Work starts on medical university campus in HCMC
HCMC – Work began on the second campus and a teaching hospital of the Pham Ngoc Thach University of Medicine yesterday, February 17. The VND2.4-trillion project is expected to be completed in 2025. The university’s second campus and teaching hospital will be located in Tan Kien Commune, Binh Chanh
HCMC wants to build multi-storey car parks
HCMC – The government of HCMC has written to the Ministry of Construction proposing developing multi-storey car parks to meet the huge parking demand in the city. In a document sent to the Ministry of Construction, the city proposed building prefabricated modular car parks, which maximize the
Mobile World says to close stores in Vietnam, Cambodia
HCMC – Vietnamese retail firm Mobile World JSC will close its AVASport stores in Vietnam and the Bluetronics chain in Cambodia this year. AVASport is a chain of authentic sporting goods stores in Vietnam while Bluetronics is a household electronic appliance store chain in Cambodia, similar to the
PM says Govt will not bail out real estate sector
HCMC – Prime Minister Pham Minh Chinh has said the Government will not bail out the struggling real estate sector. Speaking a hybrid conference on policies and solutions for the frozen real estate sector yesterday, February 17, Chinh said there would be no bailout but government agencies, local
An Giang targets eight million tourist arrivals in 2023
HCMC – The Mekong Delta province of An Giang expects to attract eight million tourist arrivals and make VND5.5 trillion in tourism revenue this year, according to the An Giang Department of Culture, Sports and Tourism. The province wants to develop the tourism sector into a driving force for
Apple contractor Foxconn leases new site in Vietnam
HCMC – Foxconn Technology Group, the biggest contractor of Apple, has signed a lease with the Saigon-Bac Giang Industrial Park Corporation for a 450,000-square-meter site at around US$62.5 million, the local media reported. The new manufacturing site of Foxconn is at the Quang Chau Industrial Zone
Highway 51 investor told to continue road maintenance after toll suspension
HCMC – The Directorate for Roads of Vietnam has told the investor of National Highway 51 to keep road maintenance even although its toll collection has been temporarily suspended. Bien Hoa-Vung Tau Expressway Investment and Development JSC (BVEC) late last month wrote to the Ministry of Transport
Germany recognizes revised Vietnamese passport
HCMC – Germany has officially recognized the new Vietnamese passport that contains the birthplace field on the personal identification page, meaning the holder of this passport can now apply for Schengen visa. The German Embassy in Vietnam announced the above information on February 16, saying
PM urges Ben Tre to grow maritime economy
HCMC – Prime Minister Pham Minh Chinh has told the government of Ben Tre Province to focus on developing the maritime economy to step up socioeconomic development. Chinh asked the province to concentrate on three key drivers of economic growth, namely domestic consumption, investment and export.
Novaland chairman calls for debt restructuring for property firms
HCMC – The chairman of the major Vietnamese property developer Novaland has called for lender banks to restructure debt owed by real estate businesses. Bui Thanh Nhon made the proposal during a hybrid conference held this morning, February 17 to find solutions to cope with woes faced by the real
Vietnam’s fuel imports surge in Jan
HCMC – Vietnam imported 1.03 million tons of fuels worth US$879 million last month, rocketing 70% in volume and 92.6% in value year-on-year, according to the General Department of Vietnam Customs. The country also imported one million tons of crude oil worth US$621 million last month, up 43.8%
The Coffee House owner buys back VND200 billion worth of bonds
HCMC – Seedcom JSC, the owner of the popular coffee shop chain The Coffee House, has completed the buyback of bonds in the lot SEECH2123001 before maturity, with a total value of VND200 billion. The bond buyback was conducted on January 3 this year, Seedcom said in an announcement sent to the
Nguyen Huu Canh overpass to reopen in late Feb
HCMC – Nguyen Huu Canh overpass in HCMC’s Binh Thanh District will be reopened to traffic late this month, after four months of being closed to automobiles for repair, according to the municipal Department of Transport. Speaking at a press conference on socio-economic activities in the city on
Public investment in HCMC double over last year
HCMC – Over VND70.5 trillion in public investment capital will be allocated to HCMC this year, with over VND15 trillion from the central State budget and VND55 trillion from the city’s budget, the Vietnam News Agency reported. The capital earmarked for public investment in 2023 increased twice as
Hanoi to develop two satellite cities and three growth pillars
HCMC – Hanoi City has mapped out a master plan for development in the 2021-2030 period, with a vision to 2050, in which two satellite cities and three growth pillars will be developed in the city. The first satellite city will be located north of the Red River, comprising the districts of Me Linh,
EuroCham suggests Vietnam’s visa waiver for all EU nations
HCMC – The European Chamber of Commerce (EuroCham) has proposed Vietnam expand its visa waiver program to all European Union (EU) countries and offer a longer visa-free stay to attract European visitors, EuroCham said in its 14th White Book launched in Hanoi on February 16. Vietnam should
