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
Vinaconex to sell majority stake in electromechanical subsidiary
HCMC – Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) plans to sell over 90% of its shares in its wholly-owned subsidiary Vinaconex Electromechanical JSC (Vinaconex M&E). Vinaconex, whose VCG shares are traded on the Hochiminh Stock Exchange, on January 11 announced
CIEM: 2023 GDP growth may beat target
HCMC – Experts at the Central Institute for Economic Management (CIEM) have forecast that Vietnam’s 2023 gross domestic product (GDP) growth may exceed the National Assembly-approved target of 6.5%. It was one of the two scenarios envisioned by CIEM and the German Agency for International
HoREA proposes eliminating social housing land requirement
HCMC – Owning a home will continue to be a distant dream for many people if the regulation that requires property developers to set aside 20% of their project land for social housing development is in place, said the HCMC Real Estate Association (HoREA). The association proposed amending the law
HCMC, provinces approve investment roadmap for Beltway 4
HCMC – HCMC and four neighboring provinces have approved an investment roadmap for Beltway No. 4, scheduled to be commenced in 2024 and completed in 2028. The 200-kilometer beltway will pass through HCMC and four neighboring provinces — Long An, Binh Duong, Dong Nai and Ba Ria-Vung Tau. HCMC met
Global semiconductor makers seen coming to Vietnam
HCMC – Many leading U.S. semiconductor manufacturers will come to Vietnam in the coming years, John Neuffer, CEO of the Semiconductor Industry Association (SIA), told a meeting with Deputy Prime Minister Le Minh Khai on January 12. Semiconductors are a must-have component of electronics goods
Vietnam’s exports to U.S. exceed US$100 billion
HCMC – Revenue from Vietnam’s exports to the U.S. surpassed the US$100-billion mark last year, making America the largest export market of the Southeast Asian country. It was the first time that Vietnam had exported more than US$100 billion worth of goods to a foreign market, according to the
Transport ministry proposes re-opening suspended auto testing centers
HCMC – The Ministry of Transport has proposed re-opening some of the auto registration and inspection centers which have been suspended due to bribery allegations. Their resumption would help cope with long lines of vehicles waiting for safety testing at operational centers ahead of the Lunar New