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
Budget housing still in short supply
HCMC – The real estate market remained unstable in January-September this year, with social housing and low-cost commercial apartments still in short supply, according to the Ministry of Construction. While there were no new housing projects approved in the third quarter of the year, only 12% of
Deputy PM checks public investment disbursement at tourism ministry
HCMC – A working delegation led by Deputy Prime Minister Vu Duc Dam on October 25 conducted an on-site check on the progress of the National Library of Vietnam upgrade project and inspected the 2022 public investment disbursement at the Ministry of Culture, Sports and Tourism. The deputy prime
SGT to sell 74 million shares to current shareholders
HCMC – Saigon Telecommunication and Technologies Corporation, whose shares are traded on the Hochiminh Stock Exchange under the code SGT, has passed a plan to sell a maximum of 74 million shares to its existing shareholders to raise its charter capital. For each share held, shareholders can buy
Exports of Vietnam’s key items slump in September
HCMC – September saw a drastic decline in Vietnam’s exports of several key items, according to data from the General Administration of Vietnam Customs. Among the most affected were garments and textiles, whose exports in September dropped 31.9% over the previous month at US$2.72 billion. Millwork
Binh Phuoc’s 34 infrastructure projects require VND16.6 trillion
HCMC – The southern province of Binh Phuoc will need roughly VND16.6 trillion to implement 34 traffic infrastructure projects by 2025 to upgrade its transportation system, according to a scheme recently passed by the province’s chairman, Tran Hue Tien. The province underlined the need to develop
Loc Troi gets US$100 million loan to produce quality rice
HCMC – Loc Troi Group, or LTG, has signed a syndicated credit agreement with seven local and foreign banks with a credit line of up to US$100 million, helping supplement its working capital for investment in high-quality rice production. The syndicated loan will be executed in three years and
Switzerland eyes stronger economic cooperation with HCMC
HCMC – Switzerland is aiming to strengthen economic cooperation with HCMC in the coming time, heard a meeting between Secretary of the HCMC Party Committee Nguyen Van Nen and the consul general of Switzerland in HCMC on October 25. Speaking at the meeting, Consul General of Switzerland in HCMC
