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
Experts warn of real estate risk in 2023
HCMC – Experts of the Central Institute for Economic Management (CIEM) have forecast that the gloomy global economic picture will continue to affect the Vietnamese economy next year, especially the real estate market. Inflation, high interest rates, volatile foreign exchange rates, restrictions on
Gov’t issues resolution on logistics development
THUA THIEN-HUE – Deputy Prime Minister Le Minh Khai has signed a resolution on key measures to enhance logistics services in Vietnam. According to the resolution, the industry has posted positive results amid difficulties, elevating the role of logistics in the economy. Data showed Vietnam’s
Incentives proposed for transport firms
HCMC – Incentives have been proposed for transportation companies, most of which have yet to recover from the protracted impact of the Covid-19 pandemic. The Vietnam Automobile Transportation Association has written to the prime minister proposing measures to ease the difficulties faced by
VIX set to acquire 15 million GEX shares
HCMC – VIX Securities JSC has registered to buy 15 million shares of Gelex Group JSC, which trades its GEX shares on the Hochiminh Stock Exchange, to raise its ownership in the latter to 3.52%. The securities firm, whose shares are traded on the HCMC bourse under the code VIX, will spend over
Fuel prices fall slightly
HCMC – Domestic fuel retail prices were adjusted down by VND70-500 per liter or kilogram today, December 21, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON 95-III gasoline now sells for VND20,700 per liter, down by VND500 and the price of E5 RON
Vietnam imports over 163,000 CBU cars this year
HCMC – Vietnam had spent US$3.62 billion importing 163,333 completely-built-up (CBU) cars in the year to December 15, surpassing 2021’s full-year figure of nearly 160,000 units, according to statistics released by the General Department of Vietnam Customs. Last month, the number of CBU cars
Hoa Phat to ship first batch of long steel to Europe
HCMC – Steelmaker Hoa Phat Group has cut a deal to export 10,000 tons of steel wire rods to Europe, marking the firm’s first shipment of long steel products to the market. The shipment is scheduled for February next year, the local media reported. A representative of Hoa Phat Hung Yen Steel
HCMC approves bidding plan for Can Gio bridge project
HCMC – The HCMC Transport Department has approved the bidding plan and cost estimate for the Can Gio bridge project. As part of the plan, the cable-stayed bridge will be developed under the build-operate-transfer format. According to the department, the project will need nearly VND10 billion, of
