Citi business news

HCM City (VNA) - HCM City had lured over 1 billion USD in foreign direct investment (FDI) this year as at March 20, down 33 percent compared to the same period last year, according to the city’s statistics office. The figure includes newly-registered capital, additional capital in existing projects, capital contributions, and shares purchased by foreign investors. The city granted new investment licenses to 290 projects with investment of 142.5 million USD, up 14.2 percent in project number but down 50.7 percent in value. Forty-six existing projects added 80.8 million USD in capital, a year-on-year increase of 30.9 percent. The city also approved capital contributions and share purchases by 1,342 foreign investors totaling 829.3 million USD. Some 37 countries and territories pumped capital into the southern city in the January-March period./. … [Read more...] about HCM City attracts over 1 billion USD in FDI

HCM City (VNA) - HCM City earned 9.85 billion USD from exports in the first quarter of 2020, a year-on-year increase of 7.5 percent, thanks to support policies and effective trade promotion. However, the export value of agro-forestry-fishery products fell due to lower prices. Agricultural exports dropped by 3.2 percent to 860 million USD, with coffee shipments declining by 11.1 percent to 143.2 million USD, and rubber shipments by more than 37 percent to 85.5 million USD. Forestry exports were worth 132.6 million USD, down 8.9 percent, and fisheries exports declined by nearly a fifth to 188.3 million USD. Industrial products accounted for 78.4 percent of the city’s exports. They were worth 6.76 billion USD, as shipments of computers, electronic products and accessories increased by 35.3 percent to 3.59 billion USD. Textile and garment exports fell 11.3 percent to 1.17 billion USD. China remained the city’s largest export market, buying goods worth more than … [Read more...] about HCM City’s exports up 7.5 percent in first quarter

Ministry of Health confirms six new COVID-19 cases, total at 218Nearly 70,000 labourers in Hà Nội lose jobs amid COVID-19 pandemicThousands of test tubes sent to Germany for COVID-19 medicine researchViệt Nam’s 32nd COVID-19 patient discharged, confirms will lead charity fundPM signs decision to officially declare nationwide COVID-19 pandemic … [Read more...] about 3 more COVID-19 patients recover in HCM City

HCM City (VNA) - The Ho Chi Minh City People’s Committee on April 1 launched round-the-clock hotlines to receive reports, feedback, and complaints from citizens, businesses, and organisations on local COVID-19 prevention and control measures. The hotlines - 1022 (ext. 3) and (028) 3824 9000 - were opened for city leaders to hear the response to local preventive efforts against the pandemic. The municipal Department of Information and Communications has publicised locations of over 1,000 shops selling anti-bacterial and anti-droplet masks citywide at covid19.hochiminhcity.gov.vn/diadiembankhautrang or 1022.tphcm.gov.vn/covid19.  The masks are on sale at a large number of local convenience stores and supermarkets, such as Co.opmart, Co.opXtra, Co.opFood, Satrafoods, VinMart, VinMart , Big C, Lotte Mart, and Aeon. The department plans to launch an iOS and Android-based app to update residents on the current COVID-19 situation in the city, and will cooperate with the … [Read more...] about HCM City: Round-the-clock hotlines opened to obtain COVID-19 feedback

HCM City (VNA) – Ho Chi Minh City and the central city of Da Nang have decided to suspend road passenger transport in a bid to curb travel and crowds and contain the spread of COVID-19. HCM City will temporarily cease passenger transport on fixed routes and by bus, taxi, tour buses, and buses operating on contracts from April 1 to 15, according to the provincial Department of Transport. Cars carrying workers and experts from businesses are still allowed on the city’s streets. They must be disinfected, however, prior to and after picking up passengers. Occupancy on such vehicles must not exceed 50 percent of seats and the total is limited to 20 people. Drivers, their assistants, and passengers must all wear face masks and complete health declarations before boarding, in line with regulations. Da Nang city, meanwhile, made a similar move in suspending passenger transport routes departing from and arriving at local bus stations from April 1. Local subsidised bus routes, … [Read more...] about HCM City, Da Nang suspend road passenger transport