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
Vietnam aims for 100 more golf courses by 2025
HCMC – Vietnam aims to double the number of golf courses to 200 by 2025 to boost the country’s golf tourism and attract international golfers. The country now has about 100 golf courses, Nguyen Trung Khanh, head of the Vietnam National Administration of Tourism, told a recent meeting with Paul
Vietnam’s online exports grow strongly
HCMC – Online exports have grown sharply this year, with the number of Vietnamese firms listing their products on Amazon skyrocketing by 80% over the same period last year. Online export is a form of cross-border trade using an e-commerce platform. From 2020 to 2027, international e-commerce trade