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
World Logistics Passport program kicks off in Vietnam
HCMC – The World Logistics Passport Program, founded in Dubai to facilitate global commerce, has officially added Vietnam to its list of logistics and trade centers of the region (or the Hub). The signing ceremony and kick-off forum of the World Logistic Passport Program (WLP) were held on March 1
Overwhelmed Yen Bai-Lao Cai expy needs expansion
HCMC – The Yen Bai-Lao Cai road section, part of the Noi Bai-Lao Cai expressway in northern Vietnam, needs expanding to cope with a rising traffic volume that poses a risk of traffic congestion and accidents, according to the Ministry of Transport. The ministry has written to the People’s
Binh Duong, Binh Phuoc join hands to develop expy
HCMC – Binh Duong Province is teaming up with neighboring Binh Phuoc Province to start the HCMC-Thu Dau Mot-Chon Thanh expressway project and some main routes linking the two provinces. The expressway project is seen as a key traffic project helping boost socio-economic development in the two
Tetra Pak Binh Duong achieves AA+ certification from BRCGS
HCMC – Sweden-based food processor and packager Tetra Pak has received an AA+ rating from the BRCGS quality management system standard for its facility in the southern province of Binh Duong. Tetra Pak Binh Duong was the first and only plant to get the AA+ grade rating among 82 factories in
Luxury cruise ship takes over 600 tourists to Nha Trang
HCMC – The Marshall Islands-flagged luxury cruise ship Seven Seas Explorer brought 637 international guests to Nha Trang yesterday, March 1, becoming the first such vessel to visit this popular beach city in the south-central province of Khanh Hoa this year. The passengers on board the ship are
Ly Son Island seen becoming coastal city
HCMC – Ly Son, an island district off the central province of Quang Ngai, is expected to be developed into a city with an airport and a seaport by 2045 to boost local tourism growth. According to the adjusted master plan on the development of the Dung Quat Economic Zone by 2045, signed on February
Tunnel construction proposed at Hoang Lien Pass to connect Lao Cai and Lai Chau
HCMC – A tunnel with an altitude of 2,000 meters connecting Lao Cai and Lai Chau provinces will be constructed to replace the dangerous 22-kilometer pass on National Highway 4D, shortening the travel time from nearly two hours to 11 minutes. Deputy Prime Minister Tran Hong Ha on February 2023
New foreign investment approvals soar in HCMC in Jan-Feb
HCMC – Fresh foreign direct investment approvals in HCMC in the first two months of 2023 totaled US$332.3 million, up 43.1% year-on-year, showed data from the HCMC Statistics Office. During the two-month period, 101 projects were approved from the city, with total registered capital of US$97.7
Danang int’l fireworks festival to make comeback in June
HCMC – The 2023 Danang International Fireworks Festival (DIFF 2023) will be organized from June 3 to July 8 after a three-year suspension due to the Covid-19 pandemic. Sun Group said on March 1 that it would join hands with the Danang government to host the fireworks festival by the Han River. The
