Vietnam cuts deal to export fresh longan to Japan
HCMC – After six long years of negotiations, Vietnam has clinched a deal to begin the formal export of fresh longan to Japan. On January 3, Hoang Phat Fruit Co., Ltd, located in Long An Province, shipped 10 tons of fresh longan to Japan. This was the first time Vietnam had sent fresh longan to […]
Major coconut processing factory opened in Ben Tre
HCMC – The Ben Tre Coconut Investment Joint Stock Company (Beinco) has launched a coconut processing factory with a total investment of VND480 billion in the Mekong Delta province of Ben Tre. The facility took five years to construct with two workshops and eight production lines, covering three
Vietnam-China border crossings in Guangxi as usual through Tet
HCMC – Vietnam-China border gates in Guangxi Province are fully opened through New Year’s Day and Lunar New Year holidays as China has eased its Covid-19 restrictions, according to the Ministry of Industry and Trade. The border office of the Guangxi Zhuang Autonomous Region announced that it would
Dak Nong starts work on VND1.7-trillion wind farm
HCMC – The Asia Dak Song 1 wind farm project got off the ground in Dak Song District in the Central Highlands province of Dak Nong on January 4, with a total investment of nearly VND1.7 trillion, making it the sixth in the province. The wind farm project is set to have a total designed […]
Danang proposes huge non-tariff zone
HCMC – Danang City has written to the Ministry of Planning and Investment proposing setting up a non-tariff zone, reported the local media. The 151-hectare non-tariff zone, which would be located at the end of Ba Na-Suoi Mo Street, will comprise four functional areas, commerce, logistics, medical
New FDI approvals in Binh Duong put at over US$3 billion
HCMC – The southern province of Binh Duong attracted US$3.13 billion in new foreign direct investments (FDI) in 2022, particularly in the processing and manufacturing industry, according to the provincial Planning and Investment Department. Binh Duong approved some 70 new projects worth a total of
Looking back on a special year
For Sun Life Vietnam, 2022 has been a significant year as it has achieved new benchmarks in profit, growth, and community engagement. In an interview with The Saigon Times, Mr. Luc Nhon Ly, Sun Life Vietnam’s CEO, shared the company’s business performance and expectations for the coming year.
Vietnam has huge trade deficit with South Korea
HCMC – Vietnam had a trade deficit of US$34.26 billion with South Korea last year, the highest trade deficit with a foreign trade partner in the year, according to the Vietnam News Agency. In 2022, Vietnam exported around US$26.72 billion worth of goods to South Korea and spent nearly US$61
HCMC to strictly cope with low-quality roadworks
HCMC – The HCMC Department of Transport said that it would get tough on sloppy roadworks in the city this year. Asphalt patches on multiple streets in HCMC make the road surfaces uneven after roadworks, damaging the urban beauty and putting road users in danger. To prevent the situation from
Occupancy on domestic flights reaches 90% before Tet
HCMC – Many domestic air routes have seen a surge in occupancy to over 90% right before the Lunar New Year 2023, so passengers need to quickly book air tickets to get reasonable prices. Statistics from the Civil Aviation Authority of Vietnam showed that domestic routes from the Tan Son Nhat
Thang Long Group to sell 24 million TIG shares
HCMC – Thang Long Investment Group JSC, which trades its shares on the Hanoi Stock Exchange under the code TIG, will sell 24 million TIG shares to mobilize VND240 billion. Four individual investors will buy these shares at VND10,000 per share, the local media reported. Of the proceeds from the
Fiscal incentives proposed for 2023
HCMC – The Ministry of Finance has proposed multiple fiscal policies in terms of taxes and fees to support businesses and households in 2023, according to a finance official. Speaking at a regular Government meeting on January 3, Deputy Minister of Finance Nguyen Duc Chi said that the suggested
Manufacturing business conditions continue to weaken in December
HCMC – The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) continued to slide further, signaling a further deterioration in conditions in the manufacturing sector. The S&P Global Vietnam manufacturing PMI registered 46.4 in December, one point lower than the previous
EVN’s proposed electricity price hike under consideration
HCMC – The Ministry of Industry and Trade has been gathering feedback on a proposal of Vietnam Electricity Group (EVN) for increasing electricity prices. A spike in electricity prices will be weighed carefully, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference on
Nestlé Vietnam and its journey to sustainable development
With nearly three decades of operation in Vietnam, Nestle Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business
Hoa Binh Group faces leadership struggle
HCMC – Having served as chairman of Hoa Binh Construction Group JSC for 35 years, Le Viet Hai decided in mid-December of 2022 to step down as from early this year but later rolled back his decision. On December 14, the firm announced that it had accepted Hai’s letter of resignation, and elected