VNA resumes air service to Hong Kong
HCMC – Vietnam Airlines (VNA) has reopened regular flights between the capital city of Hanoi and Hong Kong to meet the high travel demand. The national flag carrier will operate two weekly flights on the Hanoi-Hong Kong route on Wednesdays and Sundays. The frequency will be increased to three
What is the optimal solution for businesses to stand firm in a volatile global market?
Closing out a challenging year of pandemic recovery with great fluctuations on the global market, sustainability has become a must in today’s business environment. Businesses find solutions to surmount difficulties following the pandemic During the post-pandemic recovery, economies around the
HCMC’s foreign trade exceeds US$100 billion in Jan-Nov
HCMC – HCMC’s foreign trade in the year to November had totaled US$101.6 billion, according to the General Department of Vietnam Customs. The gross regional domestic product of HCMC is expected to grow 9.03% over 2021, way above the target ranging between 6% to 6.5%. The city’s trade performance
Expy project in Danang gets nod
HCMC – The Ministry of Transport has given the nod to the Hoa Lien-Tuy Loan expressway project, which will run across Danang City and is part of the Eastern North-South expressway project, with a total investment of over VND2.1 trillion. Of the total investment sourced from the State budget, over
Vietnam’s auto imports shoot up in November
HCMC – The number of cars imported into Vietnam last month soared sharply, driven by the strong domestic demand. Data from the General Department of Vietnam Customs showed the country imported over 22,700 completely-built-up (CBU) cars worth US$468 million in November, surging by 58.8% in volume
Fuel prices drop to two-year lows
HCMC – Domestic fuel prices were today revised down by VND937-1,661 per liter or kilogram. The reductions sent fuel prices plunging to two-year lows. In an announcement jointly made by the ministries of Industry-Trade and Finance, RON 95-III gasoline now sells for VND21,200 per liter, down
GEG disbands solar energy subsidiary
HCMC – Gia Lai Electricity Joint Stock Company (GEG) has passed a resolution to disband its subsidiary Phong Dien Solar Energy Company, which is headquartered in Hue City, Thua Thien-Hue Province. The Phong Dien solar energy company, founded in 2019, has total charter capital of VND120 billion and
Heineken to invest US$500 million in Vietnam in next 10 years
HCMC – Heineken has invested US$1 billion in Vietnam and will continue to pour US$500 million into Vietnam in the next 10 years, said Heineken CEO Dolf van den Brink. On December 11, Vietnamese Prime Minister Pham Minh Chinh met Brink at the company headquarters in Amsterdam, Netherlands. Chinh
China tightens regulations on agricultural imports
HCMC – China has revised its regulations on agricultural imports, making it harder to sell the products to its market, the Plant Protection Department said. Vietnam now has seven traditional export fruits, comprising mango, dragon fruit, longans, lychees, watermelons, rambutans and jackfruits, and
Cybersecurity product for families launched
HCMC – Smart Cyber Security, a newly-established enterprise under the auspices of the National Innovation Center (NIC), has launched an Internet safety product for families called SafeGate Family. SafeGate Family is the first cybersecurity solution for families to be introduced in Vietnam,
AI technology to help reduce risk of vision loss: Monash study
HCMC – New artificial intelligence (AI) technology that detects subtle changes in the retina could prove a game-changer in helping millions of people avoid vision loss or blindness, according to a recent study conducted by Monash University. The retinal deep learning model, developed during a
Global market headwinds seen hitting Vietnam’s trade
HCMC – With foreign trade forecast to reach more than US$700 billion this year, the Ministry of Industry and Trade has predicted a bleak outlook for Vietnam’s imports and exports next year. Data from Vietnam Customs showed that in November, Vietnam gained US$29 billion from exports and spent
PM proposes Netherlands help Hanoi with hi-tech center development
HCMC – Prime Minister Pham Minh Chinh has proposed the Netherlands help Vietnam develop a Brainport hi-tech center in Hanoi City. He was speaking during his visit to the Brainport Industries Campus in Eindhoven City in North Brabant on December 11, as part of his official visit to the Netherlands
Vietnam records strong export growth
HCMC – The country’s export revenue had amounted to US$700 billion in the year to mid-December, surpassing 2021’s record high of US$668.5 billion, according to the Ministry of Industry and Trade. Between January and November, Vietnam’s foreign trade reached around US$674 billion, with a trade
HCMC sets 2023 budget collection of VND470,000 billion
HCMC – HCMC plans to obtain revenue of VND470,000 billion in 2023, up 21% from this year, according to a resolution on the state budget collection estimate and HCMC’s expenditure next year. In the eighth session of the 10th-tenure HCMC People’s Council, HCMC is set to collect VND1,287 billion
Vietnam company to develop wind power project in Laos
HCMC – The AMI Renewables Corporation in Quang Binh Province signed a memorandum of understanding with the Lao government yesterday, December 8, to carry out the feasibility study for the Ami Savannakhet wind farm with a capacity of 252MW. The Vietnamese side will conduct the feasibility study for
