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
Relevant agencies, firms asked to join hands to ease fuel shortage
HCMC – The Ministry of Industry and Trade has written to the relevant ministries, agencies, firms and local authorities urging them to join hands to tackle the ongoing fuel shortfall. In its recent dispatch, the ministry said that the number of gas stations suspending operations is on the rise, so
Shipping firms report hefty profits in Jan-Sept
HCMC – Many sea transport service providers booked huge profits between January and September, driven by the robust transport demand. In the first nine months, PetroVietnam Transportation Corporation made over VND1 trillion in pretax profit, beating its full-year target by 72%. In the third
Tan Phu-Bao Loc expy proposed
HCMC – An inter-agency appraisal council has sent a report to the prime minister on investment policy for an expressway connecting Tan Phu District, Dong Nai Province, and Bao Loc City, Lam Dong Province. The council has submitted the pre-feasibility study for the project to the PM, seeking
Mekong Delta provinces seek to expand markets for produce
HCMC – The authorities in the Mekong Delta are seeking initiatives to promote trade and expand markets for local products, especially farm specialties. The Mekong Delta provinces attended a conference in Soc Trang Province on November 3 to boost supply and demand connectivity. On the occasion, Soc
VSUN to build US$200-million solar panel plant in northern Vietnam
HCMC – The northern mountainous province of Phu Tho on November 3 presented Vietnam Sunergy Joint Stock Company (VSUN) an investment certificate for a solar panel manufacturing project. The project, covering 13 hectares in the Cam Khe Industrial Zone, will require US$200 million and employ up to
