Outstanding real estate loans down by VND7,000 billion
HCMC – Financial resources for the real estate sector including bonds, funds raised via the stock market, and especially bank loans contracted substantially in the third quarter of this year. As of August 31, outstanding loans for the real estate sector totaled VND777,235 billion, a fall of
Twenty-four int’l airlines resume flights to Danang
DANANG – Danang is seeing the return of hundreds of international commercial flights operated by 24 international and three domestic airlines between October 30, 2022 and March, 2023. According to the Danang International Terminal Investment and Operation Joint Stock Company (AHT), most flights
Hi-tech agriculture helps cope with land degradation
HCMC – The application of science and technology in agriculture is the key to handling land degradation and non-expandable farmland amid the increasing food demand, heard an international conference on sustainable development in the Mekong Delta – SDMD 2022. This conference, entitled “Science and
Can Tho University puts two ODA-funded buildings into service
CAN THO – Can Tho University in the Mekong Delta city of Can Tho held an inauguration ceremony this morning, October 30, for two buildings using official development assistance (ODA) loans from the Japanese government. The Hi-tech Building and Integrated Research Laboratory Building are part of
Vingroup chairman not on no-fly list: MPS
HCMC – Vingroup chairman Pham Nhat Vuong is not on the no-fly list, said Lieutenant General To An Xo, office chief and spokesperson of the Ministry of Public Security (MPS), effectively rejecting recent rumors about this matter as false. Business is as usual at Vingroup, a diversified Vietnamese
JICA ramps up private sector’s engagement in climate action
HCMC – Many corporate leaders have attended the Japan International Cooperation Agency’s (JICA) forum on climate change and the circular economy. The “Corporate Leaders’ Forum on Climate Change and Circular Economy” was co-organized by JICA on October 27, the Ministry of Natural Resources and
Public investment disbursement far lower than expected
HCMC – Over VND249 trillion of public investment, or 38% of the annual plan, had been disbursed as of September 9 this year, according to a report from the Ministry of Finance. Until the end of October this year, over VND297 trillion of public investment can be disbursed, representing only 46.44%
Tax collection slows as it nears full-year goal
HCMC – Though tax collections in the year through September had almost hit the full-year goal, tax revenues from some industries have dropped steadily since July, according to the Ministry of Finance (MOF). The tax revenue this year is expected to surpass the estimate by VND202,400 billion, or
An Gia to buy back VND300b worth of bonds before maturity
HCMC – An Gia Real Estate Investment and Development Corporation, whose AGG shares are traded on the Hochiminh Stock Exchange, has passed a plan to buy back VND300 billion worth of bonds in the lot AGGH2122001 before maturity. The bond buyback is scheduled for the final quarter of this year. An
Quang Ngai shelves two solar farms on An Khe lagoon
HCMC – The central province of Quang Ngai has withdrawn its proposal to add two solar power projects on An Khe Lagoon, which is part of the Sa Huynh cultural relic complex, to the national power development plan. The province on October 26 said it asked the provincial Department of Industry and
ETC proposed for roadwide parking fee collection
HCMC – The Voluntary Youth Public Benefit Service Company Limited has proposed the government of HCMC replace the mobile app “My Parking” with electronic toll collection (ETC) systems. According to the company, the My Parking app has proven to be inconvenient for both car owners who park their
Fuel company director in HCMC arrested for diesel theft
HCMC – The police have pressed charges against the director of Phuc Tho Petroleum Transport Trade Company Limited in HCMC, Nguyen The Hung, and his two subordinates for stealing 80 tons of diesel oil. A further investigation has been carried out to clarify signs of fuel theft and smuggling and
Drug certificate expiry leads to risk of medicine shortfall
HCMC – Vietnam may face a medicine shortage as over 40% of drug registration certificates will expire at the end of the year, the Ministry of Health said. According to the ministry, Vietnam has issued over 24,000 drug registration certificates. Some 10,000 are expected to expire on December 31,
Air passengers forecast to reach 100 million this year
HCMC – The country’s air passengers are expected to reach 100 million in 2022, according to the Civil Aviation Authority of Vietnam (CAAV). In the January-October period, some 81 million passengers traveled through local airports, said Dinh Viet Thang, head of CAAV. The agency targeted to serve
Site clearance delays hinder Rach Mieu 2 Bridge project
CAN THO – Although work on the Rach Mieu 2 Bridge project connecting Tien Giang and Ben Tre provinces started seven months ago, site clearance has not been completed. Nearly VND445 billion, or 72% of the capital for site clearance compensation, has been disbursed in the Rach Mieu 2 Bridge project
Dragon Capital no longer major shareholder of Gelex
HCMC – Fund management firm Dragon Capital is no longer a major shareholder of Gelex Group Joint Stock Company (GEX) after it sold an additional 379,000 GEX shares on October 21 to cut its ownership in Gelex from 5.03% to 4.98%. Dragon Capital sold 5.4 million GEX shares on October 7. Meanwhile,