Saigon Times Podcasts

Revenue of the accommodation, catering industry and travel sectors amounted to VND56.8 trillion this August, taking the total to VND393.2 trillion in the year to date, showed data of the General Statistics Office (GSO).

A one-hour-long downpour on September 1 flooded many streets and areas in Dalat City, causing chaos.

The Hochiminh Stock Exchange (HOSE) has decided to suspend the FLC Group (FLC) and its affiliate, HAI Agrochem JSC (HAI), from trading their shares due to information disclosure violations, with effect from September 9.

In the first eight months of this year, Vietnam saw around 150,000 newly-registered and re-operational businesses, up 31.1% year-on-year, according to the Ministry of Planning and Investment.

Vietnam’s consumer price index (CPI) in August has risen a fractional 0.005% month-on-month, according to data of the General Statistics of Vietnam (GSO).

The central bank governor has said the remaining room of the 14% credit growth target for this year would be adjusted up to allow banks to lend to clients.

During a meeting with the relevant departments on August 26, the Ministry of Industry and Trade asserted the current fuel supply could fully meet the demand for domestic consumption.

The Civil Aviation Authority of Vietnam (CAAV) has taken back several landing and take-off slots from Vietnam Airlines Group, comprising Vietnam Airlines, Pacific Airlines and VASCO.

The Government has urged the Ministry of Transport to consider proposals to develop the second phase of the HCMC-Trung Luong and Trung Luong-My Thuan expressways.

Dong Nai Province has proposed extending HCMC’s Ben Thanh-Suoi Tien metro line to the Bien Hoa 1 Industrial Park in the province’s Bien Hoa City.

HCMC has decided to suspend the symphony, opera and ballet theater project worth thousands of billions of Vietnamese dong in the Thu Thiem New Urban Area to focus resources on social welfare and the post-pandemic economic recovery.

The German Embassy on August 22 announced it would temporarily recognize Vietnam’s new blue-violet passport provided that information about the holder’s birthplace is added.

The Vietnam Automobile Manufacturers’ Association (VAMA) has written to the Government proposing lowering the excise tax and registration fee on hybrid electric and plug-in hybrid electric vehicles.

Taiwan’s Hon Hai Technology Group (Foxconn) will invest US$300 million in the construction of a new factory in Bac Giang, expanding its ability to supply Apple computers and phones.

The tuition fees at universities in HCMC in the 2022-2023 academic year vary greatly, costing students VND12-800 million each year depending on majors and universities.

National flag carrier Vietnam Airlines (VNA) is planning to offer more than 400,000 seats to meet the rising travel demand during the upcoming four-day national holiday early next month.

The International Travel Expo in HCMC, the largest travel exhibition in Vietnam, will be held at the Saigon Exhibition and Convention Center (SECC) in District 7 in September.

To protect customers, the authorities have asked Grab and other ride-hailing firms to follow the information disclosure requirements when they apply new surcharges.

Many high-ranking officials have been disciplined, dismissed and even prosecuted for land irregularities.

The Ministry of Transport will send the Politburo a major project to develop a high-speed railway connecting the north and south of the country in September.

The number of vehicles using electronic toll collection (ETC) service has surged since early August, so HCMC plans to phase out toll collection by cash.

Bad debt in the real estate sector is projected to surge as property bonds worth over VND207.8 trillion will fall due in 2023 and 2024.

Following a 42% drop in sales in June due to the removal of the 50% registration tax cut, Vietnam’s auto market in July saw an increase of 20% compared to the previous month.

The Directorate for Roads of Vietnam has ordered two electronic toll collection (ETC) service providers to distribute sufficient tags to vehicles and deal with any problems faced by road users before August 15.

The HCMC government has asked the municipal Department of Transport to step up procedures to develop the Saigon River-Thay Cai Canal section of the Beltway No. 4 project under the public-private partnership format.