Shrimp processing at the Coastal Fisheries Development Corporation (COFIDEC) in Vĩnh Lộc IP, Binh Chanh district, HCM City. (Photo: VNA)
Ho Chi Minh City (VNA) – Ho Chi Minh CityPeople’s Committee has proposed a gಌrowth target of 7.5-8% for its GrossRegional Domestic Product (GRDP) in 2023.
At the meeting of the municipal People’s Council onDecember 7, Vice Chairwoman of the city People’s Committee Phan Thi Thangsaid that the city could have both opportunities and challenges insocio-economic development next year but more difficulties and challenges areexpected and it’s hard to predict them. The city will continue to focus on administrative reform, increase the efficiency of public services, and improve the business environment,she said. Thang added that the city authorities will continue toremove bottlenecks, make use of resources, mobilise various investment capitalsources, as well as accelerate the implementation of key infrastructureprojects, traffic and urban development ones. The city also expects to create a breakthrough in digitaltransformation and a knowledge-based economy in association with exploiting thepotential of science and technology, Thang said. Among the 17 key indicators for socio-economic developmentfor 2023, the municipal People's Committee also set a target toattract 4.5-5 million foreign tourists next year for a revenue of 120trillion VND (about 5.03 billion USD). In 2022, despite difficulties and challenges, HCM Cityreached a GRDP of about 9.03%, surpassing the approved target of 6-6.5%. Its Index of Industrial Production (IIP) so far this yearis estimated to increase by 14.2%. So far this year, the city’s total export turnover isestimated at 49.5 billion USD, up 10.3%, and its total import turnover, at 66.2 billion USD, up 10%. Total tourism revenue has reached about 120 trillion VND,marking a year-on-year increase of 171.2%. The city has received 3.5 million foreign visitors so far this year. Its budget revenue posted positive growth, estimated atVND 457.5 trillion, 18.35% higher than the target approved by the cityPeople’s Council./.
The Ho Chi Minh City People's Committee has just issued a decision on the implementation plan to develop the southern metropolis’s seaport infrastructure system.
Party General Secretary Nguyen Phu Trong on December 2 chaired a Politburo meeting on a project to review the 10-year implementation of a resolution on the orientations and tasks for the development of Ho Chi Minh City until 2020 and 2030, with a vision to 2050.
Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
The 2nd Ho Chi Minh City Tourism Week, a series of tourism-sport-music events serving domestic and foreign visitors, kicked off at a ceremony in the southern metropolis on December 5.
Domestic tourism is strongly bouncing back, recording more than 100 million visitors so far this year, higher than all forecasts and up 1.5 times compared to the yearly target of 60 million.
International searches for tourism in Vietnam remain high, according to the Vietnam National Tourism Administration (VNAT) under the Ministry of Culture, Sports and Tourism.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Shrimp processing at the Coastal Fisheries Development Corporation (COFIDEC) in Vĩnh Lộc IP, Binh Chanh district, HCM City. (Photo: VNA) 
