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Remittances set record of US$18.1 billion

According to the World Bank and Global Knowledge Partnership on Migration and Development (KNOMAD), total remittances to Vietnam in 2021 may hit up to $18.1 billion, with about $6.5 - 6.6 billion for HCM City.



According to money transfer companies, remittances mainly come from traditional markets such as the US, Canada, and Australia. However, the proportion of remittances from Asian countries has increased as there are more Vietnamese workers.

Remittances from the traditional markets of the US, Australia, Canada have declined over the years because of the looser relationship between the new generations in Vietnam and overseas Vietnamese in these countries. Moreover, as Vietnam's economy is developing strongly, sending money home is no longer as necessary.

Due to the border policy in many countries which prevented many overseas Vietnamese from returning home to visit their families, they transferred more money to support their families in Vietnam.

Apartment sales in HCM City increase by 6 times

According to DKRA Vietnam, the apartment market in Ho Chi Minh City is in the peak season. In November, 2,431 new apartments were launched on the market and 68% were sold, six times higher than the previous month, and 2.4 times over the same period in 2020.

Over VND20 trillion corporate bonds issued in November

According to the Vietnam Bond Market Association (VBMA), in November 2021, there were a total of 40 private corporate bond issuances in the country, with a total value of VND18,276 billion, plus the issuance of corporate bonds of Vinhomes Joint Stock Company worth VND2,090 billion.

Real estate firms took the lead with VND8,476 billion, accounting for 42% of the total value of corporate bonds issued in the month. Of which, about 59% of issued bonds were secured by shares or were without collateral.

The banking group ranked second with VND7,950 billion, accounting for 39% of the total value of corporate bonds issued in the month.

Vietnam to apply new emissions standards in 2022

According to the Prime Minister’s Decision No 49/2011/QD-TTg on the roadmap for the application of exhaust emission standards, manufactured, assembled and imported brand-new cars in Vietnam will be subject to level-5 exhaust emission standards from January 1, 2022.

Level-4 and level-5 are standards on the testing and limits of pollutants in exhaust gases applicable to manufactured, assembled and imported brand-new motor vehicles. They are equivalent to Euro-4 and Euro-5 limits provided in United Nations Economic Commission for Europe’s technical regulations on motor vehicle exhaust emission or in European Union directives.

With new emission standards in place, cars would become more environmentally friendly, effectively reducing exhaust fumes in the atmosphere. 


Banks warned of risks as they hold large amount of realty bonds

Banks warned of risks as they hold large amount of realty bonds

As major buyers in the market, commercial banks are holding large amounts of corporate bonds, mostly realty bonds. The central bank has issued a warning about the risks with the bonds.

Remittances fuel social security

Remittances fuel social security

Although the Covid-19 epidemic has negatively affected the global economy, the amount of remittances remitted to Vietnam in 2021 is still high. 


Vietnam likely to consider nuclear power development

The Economic Committee of the National Assembly (NA) has recently proposed developing nuclear power over the next decades to ensure national energy security and meet the ‘net zero’ goal Vietnam set at the 26th UN Conference on Climate Change (COP26).

Short animated Vietnamese film competes at Cannes Film Festival

“Giac Mo Goi Cuon”, known as “Spring Roll Dream” in English, a short animated film by a young Vietnamese director has been nominated in the La Cinef, a category at the Cannes Film Festival which honours works by students from global film schools.

PM welcomes Intel’s investment expansion in Vietnam

Prime Minister Pham Minh Chinh applauded Intel’s decision to expand its investment in Vietnam while receiving its CEO Patrick Gelsinger in Hanoi on May 27.

Hanoi to build 17 bridges spanning Red River

In addition to the seven existing bridges, Hanoi will have 10 more bridge crossing the Red River, under a development plan to 2030 with a vision towards 2050.

Localities asked to report progress of large FDI projects

The Ministry of Planning and Investment has requested localities to report the execution of large foreign direct investment (FDI) projects that need significant investment and use large land lots.

Opportunities for e-commerce in Vietnam to boom

Recently, e-commerce in Vietnam is assessed to grow robustly. It is forecasted that Vietnam's internet economy will reach US$57 billion by 2025, ranking second in Southeast Asia, after Indonesia.

Vietnam has choices under new global trends

The world today is being affected constantly by the ripple effects of global problems and occurrences such as the ongoing US-China trade war, the recent lengthy Covid-19 pandemic, and now the current fierce Russia-Ukraine conflict.

Muoi Sau sweet soups- the quintessence of Hanoi’s nosh

Muoi Sau (Sixteen) Dessert Soup Stall in Hanoi’s downtown is a well-known place for those who love the sweetness of Hanoi desserts.

Leading cueists gather in HCM City for Billiard World Cup 3-Cushion 2022

The world’s leading cueists have returned to Ho Chi Minh City for the Billiard World Cup 3-Cushion 2022 after the tournament was postponed for the two years due to the COVID-19 pandemic.

Control inflation to protect the poor

President Nguyen Xuan Phuc has said that the economic stimulus package needs to be “brought into life” to help people and businesses, and that inflation should not be allowed to “sweep the poor away”.


Vietnam to have 184 fishing ports by 2050: draft plan

Omicron subvariants under close scrutiny in Vietnam

The Vietnamese Ministry of Health said it is closely monitoring the emergence of new sub-lineages of the Omicron variant that causes the COVID-19 disease worldwide to promptly adopt control measures if they are reported in Vietnam.

Vietnam elected as member of two ESCAP Regional Center Executive Councils

Two Vietnamese agencies have won election to the Executive Councils of the UN Statistical Institute for Asia and the Pacific and Centre for Sustainable Agricultural Mechanisation under the UN Economic and Social Commission for Asia and the Pacific.


Dien Bien rushes to evacuate 26 more households over landslide risk

Shelter cares for 20 breast cancer patients in HCM City

No longer allowed to stay in a hospital, a breast cancer patient sold her house to rent and provide a shelter for 20 patients coming from all over the country to Ho Chi Minh City for chemotherapy and radiation treatment.