US$6-billion Can Gio port’s pre-feasibility study to be completed in Q1
HCMC – Investors of the international transshipment port project in HCMC’s outlying district of Can Gio plan to complete the project’s pre-feasibility study and seek approval for it in the first quarter of this year. The first phase of the project is set to begin construction in 2024 and be
Cargo ships collide in Can Gio
HCMC – The Singaporean-flagged Wan Hai 288 ship crashed into the Resurgence vessel in the opposite direction in Long Tau River in HCMC’s outlying district of Can Gio early this morning, February 11. No casualties were reported, but the two vessels suffered significant damage including several
Social insurance evading enterprises may have bank accounts frozen
HCMC – The Vietnam General Confederation of Labor has proposed applying many measures for enterprises delaying or evading social insurance (SI) payments including freezing violated enterprises’ accounts, publicizing their names on national portal, and prohibiting them from participating in
Bridge linking Quang Nam, Danang to be built
HCMC – A bridge which will span the Yen River and connect Danang City with neighboring Quang Nam Province in central Vietnam is set to be developed between now and 2026, with a total cost of an estimated VND274 billion. Danang City has requested Quang Nam to provide feedback on the feasibility
Vietnam’s auto imports rocket in Jan
HCMC – Vietnam imported over 14,450 completely-built-up (CBU) cars worth US$314.5 million in January, skyrocketing 219% in volume and 149% in value year-on-year, according to statistics from the General Department of Vietnam Customs. The number of autos imported from Thailand amounted to nearly
Keppel Land, Khang Dien Group to develop sustainable urban projects in HCMC
HCMC – Singapore’s Keppel Land and Vietnamese real estate developer Khang Dien Group yesterday, February 10, signed a memorandum of understanding (MOU) to develop residential and sustainable urban area projects in HCMC. The MOU signing was witnessed by Vietnamese Prime Minister Pham Minh Chinh
Thai Nguyen Hospital Company starts work on hospital in Bac Giang
HCMC – Thai Nguyen International Hospital JSC, whose shares are traded on the Hochiminh Stock Exchange under the code TNH, has broken ground on the Viet Yen hospital project in the northern province of Bac Giang. The 5,000-square-meter hospital project in Bich Dong Town in Viet Yen District will
Work starts on Prenn Pass expansion project in Lam Dong
HCMC – The Central Highlands province of Lam Dong broke ground on a project to expand and upgrade the seven-kilometer Prenn Pass this morning, February 10, the local media reported. When the VND550-billion project is completed, the pass will be 15.5 meters wide, double the current width, and have
Sembcorp keen on renewable energy investment in Vietnam
HCMC – Singapore’s Sembcorp will step up its investment in renewable energy in Vietnam, with a focus on offshore wind power generation for export to Singapore, heard a meeting today, February 10, between Vietnamese Prime Minister Pham Minh Chinh and a Sembcorp leader during the former’s visit to
Some 6,000 promo train tickets go on sale on HCMC-Hanoi route
HCMC – The Saigon Railway Joint Stock Company has launched a promotion program to offer a 30% discount on 6,000 train tickets from February 21 to March 31 to boost rail travel. Tickets, open for sale from 8:00 on February 18 to the end of March 28 and applicable for fixed seats, must be purchased
Deadline for Metro Line No.1 completion extended
HCMC – The Government has agreed to reschedule the completion date of Metro Line No. 1 to the final quarter of 2023. The earlier deadline for the Ben Thanh-Suoi Tien metro line is the fourth quarter of 2021, with the contractors’ warranty period lasting for two years from 2024 to 2025 and the time
Becamex IDC, Sembcorp clinch deal to develop sustainable IPs in Vietnam
HCMC – Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp Development Ltd today, February 10, signed a Memorandum of Understanding (MOU) to jointly establish five sustainable industrial parks (IP) in Vietnam in the next three years, with a total investment of US$1 billion. The signing
Vietnam, Singapore eye stronger cooperation
HCMC – Prime Minister Pham Minh Chinh, during his official visit to Singapore, met with President Halimah Yacob and Prime Minister Lee Hsien Loong to discuss areas of mutual interest such as economy, security, defense, education, human resource development, tourism needs stimulation and
Five wood associations join hands to boost trading
HCMC – Vietnam’s five wood industry associations have announced their strategic cooperation to boost trade promotion and woodwork exports and develop the local wood market. They are the Association of Vietnam Timber and Forest Product (VIFOREST), the Handicraft and Wood Industry Association of
Derivatives trade plummets in January
HCMC – The derivatives market remained gloomy in January, with the VN30 index futures contract trading volume and value slipping. Though the VN30 index registered 1,125.07 points in January, up 11.3% against December 2022, the average trading value of the VN30 index futures slid nearly 34% over
Vietnam’s exports to Americas exceed US$8 billion in January
HCMC – Vietnam exported goods worth US$8.21 billion to the Americas and spent US$1.64 billion on imports from this market in January this year, resulting in a trade surplus of around US$6.56 billion, according to the Ministry of Industry and Trade. The U.S. remained Vietnam’s biggest trade partner