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Despite the negative impacts of the global economic crisis, remittances from overseas to HCM City this year have increased steadily. In the past 11 months, they have reached US$4.5 billion, said Ho Huu Hanh, director of the State Bank of Vietnam’s HCM City branch.
Deputy Prime Minister Hoang Trung Hai has instructed the agencies concerned to send a report on the Hanoi – HCM City Express Railway project to the Government by early March.
A senior official of TNS, a global market research specialist, said it is now the “perfect time” for foreign retailers to come and make long-term leases in Vietnam as real estate and construction prices here are declining.
The Ministries of Finance, Industry and Trade are considering scenarios for petrol pricing, as the world’s crude oil price has fallen down further to over $60/barrel. The ministries are leaning towards the project on raising the import tax in order to collect more money to the state budget, instead...
Commercial Counselor at the Vietnamese Embassy in the US Ngo Van Thoan predicted that Vietnam’s target of exporting 12.3 billion USD of goods to the US this year is within reach as the country’s US-bound exports in the first 10 months gained over 10.5 billion USD.
The building of the Cat Linh – Ha Dong metro route will begin in the first quarter of 2009 while Hanoi authorities are considering the construction of the Nhon – Hanoi Railway Station route.
Vietnam will become one of the largest mobile telephone markets in Asia, with an estimated 120 million subscribers by the end of 2014, according to Seeking Alpha, a New York-based website.
Mekong Aviation Joint Stock Company has recently become the third private airline to request and receive a Vietnamese operating license.
Danang Urban and Industrial Zones Development Joint - Stock Company and Japan-invested Shimizu Corporation on February 16 kicked off construction on an USD 18 million to produce water faucet in central Viet Nam.
The second stimulus package is not aimed at resolving all issues faced by the Vietnamese economy, but helping reduce difficulties for enterprises and ongoing projects as well as creating jobs to ensure labourers’ livelihoods.
The Bank for Industrial and Development of Vietnam (BIBV) has committed to providing credits worth totalling VND 1.6 trillion for the expansion of the National Highway No 51.
The export tax for crude oil will fall to 10 per cent from the current 20 per cent, after a decree signed yesterday by Do Hoang Anh Tuan, Deputy Minister of Finance, becomes effective on November 8.
