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
FLC Group gets new general director
HCMC – Le Tien Dung, board chairman at FLC Faros Construction JSC (FLC Faros), a subsidiary of FLC Group JSC, has been picked as new general director at FLC Group with effect from today, March 2, replacing his predecessor Bui Hai Huyen. Dung, 46, has many years’ experience in the electricity
Int’l expo for horticultural, floricultural production opens in HCMC
HCMC – The fifth International Exhibition and Conference for Horticultural and Floricultural Production and Processing Technology (HortEx Vietnam 2023) is taking place at the Saigon Exhibition and Convention Center (SECC) in District 7 from March 1 to 3. The exhibition is being organized by the
Agri-product shipments through Lao Cai border gate turn tough
HCMC – The volume of agricultural products exported to China through the Lao Cai border gate stood at only 50% of pre-pandemic levels due to slow customs clearance. The Chinese authority still imposes special requirements for goods transfers across the border, which slows down the speed of goods
Further extension proposed for 2023 tax payments
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the six-month extension beyond the end of this year for settling all tax liabilities in 2023. The VCCI made the above proposal in its feedback to the Ministry of Finance, contributing to the finalization of a draft decree on
Manufacturing business conditions improve in February
HCMC – The Vietnamese manufacturing sector has seen a pickup in new orders, leading to higher output, employment and purchasing activity. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) was 51.2 in February, ending a string of contractions and up 3.8 points from 47.4 in
Deo Ca Group, Petro Trade join hands in Vietnam-Laos railway project
HCMC – Local infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop a Vietnam-Laos railway project. The railway line spans 554.7 kilometers, linking Vung Ang Port in the coastal province of Ha Tinh to
PLX to divest from PG Bank
HCMC – The Vietnam National Petroleum Group (PLX) has announced it will auction off its entire stake in the Petrolimex Group Commercial Joint Stock Bank (PGB). It will put up 120 million PGB shares, or a stake of 40% in the bank, for auction on the Hochiminh Stock Exchange (HOSE), with a reserve
