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
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
