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
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
