Hcmc

ADB seeks HCMC support for southern economic corridor By Kinh Luan - The Saigon Times Daily HCMC – The Asian Development Bank (ADB) expects the HCMC government to hold some events in support of a project to develop a Southern Economic Corridor (SEC) linking Bangkok of Thailand, Phnom Penh of Cambodia, and Vietnam’s HCMC and Vung Tau. Speaking at a meeting with city chairman Le Hoang Quan on Thursday, ADB country director for Vietnam Ayumi Konishi said Quang Tri Province and Danang City had popularized the East-West Economic Corridor project linking Myanmar, Laos, Thailand and Vietnam. “We hope the city will do the same things for the SEC,” said Konishi. Quan said the SEC is one of the busiest highways in Vietnam now. “We want to expand it but the Cambodian Government has yet to agree.” The two sides also discussed other infrastructure projects funded by ADB loans, including metro line No. 2 and Saigon Water Supply Corporation’s projects. Quan … [Read more...] about ADB seeks HCMC support for southern economic corridor

CPI jumps in HCMC, Hanoi HCMC – The consumer price index is forecast to jump to an 11-month high in November in the country’s two largest cities, HCMC and Hanoi. HCMC’s CPI has risen by 1.73% month-on-month in November compared to the previous month, the highest increase since the beginning of the year, according to the city’s Statistics Office. The figured has jumped 9.13% over the same period in 2009 and 7.84% against last December, local media reports. Prices of 11 groups of commodities increased sharply this month with food and restaurant services taking the lead at 2.76%. Food surged a hefty 6.65%, while foodstuffs rose 2.88% and restaurant and beverage services increased 0.67%. Goods and services followed with a 2.12% increase and housing-electricity-fuel and construction material group went up 1.74%. Medicine and health care services increased by 1.49% and household utensils and appliances rose 1.26%. Post and telecommunications and education, had the … [Read more...] about CPI jumps in HCMC, Hanoi

HCMC – This month has witnessed a slight increase in the consumer price index (CPI) of the country’s two biggest cities Hanoi and HCMC, up by 0.29% and 0.28% respectively, according to the official website www.chinhphu.vn. Hanoi’s CPI in November still suffered from the biggest impact of the food price uptrend. Meanwhile, foodstuff prices continued to decline 0.39% against last month. Transport along with post and telecommunications saw prices dwindle by 0.23% and 0.02% respectively. CPI in Hanoi has been at a low level in the past few months, with the figure in October only rising by 0.13% month-on-month. Still, CPI may inch up until Lunar New Year (Tet) holiday as the prices often surge at this time of the year. In HCMC, the prices of food products were pushed up by scarce supply as well as increasing export rice prices. Despite the drop of 0.07% in foodstuff prices, the prices of food and dining service rose by 0.81% in general. Meanwhile, the drop in prices of … [Read more...] about CPI inches up in Hanoi, HCMC

HCMC sees slight increase in June CPI By Minh Tam - The Saigon Times Daily HCMC – The city’s consumer price index (CPI) is expected to increase by 0.69% this month from May, which was the lowest level in the last eight months. The HCMC Statistics Office said that the CPI of 0.69% in June is driven by prices of ten among 11 item groups that have increased. Only postal and telecommunication service prices are unchanged, while entertainment and travel services rise by 1.56% as this month starts the summer holiday. The June CPI of HCMC increases by 11.54% from late last year and 16.53% year-on-year. Meanwhile, the June CPI of Hanoi is expected to increase 1.21%. … [Read more...] about HCMC sees slight increase in June CPI