Work starts on Metro Line No.1 operation center
HCMC – The HCMC Management Authority for Urban Railways (MAUR) began work on the Metro Line No.1 operation and management building today, January 31. The VND46-billion building will be home to the headquarters of the HCMC Urban Railways No.1 Company Limited, the project’s operator. Covering 3,100
S.Korea is Vietnam’s biggest tourism source market in January
HCMC – South Korea became Vietnam’s biggest tourism source market in January, accounting for one-third of all international tourist arrivals. Among the 871,000 international tourists who came to Vietnam in January, South Korea accounted for 258,946. The U.S. came in second with 77,897 visitors,
Ministry wants feedback on quality-rice growing plan
CAN THO – The Mekong Delta will have annual output of 7.7 million tons of high-quality rice by 2030 under a plan by the Ministry of Agriculture and Rural Development (MARD) to zone one million hectares for quality rice cultivation. The ministry has asked the Mekong Delta provinces for feedback on
Energy Vietnam becomes major shareholder of SJE
HCMC – Energy Vietnam Investment JSC has purchased more than 6.8 million SJE shares of Song Da No.11 JSC, making the former the latter’s major shareholder starting from January 16 this year. After the transactions were done, Energy Vietnam’s ownership in SJE rose from 0% to 31.2%. In related news,
Some 400,000 workers needed in Q1
HCMC – Companies nationwide need to hire an additional 377,700 workers by the end of the first quarter of this year, according to the Ministry of Labor, Invalids and Social Affairs. Most processing export and industrial zones nationwide have resumed operations after the Tet holiday, while the
Buon Ma Thuot Coffee Festival slated for March
HCMC – The 8th Buon Ma Thuot Coffee Festival 2023 will take place in Buon Ma Thuot City in March, featuring many activities such as a coffee video contest, a light festival and musical theater performances. The “Buon Ma Thuot – Destination of coffee worldwide” festival will be held from March 10
Khanh Hoa targets four million tourist arrivals this year
HCMC – The south-central province of Khanh Hoa looks to serve over four million tourists and earn VND21 trillion in tourism revenue in 2023, according to the province’s tourism action plan approved yesterday, January 30. Under this plan, the coastal province is expected to welcome 2.5 million
Land fee reduction to continue through 2023
HCMC – The Government has decided to extend the 30% land use fee reduction for businesses, households and individuals affected by Covid-19 throughout this year. The Government issued Resolution 07 yesterday, January 30, which enables Covid-19 impacted businesses, households and individuals who
More property firms exit market in 2022
HCMC – The number of real estate enterprises that pulled out of the market in 2022 soared by some 40% year-on-year, according to data from the Agency for Business Registration. Negative cash flows and higher prices of building materials sent many property firms into a tailspin, said the Ministry
Local fuel prices surge
HCMC – Domestic fuel retail prices were adjusted up by nearly VND1,000 per liter at 7 p.m. yesterday, January 30, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON 95-III gasoline, the most popular type of gasoline in Vietnam, is priced at VND23,140
Prenn Pass leading to Dalat to be closed for expansion
HCMC – Vehicles will be banned from using the seven-kilometer-long Prenn Pass to travel to Dalat City as work on the pass upgrade and widening project begins on February 6. The Lam Dong Department of Transport today, January 30, announced the closure of an 8-km section of National Highway 20
Vietnam has trade surplus of over US$3.6 billion in January
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office. Exports amounted to over US$25 billion in the month, down 13.6% month-on-month and 21.3% year-on-year. Imports were put at US$21.5 billion, down a steep 21.3% against December 2022 and
PM wants My Thuan 2 Bridge completed ahead of schedule
HCMC – Prime Minister Pham Minh Chinh has asked the investor and contractor of the My Thuan 2 Bridge project to complete the bridge over the Tien River in Tien Giang Province in September this year, three months earlier than the previous plan. The Government leader today, January 30, issued an
FECON picked as investor of VND3.2-trillion projects in northern Vietnam
HCMC – FECON Corporation, whose FCN shares are traded on the Hochiminh Stock Exchange, has announced that it has been chosen as the investor of two property projects in the northern provinces of Bac Giang and Thai Nguyen, with a total investment of over VND3.2 trillion. The People’s Committee of
HCMC takes lead in FDI attraction in 2022
HCMC – Fresh foreign direct investment (FDI) approvals in HCMC last year amounted to US$3.94 billion, up 5.4% year-on-year, said HCMC Chairman Phan Van Mai. Therefore, the city emerged as the largest recipient of FDI among 63 cities and provinces nationwide. Mai told Phap Luat Online newspaper
Industry Ministry says to safeguard local firms amid import spike
HCMC – The Ministry of Industry and Trade would step up efforts to protect the interests of local producers and exporters amid an import surge, the Vietnam News Agency reported. To mitigate the adverse effects of the sharp import growth and support domestic manufacturers, the ministry would work
