CAAV approves more flights for Tet
HCMC – The Civil Aviation Authority of Vietnam (CAAV) has approved an additional 28 flights each day, equivalent to 5,600 seats per day, to meet the huge air travel demand in the run up to the Lunar New Year (Tet) holiday which starts on January 22. There will be two flights per hour from 7 […]
Vietnam’s 2022 foreign trade expands 9.1% y-o-y
HCMC – Vietnam’s foreign trade in goods topped US$730 billion, up 9.1% year-on-year, with a trade surplus of US$12.4 billion, according to preliminary data released by the General Department of Vietnam Customs. Imports rose 7.8% over 2021 to US$358.9 billion while exports soared 10.5% over the
Foreign investments in Binh Duong rise sharply
HCMC – Foreign investment approvals in the southern province of Binh Duong have grown strongly between 2016 to 2022, with US$39.7 billion pledged for around 4,085 projects. On average, around US$9.7 million was committed to a foreign-invested project. Last year the province saw a surge of
Ben Tre launches smart agriculture project
HCMC – The People’s Committee of Ben Tre Province in the Mekong Delta, in collaboration with the International Fund for Agricultural Development (IFAD), kicked off a program on smart agricultural transformation worth US$27 million today, January 11. According to the Vietnam News Agency, the
Auto inspection slots can be booked online
HCMC – The HCMC Department of Transport has launched a website where vehicle owners in HCMC and seven neighboring provinces can book an auto inspection slot online. The website, aiming to save time and reduce congestion at overcrowded auto inspection centers, enables organizations, enterprises and
Vietjet to launch HCMC-Melbourne service in late March
HCMC – Local budget carrier Vietjet Air has announced a plan to launch a new air service connecting HCMC with the Australian city of Melbourne starting from March 31, with three weekly flights. The carrier is expected to increase the number of its flights on the route to seven from December 2024,
VNG Corporation has new chair
HCMC – VNG Corporation has announced Vo Sy Nhan is its new board chairman, with effect from January 1 this year, replacing Le Hong Minh who was earlier removed from the post. Vo Sy Nhan is among four independent board members being appointed at VNG’s 2022 extraordinary general meeting. Nhan serves
Diesel down, gasoline unchanged
HCMC – The retail price of gasoline was kept unchanged while diesel oil and kerosene were revised down, according to an announcement jointly released by the ministries of Industry-Trade and Finance today, January 11. This is the third price adjustment since the start of 2023. Bio-fuel E5 RON92
HCMC eyes 40 million domestic and int’l visitors in 2023
HCMC – The HCMC Department of Tourism has met with tourism companies seeking to attract 40 million local and foreign tourists to the city this year, and obtain total revenue of VND160,000 billion from tourism. The above target was announced at a tourism conference held by the HCMC Department of
New elevated beltway opened to traffic in Hanoi
HCMC – The Beltway No.2 section from the Nga Tu So interchange to the Vinh Tuy Bridge was officially opened to traffic today, January 11, after four years of construction, according to the local media. As one of the key projects of the city in the 2016-2021 period, the elevated beltway runs
Tough screening procedures hinder soft-loan rollout
HCMC – Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage points, the Ministry of Finance said. According to commercial banks, the package amounted to VND850,000 billion in 2022, targeting 750,000
Fuel traders in HCMC to be inspected in June
HCMC – The market surveillance authority in HCMC will inspect 91 gas stations operated by more than 50 fuel trading firms citywide in June this year, according to the Market Surveillance Department of HCMC. Market surveillance teams will look into these businesses’ compliance with laws and
Vietnam’s auto imports hit all-time high
HCMC – Vietnam imported over 173,460 completely-built-up (CBU) cars worth US$3.84 billion last year, the highest annual figures ever, despite global supply chain disruptions and shortages of auto parts, especially chips. The country’s 2022 auto imports rose by 8.5% in volume and 5.1% in value
Saigon Railway offers discounts of up to 30% for early birds
HCMC – Saigon Railway Transport JSC has rolled out a promotional program which offers discounts of up to 30% for passengers booking tickets early for the period between February 13 and April 26. The program offers a 5% discount for individuals who buy tickets five to nine days ahead of departure
Danang wants more foreign investment
HCMC – Danang City is calling for investment into many of its key projects, with new foreign investments projected at around US$7 billion between now and 2030. Among the central coastal city’s key projects are a financial, commercial and entertainment complex, an international trade and sports
PVN’s pre-tax profit at 61-year high
HCMC – The Vietnam Oil and Gas Group (PVN) recorded total revenue of VND931.2 trillion and pre-tax profit of over VND82.2 trillion (around US$3.5 billion), the highest in 61 years of the Vietnamese oil and gas industry’s history. PVN achieved growth rates of 3-26% in different fields and set some
