Work starts on bridge linking Haiphong, Quang Ninh
HCMC – The government of Haiphong City yesterday, February 2, broke ground on a project to build the Lai Xuan Bridge, which will connect the northern port city with neighboring Quang Ninh Province, and widen Provincial Road 352. The Lai Xuan Bridge, which will be 840 meters long and 12 meters
Vietnam emerges as biggest ASEAN wood products exporter to Australia
HCMC – Vietnam became the biggest ASEAN exporter of wooden products to Australia in November 2022, with US$205.6 million, up 26.4% over the same period last year, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. Australia has prioritized the import of wood frame
Steel prices soar three consecutive times in January
HCMC – Domestic steelmakers late last month announced to hike prices, the third spike of the month, reported the local media Domestic steelmakers adjusted up steel prices by VND300,000 – VND700,000 a ton on January 30 to over VND16 million a ton, but the new level is still over VND2 million lower
State Treasury to auction VND400 trillion G-bonds this year
HCMC – The Vietnam State Treasury (VST) has announced a plan to auction VND400 trillion worth of government bonds on the Hanoi Stock Exchange this year. It will raise VND108 trillion from sales of G-bonds with different maturities in the first quarter, including five-year and seven-year bonds
Labor market recovers after Tet
HCMC – Vietnam’s post-Tet labor market is seen recovering in the first quarter of this year, with a surge in hiring demand in labor-intensive industries such as footwear, apparel, manufacturing and services. Job placement centers in HCMC and Hanoi are striving to match job supply with demand. The
HOSE warns Vietnam Airlines over delisting risk
HCMC – The Hochiminh Stock Exchange (HOSE) has written to Vietnam Airlines JSC warning that the carrier’s HVN shares could be delisted from HOSE as the firm has made losses for three years in a row. HOSE said that on June 1, 2022, it had upheld its decision to put HVN shares under watch as […]
Six businesses lose fuel distribution licenses
HCMC – The Ministry of Industry and Trade has revoked the fuel distribution licenses from six local businesses, with effect on February 27. They comprise Bong Sen Vang Oil Co. Ltd.; Dai Long Petro Trading Joint Stock Company; Quang Ha Transport, Construction, and Trading Company Limited; An Huu
More aqua-product firms eligible to export to China
HCMC – An additional 23 Vietnamese businesses are eligible to export aqua products to China, as approved by the Chinese General Administration of Customs. The China Import Food Enterprise Registration system officially announced this, increasing the total number of qualified Vietnamese exporters
Transport Ministry told to disburse VND94 trillion in 2023
HCMC – The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021. The ministry chaired a meeting on the 2023 public investment disbursement yesterday, February 1. According
My An-Cao Lanh Expressway project gets extra VND1,400 billion
HCMC – The Ministry of Transport has proposed adding VND1,400 billion to the My An-Cao Lanh Expressway project in the Mekong Delta province of Dong Thap, bringing the total cost of the project to VND6,209 billion. The additional capital will be used to cover the growing expenses of construction
Tourism revenue reaches VND46 trillion in January
HCMC – Vietnam’s tourism industry generated around VND46 trillion in revenue this January, with a surge in domestic and international tourist numbers, according to the Vietnam National Administration of Tourism. Vietnam attracted around 13 million domestic tourists in January, nearly 1.6 times
Over 32% of apparel firms remain closed in Hanoi
HCMC – Nearly a third of textile and garment firms have yet to reopen in Hanoi although the Lunar New Year holiday has ended. Over 83% of businesses in Hanoi reopened on January 27, with nearly 95% of their employees returning to work, the Hanoi Confederation of Labor reported. The number rose to
Ba Ria-Vung Tau speeds up land clearance for Bien Hoa-Vung Tau expy
HCMC – Site clearance and technical infrastructure relocation for the Bien Hoa-Vung Tau expressway project are being expedited, said Nguyen Cong Danh, deputy head of the Cai Mep-Thi Vai management board of traffic projects, the investor of the project. The project will affect over 1,240 households
Over VND638 trillion of public investment for 2023 allocated
HCMC – More than VND638 trillion in public investment capital for this year has been allocated, reaching over 90% of the target set by the Prime Minister, according to a Ministry of Finance report. The ministry said in the report that the total amount of capital earmarked for public investment in
Tet train schedules remain in place
HCMC – The railway industry will keep in place the extra train schedules designed for the Tet holiday season, according to the Hanoi Railway Transport JSC (HARACO). TN3 and SE9 trains will be in service longer than expected to meet the travel demands of passengers from central provinces to HCMC,
Work starts on Vam Giong Bridge in Tien Giang
HCMC – The Mekong Delta province of Tien Giang began construction on the VND56-billion Vam Giong Bridge project today, February 1. The bridge connects the districts of Cho Gao and Go Cong Tay, with the main span and its access roads stretching roughly 1,300 meters. The project would be completed
