HCM City to use municipal budget for Metro Line No. 2 project

As part of a broader initiative to develop 355km of urban railway, three transit-oriented development (TOD) sites have been designated along Metro Line No. 2, including 5.1ha in Tan Binh, 26ha in Tan Phu, and nearly 41ha between District 10 and Tan Binh.

Experts emphasised that TOD is vital for managing urbanisation, reducing congestion, and promoting economic growth.

The city’s first metro line, the Ben Thanh - Suoi Tien, began operations on December 22, 2024 after years of delays, and has already served more than 4.5 million passengers to date.Vietnam is characterised by a motorbike culture, particularly in major cities such as HCM City and Hanoi, both of which face worsening traffic congestion.

The city’s metro line system is expected to help mitigate this issue by encouraging the use of public transport.

Economy

Measures needed to adapt to US tariffs: Experts
Economy

Measures needed to adapt to US tariffs: Experts

Economists underlined the need for Vietnamese Government and businesses to apply measures to adapt to the new tariff policy of the US to maintain growth during a meeting held by the Ho Chi Minh City Department of Industry and Trade on April 8.

Proposed VAT reduction expected to boost consumption, businesses' growth
Economy

Proposed VAT reduction expected to boost consumption, businesses' growth

The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth.

Aquacultural cooperation exemplifies Vietnam - Cuba relations
Economy

Aquacultural cooperation exemplifies Vietnam - Cuba relations

Floating fish cages on La Juventud reservoir in Palacios town, Pinar del Rio province, stand as a testament to the Vietnam – Cuba friendship as Vietnam's tilapia farming technology has transformed this region into a key aquacultural hub, contributing to the Caribbean nation’s food security.