Vietnam promotes negotiations of FTA with Mercosur
The Ministry of Industry and Trade (MoIT) is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (Mercosur - including Brazil, Argentina, Uruguay, and Paraguay), which is expected to be a driving force for Vietnam to tap the Latin American
Striving to 2030 to have more than ten "billion dollars" export product groups
Deputy Prime Minister Tran Hong Ha signed Decision 165/QD-TTg, approving the Project on restructuring the Industry and Trade sector for the period to 2030.
First group of Chinese tourists comes to Vietnam through northern border gate
HCMC – The Mong Cai-Dongxing international border gate pair linking Vietnam’s Quang Ninh Province and China’s Guangxi Province today, March 15, resumed immigration procedures for 38 Chinese tourists to come to Vietnam. They belong to the first group of Chinese tourists to enter Vietnam via this
Four state-owned banks cut deposit rates
HCMC – Vietnam’s big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just a day after the central bank decided to lower key interest rates. The four banks are the Vietnam Joint Stock Commercial Bank for Industry and
BWE wants to acquire 24.5% stake in LAW
HCMC – Binh Duong Water Environment JSC (BWE) has approved a board resolution to buy three million LAW shares, or a 24.5% stake, in Long An Water Supply Sewerage JSC (LAW). It is likely that BWE would buy the shares from DNP Holding Joint Stock Company (DNP), which has registered to sell three
Gov’t to devise favorable policy for tourism: PM
HCMC – The Government would work out policies to tackle difficulties facing the tourism sector, said Prime Minister Pham Minh Chinh. He was speaking during a national conference held this morning, March 15, to find ways to step up tourism recovery and development. Though Vietnam sees tourism an
Vietnam Airlines set to add domestic, int’l flights
HCMC – Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines and VASCO, will make more than 20 million seats available for domestic and international flights between April and October, up 25% year-on-year, to meet the surging travel demand. Of the total, over 14 million seats will
South Korea needs over 12,000 Vietnamese workers
HCMC – South Korea needs more than 12,000 Vietnamese workers this year for its Employment Permit System (EPS), a licensed program for foreign labor, with a focus on the manufacturing and fishery industries. The demand for Vietnamese guest workers in South Korea varies in each industry, with some
HCMC looks to stronger Vietnam-Indonesia business ties
HCMC – HCMC has expressed expectations that cooperation between Vietnamese and Indonesian businesses, especially small and medium-sized enterprises (SMEs), will expand in the future. HCMC chairman Phan Van Mai made the statement yesterday, March 14, at a meeting with Arsjad Rasjid, chairman of the
Fuel retailers propose base-price and commission setting council
HCMC – Fuel retailers have proposed the ministries of Industry-Trade and Finance establish a council for determining the base prices and commissions for fuels. The proposal was mentioned in their letter to the prime minister yesterday, March 14. Government Decree 95, issued in 2021, defines the
Renewable energy investors concerned about electricity pricing mechanism
HCMC – Investors of transitional solar and wind power plants have written to the prime minister expressing concerns that the electricity pricing mechanism would cause possible disruptions of their financial plans. Due to the severe impact of Covid-19, 84 renewable energy projects with a total
Thanh Da condo complex relocation behind schedule
HCMC – A project to replace eight blocks in the Thanh Da condominium complex in Binh Thanh District, HCMC has been carried out slower than expected due to legal and compensation issues, according to the local media. In April 2022, the groundbreaking ceremony for the construction of Blocks IV and
Unverified phone numbers to be disabled
HCMC – Mobile phone numbers that do not match user data stored in the national population database will be deactivated after March 31, according to the Vietnam Telecommunications Authority. Telecom providers have been required to send daily alerts to users of unverified numbers for five
Defense Ministry’s help sought to deal with vehicle inspection overloads
HCMC – The Ministry of Transport has asked the Ministry of National Defense for help to cope with excessive workloads at automobile registration and inspection centers, especially those in Hanoi and HCMC. The Ministry of Transport proposed the vehicle registration and inspection facilities under
Vinh Hao-Phan Thiet expy project behind schedule
HCMC – The Ministry of Transport has agreed to reschedule the completion date of the Vinh Hao-Phan Thiet expressway project, which will run through Binh Thuan Province, to June 30 this year, two months later than previously planned. The ministry’s Project Management Unit 7, the project’s investor,
Vietnam’s central bank cuts interest rates
HCMC – The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with effect from tomorrow, March 15. Under the SBV’s Decision 313/QD-NHNN, the rediscount rate will be down from 4.5% to 3.5% per year. For overnight loans in interbank
