Germany’s PNE AG to develop offshore wind farm in Binh Dinh
HCMC – PNE AG, a German company, has signed a memorandum of understanding with Binh Dinh Province to develop an offshore wind farm. The signing took place at an investment promotion conference held in the province on November 21. With an estimated cost of US$4.6 billion, the offshore wind energy
Long An approves 654-hectare IP project
HCMC – The Mekong Delta province of Long An has presented an investment certificate to Long An Development Invest JSC, a member of SAIGONTEL Group, to develop the 654-hectare Tan Tap industrial park project. The industrial park, which will be located in Tan Tap Commune in Can Giuoc District, will
Some 20,000 PouYuen workers take paid leave amid order shortfall
HCMC – A fall in new orders has forced PouYuen Vietnam, a major footwear manufacturer of Taiwan, to require 20,000 of its employees to take paid leave in rotation for three months, according to the HCMC Labor Confederation. As explained by the most labor-intensive firm in HCMC, the firm’s major
HCMC proposes shortening fuel price adjustment interval
HCMC – The HCMC People’s Committee has proposed that fuel prices be adjusted every five days, instead of every 10 days, to respond more quickly to global oil price movements. The HCMC government said that 9-20% of 549 fuel retailers in the city had reported daily supply shortfalls since October 1.
Work on Dau Giay-Lien Khuong expy to begin next year
HCMC – The Transport Ministry and Lam Dong and Dong Nai provinces are finalizing preparations to start work next year on the Dau Giay-Lien Khuong expressway. The 200.3-kilometer-long expressway project includes three components, comprising the 60.1-kilometer-long Dau Giay-Tan Phu section costing
Third passenger terminal proposed for Danang airport
HCMC – The government of Danang City is seeking approval from the Ministry of Transport to increase the number of flights and passengers at the Danang International Airport, including building a new passenger terminal to meet rising travel demand. Danang proposed that the ministry raise the
Ministry proposes amending rice import regulations
HCMC – The Ministry of Industry and Trade (MOIT) has written to the prime minister proposing amending Decree 107/2018/ND-CP on rice exports. The ministry said Vietnam usually exports 6-6.5 million tons of rice annually while statistics from the General Department of Vietnam Customs showed that the
Four rates of environmental protection tax on fuels proposed for 2023
HCMC – The Ministry of Finance has proposed applying four rates of environmental protection tax on fuels in 2023 depending on global prices. When the global oil price is below US$70 a barrel, the tax rates would reach the ceiling level of the tax bracket, which is VND4,000 per liter on gasoline,
Vietnam’s three medical universities cooperate with Harvard Medical School
HCMC – The Hanoi Medical University, the Hue University of Medicine and Pharmacy and the University of Medicine and Pharmacy at HCMC have signed a partnership with Harvard Medical School (HMS), a graduate medical school of Harvard University, to set up a program for the training, study, and
PVChem to spend VND125 billion setting up subsidiary
HCMC – PetroVietNam Chemical and Services Joint Stock Corporation, or PVChem, has passed a plan to establish PVChem-CS with total chartered capital of VND125 billion. PVChem, which trades its PVC shares on the Hanoi Stock Exchange, will hold a 100% stake in PVChem-CS. Its subsidiary will
SCG’s Green Innovation makes highlight at APEC 2022, suggesting role models for ESG actions to tackle global challenges
At the 2022 APEC in Bangkok, Thailand on November 18-19, regional leaders discussed global challenges and opportunities for sustainable economic recovery. Among the discussions, the ESG (Environmental, Social, and Governance) landscape was continuously the key highlight. As part of the APEC
Gasoline prices move sideways, oil prices down slightly
HCMC – Domestic retail prices of gasoline saw little change versus 10 days ago, while the prices of oil products, except for heavy fuel oil, fell slightly starting at 3 p.m. today, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The current price of
Exploitation approval required for aquatic products exported to Japan
HCMC – Japan will require an exploitation certificate for four types of aquatic products which Vietnam exports to the Northeast Asian country as of this December. As per Japan’s regulations, a catch certificate or processing statement will apply to aquatic products processed from squids and
Bureaucratic hurdles continue to block housing projects
HCMC – Work on 18 social housing projects in HCMC is moving at a snail’s pace as paperwork roadblocks remain. Of the total, eight have got off the ground this year. Among them are a dormitory in Thu Đuc City’s Linh Trung II Export Processing Zone that will house around 1,000 workers with 360 units
Bac Lieu looks to become nation’s renewable energy center
HCMC – Bac Lieu Province has opted for a green growth and sustainable model to restructure its economy in recent years, aiming to become a renewable-energy center in the Mekong Delta region and the country. According to the local orientation, renewable energy, including wind and solar energy and
S.Korean firm to break ground on clean industrial complex in northern Vietnam
HCMC – The Korea Land and Housing Corporation (LH) will start work on a clean industrial complex in the northern province of Hung Yen on November 25. The complex will cover an area of 1,431,000 square meters along the Hanoi-Haiphong Expressway, which links the Vietnamese capital city with