Banks find it tough to apply blockchain technology
HCMC – Incomplete legal corridors, high investment costs, time-consuming data synchronization and a lack of qualified personnel have made it hard for Vietnamese banks to embrace blockchain technology. Representatives of banks shared this information at a seminar on October 26. Blockchain has
Dong Thap plans bridge project over Tien River
HCMC – The Mekong Delta province of Dong Thap has proposed developing the Sa Dec bridge project, which will span the Tien River and cost over VND8 trillion. The provincial government put forward this proposal at a meeting on October 26 with representatives from the Ministry of Planning and
Demand for labor export stays high
HCMC – The total number of Vietnamese guest workers in foreign countries and territories reached 8,180 in September this year and could increase in the rest of this year, according to the Ministry of Labor, Invalids and Social Affairs. Recently, the Department of Overseas Labour has been
Tra Vinh to build 25 MW biomass power plant
CAN THO – The Mekong Delta province of Tra Vinh has approved a proposal to develop the Tra Vinh biomass power plant in Luu Nghiep Anh Commune, Tra Cu District, with a capacity of 25 MW. With an estimated investment of over VND1 trillion, the biomass power plant project will cover 11.6 hectares,
Ministry of Transport eyes disbursing VND20 trillion in two months
HCMC – Minister of Transport Nguyen Van Thang has ordered the speedy disbursement of over VND20 trillion before the new year. He was speaking during a recent meeting with project developers and management boards, urging them to cut through the administrative red tape and improve disbursement
Nestlé’s journey towards regenerative agriculture
Looking back at the 10-year journey of NESCAFÉ Plan in Vietnam, those involved in the implementation process agree that the plan has brought an initial result that is a common value of sustainability for coffee beans. However, the plan not just adds value to coffee beans from farm to table but
Old technologies and labor quality may reduce FDI attraction opportunities
HCMC – Vietnam may face disadvantages in global supply chains due to its outdated technologies and poor labor quality. Nguyen Thi Vu Ha, an expert at the Vietnam Institute for Economic and Policy Research (VEPR), expressed her concerns over the risk of Vietnam being the destination for low-quality
Work on Dai Ngai Bridge project expected to start in early 2023
HCMC – The Ministry of Transport has urged the relevant agencies to expedite administrative paperwork so as to start work on the Dai Ngai Bridge project on National Highway 60 in the Mekong Delta in the first quarter of 2023. Deputy Minister of Transport Nguyen Duy Lam urged the project’s investor
Chip-based ID cards can be used for airport check-in
HCMC – The Civil Aviation Authority of Vietnam is planning to pilot check-in via facial recognition technology using identification (ID) cards embedded with microchips for certain domestic flights. Passengers with chip-based ID cards can use facial recognition technology at check-in desks and
My Son Sanctuary woos more int’l guests
DANANG – International visitors to the My Son Sanctuary in Quang Nam Province have been rising in recent months, according to the Management Board of the My Son World Cultural Heritage. The site attracts 200 visitors a day on average, with the number even doubling on certain days. This positive
Binh Thuan Agriculture set to divest from two affiliates
HCMC – Binh Thuan Agriculture Services JSC, which trades its ABS shares on the Hochiminh Stock Exchange, has announced its plan to divest from VCD Riverbank and Agricultural and Materials Import Export JSC. ABS will transfer 10 million shares of VCD Riverbank at the starting price of VND13,300 per
Slow disbursement forces agencies, provinces to return huge funds
HCMC – Several State agencies, ministries, cities and provinces have proposed returning thousands of billions of Vietnamese dong of the allocated 2022 public capital due to slower-than-planned disbursements. The Finance and Budget Committee of the National Assembly said that public capital
VinFast launches EV charging station in far north of Vietnam
HCMC – A VinFast car charging station was put into service on October 24, at a Petrolimex gas station in the northern upland province of Ha Giang. The electric vehicle (EV) charging station of VinFast, Vietnam’s first manufacturer of electric cars, is located at the Cau Me gas station in Nguyen
Flooding forecast in central, southeastern regions
HCMC – The southern weather center has forecast that the central region, HCMC and neighboring provinces may face flooding from October 25 to 27. The center warned of flooding in riverside areas in the central provinces from Quang Binh to Quang Nam, with water levels ranging from 3-5 meters
PM wants cryptocurrency use regulated
HCMC – Prime Minister Pham Minh Chinh has urged ministries and agencies to regulate cryptocurrency-based transactions due to potential legal risks. According to the prime minister, although the country has no specific requirements on the use of cryptocurrencies, many transactions have been carried
Sugar imports from five Southeast Asian countries plunge
CAN THO – Sugar imports from Cambodia, Indonesia, Laos, Malaysia and Myanmar have declined since Vietnam took measures against trade remedy circumvention. On August 1, the Ministry of Industry and Trade issued Decision 1514/QD-BCT imposing measures against trade remedy circumvention of the sugar