Tuesday, September 24 2019


HCM City's economy sees strong growth

Update: May, 19/2014 - 09:27
For the first four months of this year, the city's economy showed positive signs of growth.

Total revenue for retail and services for the four months was US$10 billion, an increase of 12.1 per cent in comparison with 2013. Total export revenue was $8.85 billion, an increase of 0.6 per cent against the same period last year. Meanwhile, import revenue fell 2.8 per cent, at $7.87 billion.

The Industrial index increased 5.2 per cent, while 98 foreign projects were granted licenses with over $700 million, a fourfold growth over the same period last year.

HCM City's State budget collections had significantly improved with VND86 trillion ($4 billion), a growth of nearly 19 per cent in comparison with 2013 and 38 per cent of the plan for the year.

Nguoi Lao Dong (The Labourer)

SBV cautions forex, gold purchases

The State Bank of Viet Nam warned local residents to be cautious when buying gold or foreign currency from disreputable sources. Despite disputes in the East Sea, the monetary, gold and foreign currency markets are still stable and the banking system is working smoothly for both local and international transactions, they said.

The price for US dollars had increased slightly, while gold prices remained stable, although international prices for the latter had gone up, the SBV said.

Thanh Nien (Young People)

Air Mekong will fly again

The Ministry of Transport has agreed to resume air transport business licences for Mekong Air until December 31. The ministry has also asked the Viet Nam Aviation Authority to supervise and guide Air Mekong in restructuring its business.

If it does not resume business, the licence will be cancelled, the ministry said. The airline said it wanted to prepare for a 2015 take-off.

Air Mekong is a private airline and part of the Ha Long Investment and Development Company, known as the BIM Group. Starting business in October 2010, the airline temporarily suspended operations in March 2013 to upgrade its aircraft and restructure its crew and personnel resources.

Tuoi Tre (Youth)

MoF urges faster investment spending

In the first quarter of this year, the national investment disbursement reached 23 per cent, higher than the same period last year.

However, the Ministry of Finance early this year requested that all ministries, industries and sectors actively speed up disbursement. Meetings between State management offices and project management board and investors must be held, it said.

The ministry will submit to the Prime Minister a proposal to disburse money in advance to projects with foreign capital. In addition, the State Treasury will also issue a new monetary plan soon.

Thoi Bao Tai Chinh (Vietnam Financial Times)

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