PM orders prompt solution to fuel shortage
HCMC – The Ministry of Industry and Trade is told to expedite drastic measures to handle the current fuel shortage, directing wholesalers to supply sufficient gasoline to the market. In an official dispatch sent to relevant ministries on November 11, Deputy Prime Minister Le Minh Khai said the
HSBC supports Vietnam for sustainability goals
HCMC – HSBC Vietnam and the Ministry of Natural Resources and Environment have signed a memorandum of understanding (MOU) to collaborate on the Environment, Social and Governance (ESG) agenda. Under the MOU signed on the sidelines of the ongoing 27th United Nations Climate Change Conference of the
Defense Ministry agrees to build specialized airport in Binh Phuoc
HCMC – The military airfield in Hon Quan District, Binh Phuoc Province, is being considered for conversion to a specialized airport. The Ministry of National Defense has approved the proposal of the southern province of Binh Phuoc to develop a specialized airport at the location of the former one
Banks offer high rates to attract demand savings
HCMC – With the ratio of current account, savings account (CASA) having dropped sharply in the last nine months, many banks have raised interest rates for demand savings and deposits to attract more cash since the State Bank of Vietnam (SBV) recently hiked key interest rates. The CASA ratio is
Minimum monthly salaries for public employees set to rise in mid-2023
HCMC – The National Assembly of Vietnam has decided to raise the minimum monthly salary to VND1.8 million as of July 1, 2023. On November 11, at the fourth meeting of the 15th National Assembly, the NA passed a resolution on the state budget for 2023. Accordingly, the minimum monthly salary for
Transport Ministry moots shortening toll collection period for Highway 51
HCMC – After 15 rounds of negotiations, the Department for Roads of Vietnam under the Ministry of Transport and the investor have yet to agree on when to stop toll collection on National Highway 51. Under the project agreement, the estimated toll collection period would last 20 years and six
British Council resumes Aptis tests in Vietnam
HCMC – The Ministry of Education and Training has approved the resumption of Aptis testing at the British Council and four other companies two days after several foreign language examinations were postponed. The four other companies with testing approval from the ministry comprise Vietnam Trading
Fuel prices increase for fourth straight time
HCMC – Domestic fuel retail prices continued to rise further from 3 p.m. yesterday, November 11, marking the fourth consecutive hike. RON 95-III gasoline increased by VND1,100 to VND22,870 per liter and E5 RON 92 bio-gasoline rose by VND840 to over VND22,700 per liter. Kerosene is now priced at
HCMC businesses to recruit 43,000 workers in run-up to Tet
HCMC – The demand for new employees in HCMC is estimated to reach 43,000 in the last two months of this year, said Nguyen Van Lam, deputy director of the HCMC Labor, Invalids and Social Affairs Department. Job vacancies are mainly in the commerce-service and consumer goods fields, textile,
Vietravel Airlines launches its first int’l air service
HCMC – Local carrier Vietravel Airlines began offering tickets for regular international flights on its first international route linking Hanoi/HCMC with Thailand’s Bangkok from 11 a.m. today, November 11. The flights operated by the carrier on the Hanoi/HCMC-Bangkok route are scheduled to take
PTB cancels share issue plan
HCMC – Phu Tai JSC, which trades its shares on the Hochiminh Stock Exchange under stock code PTB, has decided to shelve its share issue for its existing shareholders and the employee stock ownership plan. The cancellation is aimed at ensuring the interests of shareholders amid stock market
Corporate bond issues grind to a halt
HCMC – Corporate bond issues have virtually ground to a halt, with a zero-issue streak stretching from October to November 4, the Vietnam Bond Market Association (VBMA) said, citing data from the Hanoi Stock Exchange and the State Securities Commission. Bonds offered to the public have plunged
Thousands of businesses to be supported with digital transformation
HCMC – The Vietnam Young Entrepreneurs Association (VYEA), the Vietnam Software and IT Services Association (VINASA) and FPT Corporation have cut a deal to support 12,000 members of VYEA nationwide with digital transformation. The partnership is also aimed at speeding up sustainable digitalization
Binh Dinh pours over VND2.6 trillion into key road projects
HCMC – Binh Dinh Province has approved two arterial road projects with a total investment of over VND2.659 trillion. The first arterial road connecting National Highway 19C with Quy Nhon Port is around 6.35 kilometers long, starting at the Dieu Tri interchange in Tuy Phuoc District and ending at
PM orders monthly report on public investment disbursement
HCMC – As the disbursement of public investment is still far lower than expected, the prime minister has asked relevant departments to speed up the progress and submit monthly reports on the results in the last months of 2022 and the beginning of 2023. The public investment disbursement between
Gov’t approves investment in Tan Phu-Bao Loc expy project
HCMC – Deputy Prime Minister Le Van Thanh has approved a plan to develop the Tan Phu-Bao Loc expressway project under the public-private partnership format, the provincial government of Lam Dong announced yesterday, November 10. The 66-kilometer-long expressway will link Tan Phu District in Dong