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
Can Gio int’l container terminal planned to supplement Cai Mep-Thi Vai
HCMC – A port project in HCMC’s outlying district of Can Gio will serve international shipping and transit demand, enhancing the operational effectiveness of the Cai Mep-Thi Vai port, according to Phan Van Mai, chairman of HCMC. Mai stated that the Can Gio international container terminal project
Vietnam’s central bank announces 2nd interest rate hike in just one month
HCMC – The State Bank of Vietnam (SBV), the central bank of the nation, announced last night (October 24), that key interest rates would be hiked by one percentage point, with effect from today (October 25). This is the second interest rate increase in just one month. The interest rate cap for
Vietnam, Thailand promote tourism cooperation
HUE – From October 21 to 24, representatives of Thailand and Vietnam’s Thua Thien-Hue Province exchanged visits to boost tourism cooperation. According to the Thua Thien-Hue Tourism Department, the mutual tourism promotion is part of a plan to make the most of charter flights to Thailand in the
Farmers reluctant to increase livestock amid uncertainties
HCMC – Livestock farmers at this point in time usually boost meat supply in the lead up to the Lunar New Year; however, they need to take economic uncertainties and market upheavals into account before expanding their livestock this year. According to a representative of the Dong Nai Animal
VinFast receives US$135m of ADB-led green financing
HCMC – Vietnamese electric vehicle (EV) manufacturer VinFast has received a US$135 million financing package from the Asian Development Bank (ADB) to manufacture Vietnam’s first fully-electric public transport bus fleet and first national EV charging network. VinFast said in a statement today,
Cai Lay BOT stations collect nearly VND700 million each day
CAN THO – Since toll collection officially resumed on October 7, the two Cai Lay BOT stations have collected nearly VND9.5 billion, averaging out at VND700 million a day, according to the main investor of the project. The number of vehicles passing through the toll stations reaches roughly 19,400
Vietnam Airlines to launch online check-in service at Buon Ma Thuot airport
HCMC – National flag carrier Vietnam Airlines, which trades its HVN shares on the Hochiminh Stock Exchange, will begin offering online check-in service to passengers departing from the Buon Ma Thuot airport in the Central Highlands province of Daklak on October 25. The airline has so far provided
Central provinces see shrimp deaths following storms and floods
HCMC – Many businesses in central provinces have faced mass shrimp deaths due to recent extreme weather conditions. The coastal province of Phu Yen has reported a mass death of shrimp after Typhoon Sonca struck. Heavy rainfall has changed the natural ecology of shrimp, with total loss at around
Saline intrusion hits Mekong Delta’s agro-fishery sector
CAN THO – Saltwater intrusion along with intensive drought has been posing threat to the agro-fishery sector in Mekong Delta. Nguyen Phuong Lam, director of the Vietnam Chamber of Commerce and Industry (VCCI) in Can Tho City, said the Mekong Delta was facing worsening threats as floods and land