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
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
