hcm city news

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Remittances to HCM City likely to hits 7 billion USD in 2023

Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7%.

HCMC to build international transshipment port in Can Gio

Port designed to accommodate vessels of up to 24,000 TEUs.

HCM City wants to use more land to develop public parks

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.

HCMC asks John Cockerill to consider establishing its headquarters in the city

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.

Office rents in HCM City among Asia-Pacific’s highest

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.

New urban areas changing the face of HCM City

As Vietnam’s largest metropolis, HCM City has seen many urban areas formed in recent years.

HCM City's commercial centres still quiet

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.

More public restrooms open in downtown HCM City

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 may install roof for Nguyen Hue Pedestrian Street

HCM City’s authorities are Ben Bach Dang Park in District 1 to protect pedestrians from sunshine and rain.

HCM City expects higher economic growth by year end

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.

NA Chairman appeals for more opinions to turn HCMC into IFC

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.

Getting back on track

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.

HCM City firms report difficulties amid rising industrial production

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.

HCM City calling for foreign investments for innovative startups

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.

Police raid several garages modifying vehicles for street racers in HCMC

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.

HCMC should refresh itself in the race to attract FDI

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.

Landmark Ben Thanh market gets facelift

The 100-plus-year-old Ben Thanh market, an iconic structure in the center of HCMC, has got a facelift.

HCM City’s economic recovery sees bright spots amid headwinds

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.

Sidewalk coffee culture in HCM City attracts youths

The sidewalk coffee culture in HCM City has regained its popularity recently with the opening of multiple fascinating destinations in the downtown area.

HCM City draws nearly 980 million USD of FDI in four months

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.