FLC’s general director, two deputy general directors resign
HCMC – FLC’s Vice Chairwoman and General Director Bui Hai Huyen and two other deputy general directors, Dam Ngoc Bich and Le Thi Truc Quynh, tendered their resignations today, February 27. Bui Hai Huyen, aged 47, was appointed general director in March 2020. She had also served as vice chairwoman
Dong Nai approves VND2.6 trillion for Beltway 3
HCMC – The Dong Nai People’s Committee has approved a VND2.6 trillion budget for the Beltway No. 3 section that will pass through the province, according to the local media. The Dong Nai section of Beltway No. 3 is over 11.2 kilometers long, with its starting point in Vinh Thanh Commune, Nhon
Luxury cruise ship brings 3,500 int’l tourists to Vietnam
HCMC – Luxury cruise ship Spectrum of the Seas, with 3,500 international passengers on board, arrived at the Phu My port in Ba Ria-Vung Tau Province on February 26 for passengers to start their two-day tour to tourist destinations in Ba Ria-Vung Tau, HCMC and Tien Giang. The cruise ship is set to
PouYuen Vietnam provides financial aid for laid-off workers
HCMC – PouYuen Vietnam will provide VND275 billion in financial aid for employees who will be laid off next month. Each laid-off employee will be entitled to an amount equal to 0.8 month of salary for each year of service, and the average allowance for each employee will be VND116 million,
Hoa Binh starts work on 49-kilometer road to boost regional connectivity
HCMC – Hoa Binh Province has broken ground on a 49-kilometer-long road connecting the province with Hanoi City and the Son La expressway, with a total cost of over VND4.1 trillion. The groundbreaking ceremony, held on February 26, was attended by Prime Minister Pham Minh Chinh, the local media
Visa renews partnership with HCMC transport dept
HCMC – Visa, the world’s leader in digital payments, has renewed its memorandum of understanding (MOU) with the HCMC Department of Transport to transform urban mobility across the city. The partnership aims to develop modern public transit systems with open-loop EMV tap-to-ride technology,
Nestlé Vietnam boosts export of high-quality Vietnamese products
HCMC – Nestle Vietnam planned to increase production and diversify the list of export products, especially high-quality ones. The company’s exports are also expected to continue to grow by double digits in 2023. Nestle Vietnam has been striving to expand the production of high-value products like
Novaland swaps bonds for shares
HCMC – Property developer Novaland has transferred its shares in subsidiaries to a bondholder in exchange for a volume of its cancelled corporate bonds and warrants. The company reached an agreement with Dallas Vietnam Gamma Ltd to reduce outstanding bonds and warrants through a swap arrangement,
Vietnam posts US$1.7 billion trade surplus in mid-February
HCMC – Vietnam has seen a trade surplus of US$1.68 billion in the year to February 15, with the surplus of the first half of February alone contributing US$1.1 billion, official data showed. Of the amount, Vietnam’s goods exports in the first half of February amounted to US$13.4 billion, up 49%
FLC shares suspended from trading on UPCoM
HCMC – The Hanoi Stock Exchange (HNX) has announced it will not allow FLC Group to trade its shares on the Unlisted Public Company Market (UPCoM). On March 3, FLC stocks will be listed on the UPCoM market, but it will continue to be suspended from trading, according to the HNX. The company will
Khanh Hoa seeks to extend tourist submarine pilot
HCMC – Local authorities in the coastal province of Khanh Hoa have proposed the Ministry of Transport extend the pilot period of a tourist submarine service in Nha Trang Bay. The province has also suggested that the ministry complete the regulatory framework and conduct the pilot performance
BAEMIN introduces B2B mall to provide eco-friendly packaging
HCMC – BAEMIN Vietnam has signed a cooperation agreement with SERVEONE Vietnam, a supplier of safe, recycled packaging solutions, to launch the B2B Mall initiative to provide eco-friendly packaging products to merchant partners. The launch is part of BAEMIN’s sustainability commitment to help
State ownership of EVN still needed
HCMC – The Commission for the Management of State Capital at Enterprises (CMSC) has proposed Vietnam Electricity Group (EVN) continuing operating as a one-member limited liability company wholly-owned by the State, in its restructuring plan for EVN from 2021 to 2025 submitted to the Government.
Air services on Ca Mau-Hanoi route to be available in late April
HCMC – Commercial flights between Hanoi City and the Mekong Delta province of Ca Mau will be launched from April 30, with three weekly flights. The government of Ca Mau, the Civil Aviation Authority of Vietnam (CAAV), and local carrier Bamboo Airways yesterday, February 23, reached a consensus to
Ministry proposes steeper excise tax on tobacco, alcohol
HCMC – The Ministry of Finance has proposed slapping higher excise tax on unhealthy products such as cigarettes, beers and alcoholic beverages, and adding sugary drinks to the list as well. The ministry is seeking feedback on the proposal to work out the revised law on excise tax to stimulate
Japanese businesses keen on Mekong Delta
HCMC – Many Japanese businesses are seeking to launch operations in the Mekong Delta, with Vinh Long Province as a destination of priority, according to the Japan External Trade Organization (JETRO). The preference for Vinh Long is in response to growing construction costs and a scarcity of