Danang sees industrial production up 8.6% in Jan-Nov
HCMC – Danang’s industrial production index (IPI) in the year to November had improved 8.6% over the same period last year, according to data from the Danang Statistics Office. During the 11-month period, the central coast city saw its manufacturing and processing sector expanding 7.4%
Fuel supply estimated to surge 10-15% in 2023
HCMC – The Ministry of Industry and Trade has drawn up two scenarios for the minimum fuel supply in 2023, requiring key fuel enterprises to increase the overall figure by 10-15% in 2023, according to the local media. In the first scenario, the total fuel supply should reach 25.9 million cubic
HCMC wants to restore historic Ba Son Shipyard
HCMC – HCMC has proposed restoring the historic Ba Son Shipyard, with an estimated investment of some VND230 billion. The HCMC’s People Committee has sent an urgent official document to the Ministry of Culture, Sport and Tourism, seeking an appraisal for the project to restore the Ba Son Shipyard,
Ialy Hydropower supplies 100 billion kWh of power to national grid
HCMC – Ialy Hydropower Company of Vietnam Electricity Group (EVN) marked a milestone on December 2 by supplying 100 billion kWh of electricity to the national grid, according to the Vietnam News Agency. EVN’s Ialy Hydropower Company has managed the operation of three hydroelectric power facilities
Ministry proposes canceling funding plans over disbursement delays
HCMC – As disbursements remain slow and adversely affect Vietnam’s rebounding economy, the Ministry of Finance has proposed canceling the use of public capital sourced from foreign loans under the law on public investment if the money is not fully disbursed this year. Disbursements of public funds
HoREA asks for credit expansion by year-end
HCMC – The HCMC Real Estate Association (HoREA) has written to the prime minister and the State Bank of Vietnam proposing a national credit growth expansion of 1%, equal to VND100 trillion. In its letters, HoREA said it is time that the central bank raised the credit growth limit, as businesses
HEINEKEN ranked Top 2 in CSI Ranking 2022
HCMC – HEINEKEN Vietnam has been named among the Top 2 Most Sustainable Companies in the manufacturing sector in Vietnam at the Corporate Sustainability Index (CSI) Ranking Ceremony 2022. This milestone marks the seventh consecutive year HEINEKEN Vietnam has been listed among the Top 3 in this
F&N Dairy Investment to increase stake in Vinamilk
HCMC – Singapore-based F&N Dairy Investment, a large shareholder of Vietnam’s leading dairy firm Vinamilk (VNM), has registered to buy nearly 20.9 million VNM shares from December 6 to January 4. Once the transactions are completed, the Singaporean firm would raise its ownership in Vinamilk
HCMC launches Online Friday 2022
HCMC – HCMC is entering the shopping season with a host of events being kicked off to promote consumption, including Online Friday 2022 and the second Promotion Month, launched yesterday, December 1. The launch event was co-held by the Vietnam E-commerce and Digital Economy Agency, under the
Binh Duong plans to build engineering supporting industrial zone
HCMC – The southern province of Binh Duong has inked a cooperation memorandum with Truong Hai Auto Corporation (THACO) for the establishment of an engineering supporting zone costing VND26,000 billion. Binh Duong Province and THACO will begin launching the project in 2023, with the provincial
Franchising of toll collection on State-funded expressways considered
HCMC – The Ministry of Transport has requested relevant agencies to weigh franchising toll collections on State-funded expressways, which would enable the Government to recover capital immediately to finance other traffic projects. Though the Government has allocated up to VND300,000 billion to
International trade fair kicks off in HCMC
HCMC – The 20th Vietnam International Trade Fair, Vietnam Expo 2022, opened at the Saigon Exhibition and Convention Center in HCMC’s District 7 on December 1, featuring 550 booths with more than 520 enterprises from 20 countries and territories. The three-day event consists of a series of
PM seeks crackdown on housing and bond fraud
HCMC – Prime Minister Pham Minh Chinh has ordered a clampdown on irregularities in the corporate bond and real estate markets, although it could affect market sentiment. The Prime Minister was speaking during a government meeting held Thursday morning, December 1. According to Chinh, rapid and
Turbine test in France boosts Hoa Binh hydropower plant expansion
HCMC – GE Hydro Solutions and Vietnam Electricity Group (EVN) have conducted an acceptance test of the 240-MW turbine at the hydraulic laboratory in Grenoble, France, marking a key milestone in the expansion of the Hoa Binh hydropower plant. Under a deal signed by GE Hydro Solutions and EVN for
HCMC’s foreign investment approvals up 3.3%
HCMC – As of early December, HCMC’s total foreign investment approvals had reached US$3.54 billion, up 3.3% year-on-year. The municipal authorities have so far this year approved 807 new foreign-invested projects with total pledged capital of US$477.7 million. Remarkably, there are 304 projects in
Vietnam’s rice exporters see opportunities as Indonesia boosts imports
HCMC – Indonesia plans to import 500,000 tons of rice to improve its reserves in 2022, presenting an opportunity for Vietnamese rice exporters to enter the Indonesian market. Indonesia’s national rice reserves have fallen to under 600,000 tons, while the nation aims to secure 1.2 million tons in
