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
Tracodi to divest from affiliate
HCMC – Transport and Industry Development Investment JSC, or Tracodi, which trades its TCD shares on the Hochiminh Stock Exchange, has unveiled a plan to divest its entire 49% stake in Bang Duong E&C JSC, one of its five affiliates, one year after having poured capital into the latter. The
ACC raises possible issues with Long Thanh airport project
HCMC – Vietnam’s Association of Construction Contractors (ACC) has written to the Government proposing revising the deployment plan of the Long Thanh International Airport due to concerns over its completion schedule and many other issues concerning package 5.10 – construction of the terminal and
Nghi Son oil refinery back to normal as technical issues settled
HCMC – The Nghi Son oil refinery in the north-central province of Thanh Hoa addressed its technical issues a day earlier than expected and resumed operations at full capacity from yesterday afternoon, January 15. The oil refinery ramped up efforts to fix the leakage of its residual fluid catalytic
Five real estate exchanges suspend operation in one month
HCMC – Five real estate exchanges were shut in late 2022, the Housing and Real Estate Market Development Division with the HCMC Construction Department reported. The city has 61 real estate exchanges, having been established since 2017, five of which closed in December 2022. These included the
Steel prices soar close to Lunar New Year holiday
HCMC – Domestic steel prices have picked up after a long time of staying high, reported the local media. Each ton of steel now exceeds VND15 million, up VND200,000 compared to a week ago, but down over VND3 million against its peak in May 2021. The Hoa Phat steelmaker announced its second price
Danang breaks ground on first beach overpass
HCMC – Danang City joined hands with the Mikazuki Hotel Group to break ground on the Mikazuki overpass in the Xuan Thieu Tourist Area, Lien Chieu District, on January 15. This is the first beach overpass on the coastal 13-kilometer Nguyen Tat Thanh Street and the first beach footbridge in Danang