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
Sleeper bus tickets sold out ahead of Tet
HCMC – Sleeper bus tickets on the routes from HCMC to central provinces have been sold out as the travel demand surges in the run up to the Lunar New Year (Tet) holiday. Many transport businesses reported that their sleeper buses had been fully occupied for trips from January 17 to 19 (or from the
UNDP pledges to support Vietnam in green energy transition
HCMC – The United Nations Development Program (UNDP) is ready to support the Vietnamese Government in formulating and implementing the Just Energy Transition Partnership (JETP) resource mobilization plan in 2023. UNDP Resident Representative in Vietnam Ramla Al Khalidi told the Vietnam News Agency
Vietnamese air carriers to resume flights to China
HCMC – The Civil Aviation Authority of Vietnam (CAAV) is working with the Chinese authorities over the easing of China’s restrictions on slots for the 2023 summer flight schedules. China lifted restrictions on regular international flights and eased immigration policy on January 8. But it is tough
PVTrans Pacific shares to make debut on HOSE next week
HCMC – Pacific Petroleum Transportation JSC, or PVTrans Pacific, will launch its PVP shares on the Hochiminh Stock Exchange (HOSE) on January 17, according to a HOSE announcement. With its charter capital of over VND940 billion, PVTrans Pacific will have more than 94 million PVP shares listed. The
Stavian Group joins hands with FPT to boost digitalization
HCMC – Stavian Group and FPT Corporation have signed a comprehensive cooperation agreement to apply digital solutions to business operations to improve efficiency and competitiveness in the international market. The partnership with FPT will help Stavian smoothly operate its business ecosystem in
Fuel prices expected to inch down tomorrow
HCMC – Gasoline prices are expected to drop VND100 per liter from tomorrow, January 11, a HCMC fuel supplier said. An executive of a petrol company based in Hanoi also made the same prediction, with gasoline prices remaining stable and diesel oil possibly edging down to below VND21,000 per liter.
Quang Ninh targets 14 million tourists in 2023
HCMC – The northern province of Quang Ninh looks to serve 14 million tourists, including two million foreigners, and earn some VND27 trillion from tourism in 2023. Quang Ninh’s Mong Cai City alone has set a goal to welcome around 1.5 million tourists, up 50% over the figure in 2022, according to