ACV told to set new bidding criteria for Long Thanh airport terminal
HCMC – The Ministry of Transport has told the Airports Corporation of Vietnam (ACV) to set new criteria on costs and completion schedule to select qualified and experienced contractors for the Long Thanh airport terminal project. The ministry’s move came after a proposal was made by the Vietnam
Gojek Vietnam has new general manager
HCMC – Gojek, Southeast Asia’s leading on-demand mobile platform, announced the appointment of Sumit Rathor as general manager of Gojek Vietnam today, January 18. Rathor will replace Phung Tuan Duc, who had served as general manager of Gojek Vietnam since 2020. Rathor joined Gojek in 2019 as
VIX Securities acquires 15 million GEX shares
HCMC – VIX Securities JSC has purchased 15 million shares of Gelex Group JSC, which trades its GEX shares on the Hochiminh Stock Exchange, to raise its ownership in the latter to 3.52%. The securities firm, whose shares are traded on the HCMC exchange under the code VIX, conducted the share
Five ferries to be mobilized for temporary Rach Mieu ferry terminal
HCMC – Authorities will put into service five 100-ton ferries at the temporary Rach Mieu ferry terminal to meet the increasing travel demand of residents in the coming days, according to the vice director of the Ben Tre Bus Station and Ferry Management Center. This is the first time the temporary
Expanded road in Tan Son Nhat airport area completed
HCMC – The expansion of a section of Cong Hoa Street from 10-15 meters to 14-19 meters at Lang Cha Ca intersection in Tan Binh District to ease traffic congestion at the gateway to Tan Son Nhat International Airport has been completed. The 130-meter section from Alley 2 of Tran Quoc Hoan Street to
Banking fraud surges ahead of Tet
HCMC – As Vietnamese often go on a shopping spree during the Lunar New Year holiday, banking fraud is also on the rise. Fraudsters often pose as representatives of well-known businesses such as banks and send their target victims text messages, deceiving them into clicking an attached link and
Vietnam, S.Korea look to achieve US$100 billion in bilateral trade this year
HCMC – Vietnam and South Korea strive to increase bilateral trade to US$100 billion in 2023 and US$150 billion in 2030. Prime Minister Pham Minh Chinh had a meeting with the South Korean National Assembly’s Chairman Kim Jin Pyo during his official visit to Vietnam at the Government Office
Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities
HCMC – The Hanoi People’s Committee has announced the closure of the pedestrian spaces around Hoan Kiem Lake and the Old Quarter, allowing citizens to travel smoothly during the Tet holiday. The walking zones around Hoan Kiem Lake and the Old Quarter will be closed from January 20 (the 29th of the
Govt approves changes to Dong Dang – Tra Linh expressway project
HCMC – The Government has approved major changes to the Dong Dang – Tra Linh expressway project including scope of investment, capital structure and duration of project. Under the revised plan, the Dong Dang – Tra Linh expressway will span 121.06 kilometers instead of 115 kilometers as previously
Personal income tax revenue surges 27% y-o-y
HCMC – The 2022 personal income tax revenue soared 27% against the previous year, at over VND166.7 trillion, showed data of the General Statistics Office (GSO). The figure was 38% higher than the 2022 target, equivalent to an additional revenue of VND48.6 trillion, the Vietnam News Agency
SMBC no longer major shareholder of Eximbank
HCMC – Sumitomo Mitsui Banking Corporation (SMBC), a strategic foreign partner of Eximbank, whose shares are traded on the Hochiminh Stock Exchange under the code EIB, is no longer a major shareholder of the local bank. SMBC, which has been in partnership with Eximbank for over 15 years, sold
ManpowerGroup celebrates 15th anniversary in Vietnam
HCMC – ManpowerGroup, a global recruitment, staffing and outsourcing company, recently celebrated its 15th anniversary in Vietnam. During the past 15 years, ManpowerGroup Vietnam has supported some 500 companies and corporations of all sizes and industries in Vietnam, connecting thousands of
Vietnam Airlines adds flights to meet huge Tet travel demand
HCMC – Vietnam Airlines (VNA) has announced to add 108 more flights with nearly 20,000 seats to satisfy the huge air travel demand during the Lunar New Year holiday (Tet). The national flag carrier will operate these flights on the routes linking HCMC with Hanoi, Vinh, Thanh Hoa, Haiphong, Danang
Haiphong navigational fairway to be upgraded
HCMC – The Ministry of Transport has given Gemadept the green light to study the upgrade of the Haiphong navigational fairway, reported by the local media. In an official dispatch to Haiphong City, the Vietnam Maritime Administration and Gemadept, the Transport Ministry gave in-principle approval
Unilever CEO Alan Jope: Sustainability at the heart of Unilever from day one
Unilever, one of the world’s largest fast-moving consumer products corporations, has gone above and beyond the call of duty to safeguard human health. Over the past 27 years in Vietnam, Unilever has built its brands as a force for good, demonstrating that a sustainable business approach delivers
Land fee reduction extension proposed for 2023
HCMC – The Ministry of Finance has proposed extending the 30% land use fee reduction for businesses, households and individuals this year to further facilitate the country’s economic recovery. In its draft decree on land use fee reduction, the ministry said economic woes caused by a tight monetary
