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,
Quang Tri wants land handover to expy done by end-June
HCMC – The Quang Tri government has sent a dispatch asking the relevant agencies and grassroots authorities to speed up the site clearance of the Van Ninh-Cam Lo expressway project and complete the land handover by June 30. The sections of the expressway without resettlement problems must have
VND110-trillion package for social housing withdrawn
HCMC – The Ministry of Construction has backed off from the VND110-trillion credit package for banks to lend on to developers and buyers of social housing, according to a statement released yesterday, March 2. The ministry’s package is to recapitalize commercial banks so that they can lend on to
Bac Lieu proposes building expy
HCMC – The government of Bac Lieu Province has written to the Ministry of Transport proposing developing a 58-kilometer-long expressway connecting the province with two other Mekong Delta provinces – Hau Giang and Soc Trang. The Ha Tien-Rach Gia-Bac Lieu expressway will pass through Hau Giang with
AFD may cut off aid for Can Tho embankment project
HCMC – A river embankment project in the Mekong Delta city of Can Tho may lose France’s financial aid. If the project is not completed before June 15, the French Development Agency (AFD) will stop financing the project, and the local government must tap its budget to fund the remaining components
Vietnam, Spain seek to bolster cooperation
HCMC – Vietnam’s Deputy Prime Minister Tran Luu Quang, during his official visit to Spain, called for Spanish companies to step up investment in infrastructure, renewable energy, transportation and tourism in Vietnam. Deputy PM Quang suggested this during a meeting with Spanish Minister of
Ministry wants rethink of high tax on second home
HCMC – The Ministry of Planning and Investment has proposed the Government turn down the HCMC government’s proposal to impose a higher property tax on people who own a second home. It reasoned that the proposal still had inadequacies as owners of several small houses or plots of land would have to
China becomes largest buyer of Vietnamese agro-forestry-fishery products
HCMC – China has overtaken the U.S. as the largest buyer of Vietnamese agro-forestry-fishery products, with its imports amounting to US$1.27 billion in the year’s first two months. According to the Ministry of Agriculture and Rural Development, Vietnam’s total exports of agro-forestry-fishery
ITA remains on HOSE’s warning list
HCMC – The Hochiminh Stock Exchange (HOSE) has announced it would keep the ITA stock of Tan Tao Investment and Industry Corporation (ITACO) on its warning list. Last August, the bourse warned ITACO of its failure to disclose information as regulated. However, the firm has yet to tackle the issue
SBV sets new credit growth limits for banks
HCMC – Eight commercial banks have received new credit growth quotas for this year, with seven of them entitled to lend less than last year. The credit growth limit of HDBank is 11%, MB Bank 9%, ACB 9.8%, VIB 9.5%, TP Bank 9.1%, VPBank 9%, BIDV 8.3% and MSB 13.5%. These rates are lower than the […]
Vietnam Airlines, Air France to resume codeshare flights
HCMC – Vietnam Airlines will cooperate with Air France to resume codeshare flights between Vietnam and France from March 26. A joint venture agreement between the two carriers was implemented in 2017. However, their flights were suspended due to the impact of the Covid-19 pandemic. The cooperation
