HCMC plans to expand four roads
HCMC – Four major roads in HCMC’s Go Vap District that are deteriorating, frequently flooded and overwhelmed by a huge traffic volume could be expanded at a total cost of nearly VND5.9 trillion. The government of Go Vap District proposed the road expansion plan to the HCMC People’s Committee at a
HCMC’s industrial production down 21% in January
HCMC – The index of industrial production (IIP) of HCMC in January fell 21.4% against December last year and 15% against the same period last year, according to the city’s Department of Industry and Trade. The IIP fall resulted from the week-long Lunar New Year holiday in the final week of last
Fuel businesses cry for help
HCMC – Hundreds of fuel companies have written to the prime minister saying the current regulations are putting a strain on their operations. The Government Office said it had received about 250 petitions to revise the law on fuel trading from fuel traders and retailers. In the letters, they asked
Antidumping duties on Chinese cold-rolled steel remain unchanged
HCMC – The Ministry of Industry and Trade has decided to keep in place the antidumping duties on cold-rolled steel coil and sheet imports from China. Vietnam would levy antidumping duties ranging from 4.43% to 25.22% on cold-rolled steel coil and sheet imports from China. The duties, imposed in
State budget revenue from import-export activities drops in January
HCMC – State budget revenue from imports and exports totaled over VND24.8 trillion in January 2023, down 42.3% year-on-year, showed data of the General Department of Vietnam Customs. The fall in January’s State budget revenue is attributed to the week-long Lunar New Year holiday that fell in
Illegally imported elephant tusks detected in Haiphong
HCMC – Haiphong City’s Department of Customs on February 2 coordinated with the competent authorities to inspect and detect nearly 500 kilograms of elephant tusks illegally imported from Africa through Lach Huyen port, the local media reported. A representative of the Haiphong Department of
Bui Thanh Nhon returns to Novaland as board chairman
HCMC – Bui Thanh Nhon, founder of NovaGroup, has officially come back to the property developer Novaland as chairman and legal representative, according to a press release issued this afternoon, February 3. Nhon’s return to the top post is part of the restructuring project that NovaGroup,
Shorter fuel price review cycle proposed
HCMC – The Ministry of Industry and Trade has proposed reviewing and adjusting fuel prices every seven days, instead of the current 10, to make it possible to align domestic and global gasoline prices. The weekly price review would take place every Thursday, except on holidays. If the adjustment
HCMC businesses need over 14,000 workers in Q1
HCMC – Businesses in the textile-garment, plastics, wholesale, engineering and electronics sectors in HCMC are expected to hire over 14,300 people in the first quarter of this year, according to a survey by the HCMC Department of Labor, Invalids and Social Affairs. Around 5,000 workers will be
An Cuong Wood obtains 2022 business targets
HCMC – An Cuong Wood – Working JSC wrapped up 2022 seeing its revenue and profit surpassing its targets for the year. The company said in its Q4/2022 financial report that it booked more than VND1.3 trillion in revenue and VND170 billion in profit in the final quarter last year, improving 27% and
Expy contractor voices concern over material shortage
HCMC – An expressway that links Quang Ngai and Binh Dinh provinces in central Vietnam needs some 13.9 million cubic meters of building materials such as sand and rocks, but the local mines cannot satisfy the demand, said the project’s contractor. Ho Minh Hoang, chairman of Deo Ca Group, the
HCMC’s Tet retail sales at five-year high
HCMC – Total revenue from retail sales of goods and services during the Lunar New Year (Tet) holiday reached a five-year high of around VND57 trillion, data of the HCMC Department of Industry and Trade showed. Consumption grew strongly during the period from January 14 (the 23rd of the 12th lunar
Finance Ministry suggests taxing land and buildings separately
HCMC – The Ministry of Finance has proposed developing a new property tax law to separate the tax on land from that on buildings. Figures showed that tax collection from agriculture and non-agriculture land accounted for 0.24% of total state budget revenue and 0.03% of the country’s gross domestic
Lam Dong clears 97 hectares of illegal greenhouses, net houses
HCMC – The Central Highlands province of Lam Dong had cleared over 97 hectares among 118 hectares of illegally-built greenhouses and net houses by January 31, reaching 82.69% of the target, according to the Lam Dong People’s Committee. The clearance took place in Dalat City, and Don Duong, Di Linh
Ngoc Hoi station proposed for expansion
HCMC – Hanoi City has approved a proposal to expand the Ngoc Hoi station to integrate with the stations and depots of other railway routes, including the North-South high-speed railway. In a written document issued by the Hanoi People’s Committee to the Ministry of Planning and Investment, Hanoi
Vietnam weighs electricity price hikes in 2023
HCMC – Vietnam is considering hiking electricity tariffs this year as the last adjustment took place almost four years ago while input costs of power generation have soared since. Deputy Minister of Industry and Trade Do Thang Hai said at a press conference yesterday, February 2, that the hike
