EVN’s losses estimated at VND31.3 trillion in 2022
HCMC – Vietnam Electricity Group (EVN) could rack up an estimated loss of around VND31,360 billion this year due to volatile global fuel prices and rising costs of generating and buying electricity. If EVN kept operating under the plan approved by the Ministry of Industry and Trade at the
Binh Duong to host Techfest Vietnam 2022
HCMC – Techfest Vietnam 2022, a national innovation startup festival, will kick off in Binh Duong Province on December 2. The three-day event will feature an exhibition with over 250 booths showcasing technology solutions and innovative products and services; and some 30 seminars and conferences
Exporters urged to swiftly leverage FTAs to avoid missing opportunities
HCMC – Advantages brought about by free trade agreements (FTAs) such as EVFTA and CPTPP would gradually disappear if Vietnamese exporters do not act quickly to make the most of these advantages right now. The recommendation was made at a seminar last Friday featuring discussions on how EVFTA and
PM urges HCMC to speed up public investment disbursement
HCMC – Prime Minister Pham Minh Chinh has urged HCMC to speed up the disbursement of public investment to further boost economic growth. He was speaking at a meeting with the municipal government on the city’s socio-economic growth on November 27, identifying public investment as one of the key
Gloomy outlook for exporters of aquatic products next year
HCMC – The number of orders and the export value of the aquatic products sector have plunged dramatically, though the year-end season usually witnesses a spike in demand. According to a survey carried out online and in-person by vietnambiz.vn, 71% of some 117 seafood companies said the aquatic
Southeastern provinces attract over US$10 billion in new investments
HCMC – Southeastern provinces have attracted more than US$10 billion and VND5 trillion from 20 investment projects in fields such as oil refining, electronics, industrial park infrastructure, tourism and urban development. Prime Minister Pham Minh Chinh witnessed the presentation of investment
CEO Luu Thi Thanh Mau wins Women in Green Building Leadership Award
Luu Thi Thanh Mau, a female entrepreneur from Vietnam, brought home the Women in Green Building Leadership Award at the Asia Pacific Leadership in Green Building Awards held in Bali, Indonesia on November 23. To earn the honorable award, the entrepreneur, dubbed “Green CEO” or “Green Building
Groundwater exploitation threatens HCMC
HCMC – HCMC is making effort to reduce groundwater exploitation to 100,000 cubic meters per day to combat land subsidence, the HCMC Department of Natural Resources and Environment said. In its report on the master plan for clean water supply and ending the exploitation of underground water by
Daklak wants international airport
HCMC – The Central Highlands province of Daklak has written to the Government proposing that the Buon Ma Thuot airport be developed into an international one as early as possible. Funding for the project would be mobilized from the private sector, according to the provincial government’s proposal.
Binh Duong looks to become smart province by 2030
HCMC – Binh Duong looks to become a smart city, a modern industrial hub, a leading high-quality service center and a livable and sustainable environment by 2050. The plan was announced at a conference co-held by the provincial Department of Planning and Investment, Becamex IDC and the Vietnam
More agri products to enter foreign markets
HCMC – Vietnam’s agricultural sector is expected to grow strongly thanks to several agricultural products receiving green clearance to enter major international markets. On November 24, the first lot of 5,400 Tan Lac red-flesh grapefruits from the northern mountainous province of Hoa Binh was
Tran De port set to become gateway seaport to Mekong Delta
HCMC – Tran De port in Soc Trang Province is set to become a gateway seaport to the Mekong Delta, according to the master plan for development of Vietnam’s seaport system in 2021-2030 with a vision to 2050, as approved by the prime minister. As per the master plan, the offshore areas of Tran De […]
Highway 51 toll collection suspension proposed for next month
HCMC – The Department for Roads of Vietnam has proposed the Ministry of Transport suspend National Highway 51 toll collection from December 17 this year. National Highway 51 has high traffic volumes as it connects HCMC and its two neighboring provinces, Dong Nai and Ba Ria-Vung Tau, which are home
VinFast starts delivering 999 electric cars to U.S. buyers
HCMC – Vietnamese automaker VinFast has begun shipping 999 VF8 electric cars to the U.S. for delivery to buyers. The company held a ceremony at MPC Port in the northern port city of Haiphong this morning, November 25 to mark the delivery. The electric vehicles are being transported to the U.S. by
NovaGroup to offload 150 million NVL shares
HCMC – NovaGroup has registered to sell 150 million NVL shares to raise funds to tackle issues related to its bonds and its restructuring plan. NovaGroup, the largest shareholder of No Va Land Investment Group Corporation (Novaland), which trades its NVL shares on the Hochiminh Stock Exchange,
HCMC to strengthen ties with Mekong Delta provinces
HCMC – Tran Thanh Man, standing vice chairman of the National Assembly, has said that promoting cooperation between provinces and cities to ensure sustainable growth would help foster regional development post pandemic. He was speaking at the Mekong Connect 2022 conference held in Can Tho City on