PNJ reports higher revenue in Jan
HCMC – Phu Nhuan Jewelry Joint Stock Company, which trades its PNJ shares on the Hochiminh Stock Exchange, has announced its January business results, with its net revenue expanding 18.8% year-on-year at VND4.13 trillion. The HCMC-based firm also posted VND302 billion in after-tax profit, up 11.8%
Quang Ninh, Lai Chau reopen border gates
HCMC – After a three-year Covid-19 hiatus, all immigration and freight services between Vietnam and China have been restored at the Mong Cai and Ma Lu Thang northern border gates in Quang Ninh and Lai Chau provinces, respectively. Chinese authorities required individuals entering China via the Bac
Cleared land must be handed over to Long Thanh airport project in Q1
HCMC – Deputy Prime Minister Tran Hong Ha has told Dong Nai Province and the Airports Corporation of Vietnam (ACV) to expedite the clearing of the remaining areas to deliver all sites of the first phase of the Long Thanh International Airport project this quarter. The Government Office has
Over VND7.4 trillion set for railway renovation this year
HCMC – The Vietnam Railway Project Management Board will start upgrading six railway projects this year to improve the national railway system and beef up the capacity of railway transport. Among them, five rail links will be financed by the State budget, while the railway renovation project in
Thailand’s largest retailer to invest US$1.45 billion in Vietnam by 2027
HCMC – Central Retail Corporation (CRC), Thailand’s largest retailer, has announced a new investment amounting to US$1.45 billion in Vietnam in 2023-2027 to expand its operations. After its acquisition of Nguyen Kim, a home appliance distribution chain in Vietnam, and its opening of Go!
Changes to HCMC Beltway 4 project proposed to cut costs
HCMC – In addition to the planned direction, the HCMC government has sent the Government two more alternatives for the Beltway No. 4 project, which are believed to help cut costs and reduce impacts on local residents along the way. The first option follows the original plan, spanning over 17
Finance Ministry wants insurance sales inspected
HCMC – Finance Minister Ho Duc Phoc today, February 20, ordered authorities to inspect insurance sales in the wake of bank tellers being found to force clients to buy life insurance policies. In September last year, Phoc told the Insurance Supervisory Authority to strengthen supervision over
A Business's Guide To Selecting The Right Marketing Model
Marketing is a crucial component of any business, as it helps to increase brand awareness, attract new customers, and ultimately drive sales. However, with so many marketing models, it can be overwhelming for businesses to determine which is right for them. Whether you're a new business or not,
Vietnam imposes anti-dumping duties on furniture from China
HCMC – Vietnam has imposed anti-dumping duties on table and chair imports from China as a sudden spike in imports of these products has impacted local production. According to the Ministry of Industry and Trade’s decision, duties of 35.2% are levied on tables and 21.4% on chairs, with effect from
Ben Tre to invest over VND13 trillion in coastal road
HCMC – The Mekong Delta province of Ben Tre plans to build a 53-kilometer-long coastal road this year at a total estimated investment cost of VND13 trillion, reported the local media. Cao Duc Minh, director of the Ben Tre Department of Transport, unveiled the plan yesterday, January 19, saying the
FLC shares to move to UPCoM
HCMC – FLC Group will move its shares to the Unlisted Public Company Market (UPCoM) on Wednesday, February 22, according to the Vietnam Securities Depository (VSD). Although the Hochiminh Stock Exchange has delisted FLC shares for failure to disclose information as required, the firm is still a
Fruit price fall hits local farmers
HCMC – Fruit prices in southern Vietnamese provinces have dropped by half since the beginning of February, as the demand has been in decline.
Special consumption tax on gasoline still in place
HCMC – The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050. The special consumption or excise tax is a government levy on specific goods and services whose
HCMC cuts land rent for Covid-affected individuals, organizations
HCMC – The HCMC Tax Department has announced rent cuts for land and water surfaces for those affected by the Covid-19 pandemic in compliance with a Government resolution. According to the HCMC Tax Department’s Notification No. 1465, rent reductions for land and water surfaces are applicable to the
Minimizing rental costs with multi-client warehouses
The logistics industry has expanded rapidly with double-digit growth in recent years and become essentially important to Vietnam’s social and economic development. In an interview with The Saigon Times, Mr. Le Thanh Vinh, general manager of Nhatviet Logistics, a logistics expert with 20 years of
Two huge credit packages are good news for struggling real estate sector
HCMC – Struggling with difficult access to bank loans, the real estate sector has got good news that two major credit packages totaling VND230 trillion would be launched after Prime Minister Pham Minh Chinh met with real estate businesses on Friday. At a hybrid conference on solutions to pull the
