Funding shortfall leaves Ben Luc-Long Thanh Expy suspended
HCMC – The slow pace of capital disbursement has impeded the progress of the Ben Luc-Long Thanh Expressway project, leaving it unable to meet deadlines. The construction value of the project has reached an estimated VND11 trillion, equivalent to some 80% of the construction volume, Vietnam
Danang floods leave VND1,500 billion damage
HCMC – Severe floods in Danang on October 14, triggered by Storm Sonca, has destroyed thousands of homes and caused more than VND1,486 billion in damage, the Danang authority said this morning, October 19. Lien Chieu District in Danang suffered the biggest loss of over VND578 billion, while Ngu
ManpowerGroup launches Future of Work research
HCMC – ManpowerGroup has launched the three-part “The Future of Work” series, in partnership with Everest Group, to provide practical advice to human resources (HR) leaders and organizations on navigating the next normal for their organizations after the Covid-19 pandemic. The research leverages
State-run firms incur huge losses from overseas projects
HCMC – Thirty projects invested overseas by State-run enterprises racked up total losses of US$335.5 million in 2021, up 42% year-on-year. Among them, eight projects in telecommunications made a combined loss of US$293.3 million due to foreign exchange rates and high fees and taxes. The Vietnamese
Vietnam, S.Korea eye US$100b in bilateral trade by 2023
HCMC – State President Nguyen Xuan Phuc suggested Vietnam and South Korea strive to raise two-way trade to US$100 billion by 2023 and US$150 billion by 2030. President Phuc put forward the suggestion while receiving South Korea’s Minister of Foreign Affairs Park Jin at the Presidential Palace in
Can Tho calls for further investment in incubator park
CAN THO – Can Tho City is calling for support from the Ministry of Science and Technology in seeking investment for the second phase of the Korea-Vietnam Incubator Park project. The director of the Can Tho Department of Science and Technology, Ngo Anh Tin, proposed continuing to tap foreign
City Auto to acquire majority stake in Nha Trang Auto
HCMC – City Auto Corporation (stock code CTF) has issued a resolution on the acquisition of a majority stake in Nha Trang Auto Corporation. Tran Long, an individual related to Tran Ngoc Dan, CTF board chairman, and Tran Lam, a board member at CTF, will transfer one million shares of Nha Trang Auto
HCMC wants two new bus links with Tan Son Nhat airport
HCMC – The Management Center of Public Transport sought approval from the HCMC Transport Department to open two more bus routes in the Tan Son Nhat International Airport area to deal with traffic congestion. The two bus routes will transport passengers from the airport to neighboring areas such as
SHTP proposes reinstating one-door investment approval process
HCMC – As the Saigon Hi-Tech Park (SHTP) in HCMC has seen a spike in new foreign-invested projects in recent years, it has proposed the HCMC government reinstate a one-door investment approval process to facilitate investment activity. The current rules require investors to work with different
Danang opens two new direct flights to India
HCMC – Two direct flights linking Danang to New Delhi and Mumbai City were launched on October 18, helping boost tourism in Danang City. The two direct flights from Danang to New Delhi, Mumbai and vice versa were operated by Vietjet Air, Vietnam’s low-cost carrier. Using Airbus A320 aircraft, the
New Mien Dong coach station handles thousands of passengers each day
HCMC – The new Mien Dong coach station, located in Thu Duc City, handles a daily average of 2,600 passengers, with some 206 coaches departing from the station, a representative of the Mien Dong coach station told the media. After receiving some 79 long-haul bus routes on October 11, the new
HCMC set to start work on three key roads by year-end
HCMC – HCMC will begin construction on three major traffic infrastructure projects by the end of this year with an investment of over VND10,000 billion. Luong Minh Phuc, director of the HCMC Management Board of Transportation Works Construction and Investment Projects (TCIP), said the three
HCMC transport dept proposes replacing Cat Lai bridge project
HCMC – The HCMC Department of Transport has proposed building two bridges across the Dong Nai River toward District 7 and Thu Duc City, replacing the long-planned Cat Lai Bridge. The first bridge would connect the southern region of HCMC and Nhon Trach District, Dong Nai Province. The route’s
EU investment may surge in late 2022
HCMC – Some 42% of European businesses active in Vietnam may expand their operations in the country, the European Chamber of Commerce in Vietnam (EuroCham) said in a recent report. European investor confidence in Vietnam’s growth potential slightly decreased amid global economic uncertainties, as
Can Gio poised to become seaside resort city
HCMC – The outlying district of Can Gio in HCMC is planned to become a seaside resort and eco-tourism city, with GDP per capita of VND182 million annually by 2030. The goal has been outlined in the HCMC Party Committee’s recently-issued resolution on the development priorities of Can Gio. Under
Train tickets for Lunar New Year holiday available next week
HCMC – Train tickets for the 2023 Lunar New Year holiday will be offered for sale from October 25 to cater to the strong demand of passengers during this peak travel season. Passengers traveling in groups can book tickets in advance from October 11 to October 20. From October 25, tickets will be
