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
Yeah1 to establish new subsidiary
HCMC – Yeah1 Group Corporation, whose YEG shares are traded on the Hochiminh Stock Exchange, will establish 1Production Co., Ltd whose VND2-billion charter capital is entirely contributed by Yeah1 Group. The Yeah1 management board has passed a plan for contributing capital to the new subsidiary,
Phu Yen plans 14-km seaside road
HCMC – The central province of Phu Yen plans to build a 14.2-kilometer seaside road linking Tuy An District and Tuy Hoa City to enhance regional transport connectivity and fuel economic growth. The provincial People’s Council passed a resolution to develop the VND3.43-trillion seaside road project
Hung Thinh rejects rumors of paying salaries by vouchers
HCMC – Real estate developer Hung Thinh Corporation has denied rumors that the firm is paying salaries by real estate vouchers. An image of a document that went viral on social media showed that part of the employees’ salaries of Hung Thinh Corporation and its affiliated companies would be paid in
Over 7,800 autos imported via Haiphong port in January
HCMC – Port of Haiphong Joint Stock Company has reported some 7,818 autos were imported through the Haiphong port in the first month of this year, increasing by 5,895 units over the same period in 2022. More than half of the automobiles brought into Vietnam in January came through the port. The
Expy project proposed in Bac Kan
HCMC – The Project Management Unit 2 has sought the Transport Ministry’s nod to build a 28.7-kilometer expressway in the northern province of Bac Kan with four lanes instead of two as previously suggested. The Project Management Unit 2 said yesterday, February 15, that it proposed the ministry
Vietnam looks to boost tech cooperation with Japan
HCMC – Vietnam expects Japan to strengthen bilateral cooperation in key industries, with a focus on technology, Deputy Prime Minister Tran Luu Quang said yesterday, February 15. Speaking at the Vietnam-Japan Economic Forum 2023, Quang proposed that Vietnam and Japan continue developing bilateral
Vietnam to test biometric technology at airports
HCMC – The Civil Aviation Authority of Vietnam (CAAV) ) has introduced a plan to test-use biometrics to identify passengers at the airport checkpoint, such as fingerprint screening, image capturing and face recognition scanning in the first quarter of this year. This year the CAAV will coordinate
Two more auto testing centers in Hanoi to resume operations
HCMC – Vietnam Register, under the Ministry of Transport, has allowed two auto registration and inspection centers in Hanoi, 29-01V and 29-06V, to reopen after their suspension over irregularities. These two centers and others in the capital city have been closed to serve a police investigation of
Can Tho seen becoming major economic driver
HCMC – Can Tho City is poised to become one of the country’s economic growth drivers as stated in the national and local development plans, according to Minister of Planning and Investment Nguyen Chi Dung. The city has achieved significant socioeconomic achievements, given its rising role in the
Tourist trains to resume operations on Hanoi-Danang route
HCMC – Tourist trains on the Hanoi-Danang route will return to normal operation after a year of suspension due to low travel demand, according to the Hanoi Railway Transport JSC. The SE19 tourist train will restart running from March 2, departing from Hanoi Railway Station at 7:50 p.m. and
