More bond issuers face debt repayment woes
HCMC – Many bond issuing companies are having difficulty settling debt as poor business conditions, tough access to credit and difficulties in raising funds from the stock market have heavily affected their cash flows. Hung Thinh Incons JSC called for a delay in paying principal and interest for a
FLC shares to be delisted next week
HCMC – The Hochiminh Stock Exchange (HOSE) has announced it will delist nearly 710 million shares of FLC Group, with a total value of nearly VND7.1 trillion, from February 20. At the time of announcement, FLC shares were priced at VND3,570. The company will be delisted for its serious information
HCMC seeks to expand agricultural cooperation with Ontario
HCMC – HCMC has suggested the Canadian province of Ontario continue to strengthen cooperation in more sectors, especially agriculture, heard a meeting between the HCMC government and Ontario’s Ministry of Agriculture, Food and Rural Affairs (OMAFRA) yesterday, February 13. The HCMC People’s
Binh Duong set to have new city
HCMC – The southern province of Binh Duong will have a new city called Tan Uyen, with a total area of 191.76 square kilometers and a population of over 466,000. The new city will have 10 wards and two communes of Tan Uyen Town. Yesterday, February 13, all the National Assembly (NA) Standing
Kep Railway Station to operate int’l lines
HCMC – The Ministry of Transport has authorized the temporary operation of international freight lines at the Kep Railway Station in the mountainous province of Bac Giang, beginning mid-February. The station’s international operation is planned to facilitate trade for local enterprises in Bac
HCMC plans to take back Saigon Silicon City investment certificate
HCMC – The government of HCMC is preparing paperwork to withdraw an investment certificate from the Saigon Silicon City project within this year due to the project’s long delays, said a city official. It is inappropriate to have a project like this lagging behind schedule while many other projects
Ultraviolet radiation index stays high in HCMC
HCMC – The ultraviolet radiation (UV) indexes in HCMC and elsewhere in southern Vietnam will pose a high risk of harm between 11:00 and 13:00 from February 13 to 15, according to the Southern Regional Hydrometeorological Center. The weather forecast bulletins of the Southern Regional
VCCI proposes skipping checks on origin of goods with C/O
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) proposed that customs agencies skip checks on the origin of goods with Certificates of Origin (C/O) to ward off management overlap. The draft circular on the origin determination of imported and exported goods by the Ministry of Finance
Real estate sector still struggles
HCMC – The ongoing credit crunch and the Government’s restrictions on corporate bond sales have put an additional strain on the debt-ridden real estate sector. Savills Vietnam’s survey pointed out that homebuyers must apply for a mortgage worth around 50% to 80% of the total value of a mid-end
Vietnam Airlines resumes regular Hanoi-Kuala Lumpur flights
HCMC – Vietnam Airlines resumed regular flights between Hanoi and the Malaysian capital of Kuala Lumpur on February 13. The national flag airline’s Hanoi-Kuala Lumpur route has a frequency of four weekly flights on Tuesdays, Thursdays, Fridays and Sundays. Vietnam Airlines will offer promotional
Domestic airlines’ licenses to be reviewed
HCMC – The Ministry of Transport has asked the Civil Aviation Authority of Vietnam (CAAV) to review the licenses of domestic airlines operating commercial flights, the local media reported. The instructions, signed by Deputy Minister of Transport Le Thanh Tuan, authorized CAAV to propose measures
Halong to become national service-tourism center
HCMC – The Government has approved the master plan of Quang Ninh Province for the period of 2021-2030 and Halong City of the province until 2040, under which this coastal city will be developed into a world-class service and tourism hub, according to the local media. The general plan for Halong
Gasoline rises, diesel falls
HCMC – Gasoline prices in Vietnam continued rising further today, February 13, while diesel oil edged down. The ministries of Industry-Trade and Finance revised the retail prices of gasoline nationwide, with RON 95-III gasoline and E5 RON 92-III bio-gasoline selling for VND23,760 and VND22,860 per
Savico issues 33 million more shares
HCMC – Saigon General Service Corporation (Savico), whose SVC shares are traded on the Hochiminh Stock Exchange (HOSE), has issued more than 33.3 million shares, equivalent to the number of its outstanding shares. HOSE on February 10 announced changes to the number of listed shares of Savico,
Vietnam power plants face coal shortage
HCMC – Coal-fired power plants are at risk of having no enough coal to generate electricity, according to Vietnam Electricity Group (EVN). EVN expressed its concerns in a document sent to the Ministry of Industry and Trade regarding the operation of the new Thai Binh 2 Thermal Power Plant.
Work starts on commercial center in Hue
HCMC – Work has begun on AEON MALL Hue, the biggest shopping center in central Vietnam, in Thua Thien-Hue Province. This is the seventh shopping center of AEON MALL in Vietnam and it is expected to be put into service in late 2024. The 8.6-hectare project in An Dong Ward, Hue City requires an
