Delegates from HCMC People’s Council are voting for major resolutions in the meeting. (Photo: SGGP)

HCMC People’s Council approves 12 key resolutions

The 5th session of Ho Chi Minh City People’s Council, term X, finished yesterday with 12 major resolutions approved. These resolutions will have tremendous impacts on socio-economic development of the city and the life of residents here in the next few years.

PM Pham Chinh Minh receives President of RMIT University

PM Pham Chinh Minh receives President of RMIT University

The Vietnamese Government always creates optimal conditions for operations of foreign investors in the country, including RMIT University, Prime Minister Pham Minh Chinh said on April 7 while receiving President of the Australian university Prof Alec Cameron and Australian Ambassador to Vietnam Robyn Mudie.
PM wants Binh Phuoc to become development motivation for Southern region

PM wants Binh Phuoc to become development motivation for Southern region

Prime Minister Pham Minh Chinh has required Binh Phuoc, as the largest province in term of the area in the southern region, to study its potential and opportunities as well as position in the region and the country's development in order to issue suitable programs, plans and solutions toward becoming an important development motivation in the Southern key economic region.
Overtime working hours under consideration

Overtime working hours under consideration

Companies and businesses across various sectors will probably need to consider overtime working hours for their employees, as a temporary measure to cover the current serious shortage of workers due to the ongoing increase in the number of Covid-19 cases.
Credit growth in HCMC nearly double national average

Credit growth in HCMC nearly double national average

The State Bank of Vietnam (SBV) Ho Chi Minh City Branch informed that by the end of February 2022, the total credit balance of city-based credit institutions was estimated at over VND2.93 quadrillion, up 1 percent compared to the end of January and 3.54 percent compared to the end of 2021. This growth shows that HCMC's economy has a quite strong recovery because it is nearly twice as high as the national average.
Important step forward for Vietnamese, EU firms in socio-economic recovery

Important step forward for Vietnamese, EU firms in socio-economic recovery

The National Assembly (NA) Standing Committee on December 30, 2021 issued a resolution allowing the implementation of a number of mechanisms and policies in the healthcare sector serving Covid-19 prevention and control activities, including the management of drug and drug ingredients.
No credit granted to four Thu Thiem land auction winners

No credit granted to four Thu Thiem land auction winners

Regarding loan credit and bidding guarantee for enterprises bidding for four land plots in Ho Chi Minh City’s Thu Thiem New Urban Area, the Department of Banking Inspection and Supervision II said that commercial banks do not grant credit to four real estate businesses that won the auction of land use rights in the new urban area.
Stock market expected to cross current threshold

Stock market expected to cross current threshold

During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58 percent.