Road and bridge proposed for linking Haiphong and Quang Ninh
HCMC – Haiphong has proposed expanding Provincial Road No. 352 and building the Lai Xuan Bridge crossing the Da Bach River with an estimated investment of VND1.3 trillion to connect with Quang Ninh Province. With a length of 786 meters, the Lai Xuan bridge will be developed to replace the Lai Xuan
Steel sales plunge to two-year low
HCMC – Vietnam’s steel sales in October slid to a two-year low amid the woes faced by the real estate industry. The country’s steel production topped two million tons in October, down 16% month-on-month and 29% year-on-year, while sales stood at around 1.9 million tons, a decline of 29% over the
Ha Tinh to have VND950-billion beltway project
HCMC – The Management Board of Ha Tinh Construction Investment Projects plans to start work on Ha Tinh’s East Beltway Project with an investment of VND950 billion. The project was approved on December 8, 2020, by the Ha Tinh People’s Council. The investment of VND950 billion will come from the
Rule revisions proposed to manage night markets
HCMC – The Ministry of Industry and Trade (MOIT) has proposed supplementing regulations for the operation and management of night markets, aiming to reduce its negative impacts. Under the evening economy development project in Vietnam, approved by the prime minister pursuant to Decision No. 1129
FrieslandCampina offers new food solutions in Vietnam
HCMC – FrieslandCampina has launched FrieslandCampina Professional, a high-quality food solution portfolio, within the framework of FoodTech Vietnam 2022 that is taking place in HCMC from December 7 to 10. The launch is regarded as one of the strong commitments of FrieslandCampina to the long-term
DIG to issue 100 million shares
HCMC – Development Investment Construction JSC, whose shares are traded on the Hochiminh Stock Exchange under the code DIG, will issue 100 million shares to its existing shareholders. The share issue will be conducted in the first quarter next year, at the price of VND15,000 per share, the local
SCG offers eye cataract surgeries for Ba Ria-Vung Tau people, committing brighter vision for their better lives
Collaborating with Ba Ria-Vung Tau Eye Hospital and BRVT Youth Union to provide free eye health examinations for 600 local residents, successfully conduct 100 cataract surgeries, and hold training sessions on eye health for local public, SCG with its latest campaign called SCG Sharing the Brighter
HCMC proposes increasing land price coefficients in 2023
HCMC – The government of HCMC has proposed revising up the coefficients for land prices by a notch to 2.5-3.5 during a meeting held yesterday, December 7. The coefficients are set by provincial-level authorities, used for land price calculation and revised annually based on the local real estate
European businesses plan investment expansion in Vietnam
HCMC – European businesses are looking forward to growing operations in Vietnam in a range of sectors, according to the European Chamber of Commerce in Vietnam (EuroCham). According to a recent EuroCham analysis, half of the enterprises polled remain optimistic about Vietnam’s economic recovery,
Opportunities ahead as int’l trade continues post-pandemic recovery
HCMC – Vietnam’s commitment to trade reform has left the country well placed to capitalize on a resurgent global economy, it was stated at a trade symposium held in HCMC yesterday, December 7. The symposium, co-organized by the General Department of Vietnam Customs (GDVC) and the USAID Trade
Rail industry expects to make profit in 2023
HCMC – Vietnam Railways Corporation (VNR) plans to shift operational priorities from passenger to freight transport to minimize losses and earn profits beginning next year. As of November, the proportion of freight transport accounted for roughly 55% of the total. The sector rose by 26% compared
Hiring demand in HCMC forecast at 320,000 workers next year
HCMC – Enterprises in HCMC are forecast to recruit 300,000-320,000 new employees if the global economy bounces back, according to the Center of Forecasting Manpower Needs and Labor Market Information (FALMI). The demand for new employees will depend on different scenarios of the global economy
Budget collection from real estate sector slows in H2
HCMC – Though the tax revenue from the real estate industry has exceeded the year’s goal, it has kept sliding since June. According to General Department of Taxation data, revenue from housing and land in the year to November had accounted for 17.2% of the total tax collection, at over VND222.6
Provinces set to launch price stabilization programs ahead of Tet
HCMC – Many provinces and cities in Vietnam will launch price stabilization programs in in the lead up to the Lunar New Year 2023 holiday at a total cost of trillions of Vietnamese dong. The Lunar New Year holiday is a special time for family reunion, which always drives up the demand for
HCMC wants 17 public-invested projects suspended
HCMC – The HCMC People’s Committee has proposed suspending 17 long-delayed public-invested projects to save over VND1,400 billion for more important ones. On December 7, the HCMC People’s Council began its eighth and year-end session to review and discuss key factors for the city’s development. As
Seven million tourists come to Kien Giang in Jan-Nov
HCMC – The Mekong Delta province of Kien Giang attracted over seven million tourists in January-November this year, up 164% year-on-year, according to the Kien Giang Tourism Department. Of over seven million tourists, foreigners accounted for 194,500. Phu Quoc Island alone attracted over 4.7
