HCM City keeps up efforts to fulfil yearly targets
Ho Chi Minh City has basically fulfilled socio-economic targets for the first three quarters of 2018 but efforts must be kept up if the city wants to meet the yearly goals.
HCM City (VNA) –🎐 Ho Chi Minh City has basicallyfulfilled socio-economic targets for the first three quarters of 2018 butefforts must be kept up if the city wants to meet the yearly goals.
According to Director of the city’s Department of Planningand Investment Su Ngoc Anh, the nine-month GDP totalled 903.6 trillion VND, a7.8 percent growth from the same period last year, while budget collectionreached 269.1 trillion VND, up 9.8 percent. Total retail and service revenues in the period stood at769.3 trillion VND, an increase of 12.8 percent. Export earnings were 28.2billion USD, up 7.7 percent while spending on imports were 34.8 billion USD, up10.5 percent. The city attracted 5.47 billion USD in foreign investment,and welcomed 5.45 million foreign visitors in the nine months. In the remaining time of the year, the municipal People’sCommittee has instructed the trade and investment promotion centre to continuesupporting local businesses in expanding both domestic and export markets. Thecentre is also asked to intensify promotional efforts to attract investment inprojects within the city’s seven breakthrough programmes, four key industriesand nine priority services. Amidst concerns about the impacts of the US-China trade war,local economists said the city should keep close watch of the situation inorder to take timely responding measures. Chairman of the municipal People’s Committee Nguyen ThanhPhong said the city will provide support in the form of policies on land,science-technology, credit access and administrative procedures for localbusinesses with a view to promoting the private sector to become an importantdriving force for the city’s economy.-VNA
Ho Chi Minh City’s economy in the first half of this year grew stronger than the same period last year, especially in the fields of services, industry and agriculture.
Ho Chi Minh City’s economy continued to expand in the period from January to November with services and trade being major growth engines, according to the municipal People’s Committee.
Ho Chi Minh City’s economy needs to pick up pace to achieve this year’s growth targets, heard a meeting held on October 1 to review the city’s socio-economic development in the first nine months.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A corner of HCM City (Photo: VNA) 
