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HCMC – The central province of Quang Ngai has withdrawn its proposal to add two solar power projects on An Khe Lagoon, which is part of the Sa Huynh cultural relic complex, to the national power development plan.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,
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
