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
Vietnam’s exports to Germany grow
HCMC – Vietnam’s exports to Germany have grown strongly since the European Union–Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020. Vietnam’s exports to Germany amounted to US$7.29 billion in 2021, and the first 10 months of this year saw the shipments continuing strong
Steel industry woes may last until mid-2023
HCMC – Steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next year. The Vietnam Steel Association said in its latest report that output of finished steel products in October had slid 16.38% month-on-month and 28.7%
G20 Summit starts, discusses how to recover together
BALI – In his opening remarks at the Group of 20 (G20) major economies summit on Tuesday morning, November 15, on the tourist island of Bali, Indonesia, Indonesian President Joko Widodo said people are responsible for collaborating to save the world and mend the global economy. “We have no option.
Can Tho plans to import sand for expressway project
HCMC – The Mekong Delta province of Can Tho plans to import sand from Cambodia due to an inadequate supply of the material for the Chau Doc–Can Tho–Soc Trang expressway project. Last weekend, Deputy Minister of Construction Le Quang Hung worked with the provincial governments of Can Tho and Hau
N.H.O headquarters certified by LEED
HCMC – The headquarters building of the National Housing Organization Company (N.H.O) has been awarded the Leadership In Energy And Environmental Design (LEED) Certificate by the United States Green Building Council (USGBC) for its eco-friendly design, construction and operation. Speaking at the
High logistics costs erode competitiveness of Vietnam businesses
HCMC – High logistics costs have made the Vietnamese economy less competitive. According to Le Quang Trung, vice chairman of the Vietnam Logistics Business Association, import-export businesses are grappling with increasingly high logistics and transport costs. The cargo shipping time has
Dragon Capital holds higher stake in FPT Retail
HCMC – Dragon Capital has increased its ownership in FPT Digital Retail Joint Stock Company from 4.98% to 5.23%. CTBC Vietnam Equity Fund, a member of Dragon Capital, on November 9 purchased 300,000 FRT shares. The share acquisition made Dragon Capital a large shareholder of FPT Retail, a
Vietnam rice prices gain top spot on global markets
HCMC – The export price of Vietnamese rice stands at the highest spot on global markets, some US$20-50 per ton higher than the rice prices of Thailand and India. In October, Vietnam’s 5% broken rice sold for US$425-430 per ton on average on global markets, the highest since last November,
F88 secures US$60 million loan
HCMC – Personal financial service provider F88 has secured a loan worth US$60 million, or nearly VND1.5 trillion, from two international financial organizations. Of the total, US$50 million is borrowed from CLSA Capital Partners via Lending Ark Asia Secured Private Debt Funds, and the balance from