North-South Expy contractor may be replaced for construction delays
HCMC – Minister of Transport Nguyen Van Thang has sought the suspension of the Hoang Long Construction Investment Corporation if it fails to meet the deadline of the North-South Expy project. The request came after Minister Thang found construction delays in the Mai Son-National Highway 45 section
Haiphong starts work on sea embankment project
HCMC – The government of Haiphong City yesterday, November 17, broke ground on a sea embankment project in the Dinh Vu-Cat Hai Economic Zone. The municipal government earlier assigned the Haiphong management board of urban development projects and economic and industrial zones to serve as the
Japanese firms eye investment in Danang
HCMC – A delegation of 25 Japanese firms led by Kuroiwa Yuji, Governor of Kanagawa Prefecture in Japan, arrived in Danang City on November 17 to visit the city and sound out investment and cooperation opportunities. The Japanese side will hold a trade promotion conference to strengthen the
Food production boosted in preparation for shopping spree
HCMC – Food and beverage manufacturers are ramping up output in preparation for a demand surge at the end of the year. According to an analysis of Mordor Intelligence Inc, a leading market research company, the Vietnam food service market is projected to register a compound annual growth rate of
PM hints at credit growth target expansion
HCMC – Prime Minister Pham Minh Chinh has hinted at expanding the credit growth target to maintain macroeconomic stability. The information was given during a meeting with voters of PM Chinh and the National Assembly deputies delegation of Can Tho City in the Mekong Delta on November 17. PM Chinh
Gov’t approves 400-hectare industrial park project in Dak Nong
HCMC – The Government has given the green light to the Nhan Co 2 industrial park project, which will cover 400 hectares of land in Dak R’lap District in the Central Highlands province of Dak Nong. Tran Van Dieu, head of the Dak Nong government’s office, said on November 17 that Deputy Prime
Business-matching conference series kicks off in HCMC
HCMC – A series of business-matching conferences between HCMC and other localities kicked off at the Phu Tho Indoor Sports Stadium in HCMC yesterday afternoon, November 17, according to the local media. It comprises 500 booths of over 1,000 enterprises from 42 provinces and municipalities. Among
Investment options weighed for Con Dao Airport upgrade
HCMC – Deputy Prime Minister Le Van Thanh has requested the Ministry of Transport and relevant agencies to evaluate two investment options for expanding and upgrading the Con Dao Airport off the coast of Ba Ria-Vung Tau Province. The first investment option suggests the expansion project be
Vietnam sets US$27-billion footwear export target for 2023
HCMC – The country’s leather and footwear export revenue is expected to reach US$25 billion in 2022 and US$27 billion in 2023, according to the Vietnam Leather, Footwear and Handbag Associatiom (LEFASO). Footwear exporters booked US$2 billion in revenue in September, taking the total in the first
Night-time economy development grapples with inadequacies
HCMC – Despite the night-time economy showing a lot of potential, the country’s five biggest cities are finding it tough to develop it due to inadequate investment in infrastructure, according to the Departments of Industry and Trade of these cities. The HCMC Department of Industry and Trade
Fuel shortage drags on in Can Tho, Binh Duong
HCMC – The fuel shortfall continued to linger in the southern province of Binh Duong and the Mekong Delta city of Can Tho, forcing local retailers to put up “out of stock” notifications. The shortage was caused by an inadequate supply from fuel wholesalers. The Vietnam News Agency reported that
CC4 fined for tax rule violation
HCMC – The Hanoi Tax Department has fined Investment and Construction Joint Stock Company No. 4, whose CC4 shares are traded on the Unlisted Public Company Market (UPCoM), for violation of tax rules. The company was slapped with an administrative fine of over VND194 million for a false tax filing
Massive layoffs result from slow order growth
HCMC – Many employees are dealing with reduced work hours or layoffs due to difficulties plaguing the manufacturing sector caused by a lack of new orders. Statistics from the Vietnam General Confederation of Labor (VGCL) showed that in recent months, the work hours of around 562,400 workers had
IDP allowed to resume IELTS tests from today
HCMC – The Ministry of Education and Training has issued a decision allowing IDP Education Limited to cooperate with IELTS Australia Pty Ltd to organize IELTS examinations within five years, starting from November 17. Candidates can take the IELTS tests of IDP at four locations across the country,
Mekong Connect Forum set for next week in Can Tho
CAN THO – The Mekong Connect Forum 2022 with the theme “Actively improve the connectivity and integration for mutual development” will take place in Can Tho City on November 23 and 24. The organizing committee of Mekong Connect 2022 held a press conference yesterday afternoon, November 16,
Additional 8,000 train tickets for Tet revelers
HCMC – The Saigon Railway Transport JSC has announced plans to launch an additional 15 trains with some 8,000 tickets for passengers who want to travel from HCMC to locations between Nha Trang and Hue cities in the central region. According to the Vietnam News Agency, the 15 more trains will serve
