Flood tides threaten HCMC’s low-lying areas
HCMC – The low-lying areas in HCMC are predicted to suffer flooding as flood tides on rivers and canals rise slowly to high levels from November 7 to 10, according to the local authority. Water levels at stations downstream of the Saigon River and Dong Nai River will swell slowly in the next two
Hau Giang to invest VND1.2t in anti-flooding project
HCMC – Nga Bay City in the Mekong Delta province of Hau Giang will receive more than VND1.2 trillion to implement a green urban project that would help control flooding and improve the environment in the area. The project will be executed in the 2023-2026 period, tapping over VND780 billion of
Savings rate hikes ease
HCMC – Commercial banks have been in a race to hike savings rates to attract clients, especially since the State Bank of Vietnam’s two recent interest rate increases. But savings rates have fallen below 10%-11% which were briefly reached. A report from the Analysis Center at SSI Research showed
EuroCham to hold green economy forum in HCMC in late Nov
HCMC – The European Chamber of Commerce in Vietnam (EuroCham Vietnam) will hold the Green Economy Forum & Exhibition (GEFE) 2022 in HCMC from November 28 to 30. The event is expected to advance EU-Vietnam sustainable development cooperation through comprehensive dialogues, investment
WB warns of job losses amid digital transformation
HCMC – The World Bank has said that if Vietnam’s pool of skilled workers falls short of what is required by a rapid digital transformation process, the economy could lose as many as two million jobs by 2045. Under the dual impacts of the digital age and the pandemic, the future of work for Vietnam
BR-VT budget revenue in Jan-Oct beats year’s target
HCMC – Ba Ria-Vung Tau Province’s budget revenue in the year to October surpassed the year’s estimate by 131% and rose 31.7% year-on-year, the provincial government reported. Of the total, domestic sources accounted for over VND38,000 billion, equivalent to nearly 110% of the full-year target, up
Pangasius fish exports grow strongly
HCMC – Pangasius fish exports had amounted to US$2 billion in the year to mid-October, an increase of 81% over the same period last year. According to the Vietnam Association of Seafood Exporters and Producers, this is the strongest growth rate among Vietnam’s aqua-product exports this year.
Additional 3,000 train tickets go on sale for Tet holiday
HCMC – The railway industry will offer 3,000 more train tickets to meet the strong travel demand during the 2023 Lunar New Year holiday (Tet). The 3,000 tickets will be for the routes from Saigon, Di An and Bien Hoa train stations to those in central provinces such as Tuy Hoa, Dieu Tri, Quang Ngai
HCMC needs VND210 trillion to build six more metro lines
HCMC – The HCMC Transport Department has sent a report to the municipal government on completing the urban railway system following the Transit Oriented Development (TOD) model. As part of the department’s plan, the urban railway system in HCMC will comprise eight axis routes connecting the city’s
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
