Hue starts work on VND2.3-trillion bridge over Huong River
HCMC – The Thua Thien-Hue Province People’s Committee held a groundbreaking ceremony on December 23 for the Nguyen Hoang Bridge project, the eighth and largest bridge over the Huong River, according to the local media. Nguyen Hoang Bridge is part of the overpass project spanning the Huong River
Samsung inaugurates largest Southeast Asia R&D center in Vietnam
HCMC – Samsung Electronics held an official opening ceremony for its largest Southeast Asia research and development center in Hanoi this morning, December 23, reported the local media. This new R&D Center in Hanoi spans around 11,603 square meters of land, requiring an investment of US$220
Central bank restricts interest rate hikes
HCMC – The central bank’s governor has urged commercial banks to step up efforts to slash interest rates to ensure adequate credit for businesses, saying it would monitor and may impose sanctions on banks hiking rates. Yesterday, November 22, the State Bank of Vietnam (SBV), the country’s central
Vietjet resumes direct flights from Dalat, Can Tho to South Korea
HCMC – Vietjet Air, Vietnam’s low-cost carrier, has resumed two direct flight routes from the cities of Dalat and Can Tho to Seoul, the capital of South Korea, since December 22, just in time for the Christmas holiday. With the resumption of these two routes, Vietjet is currently operating 12
Legislation for trading carbon credits needed
HCMC – Vietnam has introduced a roadmap for the development of the domestic carbon market by 2027, preparing for a Net Zero future as part of the country’s commitments to climate change at the UN Climate Change Conference in Glasgow (COP26). From now until 2027, the Ministry of Environment and
Vietnam remains world’s biggest pepper exporter
HCMC – Despite pepper export volume tumbling due to China’s zero-Covid policy, global inflation and economic uncertainties in many countries, Vietnam has remained the world’s biggest pepper exporter this year. Data from the Vietnam Pepper Association (VPA) showed that the country had shipped over
Vietnam, Germany step up logistics cooperation
HCMC – Vietnamese and German officials and businesses signed a memorandum of understanding (MOU) on logistics cooperation yesterday, December 21, focusing on air freight transportation. The parties included the authorities of Leipzig City, Invest Region Leipzig, VietjetAir Cargo Joint Stock
HCMC sees IIP rebounding strongly in 2022
HCMC – The index of industrial production (IIP) of HCMC in 2022 is estimated to expand 17.3% over 2021, indicating the city’s economic recovery is on track. The IPP of four key industries has grown nearly 20%, 2.6 percentage points higher than the overall growth of the industrial production
PNJ makes hefty profit in Jan-Nov
HCMC – Phu Nhuan Jewelry JSC, whose PNJ shares are listed on the Hochiminh Stock Exchange, posted over VND31 trillion in net revenue and VND1.64 trillion in after-tax profit between January and November, surging by 85.4% and 96% year-on-year, respectively. The jewelry firm’s 11-month revenue and
New rules simplify import procedure for used high-tech lines
HCMC – Hi-tech firms, projects applying high technology and projects entitled to special investment incentives pursuant to the Investment Law are subject to a simplified procedure for importing used technological lines. The above entitlement is provided in Decision 28 of the Prime Minister, which
Honda Vietnam debuts Honda VARIO 160 model
HCMC – Honda Vietnam Co. Ltd. has launched the Honda VARIO 160 scooter model produced and distributed by the firm at the HEAD system. VARIO 160 features sport, special, premium and standard versions. Honda Vietnam expects the launch of the new model to offer different purchasing and service
Import-export value predicted to grow next year
HCMC – Imports and exports are expected to become a bright spot and an economic driver despite anticipated challenges and hardships next year. Economists expected the global market to regain momentum in 2023 after a year of tight spending. That, coupled with an impressive import-export turnover of
Vietnam ranks low in total workforce index ranking in 2022
HCMC – Vietnam is in 47th place among 60 labor markets worldwide in terms of the workforce index while ranking lowest among 11 nations in the Asia-Pacific region, according to ManpowerGroup’s total workforce index 2022 global analysis. The Top 10 global labor markets in 2022 comprise the United
Veggie, fruit exports expected to maintain high growth next year
HCMC – Vietnam’s vegetable and fruit exports have achieved steady growth in the fourth quarter of this year and are expected to reach US$4 billion next year, according to the Vietnam Fruit and Vegetable Association (VINAFRUIT). Data from the General Department of Vietnam Customs showed vegetable
Work on three key infrastructure projects to start in HCMC by year-end
HCMC – HCMC will break ground on three key traffic infrastructure projects by the end of this year to ease traffic congestion in the city, according to the HCMC Management Board of Investment and Construction of Traffic Projects. These three projects comprise a road linking Tran Quoc Hoan Street
HCMC to break ground on Tan Son Nhat terminal T3 this weekend
HCMC – The passenger terminal T3 project at the Tan Son Nhat International Airport in HCMC will get off the ground on December 25. The city has almost completed site clearance and compensation work and handed over some 14.7 hectares of cleared land to the Airports Corporation of Vietnam (ACV), the