HSBC helps Masan Group access US$600-million loan facility
HCMC – HSBC Vietnam has worked with several other banks to provide Masan Group Corporation, or Masan, and the Sherpa Company Limited, a subsidiary of Masan, with a US$600-million syndicated term loan to facilitate their investment. The loan aims to support Masan’s strategic long-term objectives
Kien Giang tourism bounces back strongly
HCMC – The Mekong Delta province of Kien Giang attracted almost 6.6 million visitors in the first 10 months of this year, up over 180% year-over-year. Kien Giang and other provinces restricted travels last year due to the fourth wave of the Covid-19 pandemic, so they have obtained strong travel
Fuel firms continue grappling with import woes
HCMC – A tight oil supply caused by Western sanctions against Russian exports and a surging demand for oil products of the EU have been blamed for Vietnam’s ongoing fuel shortages. The Vietnam Petroleum Association said it is increasingly difficult to import fuels, worsening gasoline shortages in
Vietnam’s first macadamia shipment sent to Japan
HCMC – Krong Nang District in the Central Highlands province of Dak Lak transported a container of macadamia nuts to Japan on November 9, marking the first shipment of macadamia products from Vietnam to the Northeast Asian nation. The six-ton shipment of more than 2,200 packets of dry-roasted
HCMC awaits green light for Can Gio transshipment port project
HCMC – A proposal to include the Can Gio international transshipment port project in the detailed planning for Group-4 seaports has been submitted many times, but there is still no response from the Transport Ministry, said a representative of the Saigon Port Joint Stock Company. The Saigon Port
HCMC proposes three options for Beltway 4 direction
HCMC – The HCMC Department of Transport has proposed three options for the direction of the Beltway No. 4 project in the city to reduce site clearance and construction costs. The options have been sent to the HCMC People’s Committee for consideration after public-private partnership (PPP) has been
Banks trim corporate bond holdings
HCMC – Commercial banks have reduced their holdings of corporate bonds amid a bleak bond market outlook and credit crunch. Techcombank, one of the biggest holders of corporate bonds, has cut its holdings by 12% over the previous quarter to VND43,500 billion, a steep fall of 43.3% compared to
KBC chairman to buy 50 million shares
HCMC – Dang Thanh Tam, chairman of Kinh Bac City Development Holding Corporation, whose KBC shares are traded on the Hochiminh Stock Exchange, has registered to buy 50 million KBC shares to raise his stake in the firm. The transaction will be conducted from November 15 to December 14. Tam will
Food import prices increase as dollar rises
HCMC – Imported food prices have risen by 5-10% due to the weakening of the Vietnamese dong currency against the U.S. dollar. The dollar rise has benefited exporters but made life difficult for importers. Pham Ngoc Hung, vice chair of the HCMC Union of Business Associations, said the exchange rate
QTSC, HCA join InfoComm Southeast Asia 2022 in Thailand
HCMC – QTSC cooperated with HCA to send a trade promotion delegation to the InfoComm Southeast Asia 2022 in Bangkok, Thailand, which took place between November 2 and 4, to sound out cooperation opportunities and learn new technology trends. InfoComm Southeast Asia 2022, Asia’s premier
Vietnam’s Jan-Oct rice exports meet 93-96% of full-year target
HCMC – Vietnam exported six million tons of rice worth nearly US$3 billion in the first 10 months, an increase of 17% in volume and 7% in value compared to last year, according to data from the Ministry of Agriculture and Rural Development. This export value represents 93 -96% of the full-year
Four expys to be opened to traffic by year-end
HCMC – The Ministry of Transport has ordered four sections of the North-South expressway project be opened to traffic before December 31 this year. The four sections are Cam Lo-La Son, Mai Son-National Highway 45, Vinh Hao-Phan Thiet and Phan Thiet-Dau Giay, the local media reported. Minister of
Binh Duong puts new FDI approvals at US$2.7 billion in Jan-Oct
HCMC – The southern province of Binh Duong has emerged as the second most preferred destination for foreign direct investment (FDI) in Vietnam, attracting US$2.7 billion in new FDI pledges in January-October, the provincial government reported. The figure shot up 57% over the same period last
Haiphong container terminal handles one-millionth TEU
HCMC – The Haiphong International Container Terminal (TC-HICT) in the northern port city of Haiphong handled its one-millionth twenty-foot equivalent unit (TEU) from Maersk Copenhagen container ship yesterday, November 9. Doan Hai Tuan, chairman of TC-HICT’s Member Council, said the achievement
Domestic steel demand continues sliding
HCMC – Dampened demand has lingered in the local steel market, leading to output and sales declining in October, according to data recently released by local steelmakers. Hoa Phat Group (HPG), a major Vietnamese steelmaker, saw its raw steel production down 19% year-on-year at 567,000 tons in
Vietnam attends global travel and tourism event in London
HCMC – Twenty large Vietnamese travel and tourism companies projected a new image of the country post pandemic through a variety of products and services at the World Travel Market London 2022 from November 7 to 9, This is the first major global travel and tourism event which Vietnam attended