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
Home prices edge up in Q3
HCMC – The third quarter of this year saw prices of detached homes and condos growing across the country’s urban centers, particularly in Hanoi and HCMC. The average condo price in HCMC between July and September was VND66.7 million per square meter, up 1% over the second quarter, according to
Ports see Jan-Oct cargo throughput rising 3% y-o-y
HCMC – Cargo throughput at ports nationwide reached 608.3 million tons between January and October, meeting 84% of the year’s target and rising by 3% year-on-year, according to the Vietnam Maritime Administration. According to SSI Research, the shipping sector’s growth prospects remained grim in
VAT refund delays spell trouble for wood exporters
HCMC – Replanted-forest wood exporting businesses are finding it tough to claim VAT refunds, which have reached VND1,000 billion since January this year. The Association of Vietnam Timber and Forest Product (VIFOREST) has written to the Ministries of Agriculture-Rural Development and Finance,
HCMC wants stronger cooperation with South Australia
HCMC – Nguyen Van Nen, secretary of the HCMC Party Committee, met Governor of South Australia Frances Adamson in HCMC during her visit to Vietnam on November 8. Speaking at the event, Nen thanked the Australian Government and people for their timely support of 26 million doses of Covid vaccines
Lenders told to meet fuel importers’ credit needs
HCMC – The central bank governor has written to commercial banks urging them to give fuel companies priority access to new loans. In an official dispatch sent to bankers, the State Bank of Vietnam (SBV) stated that fuel is a strategic commodity, so it plays an important role in macroeconomic
Vietnam imports CBU cars mostly from Indonesia, Thailand and China
HCMC – September saw Vietnam importing 18,303 completely-built-up (CBU) cars, mainly from Indonesia, Thailand and China, according to data from the General Administration of Vietnam Customs. According to the Ministry of Industry and Trade, the 18,303 CBU cars imported into Vietnam in September
PNJ to issue over 82 million bonus shares
HCMC – Phu Nhuan Jewelry JSC, which trades its shares on the Hochiminh Stock Exchange with stock code PNJ, will issue over 82 million bonus shares to raise its charter capital. These shares will be issued at a ratio of 3:1, meaning that for every three shares held, stakeholders are entitled to one
