnamese
Nearly 12,000 firms established in November
HCMC – November saw 11,943 new enterprises established nationwide with total pledged capital of VND104.49 trillion, rising by 0.3% in number but down 30.3% in capital year-on-year, according to the General Statistics Office. The new market entrants registered to employ 74,000 workers, falling by
Vietnam-U.S. trade reaches US$115 billion in Jan-Nov
HCMC – The January-November period saw two-way trade between Vietnam and the U.S. hitting some US$114.9 billion, surpassing the 2021 figure by US$5 billion, according to the Ministry of Industry and Trade. The U.S. remains Vietnam’s largest export partner. Overall revenue for the 11-month period
Vietnam, South Korea upgrade ties to comprehensive strategic partnership
HCMC – Vietnam and South Korea have upgraded their relations to a comprehensive strategic partnership, paving the way for stronger cooperation between the two countries in the years to come. Vietnam’s President Nguyen Xuan Phuc, who is in South Korea for a three-day state visit scheduled to wrap
Yen Bai airport feasible for civil aviation development
HCMC – The northern upland province of Yen Bai has proposed the Ministry of Transport include a local airport in the national aviation development plan for 2021-2030, with a vision to 2050. Yen Bai airport is managed by the Ministry of Defense. Its 279.5-hectare area and 2,400-meter-long runway
Bac Ninh attracts over US$2 billion of FDI in 2022
HCMC – The northern province of Bac Ninh has attracted more than US$2 billion in new foreign direct investments (FDI). This year Bac Ninh has seen 124 new projects registered with a total investment of US$318.8 million, up 7.8% in the total number of projects. There have been 118 projects FDI
Central bank revises up credit growth limit
HCMC – The State Bank of Vietnam (SBV) decided last night (December 5) to increase the credit growth limit for this year by 1.5 to 2.0 percentage points, reversing its persistent stance on loan growth. With inflationary pressure on its mind, the SBV, the country’s central bank, earlier affirmed
Multiple violations detected in tourism projects
HCMC – The Government Inspectorate has inspected tourism projects under the management of the Ministry of Culture, Sports and Tourism and nine provinces and detected a series of violations. The Ministry of Culture, Sports and Tourism and the People’s Committees of nine provinces such as Hanoi,
Extra sugar import tariff quota allocated via auction
HCMC – The Ministry of Industry and Trade (MOIT) will auction an additional import tariff quota for 200,000 tons of sugar for the crop year 2021-2022. The type of sugar and quantity of additional import tariff quota for sugar would be 160,000 tons of raw sugar and 40,000 tons of refined sugar with
Jan-Nov goods exports expand over 13%
HCMC – Vietnam’s merchandise exports in the year to end-November had amounted to an estimated US$342.21 billion, a rise of 13.4% over the same period of last year, according to the General Statistics. According to the Government news website (chinhphu.vn), processed and manufactured goods