Hoa Sen to pour VND81 billion into subsidiary in Yen Bai
HCMC – Hoa Sen Group has passed a plan to inject an additional VND81 billion into its Yen Bai Province-based real estate subsidiary Hoa Sen Yen Bai JSC. After the transaction, the subsidiary of the steelmaker, whose its HSG shares are traded on the Hochiminh Stock Exchange, will increase its
Health Ministry proposes addressing medical device shortage
HCMC – The Ministry of Health has reported to the Government many regulatory bottlenecks in purchasing medical devices and suggested ways to resolve the matter. This follows the severe shortage of medical materials and devices plaguing many hospitals nationwide, said the ministry today, February
HCMC to hold meeting between banks and businesses this month
HCMC – A conference connecting commercial banks and HCMC-based businesses is slated for February 28, said an official of the HCMC Branch of the State Bank of Vietnam (SBV). The conference is intended to find ways to facilitate access to credit, help businesses overcome hardships and spur the
Construction Ministry wants target for social homes reduced
HCMC – The Ministry of Construction has proposed the prime minister lower the target of building social homes for workers and low-income people to just over one million in 2021-2030. The budget for the plan would also be cut by VND280.5 trillion. The proposal received approval from most
ACV urged to speed up Dien Bien airport expansion
HCMC – The Ministry of Transport has written to the Airports Corporation of Vietnam (ACV) urging the latter to expedite work on the Dien Bien airport expansion project in Dien Bien Province. The units involved in the project have yet to enhance efforts to implement the airport expansion, leading
HCMC finds jobs for PouYuen’s laid-off employees
HCMC – The local authority has contacted 15 different businesses to find jobs for some 2,500 workers about to be laid off by PouYuen Vietnam this month, according to the HCMC Department of Labor, Invalids and Social Affairs. Some 15 businesses are prepared to offer around 3,200 similar jobs for
Kien Giang proposes investing VND25,643 billion in Ha Tien – Rach Gia Expy
HCMC – The Mekong Delta province of Kien Giang has written to the Government seeking approval for its Ha Tien-Rach Gia expressway project proposal. The proposed expressway, with the starting point intersecting with National Highway 80 and the endpoint connecting with Lo Te–Rach Soi expressway,
UK backs HCMC to become regional financial hub
HCMC – The United Kingdom (UK) Government has appointed TheCityUK, a financial and related professional services body, to support the HCMC authorities to develop the southern city into a regional financial and business center. TheCityUK will work with the UK Government and the British Embassy in
VND6.3 trillion to be disbursed for North-South expy this month
HCMC – The Ministry of Transport has announced it would disburse nearly VND6.3 trillion of public investment capital for the North-South Expressway project this month. The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023.
New border gate pair in An Giang put into service
HCMC – The Vinh Xuong-Kaorm Samnor international border gate pair linking Vietnam’s An Giang Province with the Cambodian province of Kandal has been put into operation. The two provinces jointly held a ceremony on February 23 to open the border gates, allowing for travel by road and waterway, the
Taiwan auto parts maker to set up shop in Hai Duong
HCMC – Taiwan’s NeoSCM Limited has plans to invest some US$44-55 million into a facility producing car brake discs in the northern province of Hai Duong. The 8-hectare factory will be built in An Phat Industrial Park No. 1 in Nam Sach District, with annual output of four million products for
SeABank increases charter capital
HCMC – Southeast Asia Commercial Joint Stock Bank, or SeABank, which trades its SSB shares on the Hochiminh Stock Exchange, raised its charter capital from VND19.8 trillion to over VND20.4 trillion after a share issue under the 2022 employee stock ownership plan. VND594 billion worth of shares
Ministry wants borrowing conditions eased for soft loan package
HCMC – The Ministry of Planning and Investment has asked the central bank to ease borrowing conditions, streamline paperwork and help businesses cut borrowing costs by revising relevant regulations. The proposal was made during a government meeting held on February 21 to find ways to remove
FLC told to pay for groundwater pumped without permit
HCMC – The government of Quang Ninh Province has told the FLC Group Joint Stock Company (FLC) to pay more than VND8 billion for the volume of groundwater the firm illegally pumped to irrigate its golf course from 2018 to 2021. Over the three-year period, the golf course pumped around 600,000 cubic
HCMC starts rehabilitation of polluted canal
HCMC – Work began this morning, February 23, on a VND8.2-trillion project to rehabilitate the heavily polluted Tham Luong-Ben Cat-Nuoc Len Canal, according to the local media. The 33-kilometer Tam Luong-Ben Cat-Nuoc Len Canal will be dredged. It will also have concrete embankments, roads measuring
Gojek launches GoCar services at Tan Son Nhat airport
HCMC – Gojek, an on-demand platform, announced the launch of its GoCar service at the Tan Son Nhat International Airport in HCMC today, February 23. The launch is expected to meet the rising demand of thousands of passengers leaving and arriving at the airport’s domestic and international