HCMC seeks special mechanism for on-site power generation
HCMC – The HCMC Department of Industry and Trade has proposed offering the city a special mechanism to develop on-site power generation, with a focus on investment in rooftop solar power to meet the city’s high electricity demand. The city asked the Government for approval to apply feed-in tariffs
HCMC wants to upgrade two bridges
HCMC – The HCMC Department of Transport has proposed raising the vertical clearance of two bridges to seven meters. If the plan receives the nod from the municipal government, the city would spend a combined VND245 billion on Binh Trieu 1 and Binh Phuoc 1 bridges. Binh Trieu 1 bridge is expected
Woodworking industry expo set to kick off tomorrow
HCMC – The 14th Vietnam International Furniture and Home Accessories Fair, or VIFA EXPO 2023, will be held at the Saigon Exhibition and Convention Center (SECC) in HCMC from March 8 to 11. The expo, organized by the Alliance Handicraft Wooden Fine Art Corporation, will welcome 612 local and
Vingroup establishes EV rental business
HCMC – Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, yesterday, March 6, announced the establishment of Green-Smart-Mobility JSC (GSM), which will use VinFast electric vehicles and scooters for rental and taxi services. GMS is reportedly the world’s first multi-platform green
Vietnam, Japan eye stronger bilateral partnership
HCMC – Vietnam and Japan will deepen their multifaceted cooperation, with a focus on jointly organizing a series of key events to mark the 50th anniversary of their diplomatic relations. At a meeting with Secretary-General of Japan’s National Security Secretariat Akiba Takeo in Hanoi City
Shorter insurance payment period proposed for pension entitlement
HCMC – The Ministry of Labor, Invalids and Social Affairs has proposed reducing the periods of social insurance (SI) premiums payment from 20 to 15 years to enjoy a pension and not limiting lump-sum social insurance withdrawals. According to the Vietnam News Agency, the ministry gave two options
Ca Mau-Nam Du-Phu Quoc ferry service to resume this month
HCMC – An express ferry service linking Ca Mau Province and Nam Du and Phu Quoc islands off Kien Giang Province will be re-launched on March 18 to meet the travel demand of tourists after a two-year hiatus induced by the Covid-19 pandemic. Phu Quoc Express JSC, the high-speed ferry service
Vietnamese coffee primarily exported as raw beans
HCMC – Although Vietnam is the world’s second biggest coffee exporter, around 90% of Vietnamese coffee products are mainly exported as raw beans, resulting in low export revenue. “Vietnam’s Robusta coffee has yet to get trademark protection certificates from any country,” Thai Nhu Hiep, vice
Quang Ninh welcomes nearly 2,000 int’l cruise guests
HCMC – The Malta-flagged passenger cruise ship Mein Schiff 5 arrived in Halong Bay in Quang Ninh Province today, March 6, taking close to 2,000 European visitors, with most of them German, to the World Heritage-listed bay. The tourists are expected to visit popular destinations in Quang Ninh such
Rice exports down in Jan-Feb
HCMC – Vietnam exported 789,000 tons of rice worth US$417 million in the first two months of 2023, down 18.8% in volume and 10.8% in value year-on-year, according to data from the Ministry of Agriculture and Rural Development. However, the export price of Vietnamese rice between January and
DGC expects profit to halve this year
HCMC – Duc Giang Chemicals Group JSC, whose DGC shares are traded on the Hochiminh Stock Exchange (HOSE), looks to obtain nearly VND10.9 trillion in revenue and VND3 trillion in profit after tax in 2023. The figures plunged by 24.7% and 50.3% compared to the 2022 results, respectively. The firm
Dien Bien airport’s temporary closure begins early next month
HCMC – The Dien Bien Airport in the northern upland province of the same name will be temporarily closed for expansion for six months, starting from April 1 this year. The provincial government and the Civil Aviation Authority of Vietnam have agreed on the closure date of the airport, the local
Lao Airlines to resume air services to Danang
HCMC – Lao Airlines will reopen an air route linking the Lao capital of Vientiane and Vietnam’s Danang City from March 30, with two weekly flights on Thursdays and Saturdays, said a representative of the airline. The flight resumption on the Vientiane-Danang route, favored by lots of tourists
HCMC seeks quick launch of HCMC-Con Dao ferry service
HCMC – The HCMC Department of Transport has written to the Ba Ria-Vung Tau Department of Transport proposing cooperation in launching the HCMC-Con Dao express ferry service to meet the travel demand. The Con Dao airport will be closed for repair for nine months, from April to December, while the
FLC to sell stake in Bamboo Airways
HCMC – Vietnamese conglomerate FLC Group plans to sell its stake in local carrier Bamboo Airways as part of its business restructuring plan, said FLC board chairman Le Ba Nguyen at an extraordinary general meeting last weekend. This year, FLC is set to reshape its business strategy, focusing on
Bond issuers allowed to extend coupon payments
HCMC – Debt-issuing organizations can extend coupon payments by up to two years and settle debt by assets, instead of cash, if they secure approval from bondholders, according to a new Government decree. Government Decree 08 was issued on March 5 to revise and supplement some regulations on
