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
Lam Dong seeks VND2.5 trillion for expressway
HCMC – Lam Dong Province has asked the prime minister and some relevant ministries for VND2.5 trillion to develop the Bao Loc-Lien Khuong expressway under the public-private partnership format. The 74-kilometer-long expressway will have four lanes and allow a maximum speed of 100 kilometers per
Four HCMC auto testing centers resume operations today
HCMC – Four vehicle inspection and registration centers in HCMC, which are among those being forced to shut down while under a police investigation, have been cleared to reopen today, January 16, to meet the demand of auto owners ahead of the Lunar New Year holiday, or Tet. The four facilities are
Chinese automaker to build US$250-million factory in Vietnam
HCMC – BYD Auto, an automotive firm based in the Chinese province of Guangdong, intends to construct a plant in Vietnam to produce parts for electric vehicles. The business is in discussion with local partners on the project’s location. The plan will kick off in the middle of 2023 with a total
CIP seeks to develop 10-GW offshore wind power project in Vietnam
HCMC – Copenhagen Infrastructure Partners (CIP) Corporation, a Danish-based investment firm, plans to develop over 10 GW of offshore wind power in Vietnam’s northern and southern regions. Stuart Livesey, senior director and head of CIP Vietnam, stated the firm would utilize the experience gained
Taiwan’s airline Starlux launches service to Hanoi
HCMC – The maiden flight of Starlux Airlines from the Taoyuan International Airport in Taipei to the Noi Bai International Airport landed yesterday, January 13, making it one of the first five airlines to open international services to Hanoi after more than two years of the pandemic. According to
Vietnam gets foreign financial backing for decarbonization effort
HCMC – Three financial institutions in Japan, the United States and Australia have announced that they will support Vietnam’s decarbonization effort. The institutions, backed by the governments of the countries mentioned above, would help Vietnam transition into liquefied natural gas plants and
PM wants 3,000 kms of expressway completed by 2025
HCMC – Prime Minister Pham Minh Chinh has told the Ministry of Transport to complete the construction of 3,000 kilometers of expressway by 2025. According to PM Chinh, the funding plan will focus on traffic infrastructure, particularly with expressway development projects. Constructing expressways
Tan Son Nhat’s temporary taxi stand ready from January 15
HCMC – The Tan Son Nhat International Airport plans to put the 3,500-square-meter temporary taxi stand into operation from January 15 to February 6 to serve the huge demand of taxis waiting their turn to enter the domestic and international terminals during the Lunar New Year holiday (Tet). The
Vietnam-Kazakhstan freight trains resume operations
HCMC – The rail line linking stations in Vietnam and Kazakhstan via mainland China has been reopened thanks to China’s easing of Covid-19 restrictions. The relaxation of China’s zero-Covid policy has made it easier for freight trains from Vietnam transiting via China to third-country destinations
