HCMC handles obstacles to aging apartment buildings
HCMC – The HCMC Department of Construction will team up with relevant departments and agencies to remove hindrances the old apartment buildings in the city relating to house rent calculation, temporary residence arrangement, compensation for rehabilitation and calling for investment. According to
Daklak to phase out elephant riding
HCMC – The Central Highlands province of Daklak has given the green light to a tourism project designed to protect the elephant population, the local media reported. Under a proposal of the Daklak Department of Planning and Investment, the provincial government approved a non-refundable aid
An Phat Holdings eyes higher stake in bioplastics subsidiary
HCMC – An Phat Holdings Joint Stock Company (APH) has registered to buy two million AAA shares of its subsidiary An Phat Bioplastics Joint Stock Company (AAA) from November 21 to December 20 this year to increase its ownership in the latter. APH now holds nearly 199.8 million AAA shares, or a
Sleeper buses may be banned from inner-city roads in mid-December
HCMC – The HCMC Department of Transport wrote to the HCMC People’s Committee today proposing banning sleeper buses from entering inner-city areas from 6 a.m. to 10 p.m. from December 15. The proposal comes as the city is struggling to deal with the rise in illegally established interprovincial bus
MOT to start 12 subprojects under North-South Expressway in 2022
HCMC – The Ministry of Transport (MOT) will commence 12 packages of auxiliary projects under the North-South Expressway project’s second phase by the end of the year. The projects will cover a total length of 723.7 kilometers, including 260.9 kilometers of the Ha Tinh-Quang Tri section, 352
Ministry seeks feedback on fuel management and regulations
HCMC – To mitigate the ongoing fuel shortage, the Ministry of Industry and Trade has drafted two official dispatches on the management and regulations on trading fuel and sent them to authorities. In the documents, the ministry asked for feedback from provincial and municipal governments and
Can Tho to break ground on VND4-trillion beltway project
HCMC – A beltway project west of Can Tho City will get off the ground tomorrow, November 17, with an investment of nearly VND4 trillion, according to the Can Tho Department of Transport. The project will connect National Highways 91 and 61C, and pass through five districts and towns in Can Tho,
TC Group opens second Hyundai assembly factory
HCMC – TC Group and Hyundai have put the Hyundai Thanh Cong Manufacturing Vietnam Factory No. 2 into operation in the northern province of Ninh Binh. The facility, which covers over 50 hectares of land in the Gian Khau industrial park in Gia Vien District, is expected to turn out 100,000 Hyundai
Railway across Hai Van Pass proposed for renovation
HCMC – Vietnam Railways has written to the Ministry of Transport proposing renovating and reinforcing the railway section across Hai Van Pass to ensure safety and enhance the effectiveness of the North-South railway. Recent storms and heavy rains have caused landslides and destroyed the
Corporate bond sales plunge
HCMC – The bond market is going downhill, with a plunge in corporate bond sales volumes between January and October, the Ministry of Finance said in a recent report. Bond sales in the 10-month period dipped 25.2% over the same period in 2021 to VND328.9 trillion, with over half of the bonds being
HCMC airport expansion project to get 4.5 hectares of military land
HCMC – Around 4.5 hectares of military land will be handed over to the Airports Corporation of Vietnam (ACV) to develop the terminal T3 project at the Tan Son Nhat International Airport in HCMC. HCMC Vice Chairman Bui Xuan Cuong urged the land handover at a recent meeting on land for terminal T3,
Dong Nai’s industrial zones attract US$900 million of FDI in Jan-Oct
HCMC – The industrial zones in the southern province of Dong Nai reported US$900 million in new foreign direct investment (FDI) approvals, reaching 129% of the target. There are 23 foreign-invested projects in supporting industries, with total pledged capital of US$231 million. Most of these
Vocarimex to divest from Calofic
HCMC – Vietnam Vegetable Oils Industry Corporation (Vocarimex) has announced a plan to divest from Calofic Corporation, a cooking oil joint venture between Vocarimex and Singapore’s Wilmar International Limited. The Vocarimex management board decided to restructure its investment in Calofic and
Tram Chim National Park investment project approved
HCMC – The Dong Thap People’s Committee has approved a project for forest management and sustainable ecosystem development at the Tram Chim National Park for the 2021-2025 period, according to the local media. The project will cost VND73 billion, of which VND50 billion will come from the State
Environmental remediation project launched
HCMC – The Ministry of Natural Resources and Environment (MONRE) today, November 15, launched a project to reduce pollution in cooperation with Winrock International and the United States Agency for International Development (USAID). The project is expected to be carried out in five years with an
Binh Dinh approves VND53.5-trillion steel project
HCMC – Long Son Phu My Iron and Steel JSC has got the green light from Binh Dinh Province to develop an iron and steel complex at a total cost of some VND53.5 trillion. According to the Binh Dinh Investment Promotion Center, the Long Son Iron and Steel Production Complex project would cover over
