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
Sacombank deputy general director resigns
HCMC – The Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) has relieved Le Van Ron from his posts of deputy general director and risk management director at the bank following his request, with effect from today, February 1. Ron has 32 years’ experience in finance and banking. He
State budget revenue reaches over VND165 trillion in January
HCMC – State budget revenue in January 2023 totaled VND165.7 trillion, meeting 12.1% of the year’s estimate and reaching 4.4% higher than the same period last year, according to the General Department of Taxation under the Ministry of Finance. Of the total, budget revenue from crude oil amounted
Two carriers conduct nearly 400 ferry flights from Tan Son Nhat airport
HCMC – Vietnam Airlines and Vietjet Air operated a total of 399 ferry flights from the Tan Son Nhat airport to take passengers from northern and central provinces to HCMC from January 26 to 30 as the Lunar New Year holiday (Tet) ended. Migrant workers in HCMC and some neighboring provinces
Local cooking gas prices soar in Feb
HCMC – The domestic retail cooking gas price surged by over VND60,000 per 12-kilogram cylinder starting today, February 1, following the soaring global prices of the product. In Hanoi City, a 12-kilogram cylinder of the Petrolimex cooking gas is priced at VND480,500, up VND62,000 against the
Int’l cruise ships return to Vietnam post pandemic
HCMC – Many cruise ships have begun carrying foreign passengers to Vietnam, particularly during the Lunar New Year holiday, or Tet, signaling the recovery of international tourism after more than two years of declining due to the Covid-19 pandemic. The number of ships arriving in Vietnam in the
HCMC proposes six BOT road projects worth VND100 trillion
HCMC – The HCMC Department of Transport has proposed developing six projects to widen and upgrade existing roads under the build-operate-transfer (BOT) format with a total cost of VND100 trillion. Under the Law on Public-Private-Partnership Investment, the BOT format is only used for building new