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
Sustainable tourism seminar held at Phu Yen’s waterfall
HCMC – The Saigon Times Group, in coordination with Tuy An District People’s Committee, organized the “Phu Yen – Whispers of Rocks and Water” seminar on sustainable tourism in the central province of Phu Yen yesterday morning, November 18. This is the first time a tourism seminar was held amid the
Vingroup breaks ground on VND6-trillion EV battery plant
HCMC – VinES Energy Solution JSC, a unit of Vingroup, broke ground on the first phase of the lithium battery facility at the Vung Ang economic zone yesterday, November 18, according to the local media. With an investment of over VND6 trillion, the project will cover over 14 hectares in the
Vietnam eyes US$47 billion in apparel exports in 2023
HCMC – Vietnam’s textile and garment export revenue is expected to hit US$47 billion in 2023, according to the Vietnam Textile and Apparel Association (VITAS). Speaking at a press briefing on November 18, VITAS Chairman Vu Duc Giang forecast the country would see strong growth in apparel exports
Danang revokes long-stalled railway station project
HCMC – Danang City has decided to revoke the 18-year railway station project in Lien Chieu District, the local media reported. Le Quang Nam, vice chairman of the Danang People’s Committee, on November 17, ordered termination of the city’s railway station construction plan in an area encompassing
Thu Dau Mot Water to make capital contribution to water services firm
HCMC – Thu Dau Mot Water Joint Stock Company, which trades its TDM shares on the Hochiminh Stock Exchange, has passed a plan to spend VND12 billion purchasing 1.2 million shares of Gia Tan-Cam My Water Company, or acquiring a 20% stake in the latter. Gia Tan-Cam My Water Company was established on
Tiki joins hands with NZTE to diversify products
HCMC – The New Zealand Trade and Enterprise (NZTE) and Tiki, a prominent Vietnamese e-commerce platform, have signed a Memorandum of Understanding (MoU) to allow New Zealand businesses to sell their products on the platform and gain access to millions of Tiki customers. The MoU signing was part of
Obstacles plaguing property development expected to be removed
HCMC – Prime Minister Pham Minh Chinh has formed a working group that will adopt measures to remove difficulties plaguing property projects in HCMC, Hanoi and other municipalities. The working group will be led by Minister of Construction Nguyen Thanh Nghi. Deputy Governor of the State Bank of
