218 firms shortlisted as prestigious exporters of 2021
HCMC – The Ministry of Industry and Trade has announced that 218 enterprises made it to the “Prestigious Exporters in 2021” shortlist. These entities were selected from 287 enterprises in 27 sectors recommended as “Prestigious Exporters of 2021”. The shortlist is based on export turnover, business
Petrolimex gas stations in Hanoi stay open 24/7
HCMC – The Vietnam National Petroleum Group (Petrolimex), the nation’s leading fuel trading company, has said it is keeping its all gas stations in Hanoi open 24/7 to meet the strong demand for gasoline. From now until November 13, all 96 Petrolimex gas stations in Hanoi are open round the clock.
KBC gets nod to expand Quang Chau IP
HCMC – Saigon-Bac Giang Industrial Park JSC, a subsidiary of Kinh Bac City Development Holding Corporation (stock code KBC on the Hochiminh Stock Exchange), has got approval to expand the Quang Chau industrial park. Under the decision signed by the prime minister on November 4, the industrial park
Many int’l flights expected to arrive in Phu Quoc
HCMC – Many international flights will arrive in Phu Quoc Island off the Mekong Delta province of Kien Giang in the coming months, said a Phu Quoc international airport representative. The airport on November 6 welcomed an LOT Polish Airlines flight from Warsaw, Poland, the local media reported.
Industrial real estate sector maintains growth momentum
HCMC – The growth prospect of the country’s industrial real estate market is bright, with ample new supply in the third quarter of 2022. The real estate market saw a substantial increase in supply between July and September due to the introduction of many new projects, according to the Housing and
G-bond coupons rise again
HCMC – Coupons of 10-year and 15-year Government bonds have risen 100 and 80 basis points to 4% and 4.1% annually in both primary and secondary markets, respectively. Data from the Hanoi Stock Exchange showed that 30 lots of G-bonds were auctioned in the primary market in October. Of the total, 10
Pork imports may ebb away late this year
HCMC – Vietnam’s meat imports will not spike later this year, while pork imports are likely to decrease, the Ministry of Industry and Trade (MOIT) reported. Data from the General Department of Vietnam Customs showed Vietnam imported over 191,000 tons of meat and meat products worth some US$417
Construction Ministry orders review of aging apartment buildings
HCMC – The Ministry of Construction has told local authorities to review aging apartment buildings and quickly upgrade and repair deteriorating ones as soon as possible. The ministry also asked provinces and cities to allocate funds for apartment repair and upgrade projects and direct the
HCMC needs more multistorey carparks
HCMC – The government of HCMC will build more multistorey carparks in the coming time to meet the huge demand for parking spaces. According to Ha Ngoc Truong, vice chairman of the Association of Bridges, Roads and Ports in HCMC, the general planning on bus stations and parking spaces lacks
Binh Dinh seeks to develop international airport
HCMC – The provincial government of Binh Dinh has written to the Ministry of Transport proposing developing the Phu Cat airport into an international one. The upgrade of the airport is necessary as it is overwhelmed, especially on national holidays such as Tet, Nguyen Tu Cong Hoang, vice chairman
Poongin is determined to make Vietnam the global production hub
For 33 years specializing in creating high-end fashion products to an extreme of exceptional quality, Poongin is increasingly asserting its position in the market. Still, it is not an achievement anyone can attain over one night. As the name implies, it represents a South Korea -Vietnam journey of
Order shortfall raises concerns among businesses
HCMC – HCMC, the nation’s economic center, has seen 51 producers in 17 processing zones and industrial parks reporting an order shortfall, which has forced many of them to resort to mass layoffs. According to the authority of the processing zones and industrial parks in HCMC, 51 businesses with
FPT Retail to raise stake in Long Chau drugstore chain
HCMC – FPT Digital Retail JSC, which trades its FRT shares on the Hochiminh Stock Exchange, has passed a plan to pour an additional VND225 billion into its affiliate FPT Long Chau Pharma JSC to raise its ownership in the latter. After the capital contribution, FPT Retail will raise its stake in
Vietnam considers high-speed rail line
HCMC – The Ministry of Planning and Investment has thrown its weight behind a North-South express railway with a maximum speed of 180-250 km per hour as proposed by the Ministry of Transport. Both ministries will look into assessments by consultants, ask the Government for instructions and clarify
Rumors of sharp consumer price rises denied
HCMC – The head of the Price Statistics Department at the General Statistics Office (GSO), Nguyen Thu Oanh, has rejected rumors that consumer prices have soared 10-20% this year. The GSO said in a recent release that rent rose again due to the high demand and some localities increased tuition fees
Int’l agriculture fair generates VND20 billion in sales
CAN THO – The Vietnam International Agriculture Fair 2022 at the Can Tho Promotion Agency (CPA) ended last night, November 6, earning total sales revenue of around VND20 billion. The fair attracted over 100,000 visitors in five days, from November 2 to November 6, according to Nguyen Thi Kieu