HCMC customs tariff collection target for Q1 unobtainable Minh Tam HCMC – The HCMC Department of Customs has forecast export-import duty revenues would reach VND24.5 trillion (US$1.07 billion) in the first quarter, up nearly 17% year-on-year, still lower than targeted. Customs data shows export revenue in quarter one is estimated at US$9.3 billion, a rise of over 10% compared to the same period last year, while import spending is forecast at US$11.2 billion, a year-on-year increase of more than 20%. The city’s export-import tax revenues are expected at VND24.5 trillion (US$1.07 billion) in the period, up VND3.5 trillion (US$154 million), or nearly 17% year-on-year. Especially, tax revenues have totaled VND9.1 trillion (US$399.3 million) this month alone. However, the growth target for the year is 25%. The city’s customs department is assigned to collect a staggering VND109 trillion (US$4.7 billion), 38.2% of the sector’s VND285 trillion (US$12.5 billion) … [Read more...] about HCMC customs tariff collection target for Q1 unobtainable
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HCMC to pilot bus-only lanes
HCMC to pilot bus-only lanes Le Anh HCMC - The Management and Operation Center for Public Transport of HCMC will test set up bus-only lanes on Dien Bien Phu and Vo Thi Sau streets in April, said Tran Chi Trung, the center’s director. The center, which is under the HCMC Department of Transport, said the bus lane on Dien Bien Phu Street will start at Ly Thai To Street and end at the Saigon Bridge, while the bus lane on Vo Thi Sau Street will begin at Dinh Tien Hoang Street and end at Dan Chu roundabout. These lanes are aimed at ensuring punctual bus operations and thus attracting more commuters to travel by bus. If the pilot scheme is successful, it would be expanded to some other streets such as Truong Chinh, Nam Ky Khoi Nghia, Nguyen Van Troi, Hanoi Highway and Pham Van Dong. Pham Sanh, an urban transport expert, has thrown support behind the city’s plan to set up bus-only lanes on wide roads such as Vo Van Kiet, Pham Van Dong, Dien Bien Phu and Hanoi Highway. … [Read more...] about HCMC to pilot bus-only lanes
Propak Vietnam 2017 opened in HCMC
Propak Vietnam 2017 opened in HCMC Le Hoang HCMC - ProPak Vietnam 2017, the 12th international processing and packaging exhibition for Vietnam, was inaugurated in HCMC on March 21, featuring nearly 380 firms from 28 countries and territories worldwide. In particular, there are 11 international group pavilions of participating companies from India, Denmark, Germany, Singapore, South Korea, Taiwan, Japan, China, Thailand, and Italy. The event at the Saigon Exhibition and Convention Center (SECC) in District 7 has seen a 40% rise in display booths against last year. High caliber machinery, applications and systems on display involve mainly food processing and packaging; pharmaceutical processing and packaging; bottling and beverage technology; canning technology; barcoding, printing and labeling; filling machinery and systems; food safety and hygiene technology. The exhibition is being organized by SES Vietnam Exhibition Services Company in partnership with VCCI Exhibition Service Co … [Read more...] about Propak Vietnam 2017 opened in HCMC
Singapore PM arrives in HCMC for four-day Vietnam visit
Singapore PM arrives in HCMC for four-day Vietnam visit The Saigon Times Daily HCMC - Singaporean Prime Minister Lee Hsien Loong met HCMC chairman Nguyen Thanh Phong after he and his wife Ho Ching arrived in the city on March 21 for a four-day Vietnam visit at the invitation of Vietnamese Prime Minister Nguyen Xuan Phuc. Speaking at the meeting, Phong affirmed Vietnam’s consistent policy to strengthen cooperation with Singapore for the benefit of the two ASEAN countries, according to local media reports. Singapore is one of HCMC’s major trading partners. Last year, trade exchanges between Singapore and HCMC amounted to US$3.3 billion. The island city-state had emerged as HCMC’s biggest foreign investor by February this year, with over US$10 billion registered for more than 930 projects. A Vietnam News Agency report said Singapore is Vietnam’s third largest foreign investor, with capital pledges totaling more than US$38 billion in 1,600 projects in sectors … [Read more...] about Singapore PM arrives in HCMC for four-day Vietnam visit
HCMC plans weekend market downtown
HCMC plans weekend market downtown Van Nam HCMC – The government of HCMC will open a weekend market downtown in the second quarter to create a new shopping and entertainment venue for city dwellers and tourists. Expected to open from 10 a.m. to 10 p.m. on Saturdays and Sundays, the market will cover 3,000 square meters at the Bach Dang Park along the Saigon River in District 1 and feature 120 stands for art performance, food and folk games, a city government official told a meeting on March 20. To be eligible for attending the market, vendors must ensure that goods are of clear origin and that they sell only genuine products and guarantee food safety. All the stands will be cleared to before 8 a.m. on Mondays. Tran The Thuan, chairman of District 1, described the weekend market as an extension of the Nguyen Hue pedestrian square which is always crowded with people at weekends. Since the Bach Dang Park and the Nguyen Hue pedestrian square are separated by the busy Ton Duc … [Read more...] about HCMC plans weekend market downtown