Investments

The debt-to-GDP ratio of this country has reached a record high of 287.8% in 2023. Vietnam's public debt accounts for about 39-40% of GDP.

At the socio-economic meeting reviewing the results of January and setting the goals for February 2024, held this morning (1/2), the Ho Chi Minh City Institute for Research and Development has presented three economic growth scenarios for the first quarter of Ho Chi Minh City.

With two major businesses paying land use fees, within the last week of the year, Nghệ An's budget revenue has increased by an additional 2,000 billion VND.

While flight bookings from Ho Chi Minh City to other destinations are at a high level, the booking rate for flights from other locations back to Ho Chi Minh City is very low, with many flights being empty.

As part of the Homeland Spring 2024 program in Ho Chi Minh City, this morning (2/2), the overseas Vietnamese delegation had a tour of the City Hall and met with city leaders.

General Secretary Nguyen Phu Trong emphasizes that the entire Party, people, and army are determined to build a more prosperous, civilized, cultured, and heroic Vietnam in accordance with the direction of socialism.

Only in January 2024, the total state budget revenue within the city reached VND 10,763.7 billion, equivalent to 142.1% compared to the same period.

To meet the high demand of passengers during the Tet holiday, Vietnam Airlines will be increasing the frequency of flights on the Hanoi - Dien Bien route. Specifically, there will be additional flights on February 7th - 8th, 2024 (equivalent to the 28th - 29th day of the 12th lunar month, Year of the Cat) and from February 12th - 15th, 2024 (equivalent to the 3rd - 6th day of the 1st lunar month, Year of the Horse).

The economic and social situation in January has achieved positive results, setting the momentum for growth and development throughout the year. The macroeconomy remains stable with controlled inflation, ensuring the maintenance of major balances.

In addition to building strong physical infrastructure, Ho Chi Minh City needs to strengthen its soft connections with other provinces in the region in order to promote economic development. This includes prioritizing the training of skilled workforce and ensuring access to quality healthcare.