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Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city’s Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve … [Read more...] about VIETNAM BUSINESS NEWS JULY 25

Read what is in the news today: COVID-19 Updates -- Vietnam’s total coronavirus caseload surpassed 100,000 as the Ministry of Health confirmed 2,708 new infections, including 1,714 cases in Ho Chi Minh City and 407 patients in Binh Duong Province, on Monday morning. -- Authorities in Da Nang City on Sunday evening closed Tho Quang fishing port, the largest fishing port in the central region, for COVID-19 prevention after 19 new infections had been detected there. -- Secretary of the Hanoi Party Committee Dinh Tien Dung has requested local military forces to spray disinfectant throughout the capital city as a way to curb rising coronavirus cases. Society -- A scrap recycling workshop spanning thousands of square meters in Kien An District, northern Hai Phong City caught fire for several hours on Sunday afternoon. There were no casualties in the incident. -- Police in northern Thai Binh Province have investigated a case where a group of three girls hit and insulted … [Read more...] about Breakfast @ Tuoi Tre News — July 26

Transport departments to ensure smooth circulation of essential goods COVID-19 infections near 100,000 as new daily record was broken again New checkpoints to ease congestion entering capital city Hà Nội prepared for multiple scenarios in latest COVID-19 outbreak HCM City, southern provinces tighten enforcement of COVID-19 regulations Bến Thành Market in HCM City devoid of tourists and traders as the city underwent strict social distancing order. — VNA/VNS Photo Thanh Vũ HCM CITY — Starting Monday, residents of HCM City will no longer be allowed to go outside and all activities except medical emergencies or COVID-19 coordination efforts, will be banned from 6pm until 6am the following day. Nguyễn Thành Phong, Chairman of HCM City People’s Committee, announced the latest movement restriction late Sunday as the southern economic centre battles a serious outbreak that still sees no sign of improving after 55 days into a social distancing order and more … [Read more...] about HCM City residents forbidden to go outside between 6pm-6am

EXHIBITION Hanoi-Exhibition showcases Vietnamese and Italian landscapes Until August 23, 8.30am-5.30pm Vietnam Museum of Ethnology, Nguyen Van Huyen Street An exhibition titled Italian Routes and Landscapes of Vietnam Photographs featuring the beauty of the mountains and common culture of mountaineering between Việt Nam and Italy. Hanoi-Art Showcase: Illusion Until Aug 15, 10 am – 07 pm Mo Art Space, 136 Hang Trong Street, Hoan Kiem District From the organizer: This July, Mơ Art Space would like to invite Hanoi art lovers to visit the art showcase Illusion by Le Brothers ( Le Ngọc Thanh and Le Duc Hai). Illusion is the name of the latest art project of Le Ngoc Thanh and Le Duc Hai, as known as Le Brothers, a pair of twin artists originally from Quang Binh province but living and working in the city of Hue for the past 20 years. The project was first showcased for the first time in 2020 at Le Ba Dang art center – Hue … [Read more...] about What’s on July 26-August 1 (Daily updated)

A customer pays for goods through a QR code. The issuance of digital currency could also help accelerate Việt Nam's digital economy development. — VNA/VNS Photo By Mai Hương HÀ NỘI — Việt Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Việt Nam to join the most technologically-advanced countries. The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QĐ-TTg issued on June 15, the State Bank of Việt Nam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years. This is a remarkable change in the Government’s policymaking given the reality that Việt Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and … [Read more...] about Việt Nam joins global peers in developing digital money

A corner of Ho Chi Minh City (Photo: VietnamPlus) HCM City (VNA) - The rental property market in Ho Chi Minh City , in the second quarter but particularly since the beginning of June, has encountered a great deal of difficulty as a result of the COVID-19 pandemic, which is spreading fast in the city and other southern localities. Sharp fall in profitability of rental apartments Dinh Minh Tuan, Director (southern region) of the property website Batdongsan.com.vn, said that due to negative impacts upon the market, in particular, the most recent coronavirus outbreak, the price to earnings ratio of rental apartments and shophouses continues to follow a strong downward trend. This slump has persisted for the last three years, with high-end apartments feeling the brunt. He cited a study by the website showing that earnings from rental apartments in HCM City went from between 6 to 8 percent in 2017 and 2018 to about 5.2 percent in 2019 (as calculated by 12 months of … [Read more...] about COVID-19 resurgence worsens HCM City property market