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Update news hcm city news
Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7%.
Port designed to accommodate vessels of up to 24,000 TEUs.
The HCMC authorities have assigned relevant agencies to review the use of land planned for public parks to develop the city’s green space from 2023 to 2025.
Chairman Phan Van Mai expressed high regard for the group's decision to invest in the Asia-Pacific market and establish its headquarters in Vietnam. He also expressed his desire for the group to consider establishing its headquarters in HCMC.
Rent of $1,000 a month gets you 19.9 sq m in southern city, placing it sixth-highest in Asia-Pacific and eleventh in the world.
As Vietnam’s largest metropolis, HCM City has seen many urban areas formed in recent years.
Major commercial centres like Diamond Plaza, Pearl Center, The Oxygen, Parkson Cantavil that are located on prime locations in HCM City and were once bustling sites have fallen quiet.
Two more public restrooms opened last week in downtown HCM City to alleviate the shortage in the busy area, serving both local residents and tourists.
HCM City’s authorities are Ben Bach Dang Park in District 1 to protect pedestrians from sunshine and rain.
HCM City’s economy saw positive improvement in April. Though difficulties still exist, researchers believe that the city might obtain a growth rate of 16 percent in the third quarter.
National Assembly Chairman Vuong Dinh Hue called for further comments to promulgate mechanisms and pilot policies to turn Ho Chi Minh City into an international finance center.
HCMC’s exports plunged to a 22-year low due to a nearly 17% year-on-year drop in the first quarter of this year, exposing the local manufacturing and export sectors to formidable challenges.
Despite positive signs witnessed in Ho Chi Minh City’s industrial production in April, businesses continue to encounter numerous difficulties due to a lack of orders and pressure from bank loan interest payments.
HCMC has lately issued various consistent policies to boost innovative startup activities and formed strong connections with global startup communities, helping many startup projects to reap profound benefits.
On May 2, the Road and Railway Traffic Police Department (PC08) of Ho Chi Minh City's Police announced that they had conducted a large-scale inspection to handle a series of garages that have modified vehicles for "street racers" in the area.
The Global Minimum Corporate Tax was mentioned and started affecting the investment environment worldwide ten years ago, but it has been brought up a lot in Vietnam recently.
The 100-plus-year-old Ben Thanh market, an iconic structure in the center of HCMC, has got a facelift.
Though HCM City’s economic recovery faces hurdles, there were several bright spots in its socio-economic performance in April, including a 12 per cent rise in total sales of consumer goods and services from the previous month.
The sidewalk coffee culture in HCM City has regained its popularity recently with the opening of multiple fascinating destinations in the downtown area.
Ho Chi Minh City has attracted 979.65 million USD of foreign direct investment (FDI) so far this year, down 23.45% year on year, according to the municipal People’s Committee.