Overseas Vietnamese invest nearly 2 billion USD in HCM City

More than 3,000 overseas Vietnamese had invested 45 trillion VND (1.94 billion USD) as of the end of last year in HCM City, an official said at a recent meeting in the city.
Overseas Vietnamese invest nearly 2 billion USD in HCM City ảnh 1Vo Thanh Chat (third from right), Vice Chairman of the HCM City Overseas Vietnamese Committee, presents certificates of merit to individuals who have had significant achievements in their work in 2019 (Photo: VNA)

HCM City (VNS/VNA) - More than 3,000 overseas Vietnamese had invested 45trillion VND (1.94 billion USD) as of the end of last year in HCM City, anofficial said at a recent meeting in the city.

Vo Thanh Chat, Vice Chairman of the HCM City Overseas Vietnamese Committee,said that overseas Vietnamese had been making great contributions to the city’ssocio-economic development over the years.

The city last year received remittances worth over 5.6 billion USD, accountingfor 30 percent of the country’s remittances, according to the committee. Mostof the remittances were used for business and production purposes, according tothe committee.

Last year the committee launched many activities to boost investment and tradewith overseas Vietnamese, he said.

Many challenges related to investment were promptly addressed to safeguardtheir rights, and conferences and meetings were organised to inform them aboutpolicies related to investment, business procedures, and immigration, he added.

The committee has asked overseas Vietnamese to continue to invest in science,technology, culture and education. It has urged the city to organise events onbuilding HCM City into a regional financial centre.

The committee plans to work with agencies to continue organising exchanges andseminars, and to listen to opinions of overseas Vietnamese on socio-economicdevelopment.

At the meeting, Chat presented the Certificates of Merit to individuals whohave made outstanding achievements in projects related to overseas Vietnamesein 2019.

More than 400 expatriates have returned to work in Vietnam for long periods,while 200 professionals have cooperated with universities, high-tech zones andhospitals in their projects.

Last year, overseas Vietnamese set up as many as 34 enterprises, with chartercapital of 122 billion VND (5.3 million USD).

Every year, more than 30,000 young overseas Vietnamese visit Vietnam forbusiness opportunities, especially in start-up projects./. 
VNA

See more

Illustrative image (Photo: VNA)

Nearly 16 trillion VND raised through January bond auctions

The January auctions saw a strong preference for 10-year and 15-year bonds, representing 80.2% and 14.8% of the total, respectively. Specifically, 10-year bonds raised 12.81 trillion VND, while 15-year bonds garnered 2.36 trillion VND.

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.