Business

City tops Global Shopper Index for affordability

HCM City ranked first in the affordability category of the Globe Shopper Index, published by the Swiss shopping tourism company Global Blue.
HCM City ranked first in the affordability category of the GlobeShopper Index, published by the Swiss shopping tourism company GlobalBlue.

Vietnam’s largest city scored particularly well forhotels, restaurants and bars. It also scored above average for the costof global shopper’s favourite items, such as clothing, watches andelectrical goods.

Global Blue’s expanded GlobalShopper Index added 25 Asia-Pacific cities to the existing 33 Europeancities, ranking them on the experience they provide to internationaltravel shoppers.

The rankings are based on fivecategories covering shops, affordability, convenience, hotels andtransport and culture and climate.

Global Bluedeveloped the Globe Shopper Index in partnership with the EconomistIntelligence Unit as an essential planning tool for all internationaltravel shoppers searching for their next shopping destination in Europeand Asia-Pacific.

Overall, HCM City came in 19th in the Globe Shopper Index, a few points behind Osaka , Japan andahead of Busan, the Republic of Korea.

Hong Kong topped the Index as the most attractive city for international travel shoppers in Asia-Pacific.

HCM City fell in the rankings because of the limited number of cultural and sporting events in the city.

A lack of large malls means that only a limited range of international brands are available to global shoppers in the city.

Global Blue is the expert on foreign travellers’ shopping and spendingand makes retail transactions between merchants and their foreigncustomers easier and more rewarding for every-one.

TheGlobal Shopper City Index – Asia -Pacific measures theattractiveness of 25 major Asia-Pacific cities for international travelshopping.-VNA
Follow VietnamPlus

See more

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.