Gov’t proposes adding birthplace field to Vietnam’s new passports
HCMC – The Ministry of Public Security (MPS) has presented to the National Assembly a proposal for adding the place of birth (POB) field to the personal identification page of newly designed passports. On November 7, Minister of Public Security To Lam presented to the National Assembly the
Vietnam aims for 100 more golf courses by 2025
HCMC – Vietnam aims to double the number of golf courses to 200 by 2025 to boost the country’s golf tourism and attract international golfers. The country now has about 100 golf courses, Nguyen Trung Khanh, head of the Vietnam National Administration of Tourism, told a recent meeting with Paul
Coffee knows no borders
Coffee is a global beverage and knows no borders. As Vietnam continues re-opening its doors to the world post-Covid, its famous coffee is finding new partners and innovators. Daniele Melito is a prime example. Originally from Rome, the Italian has been based in HCMC for the last three years,
Shipping firms report hefty profits in Jan-Sept
HCMC – Many sea transport service providers booked huge profits between January and September, driven by the robust transport demand. In the first nine months, PetroVietnam Transportation Corporation made over VND1 trillion in pretax profit, beating its full-year target by 72%. In the third
HSBC: Vietnam’s inflation looms large
HCMC – Inflation has surpassed Vietnam’s target despite the country’s efforts to keep it under control, according to HSBC Global Research. The State Bank of Vietnam, the central bank of the country, continued to hike discount and refinancing rates by 100 basis points to 4.5% and 6% on October 25
Indian tourist arrivals in Vietnam surge
HCMC – Vietnam attracted 20,681 tourists from India in October this year, up 38% month-on-month and 25.8% over the same period in 2019, according to statistics from the General Statistics Office of Vietnam. Since July 2022, Indian tourist arrivals each month have surpassed the monthly average in
Sleeper buses likely to be banned from HCMC’s inner-city areas
HCMC – The HCMC Department of Transport has proposed barring sleeper buses from entering the inner-city areas to help shut down unlicensed coach stations and reduce traffic congestion, said a city transport official. The Transport Department has already asked other departments and relevant
Central bank pumps more money into system
HCMC – The State Bank of Vietnam (SBV) yesterday, November 3, injected some VND5,000 billion into the banking system via open market operations for a 14-day term without any withdrawals. This marked the second consecutive injection into the system, following VND15,522 billion on November 2. On the
Vietnam plans to upgrade status of stock market
HCMC – Vietnam looks to upgrade the status of its stock market from frontier to emerging before 2025, the Ministry of Finance said. The ministry is seeking the prime minister’s approval for a draft strategy for stock market development until 2030. According to the draft, the stock market
Vietnam expects 2022 coffee export at US$4 billion
HCMC – Vietnam’s coffee exports may rise to a record high of US$4 billion this year amid a global undersupply and the upcoming harvest season. Coffee exports in the year to September had soared 37.6% over the same period last year, at US$3.1 billion, the Ministry of Agriculture and Rural
Danang Int’l Fireworks Festival 2023 set for next June
HCMC – The Danang International Fireworks Festival 2023 (DIFF 2023) is set to take place from June 3 to July 8 next year by the Han River in the central city of Danang, after a two-year pause due to the Covid pandemic. The People’s Committee of Danang said yesterday, November 2, that it had mapped
Railway companies report profits after two years of losses
HCMC – Hanoi and Saigon railway companies, the two subsidiaries of the Vietnam Railway Corporation (VNR), reported their respective after-tax profits of almost VND35.2 billion and over VND38.3 billion in January-September. Hanoi Railway in its financial report said its revenue from January to