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
FPT acquires Intertec International’s IT Services division
HCMC – FPT Corporation, a leading Vietnamese technology firm, has announced its acquisition of Intertec International’s (Intertec) IT Services division to further strengthen its North American nearshore delivery capabilities. The acquisition enables FPT and Intertec to provide customers with a
Novaland’s former chairman leaves board of directors
HCMC – Bui Xuan Huy, former chairman of the HCMC-based property company Novaland, resigned yesterday, February 22, for personal reasons. He said in his resignation letter that his decision followed the firm’s restructuring plan. Huy held the post of general director of Novaland for two consecutive
Vietnam seeks express railway cooperation with Spain
HCMC – Deputy Minister of Transport Nguyen Danh Huy has said Spain can invest in Vietnam’s transportation industry and launch education and training programs for local personnel, particularly in railway projects. Huy praised the growing ties between the two nations during a recent meeting with
Cat Bi Airport pilots facial recognition tech
HCMC – The Cat Bi International Airport in Haiphong City has arranged a single line equipped with biometric authentication technology for travelers having chip-based citizen identity (ID) cards. Passengers are required to go through a facial recognition system at the security checkpoint, where a
Vietnam to export 7 million tons of rice this year
HCMC – Vietnam’s rice export activity has shown positive signs early this year, with 6.5-7 million tons of rice forecast to be exported in all of 2023. The forecast was made during a trade conference held by the Ministry of Industry and Trade in HCMC on February 21. At the conference, the
Air passengers soar over 90% in Jan-Feb
HCMC – Vietnam’s aviation sector has recovered robustly, achieving a high growth rate compared to the pre-pandemic year of 2019. In a report the Civil Aviation Authority of Vietnam (CAAV) sent to the Ministry of Transport on air transportation so far this year, the number of flights and air
Defense Ministry okays two military airports for civilian use
HCMC – The Ministry of National Defense said Thanh Son and Bien Hoa military airports in the central and southern regions can be converted into civil service. On those grounds, the Ministry of Transport recommended adding the two airports to the master plan for the development of the national
Novaland proposes extending bond maturity
HCMC – Major Vietnamese real estate developer Novaland has proposed extending the maturity of the bonds it issued to a later date due to its tight budget. According to the official dispatch Novaland sent to the Hanoi Stock Exchange, the HCMC-based property firm has not been able to settle coupons
AGM to disband one subsidiary, sell another
HCMC – An Giang Import-Export Company has passed a resolution to disband its subsidiary, Angimex Food Purchasing Company, and sell another subsidiary, Dong Thap Agricultural Development Service Company (DASCO). Financial difficulties prompted the firm to adopt this resolution. Besides, the move is
Transport Ministry pushes for ETC systems at airports
HCMC – The Ministry of Transport has urged the Airports Corporation of Vietnam (ACV) to consider setting up electronic toll collection (ETC) systems at the gates to local airports to ease traffic congestion there. The prime minister signed Decision 19 in mid-2020 adjusting the development and
