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
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
