Thu Duc needs new mechanism for development
HCMC – Despite its huge development potential, Thu Duc City still faces numerous outstanding issues and obstacles; therefore, the city needs to be granted a special mechanism for development, according to the Institute for Policy Research and Media Development (IPS). Asynchronous infrastructure
EU draft law seeks to end import of goods linked to deforestation
HCMC – The European Union (EU) might ban companies from importing products deemed to accelerate deforestation. The EU reached an agreement on December 6 to prevent companies from selling products that drive deforestation to the EU market, according to the European Commission (EC). A draft law of
Bamboo Capital to pour additional VND500 billion into BCG Energy
HCMC – Bamboo Capital Group JSC, which trades its BCG shares on the Hochiminh Stock Exchange, has passed a plan to inject an extra VND500 billion to its subsidiary BCG Energy. After the transaction, BCG’s total capital contribution to BCG Energy will reach VND3,203 billion, or 320.3 million
Kamado gets approval for granite tile factory
DANANG – The Kamado Joint Stock Company has received approval from the Binh Dinh Investment Promotion Center (IPC) to develop its over-VND988-billion granite tile factory in the Binh Nghi industrial cluster. The facility will cover 21.9 hectares in Binh Nghi Commune, Tay Son District, Binh Dinh
Int’l Food & Hotel Vietnam kicks off in HCMC
HCMC – The 11th International Food & Drink, Hotel, Restaurant, Bakery & Food Service Equipment, Supplies & Services Exhibition, or Food & Hotel Vietnam 2022, was launched at the Saigon Exhibition and Convention Center in District 7, HCMC today, December 7. The exhibition, held by
Over VND9.6 trillion proposed for upgrading HCMC’s polluted canal
HCMC – The HCMC People’s Committee has proposed investing over VND9.6 trillion in the Xuyen Tam Canal upgrade project at a meeting this morning, December 7, according to the local media. The project will be carried out on the 6.6-kilometer section of the canal, from Nhieu Loc-Thi Nghe Canal to the
New employment opportunities emerge in Binh Duong
HCMC – Employment opportunities have arisen in the southern province of Binh Duong as businesses begin the hunt for labor, the provincial Labor Union said. The union posted a list of 38 companies looking for over 50 workers on its portal, congdoanbinhduong.org.vn, and its Facebook page. Most
Vietnam imports nearly US$190 million of pork in Jan-Oct
HCMC – Vietnam had imported 89,000 tons of pork products worth US$189.02 million in the year to October, contracting over 34% in volume and nearly 40% in value year-on-year, according to the Foreign Trade Agency under the Ministry of Industry and Trade. In October alone, the country spent some
Global Sourcing Fair set for next April in Vietnam
HCMC – Global Sourcing Fair Vietnam, an international B2B sourcing trade show organized by Global Sources, is scheduled to take place from April 26 to 28 next year in HCMC’s District 7. The event is expected to meet the rising sourcing demand for products from Vietnam and ASEAN, providing a
Can Tho looks to boost smart tourism
HCMC – Can Tho will enhance the application of artificial intelligence and virtual reality to deliver a better experience for tourists in the coming time, following the city successfully applying digital technology to the tourist information portal and the Can Tho e-tourism platform. During the
Ministry wants lowest environmental protection tax on fuels in 2023
HCMC – The Ministry of Finance has sought to keep the environmental protection tax on fuels at the lowest levels, proposing the Government submit a draft resolution to this effect to the National Assembly’s Standing Committee. The ministry prepared the resolution, which maintains the environmental
INSEE pours US$35.7-million into new cement grinding station
HCMC – INSEE Vietnam broke ground on the Thi Vai Cement grinding station 2 at the Phu My Industrial Park in Ba Ria-Vung Tau Province on December 4, according to the local media. This project requires an estimated US$35.7 million. This is the second time INSEE has invested such a large amount of
Vietnam’s tourism expects 100 million domestic tourists this year
HCMC – Vietnam’s tourism sector has made an impressive comeback and beaten 2019’s record with 11.3 million more domestic visitors than in the pre-Covid year. The country recorded around 96.3 million domestic tourists from January to November, with November alone seeing 4.5 million, the Vietnam
LG to invest US$4 billion in Vietnam
HCMC – LG intends to expand its Vietnam operations by investing US$4 billion in a manufacturing base for its smartphone camera modules, according to the Voice of Vietnam station. LG’s Chief Operating Officer Kwon Bong-Seok made the statement in Seoul on December 5 during a meeting with Vietnamese
Nearly 12,000 firms established in November
HCMC – November saw 11,943 new enterprises established nationwide with total pledged capital of VND104.49 trillion, rising by 0.3% in number but down 30.3% in capital year-on-year, according to the General Statistics Office. The new market entrants registered to employ 74,000 workers, falling by
Rest areas proposed for Chau Doc-Can Tho-Soc Trang Expressway
HCMC – The Can Tho City government has proposed building three rest areas along the Chau Doc-Can Tho-Soc Trang Expressway, each covering around 5.6 hectares, according to the local media. The three rest areas will be developed in Chau Phu District of An Giang Province, Co Do District of Can Tho
