Dutch firms put forward solutions to improve HCMC’s investment climate
HCMC – Dutch companies have suggested multiple solutions for the business environment, traffic infrastructure, promotion activities and quality of urban life to help HCMC become more attractive to investors, heard a meeting between HCMC leaders and the Dutch Business Association in Vietnam on
Long An proposes changes to Beltway 4 project to cut compensation costs
HCMC – The Mekong Delta province of Long An has proposed the Ministry of Transport revise the Beltway No. 4 section that passes through the province to reduce costs and impacts on residents. The proposed route is basically in line with the zoning plan but the section from National Highway N2
HCMC proposes coefficient K be used to set land prices
HCMC – The HCMC People’s Committee has written to the Government proposing using coefficient K to determine land prices for many property projects in the city. It is difficult to collect and check information on the actual prices of property transactions in the city due to vagueness in those
Interbank interest rates rise
HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates for all tenors have risen, with the overnight rate increasing by 1.4 percentage points to 6%, according to a recent market report by SSI
Nearly 51,400 firms exit market in Jan-Feb
HCMC – Nearly 51,400 businesses have pulled out of the market in the year to date, up 14.5% year-on-year, according to the General Statistics Office. Of these companies, some 38,800 have temporarily suspended their operations, up 18.5% year-on-year, and 9,400 have halted their operations pending
Louis Capital’s senior executives face ouster
HCMC – Louis Capital JSC (TGG) has announced it would call for the dismissal of four board members and three supervisory board members at the upcoming general meeting of shareholders. The four board members who are facing removal are Nguyen Mai Long, Trinh Van Bao, Ngo Thuc Vu, and Cao Ba Trung,
HCMC to put up nearly 3,800 apartments for auction
HCMC – HCMC authorities are working out auction plans for land plots and 3,790 apartments in the Thu Thiem new urban area after their auctions failed for three consecutive times. A working session, with the participation of HCMC Vice Chairman Bui Xuan Cuong, discussed a detailed plan for the
Cross-border TV service providers must get license in Vietnam
HCMC – Cross-border over-the-top (OTT) media service providers, such as Netflix, WeTV and iQiYi, must establish a legal entity in Vietnam to offer services to Vietnamese users, heard a seminar in HCMC on February 27. The seminar was held by the Ministry of Information and Communications to give
Vietnam enjoys trade surplus of US$2.82 billion in Jan-Feb
HCMC – Vietnam exported goods worth US$49.44 billion in the first two months of the year, while spending US$46.62 billion on imports during the period, resulting in a trade surplus of US$2.82 billion, according to the General Statistics Office. Meanwhile, the country ran a trade deficit of US$0.3
Proposal for expansion of access road to HCMC – Long Thanh – Dau Giay Expy
HCMC – The HCMC Department of Transport has reported to the municipal People’s Committee the VEC’s proposal to expand the road leading to the HCMC – Long Thanh – Dau Giay expressway. According to the Department of Transport, Vietnam Expressway Services Engineering Joint Stock Company (VEC) has
VinFast to deliver electric cars to U.S. buyers tomorrow
HCMC – Vietnamese automaker VinFast will start handing over the first VF8 City Edition electric cars to customers in the United States tomorrow, March 1. The handover ceremony will be held at VinFast’s auto showroom in California, marking the automaker’s operation expansion in the global market,
Vietnam’s CPI edges up in February
HCMC – Vietnam’s consumer price index (CPI) in February rose by 0.45% month-on-month and 4.31% year-on-year, according to data released by the General Statistics Office today, February 28. The rise was attributed to higher local prices of fuels due to soaring global ones and increased renting
New FTA negotiations stepped up to boost exports
HCMC – Vietnamese authorities are expediting negotiations over new free trade agreements (FTAs) with markets that the country has yet to tap. According to the Center for WTO and International Trade under the Vietnam Chamber of Commerce and Industry, Vietnam’s trade and investment have benefited
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Vietnam eyes mild rise in cashew exports this year
HCMC – Vietnam aims for US$3.1 billion in cashew exports this year, inching up US$30 million against 2022, heard the ongoing 12th VINACAS Golden Cashew Rendezvous, a national trade promotion program of Vietnam. The modest target was set due to many difficulties facing the global cashew market, the
Hung Thinh Incons delays dividend payment again
HCMC – Hung Thinh Incons JSC (HTN) will delay the 2021 dividend payment until 2024, according to the firm’s recent announcement. The decision aims to secure enough cash for the firm’s business operations, so the new payment date is July 1, 2024, it said. This is the third time HTN has revised its