Vietnam owns significant advantages in attracting FDI

Vietnam owns significant advantages in attracting FDI

VCN - Vietnam's economy has passed the most dangerous and difficult period and is now more stable. Inflation, exchange rates, and interest rates have decreased, bank liquidity has stabilized, and the stock and bond markets have experienced shocks and begu
Ho Chi Minh City: 63% of outstanding loans with interest rates below 10%

Ho Chi Minh City: 63% of outstanding loans with interest rates below 10%

VCN - Interest rates on loans in HCMC have declined significantly, with 63% of outstanding loans bearing rates below 9.75%, according to the State Bank of Vietnam’s HCMC branch.
HCM City approves research project for building Can Gio int’l transshipment port

HCM City approves research project for building Can Gio int’l transshipment port

The Standing Board of the Ho Chi Minh City Party Committee has basically agreed with a research project for the construction of the Can Gio international container transshipment port submitted by the Party civil affairs committee of the city People's Committee, with a note on minimising negative impacts on the ecological environment and people's life during the implementation phase.
Remittances to HCM City up 37% in first haft of 2023

Remittances to HCM City up 37% in first haft of 2023

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s (SBV) HCM City branch reported.
HCM City seeks to promote export of mechanical products

HCM City seeks to promote export of mechanical products

Ho Chi Minh City authorities have actively collaborated with local businesses to strengthen trade promotion activities, aiming to promote the export of mechanical and digital technology products and electrical equipment, which are of strengths of the southern economic hub.
HCM City seeks ways to attract more remittances

HCM City seeks ways to attract more remittances

The southern largest economic hub of Ho Chi Minh City is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period and maintains this rate in 2025-2030.
Remittances to HCM City likely to hits 7 billion USD in 2023

Remittances to HCM City likely to hits 7 billion USD in 2023

Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7%.
Measures sought to make HCM City more attractive to foreign investors

Measures sought to make HCM City more attractive to foreign investors

Experts and economists gathered at a seminar in Ho Chi Minh City on May 12 to discuss measures to help the southern largest economic hub enhance its attractiveness to foreign investors amid its standstill situation in drawing foreign direct investment (FDI).
HCM City Customs Department facilitates imports and exports

HCM City Customs Department facilitates imports and exports

VCN - The import and export turnover across HCM seaports decreased sharply, affecting the city's revenue.
HCM City unlocks resources for development

HCM City unlocks resources for development

The year 2023 is considered a pivotal year to drive growth of Ho Chi Minh City for upcoming years under its economic recovery and development strategy for 2022-2025, after achieving impressive recovery last year.
HCM City set an objective of 100% of e-invoices from cash registers

HCM City set an objective of 100% of e-invoices from cash registers

The People's Committee of Ho Chi Minh City issued a document directing affiliated departments, branches and localities to focus on implementing solutions to ensure 100% of e-invoices initialized from cash registers
Auto imports increase HCM City’s revenue

Auto imports increase HCM City’s revenue

VCN - According to HCM City Customs Department, the city’s revenue has increased. From February 15 to 21, the department’s revenue rose by 29.93% to VND2,869.3 billion compared with the previous week.
International cashew nut conference underway in HCM City

International cashew nut conference underway in HCM City

The three-day 12th Vinacas Golden Cashew Rendezvous saw its main event kick off in Ho Chi Minh City on February 27, attracting the participation of 350 delegates from more than 40 countries and territories worldwide.
HCM City: Nearly 100 customs broker agents violated regulation on reporting

HCM City: Nearly 100 customs broker agents violated regulation on reporting

Nearly 100 enterprises operating in HCM City, which are customs broker agents, have violated regulations because they do not report annual operations as prescribed.
Identifying tricks of smuggling and trade fraud through Ho Chi Minh City

Identifying tricks of smuggling and trade fraud through Ho Chi Minh City

According to Ho Chi Minh City Customs Department, smuggling and trade fraud are increasingly unpredictable and variable, appearing as new forms of fraud
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