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
Nha Trang receives luxury cruise ship with 333 tourists on board
HCMC – The Bahamas-flagged luxury cruise ship, Silver Muse, arrived at the Nha Trang port in Khanh Hoa Province yesterday, March 5, with 333 international passengers on board. These tourists are mainly from Germany, Canada, Australia, Colombia, Thailand and China, the local media reported. After
Vietnam to have PPP commodity-based group for rice
HCMC – Vietnam has promoted agricultural modernization and investment via a public-private partnership (PPP) commodity-based working group. The Ministry of Agriculture and Rural Development announced a decision to set up Vietnam’s rice PPP working group on March 3 in the Mekong Delta city of Can
Sapa launches summer festival to woo tourists
HCMC – The tourist town of Sapa in Lao Cai Province has launched the Summer Festival 2023 with a series of activities to celebrate the 120th anniversary of Sapa’s tourism. The festival is one of a series of events celebrating the town’s 120th year of tourism, which will take place from March 3 to
Nearly 400 people implicated in vehicle registration cases
HCMC – Charges have been filed against 379 suspects for alleged involvement in violations of regulations at auto registration and inspection centers throughout the country, the Ministry of Public Security said at a Government press conference yesterday. The police in 28 cities and provinces have
PM asks SBV to lower loan interest rates
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors. This was done at the regular Government meeting held yesterday when PM Chim emphasized the
Long Thanh airport project’s completion date to be rescheduled
HCMC – The investor of the Long Thanh International Airport project has sought an additional six months to get the passenger terminal construction package done, meaning the first phase of the project cannot be finished in September 2025 as earlier planned. The proposal was made in a letter which
HCMC chairman urges boosting medical supplies
HCMC – Phan Van Mai, chairman of the HCMC People’s Committee, has urged the relevant agencies to address the rising concerns about a lack of drugs and medical equipment. Mai said the media coverage of a shortage of medical supplies at hospitals and health facilities in Hanoi and HCMC have sparked
Board member of DHC eyes higher stake
HCMC – Nguyen Thanh Nghia, a board member of Ben Tre-based Dong Hai Joint Stock Company, whose DHC shares are traded on the Hochiminh Stock Exchange (HOSE), has registered to buy more DHC shares. Nghia will acquire one million DHC shares from March 7 to April 5 to raise his stake in the company to
Nguyen Huu Canh overpass to be reopened to traffic Sunday
HCMC – Nguyen Huu Canh overpass in Binh Thanh District, HCMC will be reopened to traffic on Sunday, March 5, after a five-month closure for repair, according to the HCMC Department of Transport. Inspectors conducted a final load test of 180 tons on the overpass on February 27 to determine whether
Advanced Crime Analytics to Combat the Trade of Counterfeit Medicines
Counterfeiters in the pharmaceutical industry are drawn to the underground market because of the enormous profits to be made, the low likelihood of being caught or prosecuted, the cheap penalties for selling counterfeit drugs, and the simplicity with which consumers can be fooled into buying such
Two large harbors in central Vietnam face closure
HCMC – Two major harbors in the north-central province of Quang Tri may shut down in June due to violations of the 2020 law on environmental protection. Though the Cua Tung and Cua Viet harbors have got funding of VND180 billion, they have yet to develop standard wastewater treatment systems. This
Vinfast delivers first 45 autos in U.S.
HCMC – VinFast delivered 45 electronic vehicles VF8 City Edition to customers in California yesterday, March 2 (Hanoi time), marking its first sales outside of Vietnam. The Vietnamese automaker will continue offering in-store and doorstep delivery services across the U.S., with special incentives
HCMC sets deadline for removing hindrances to four realty projects
HCMC – The HCMC People’s Committee has told relevant authorities to work out plans this month to eliminate regulatory bottlenecks for four of seven real estate projects facing legal issues in the city. The city government has announced a conclusion by Bui Xuan Cuong, vice chairman of the city,