Vietnam’s wood exporters to EU seen facing challenges
HCMC – Vietnam’s wood exporting firms will encounter challenges in shipping their products to the European Union (EU) market when the EU’s new regulations banning the import of agro-products linked to deforestation are approved in the coming time. The new regulations will require exporters of
Pedestrian-only streets set up around Ho Con Rua
HCMC – The streets around Ho Con Rua roundabout in in District 3, HCMC have become a pedestrian area on the weekend. The pedestrian streets are open from 18:00 to 22:00 on Saturdays and Sundays, starting January 8. The streets are aimed at developing the area into a public cultural space, meeting
Boosting Vietnam’s economic prospects through digitalization
HCMC – Vietnam has been one of the top performing economies in the Asia-Pacific region in recent years, growing at around 8% in 2022. The country’s prudent economic policies have resulted in a prolonged period of high growth, price stability, and low public debt ratios. Having undertaken
Foreign investors return to Vietnamese stocks
HCMC – Though Vietnam’s benchmark VN-Index was down over 33% in 2022, foreign investors have recently injected capital into the market, reversing a three-year stock-selling streak. During the first trading week of 2023, foreign investors pumped over VND1,720 billion into Vietnamese shares despite
Toll collection on National Highway 51 set to stop this Friday
HCMC – The Department for Roads of Vietnam has informed the Ministry of Transport of its decision to suspend toll collection on National Highway 51 which links Dong Nai and Ba Ria-Vung Tau provinces, reported the local media. Toll collection on the busy highway was earlier planned to be stopped on
PM suggests issuing e-visas for foreign tourists
HCMC – Prime Minister Pham Minh Chinh has urged the Ministry of Public Security to improve visa policy to boost tourism, including issuing electronic visas for foreign tourists at Vietnam’s border gates. He directed the authorities to make it easier for foreigners to visit Vietnam by contemplating
EVN Finance gets nod to double charter capital
HCMC – The State Bank of Vietnam has approved EVN Finance Joint Stock Company’s plan to raise its charter capital by a maximum of nearly VND3.55 trillion through a stock rights offering and an employee stock ownership plan (ESOP). Of the amount, more than VND3.51 trillion, equivalent to over 351
Shorter fuel price adjustment cycle proposed
HCMC – The Ministry of Industry and Trade (MOIT) has proposed shortening the fuel price adjustment cycle to seven days from the current 10. Fuel prices would be revised every Thursday, except for the first three days of Lunar New Year, the ministry said in its draft decree amending and
Air tickets nearly sold out ahead of Tet
HCMC – Air tickets on many domestic flight routes have nearly been sold out before the Lunar New Year holiday, Tet, with seat occupancy reaching 90-100%, as travel demand picks up, according to the Civil Aviation Authority of Vietnam. Flights from HCMC to other regions, such as Danang, Haiphong,
Work starts on VND1.3-trillion bridge in Quang Binh
HCMC – Work on Nhat Le 3 Bridge and two roads leading to the bridge began yesterday, January 8, in the central province of Quang Binh, with a total investment of VND1.3 trillion. Nhat Le 3 bridge will span over the Nhat Le River. The east side of the bridge will link with Vo Nguyen […]
US$9-billion HCMC-Can Tho Railway project under preparation
HCMC – The Ministry of Transport has assigned the Vietnam Railway Project Management Board to make preparations for the HCMC-Can Tho Railway project with an estimated cost of US$9 billion. The railway, starting at An Binh station in Binh Duong Province to Can Tho station and passing through six
Pork prices in HCMC cut ahead of Tet
HCMC – Supermarkets in HCMC are offering pork products at prices 10% to 30% lower than normal until the end of January as the Tet shopping spree has begun. Supermarket chains such as MM Mega Market, Lotte and Co.opmart have seen a surge in shoppers, with pork, seafood, vegetables, and dry food
CAAV proposes local carriers add planes to meet demand
HCMC – The Civil Aviation Authority of Vietnam (CAAV) has proposed local airlines increase the number of their aircraft to the pre-pandemic level of 234 to meet the rising travel demand. Under the proposal sent to the Ministry of Transport, CAAV said that the increase in planes is necessary to
Forty-five businesses honored at third HCMC Brand Award
HCMC – The HCMC Department of Industry and Trade and the Saigon Times Group co-organized the third HCMC Brand Award ceremony yesterday, January 6, to honor 45 businesses in the city for their efforts and success in brand building. The 45 winners are leading and prestigious enterprises in their
Higher electricity production and import expected this year
HCMC – Electricity output and import this year are estimated at 284.5 billion kilowatt hours (kWh), up around 5.5% over last year, according to the latest power supply plan approved by the Ministry of Industry and Trade. The figure is 16 billion kWh higher than in 2022 and 29 billion kWh higher
Personal savings increase over 9%
HCMC – Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data from the SBV, the country’s central bank, showed that capital raised by commercial banks in the city expanded an estimated 6%, with personal savings rising 9.2%