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
Central bank urges compliance with forex rules
HCMC – The HCMC branch of the State Bank of Vietnam (SBV) has told local banks and foreign bank branches to strictly comply with foreign exchange regulations after the trading band of the Vietnamese dong currency was widened from 3% to 5% on either side of the central exchange rate. The central
HCMC suspends helicopter tours
HCMC – The HCMC Department of Tourism announced temporarily suspending the 40-minute city helicopter tour due to a lack of heliports. According to travel firms, tour operators have had difficulty landing copters at the planned locations, namely the 175 Military Hospital and the Tan Son Nhat
Government to borrow over VND644 trillion in 2023
HCMC – The Government plans to borrow a total of VND644 trillion next year, around VND27 trillion higher than this year, according to a report to the National Assembly on public debt in 2022 and 2023. The capital will be mobilized from different sources, including government bonds, official
Saigon River Tunnel partially closed for three nights for fire safety test
HCMC – The HCMC Department of Transport has announced the temporary closure of the Saigon River Tunnel for three nights to test the automatic fire safety system. According to the authorities, the tunnel will be closed from 11 p.m. on October 22 to 4 a.m. on October 23 for vehicles traveling from
Thu Duc City to resume construction of four bridges in 2023
HCMC – Thu Duc City authorities expect to complete compensation and site clearance for the four under-construction bridges by the end of 2022, enabling work on the projects to restart early next year. The information was given by Hoang Tung, chairman of the Thu Duc City government, during a
Railway sector falls far below target
HCMC – Most targets set for the railway sector have not been realized, hampering the development of the railway industry for 2020 with a vision to 2030, according to a report submitted to the National Assembly by the Government. As part of the overall planning scheme, seven major lines are to be
SHTP inaugurates chip design center
HCMC – The Saigon Hi-Tech Park (SHTP) inaugurated a chip design center and chip design lab this morning, October 21. The project inauguration coincides with the 20th anniversary of the hi-tech park’s establishment and takes on a symbolic significance in promoting the development of the domestic
