Mekong Delta provinces told to supply sand to expy project
HCMC – Three Mekong Delta provinces, Vinh Long, Dong Thap and Long An, have been asked to ensure the supply of 19 million cubic meters of sand for two sections of the North-South Expressway project. The Ministry of Transport has sent this request to the three provinces as the shortage of sand is
Tan Tao sells entire stakes from two affiliates
HCMC – Tan Tao Investment and Industry Corporation (ITACO) has announced its divestment from its two affiliates, Tan Tao Energy Development Corp (TEDC) and Tan Tao Urban Development and Investment Corporation (Tan Tao City Corp.). ITACO, which trades its ITA shares on the Hochiminh Stock Exchange,
PM wants lending eased for real estate sector
HCMC – Prime Minister Pham Minh Chinh has called for commercial banks to make credit accessible to property firms and homebuyers and cut costs to lower interest rates. Apart from real estate, they should also ensure meeting the loan demand of priority sectors such as manufacturing, he said, citing
Many Japanese firms in Vietnam plan expansion
HCMC – Many Japanese companies active in Vietnam are planning to expand their operations, heard a recent meeting between the Ministry of Planning and Investment and the Japan External Trade Organization (JETRO). For their plans in the next one to two years, 60% of Japanese firms will expand in
VCCI proposes allowing businesses to set fuel retail prices
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages. VCCI also proposed doing away with the fuel price stabilization fund as it has failed to stabilize
Commercial sidewalk use may be charged by HCMC authorities
HCMC – HCMC is planning to allow the paid use of sidewalks for commercial purposes such as vending goods or parking if these business activities leave a space of at least 1.5 meters wide for pedestrians. The plan is part of a draft replacing Decision 74, dated 2008, on the management and use of
HoREA asks SBV to help struggling real estate sector
HCMC – The HCMC Real Estate Association (HoREA) has asked the State Bank of Vietnam (SBV) to allow credit restructuring to help real estate firms out of the financial crunch. The association wrote to the SBV, the central bank of the nation, just ahead of a meeting today, February 8, between the
Hanoi to start work on Beltway 4 this June
HCMC – The capital city of Hanoi will break ground on the Beltway 4 project in June this year, according to the Hanoi Management Board of Investment and Construction of Traffic Projects. The project management board has announced it would focus on facilitating procedures to begin construction on
Vietravel Airlines wants to increase capital nearly sixfold
HCMC – Vietravel Airlines has proposed the Government considering a roadmap to increase its investment capital from VND1,300 billion to VND7,642 billion by 2025. After more than two years of operation, Vietravel Airlines has three Airbus A321 aircraft, with a total investment capital of VND1,300
Binh Duong to develop 18,000 social homes in 2023
HCMC – The southern province of Binh Duong has approved a housing development plan for 2023, setting a target of building 18,000 social homes for workers this year, the local media reported. The province aims to continue improving its housing quality and serve the housing demand of residents,
Labor market bounces back
HCMC – Vietnam’s labor market has improved, sending goods news to workers being laid off in the final quarter of last year due to a shortfall of new orders faced by their companies. The Hanoi Center for Employment Services, in cooperation with job centers in six neighboring provinces, will hold
VNA to resume more air services to China
HCMC – Vietnam Airlines (VNA) will reopen international services on five more routes linking Vietnam and neighboring China in the next two months, raising the total number of Vietnam-China routes operated by the airline to nine, just one less than the pre-pandemic level. The national flag carrier
Quang Tri proposes adding power projects to national plan
HCMC – The government of Quang Tri Province has proposed adding local power generation projects to the National Power Development Plan for 2021-2030, reported the local media. These projects comprise a 1,800-2,000MW wind farm west of the province and a 1,200-2,000MW pumped-storage hydroelectricity
Aqua-product exports plunge 31% in January
HCMC – Vietnam’s aqua-product exports dropped sharply in January, fetching only US$600 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The first month this year saw a plunge of 31% in aqua-product export value year-on-year due to the week-long Lunar New
Two broken undersea cables linked to Vietnam to be fixed
HCMC – Two among four broken undersea cables linked to Vietnam are scheduled to be fixed in March and April this year, reported the local media. A plan to fix Asia Pacific Gateway (APG) and Intra Asia (IA) undersea cable networks has been announced, according to a representative of an internet
FIR to issue nearly 9 million shares to pay dividend
HCMC – First Real JSC, whose shares are traded on the Hochiminh Stock Exchange under the code FIR, is set to issue over 8.9 million shares to make the 2021 dividend payment to its existing shareholders. The firm will close the shareholder list for dividend payment on February 14. With the stock
