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
S.Korea tops in foreign-affiliated investments in Vietnam in 2016-2020
HCMC – South Korean investments in affiliated firms in Vietnam ranked first between 2016 and 2020, according to a recent report by the General Statistics Office. Foreign-affiliated firms are known as businesses with a foreign ownership of over 50%. During the period, there were 5,663 South Korean
Vietnam proposes China put it on inclusion list for group tours
HCMC – Vietnam’s Ministry of Culture, Sports and Tourism has written to the Chinese Culture and Tourism Ministry proposing China allow the resumption of group tours to Vietnam. Tourism cooperation between the two countries has been a bright spot in bilateral cooperation, the ministry said in its
Two Vietnamese-invested undersea internet cables ready by year-end
HCMC – Two new undersea internet cables, invested by Vietnamese telecom giants VNPT and Viettel, will be put into operation by the end of this year or in early 2024. A representative of Vietnam Posts and Telecommunications Group (VNPT) said that the Southeast Asia-Japan 2 Cable System (SJC2),
Material shortage seen setting back cross-nation expressway project
HCMC – The total quarrying capacity of companies licensed to supply building materials for the North-South expressway is below demand, leading to some components of the expressway possibly falling behind schedule. According to the Transport Construction Investment Management Authority under the
Dong Nai approves component one of Bien Hoa-Vung Tau expy
HCMC – The government of Dong Nai Province yesterday, February 16, approved component one of the phase-one Bien Hoa-Vung Tau expressway that will pass through the southern province. Component one will start at National Highway 1 in Phuoc Tan Ward, Bien Hoa City, and end in Long An Commune, Long
Vietnam’s durian exports to China targeted at US$1 billion this year
HCMC – Vietnam’s durian shipments to China are forecast to fetch over US$1 billion in all of this year, said Dang Phuc Nguyen, general secretary of the Vietnam Vegetable and Fruit Association. Since Vietnam started formal durian exports to China in September last year, some US$400 million worth of