Investors cut deals to develop ready-built factories, logistics infrastructure
HCMC – BW Industrial Development Joint Stock Company (BW) and SEA Logistics Partners have signed an agreement with the Saigon Telecom Technology Joint Stock Company (SaigonTel) to develop ready-built factories and logistics infrastructure in Thai Nguyen Province. On November 2, SaigonTel began
Railway companies report profits after two years of losses
HCMC – Hanoi and Saigon railway companies, the two subsidiaries of the Vietnam Railway Corporation (VNR), reported their respective after-tax profits of almost VND35.2 billion and over VND38.3 billion in January-September. Hanoi Railway in its financial report said its revenue from January to
Vietnam’s economy rebounds strongly
HCMC – Vietnam’s economy has seen strong recovery this year, according to data from the General Statistics Office of Vietnam. The vibrant post-pandemic economic growth of Vietnam has been facilitated by controlled inflation and macroeconomic stability. Between January and October, foreign trade
Central bank says real estate loans restricted to ensure safety for banks
HCMC – Vietnam’s central bank governor has said real estate loans are being restricted to protect commercial banks and control inflation. Speaking at a Q&A session of the National Assembly today, November 3, Nguyen Thi Hong, governor of the State Bank of Vietnam (SBV), said that at a time when
Ha Do’s major shareholder sells nearly one million shares
HCMC – Nguyen Phuong Dong, a major shareholder of Ha Do Group JSC, which trades its HDG shares on the Hochiminh Stock Exchange, has sold 930,000 HDG shares. The share sale sent Dong’s ownership in the real estate company falling to 16.2 million shares, or a 6.62% stake. In mid-September, Viet
HCMC proposes establishing fuel market monitoring team
HCMC – The HCMC Department of Industry and Trade has written to the city government proposing setting up a team in charge of tackling issues with fuel supply in the city. The team will be responsible for monitoring the fuel market, proposing solutions to tackle shortcomings in the fuel supply
Vietnam has one more digital transformation center
HCMC – ITG Technology JSC has launched a digital transformation center to support businesses with digital transformation. The ITG DX Digital Transformation Center will provide firms with knowledge about basic digital transformation and experience from many leading experts. ITG’s experts will help
Binh Dinh to host conference on promoting investment from Germany
DANANG – The south-central province of Binh Dinh will hold the “Hybrid Conference on Promoting Investment From German Enterprises” on November 21. The conference is expected to attract 100-120 representatives from German businesses and organizations, as well as 50 firms operating in Binh Dinh.
HCMC tax agency told to provide information about over 700 businesses
HCMC – The HCMC Tax Department has been told to provide the Ministry of Public Security (MPS) with information about over 700 companies active in the southern city to help with an ongoing investigation. The required information includes tax codes, financial reports, tax returns and business
PM orders swift action amid short supply of fuel
HCMC – The prime minister has issued a telegram ordering the relevant ministries and agencies to take swift action to cope with the ongoing fuel supply disruptions. The prime minister asked the Ministry of Industry and Trade to promptly review fuel trading regulations and propose supplementing and
Half of animal feed material to be sourced from local suppliers
HCMC – Animal feed prices show no signs of declining, putting livestock farmers on tenterhooks. The Ministry of Agriculture and Rural Development plans to send the Government a draft decree on production support policy aimed at ensuring at least 50% of animal feed material will be locally sourced.
US$1.3-billion LEGO plant gets off ground in Binh Duong
HCMC – Danish company LEGO today, November 3, broke ground on a US$1.3-billion plant in the southern province of Binh Duong. The environmentally friendly facility, covering 44 hectares of land at the Vietnam-Singapore Industrial Park, will be LEGO’s sixth plant in the world and its second in Asia,
Vietnam’s new overseas investment capital increases
HCMC – Vietnam’s new overseas investment capital increased sharply in the first 10 months of the year, showed data from the General Statistics of Vietnam. There were 90 Vietnamese-invested projects licensed abroad, with total capital of US$390.1 million, 1.8 times higher than the same period last
Vietnam, China sign fresh-banana deal
HCMC – The Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China inked a protocol on requirements to export fresh bananas from Vietnam to the northern neighboring market on November 1. Fresh bananas exported to China will be picked between 10
OCB allowed to increase charter capital
HCMC – Orient Commercial Joint Stock Bank (OCB) has received the nod from the State Bank of Vietnam to increase its charter capital by VND4,110 billion via a bonus share issue. After the bonus share issue for its current shareholders, the bank’s charter capital will rise to VND17.8 trillion, the
Danish jewelry producer joins hands with FPT Software to build factory
HANOI – FPT Software, a unit of FPT Corporation, has announced its partnership with Julie Sandlau, one of the world’s leading jewelry producers, to build a smart jewelry manufacturing facility in Vietnam. The plant will be developed at the Hoa Lac hi-tech park in Hanoi City and be completed by the
