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Ho Chi Minh’s Real Estate Revenue Surges Over 6%

Ho Chi Minh’s Real Estate Revenue Surges Over 6%

by Teuvo Tuomi | Jul 7, 2024 | Vietnam, Business, Ho Chi Minh, Infrastructure, Lifestyle, News, Society

Real estate revenue in Ho Chi Minh City reached VND124 trillion ($4.9 billion) in the first half of the year, up 6.1% year-on-year, according to the HCMC Statistics Office. The real estate market has shown signs of recovery this year, with 3% growth in the second...
New Degree Permits Private Sales of Solar Energy in Vietnam

New Degree Permits Private Sales of Solar Energy in Vietnam

by Teuvo Tuomi | Jul 4, 2024 | Vietnam, Business, Climate, Energy, Environment, Technology

Rooftop solar and other renewable power can now be sold directly through private transmission lines without going through Vietnam Electricity as an intermediary. Wind, biomass, micro-hydropower, geothermal, wave, and tidal energy plants are also included in the...
Finnish Team Aims for Second Win at Da Nang Fireworks Festival

Finnish Team Aims for Second Win at Da Nang Fireworks Festival

by Teuvo Tuomi | Jun 30, 2024 | China, Art, Culture, Entertainment, Finland, Lifestyle, News, Vietnam

For the first time attending the Da Nang International Fireworks Festival (DIFF), China is competing against Finland, the winner of the 2019 edition. China is only the second team in Asia to attend the 2024 DIFF along with host Vietnam. In the preliminaries, the Joho...
Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam

Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
Vietnam Aims to Start Construction of High-Speed Rail Link

Vietnam Aims to Start Construction of High-Speed Rail Link

by Teuvo Tuomi | Jun 26, 2024 | China, Infrastructure, News, Transportation, Travel, Vietnam, Visions

Work on a 1,500-kilometer high-speed rail link between the northern and southern regions will start in 2026 or 2027, Vietnam’s Minister of Transport Nguyen Van Thang says. Work is set to begin next year, connecting China with the northern province of Lao Cai,...
Indonesia Has Most Large Corporations in Southeast Asia

Indonesia Has Most Large Corporations in Southeast Asia

by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam

For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
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