Nearly 1,000 domestic flights a day planned for Lunar New Year
HCMC – Vietnamese air carriers expect to operate 950-990 domestic flights per day before and during the Lunar New Year holiday to meeting the strong spike in air travels, according to the Civil Aviation Authority of Vietnam (CAAV). The number of daily domestic flights will increase by 250-290,
VITAS works out growth scenarios for textile industry in 2023
HCMC – The Vietnam Textile and Apparel Association (VITAS) has forecast two scenarios for Vietnam’s textile and apparel next year. VITAS said that exports of key industries, including textiles, would plunge in early 2023 due to runaway inflation and expectations of global recession, resulting in a
Vietnam, South Korea to step up tourism cooperation
HCMC – Vietnamese and South Korean tourism authorities inked a memorandum of understanding (MOU) strengthening bilateral cooperation in tourism yesterday, December 16, according to the Ministry of Culture, Sports and Tourism. The two sides want to deepen their ties in promoting digital
More bus trips for New Year holiday
HCMC – The HCMC Management Center of Public Transport plans to add commuter bus trips on certain routes to meet the rising demand during the New Year holiday. The additional bus trips will be operational from December 31, 2022 until January 2, 2023. Some 46 more trips will be scheduled a day. The
Rice exports to Northern Europe rise sharply
HCMC – Vietnamese rice exports to the North European market surged 73% between 2017 and 2021 annually, backed by the European Union-Vietnam Free Trade Agreement (EVFTA). In 2021, Northern European countries purchased around 5,646 tons of Vietnamese rice worth US$5.51 million, according to the
MGi PropTech, NVC Vietnam enter partnership for property brokerage project
HCMC – MGi PropTech on December 15 inked a strategic cooperation partnership with Fintech company Next Vision Capital Vietnam (NVC), an affiliated company of the Singapore-based NVC Group. On the same day, it announced its new project, RealXinvest, aimed at cutting down the sales cycle length to
Tax department launches portal connected with e-commerce platforms
HCMC – The General Department of Taxation has launched an e-Portal connected with domestic e-commerce platforms, which will receive data of business organizations and individuals via e-commerce platforms. Launching an e-commerce information portal aims to ease bureaucratic tax procedures and save
Highway 51 toll collection yet to be discontinued
HCMC – Due to prolonged negotiations over financial matters, toll collection on National Highway 51 will not be suspended from December 17 as earlier proposed by the Department for Roads of Vietnam. After 17 rounds of negotiations, the department and the project’s investor, Bien Hoa – Vung Tau
Banks agree to slash lending rates
HCMC – Sixteen banks are offering an annual interest rate discount of 0.5-3 percentage points for clients from December 2022 to the end of January in 2023, the Vietnam Bankers’ Association said. The total interest rate reduction amounts to VND3.5 trillion. Yesterday morning, December 15, the
Vietravel Airlines operates first int’l flight
HCMC – Local carrier Vietravel Airlines began international operations on December 16 by inaugurating daily round-trip flights between Hanoi and Bangkok, Thailand. The flight is scheduled to take off at 11:55 a.m. from Hanoi using narrow-body Airbus A321 aircraft. It is Vietravel’s first foreign
Bamboo Capital chairman acquires five million BCG shares
HCMC – Nguyen Ho Nam, chairman of Bamboo Capital Group JSC, whose shares are traded on the Hochiminh Stock Exchange under the code BCG, has purchased five million BCG shares. The share purchase was conducted from December 2 to 14, raising his ownership in BCG to 15.63%, or some 83.4 million
Pre-tax profit of 18 SOEs above expectations
HCMC – Over VND39.2 trillion in pre-tax profit was earned by 18 of the 19 enterprises under the Commission for the Management of State Capital at Enterprises, representing 117% of the figure last year and exceeding 73% of the year’s plan. The total revenue of 19 enterprises and corporations is
Double compensation likely for aging apartments in Hanoi
HCMC – The Hanoi City People’s Committee has introduced the draft regulations on renovation of aging apartments to the public for feedback, with compensation possibly double. According to information from the portal of the Hanoi City’s People’s Committee, for the aging apartment buildings
Full-year budget revenue 24% higher than targeted
HCMC – Budget revenue is estimated to exceed the full-year target by 24.3%, topping VND1,460 trillion, the General Department of Taxation reported during an online conference held yesterday, December 15. Compared to the revenue recorded in 2021, the figure this year improved by 8.5%. Of the
International partners pledge to back Vietnam to achieve Net Zero 2050 goal
HCMC – Vietnam and the International Partners Group (IPG) have agreed a bold Just Energy Transition Partnership (JETP) which will mobilize an initial US$15.5 billion of public and private finance over the next three to five years to support Vietnam to achieve its ambitious Net Zero 2050 goal, said
HCMC seeks to develop waterway tourism along with passenger transport
HCMC – HCMC has the potential to develop passenger transport in combination with waterway tourism, so it is seeking to build appropriate products to exploit this advantage. The city now has 101 waterway routes with a total length of 913 kilometers, which is convenient for developing waterway