Binh Phuoc scraps 6,317-hectare Dong Phu project
HCMC – The government of Binh Phuoc Province decided yesterday, January 3, to scrap the Dong Phu Industrial and Residential Park project with an area of 6,317 hectares, according to the local media. The local authority requested relevant departments and agencies to stop their project planning and
US$1.35 billion spent on meat imports
HCMC – Vietnam spent around US$1.35 billion importing 615,000 tons of meat and meat products in January-November of 2022, up 4.8% in value year-on-year, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. There were 55 meat suppliers for Vietnam, with the U.S.,
Logistics digitization remains sluggish in HCMC
HCMC – The digitization level in the operations of HCMC-based logistics firms, which account for half of the country, has yet to meet expectations, according to data from the Vietnam Logistics Business Association. Only 10.2% of logistics firms in the city use the barcode application, while it was
Swire Coca-Cola takes over Coca-Cola Vietnam
HCMC – Swire Coca-Cola Limited, a wholly-owned subsidiary of Swire Pacific Limited, has announced the completion of its acquisition of Coca-Cola Beverages Vietnam Limited. The transaction marks another major investment of Swire Coca-Cola in Southeast Asia following the acquisition of the Cambodia
Thap Cham-Dalat railway restoration project proposed
HCMC – An investor has submitted to the Ministry of Transport a proposal for restoring the Thap Cham-Dalat cog rail at a total cost of VND24,920 billion. The 83.5-kilometer railway project is to be executed under the build-operate-transfer contract, connecting Phan Rang City in the coastal
HCMC extends hotline service to serve tourists
HCMC – The HCMC departments of tourism and information-communications have jointly launched one more extension of the 1022 hotline to support international and domestic visitors to the city, as part of efforts to facilitate the post-pandemic recovery of the tourism sector. Tourists can now dial
Optimistic prospect for veggie, fruit export as China eases Covid rules
HCMC – China’s relaxation of Covid rules is expected to spur Vietnam’s vegetable and fruit exports and help the sector earn US$4 billion in 2023. Agro products exported to China via phytosanitary protocols are forecast to grow rapidly this year thanks to the reopening of the biggest market for
PVTrans Pacific gets nod to debut shares on HOSE
HCMC – The HCMC Stock Exchange (HOSE) has issued a decision allowing Pacific Petroleum Transportation JSC (PVTrans Pacific) to trade its shares on bourse. The firm will launch some 94.3 million PVP shares on HOSE at VND10,000 each, the local media reported. PVTrans Pacific is trading its shares on
Fuel prices rise further
HCMC – Gasoline prices in Vietnam continued rising by VND350 per liter from 3 p.m. today, January 3, while other fuels edged up VND110-160 per liter or kg. The ministries of Industry-Trade and Finance revised up the retail price of gasoline nationwide today, having raised the fuel prices by over
Greenhouse gas inventory required for enterprises before end-March
HCMC – Businesses in certain sectors need to provide data for greenhouse gas inventory for relevant ministries before March 31, 2022, in compliance with Decision 01/2022 of the prime minister. According to the Department of Climate Change under the Ministry of Natural Resources and Environment,
Nearly 4,000 tons of cargo cleared through Mong Cai Border Gate
HCMC – Cargo throughput at the Mong Cai International Border Gate reached 4,000 tons in the first two days of 2023, mainly export goods, according to the border gate authority in the northern province of Quang Ninh. The functional units have completed customer clearance procedures for 560 vehicles
Hanoi looks to become innovative city
HCMC – The Hanoi government has set a target to develop Hanoi into a smart, modern, clean, green and safe city and an innovative center, moving toward becoming one of Southeast Asia’s science and technology hubs. The city identifies the development of science and technology and innovation as a
Ninh Binh welcomes over 100,000 tourists during New Year holiday
HCMC – Ninh Binh Province attracted more than 106,300 visitors, including some 12,000 international travelers, during the three-day New Year holiday, according to the provincial Department of Tourism. Pham Duy Phong, deputy director of the Tourism Department, said tourist arrivals to the northern
Politburo wants HCMC’s GRDP per capita to reach US$14,500 by 2030
HCMC – Party General Secretary Nguyen Phu Trong has signed Resolution 31-NQ/TW targeting HCMC’s annual growth of 8-8.5% and gross regional domestic product (GRDP) per capita of US$14,500, the Vietnam News Agency reported. The resolution sets an orientation for HCMC’s development by 2030, with a
Bac Giang gets two FDI projects worth US$760 million
HCMC – The northern province of Bac Giang yesterday, January 2, got two projects from Singapore and China totaling more than US$760 million. The People’s Committee of Bac Giang Province issued an investment certificate for the Fulian precision technology plant project of the Singaporean firm
Transport Ministry approves VND8-trillion bridge project in Mekong Delta
HCMC – The Ministry of Transport has given the nod to the Dai Ngai bridge project linking Tra Vinh and Soc Trang provinces in the Mekong Delta region at a total cost of VND8 trillion. The bridge project will start at an intersection with National Highway 54 in Tra Vinh Province’s Tieu Can District