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
PM seeks removal of yellow card on Vietnam’s fishery
HCMC – Prime Minister Pham Minh Chinh has asked the European Union (EU) to remove its yellow card on Vietnam’s seafood exports and approve the European Union-Vietnam Investment Protection Agreement. The request was made while he was attending a summit celebrating the 45th anniversary of the
Vingroup to set up hi-tech medical firm
HCMC – Vingroup JSC, which trades its VIC shares on the Hochiminh Stock Exchange, has passed a plan to contribute capital to establish VinMedtech Hi-tech Medical JSC. VinMedtech, headquartered in Viet Hung Ward in Hanoi City’s Long Bien District, has chartered capital of VDN300 billion, 99% of
Binh Dinh proposes second provincial city
HCMC – The south-central province of Binh Dinh has written to the Ministry of Home Affairs proposing developing An Nhon town into the second city of this province, which used to be the capital city of the Tay Son Dynasty and Vijaya Empire of the Cham people. The chairman of the Binh Dinh’s
Haiphong’s key port-connecting road opened to traffic
HCMC – Ngo Gia Tu Street, one of the three major roads linking with the seaport system in the northern port city of Haiphong, was opened to traffic yesterday, December 14. The two other roads are Nguyen Van Linh and Vo Nguyen Giap. These three routes will connect with the port system comprising
Vietnam-Spain trade targeted at US$5 billion
HCMC – Vietnam and Spain aim for bilateral trade at US$5 billion in the next two or three years, heard a meeting between Vietnamese Prime Minister Pham Minh Chinh and his Spanish counterpart, Pedro Sanchez Castejón, in Brussels, Belgium, on December 14. Speaking at the meeting on the sidelines of
PM seeks to rescue gloomy real estate sector
HCMC – Prime Minister Pham Minh Chinh yesterday, December 14, wrote to ministries and localities, ordering them to step up efforts to eliminate hurdles facing the real estate market. PM Chinh told the Ministry of Construction and relevant authorities to carry out Decision 1435/QD-TTg issued on
Financial plan for Metro Line No. 1 company gets nod
HCMC – The Ministry of Finance has written to the Prime Minister presenting its plan to increase the charter capital of the HCMC Urban Railway No. 1 One-member Limited Liability Company (HURC1) after receiving a petition made by the HCMC People’s Committee. The ministry has approved the plan to
