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Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

Hanoi is a great place for a romantic trip. (Photo: thetravel.com) Hanoi (VNA) - Hanoi and beach town Nha Trang have been listed among the best 10 cities to go for honeymoon in Asia by The Travel, a leading travel site of Canada. Vietnam’s capital ranked second while Nha Trang in central Khanh Hoa Province rounded off the top 10 list, released by the site last month. The Travel describes Hanoi as a "great place for a romantic trip, experiencing Vietnamese culture, learning about local history, and savoring delicious food." The "thousands of years old" city is said to provide "everything a happy couple on honeymoon could ask for, from ancient temples to museums and shopping centers." Nha Trang is described as an ideal destination for newlyweds with enthralling beaches. (Photo: thetravel.com) Meanwhile, Nha Trang is described as an ideal destination for newlyweds with "enthralling beaches, ancient temples, and remnants of the ancient Champa Kingdom."  … [Read more...] about Hanoi, Nha Trang among best cities for honeymoon in Asia

The workshop on April 12 discusses the development of an “innovation urban area” in HCM City (Photo: VNA) HCM City (VNA) – An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis. The innovation urban area will be at the core of the city’s industrial revolution 4.0, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told the workshop titled "An Innovation District in HCM City: Towards a Strategic Roadmap". Governance of the innovation hub would be done online and be transparent and without red tape, he said, adding it would strongly develop smart transport and environmental protection. The idea for the hub had been mooted by the city’s Party Secretary Nguyen Thien Nha, who had suggested basing it around the High-tech Park in District 9, the National University in Thu Duc District and the proposed Thu Thiem Urban and … [Read more...] about HCM City studies innovation urban area development

Secretary of the HCM City Party’s Committee Nguyen Thien Nhan (R) and JICA President Shinichi Kitaoka At the reception, Nhan spoke highly of JICA’s assistance in promoting Vietnam’s economic growth and enhancing its international competitiveness through policy support, infrastructure development and State administration improvement. JICA has supported HCM City in projects on urban planning, environmental protection and improvement of people’s living conditions, thus contributing to fostering the strategic partnership between Vietnam and Japan, he said. The municipal leader revealed that the city is facing numerous opportunities and challenges in its current development, especially climate change that affects local environment and causes flooding amid degrading technical infrastructure. To solve this problem, HCM City has been building water drainage systems and tide prevention sewers, he said, adding that the city wants to receive JICA support in … [Read more...] about HCM City steps up cooperation with JICA

  Former Prime Minister Phan Van Khai passed away on March 17 but he lives in the heart of the people, especially those in Ho Chi Minh City, as a child of Cu Chi who made great contributions to the development of the city and the country. The late Prime Minister left a deep imprint on the process of building and developing Ho Chi Minh City - a dynamic, warm city that pioneers in innovation. Tan Thong Hoi is the first new-style rural commune in Vietnam.  It is not hard to imagine the dramatic change in ​the commune when considering it as part of Cu Chi iron land, which was bombed during wars in the previous century. The new face of Cu Chi and other suburban areas in Ho Chi Minh City has been attributed to the efforts and determination of the Party, the government and people of Ho Chi Minh City. Since the start of the doi moi (renewal) process, Ho Chi Minh City has been the role model in innovation. Former Prime Minister Phan Van Khai left a marked imprint on … [Read more...] about Late PM leaves imprint on Ho Chi Minh City