SCG Sharing the Dream scholarship continues to support education and promote sustainable mindset for the young generation
SCG Sharing the Dream scholarship celebrates its 15th annual batch with the awarding ceremony in Hanoi on December 20th 2022. The scholarships not only financially support disadvantaged students but also facilitate their self-development towards a sustainable future, along with the ESG
KIDO to divest from Chuk Tea & Coffee
HCMC – KIDO Group, which trades its shares on the Hochiminh Stock Exchange under the code KDC, has approved a plan to divest from the Chuk Tea & Coffee chain, formerly known as Chuk Chuk. The reason for its move remains unknown, the local media reported. Under its decision, the food processor
Corruption, economic crimes surge in 2022
HCMC – Practices on the confiscation of proceeds of corruption and economic crimes this year surged over 2021, with HCMC accounting for over 91% of the country’s forfeiture of assets associated with criminal cases. The Ministry of Justice held a meeting yesterday, December 19, on the
HCMC metro train test-run set for tomorrow
HCMC – One of the trains for the Ben Thanh-Suoi Tien Metro Line, the first of its kind in HCMC, will undergo a trial run on elevated sections of the rail line in Thu Duc City tomorrow, December 21. The test run is set for 10:00 a.m. to 10:30 a.m., the local media reported. The […]
Year-end passenger traffic seen surging at Tan Son Nhat
HCMC – Passenger traffic is forecast to shoot up at the Tan Son Nhat International Airport in HCMC during New Year and Lunar New Year holidays. The airport is expected to receive 115,000 passengers during the New Year holiday and 130,000 during the Lunar New Year holiday, up 10% against the same
US$1.5-billion venture capital pledged to Vietnam
HCMC – Thirty-nine venture capital funds committed a combined US$1.5 billion to Vietnam in the 2023-2025 period during the Vietnam Venture Summit 2022 in Hanoi yesterday, December 19. The event was held by Vietnam’s Ministry of Planning and Investment and co-organized by the National Innovation
U.S. announces new contract for Bien Hoa airbase dioxin clean-up project
HCMC – The United States Agency for International Development (USAID) has announced a new contract worth some US$29 million to begin the next stage of the dioxin clean-up project at the Bien Hoa Air Base. USAID issued the four-year contract for civil works to Vietnamese firm VINA E&C
Agri Index introduces rice exchange project
CANTHO – Agri Index has introduced a project to set up an exchange for rice and rice by-products made through a circular economy model. The project is intended to connect those entities focusing on circularity in rice production in Dong Thap and other Mekong Delta provinces. When in place, the
Vietnam’s forest product exports hit record this year
HCMC – The export value of Vietnamese forest products is estimated to reach US$16.5 billion in 2022, up 4% over the same period last year, resulting in a trade surplus of around US$13 billion, according to the Ministry of Agriculture and Rural Development. Despite woes being caused by the
Trade remedy cases against Vietnam’s exports rise rapidly
HCMC – Vietnam had recorded 224 cases subject to the trade remedies of other countries in the year to October, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. For the trade remedy cases, 26 were reported from 2005 to 2010 and 52 in 2011-2015, while
Contractors chosen for North-South Expy’s two bidding packages
HCMC – Project Management Unit No. 7 under the Ministry of Transport has chosen two consortiums of contractors for the bidding packages of the Chi Thanh-Van Phong and Van Phong-Nha Trang sections of the second-phase North-South Expressway. The VND4.4-trillion package of the Chi Thanh-Van Phong
Tra fish exports hit all-time high
HCMC – The tra fish export revenue this year is expected to set a new record of US$2.4 billion, soaring by 70% over 2021, according to the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development. The tra fish farming area in Vietnam is about 5,500 hectares with
Damsan to increase stake in energy subsidiary
HCMC – Damsan Joint Stock Company, whose ADS shares are traded on the Hochiminh Stock Exchange, plans to pump an additional VND86.4 billion into its energy business arm, called AD Green Corporation, in the first quarter of 2023. The board of Damsan has passed a resolution on the capital
Large room for exports to UK remains
HCMC – Made-in-Vietnam products, including Vietnam’s agro-aqua products, have become more popular in the UK market during the last two years, backed by the efforts of Vietnamese exporters and the United Kingdom Vietnam Free Trade Agreement (UKVFTA) with official validity as of May 1, 2021. Under
VND35-trillion bidding package in Long Thanh airport project cancelled
HCMC – The Airports Corporation of Vietnam (ACV) has decided to cancel a VND35.2-trillion bidding package under the Long Thanh International Airport project, citing ineligible bidding documents. Contract package 5.10 involves design, construction and equipment installation in the passenger
Can Tho City, Indonesia to enhance investment, trade
CANTHO – The Indonesian Consulate General to HCMC and the Can Tho Promotion Agency (CPA) co-held a seminar on business opportunities and trade connection with Indonesian partners on December 17 as part of the Indonesian festivals in the Mekong Delta city of Can Tho from December 17 to 18.