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
Waste from fishing industry sparks concern
HCMC – The Ministry of Agriculture and Rural Development has reported a large volume of waste from the fishing industry, of which fishing vessels with a length of 6 meters or longer generate over 64,100 tons of plastic waste a year. That amount of sea waste primarily comes from household waste,
Vietnam-Latin America bilateral trade continues expanding
HCMC – Despite global economic uncertainties, Vietnamese trade with Latin America in January-October expanded 10.5% year-on-year to US$18.7 billion, according to a Vietnamese trade official. The figure was released at the Vietnam-Latin America Trade Forum 2022 held yesterday, November 25, in HCMC.
Sembcorp to break ground for first ready-built warehouse in central Vietnam
HCMC – Sembcorp Industries is set to break ground for the construction of Sembcorp Logistics Park in Quang Ngai Province, the first modern ready-built warehouse in central Vietnam, on December 2. Located at the Vietnam Singapore Industrial Park in Quang Ngai Province (VSIP Quang Ngai), Sembcorp
Timo Bank joins hands with AWS to promote digitalization
HCMC – Timo, Vietnam’s leading digital bank, has cooperated with Amazon Web Services (AWS) to build and launch its cloud native core banking platform on AWS, contributing to speeding its digitalization. The cloud banking platform will also help Timo scale up its business and attract five million
HCMC’s 2023 economic growth forecast at over 7%
HCMC – The HCMC Institute for Development Studies (HIDS) has envisioned three scenarios for the city’s 2023 economic growth, with all projected at 7% or higher despite economic uncertainties likely to continue into next year. In the first scenario, in which China’s zero-Covid policy and real
Ministry inspects real estate projects in Dong Nai
HCMC – The Ministry of Natural Resources and Environment on November 23 announced its upcoming inspections of 10 businesses that are developing real estate projects in Dong Nai Province. The ministry will look into compliance with laws and regulations on natural resources and the environment at
Lufthansa Cargo launches freight service to Hanoi
HCMC – German cargo carrier Lufthansa Cargo began offering a new freight service linking Frankfurt with the Vietnamese capital city of Hanoi today, November 24. The maiden flight was launched on November 2 in Frankfurt. With a stop in Mumbai, the Boeing 777F aircraft landed in Hanoi on schedule on
Upbeat outlook forecast for Vietnam’s M&A market
HCMC – Investors could hope for an uplift in Vietnam’s mergers and acquisitions (M&A) market, which is showing signs of growth, especially when tight capital market conditions have forced many enterprises to undergo restructuring, sell part of their assets and call on additional investments.
VIP earns VND220 billion from oil tanker auction
HCMC – Vietnam Petroleum Transport JSC, which trades its VIP shares on the Hochiminh Stock Exchange, has sold its Petrolimex 10 oil tanker at an auction, earning VND220.1 billion, VND500 million higher than the reserve price. The winning price excludes fees and taxes. Viet My Petrol Transportation
Elevated section of Nhon-Hanoi Station metro line to be tested in December
HCMC – The elevated section of the Nhon – Hanoi Station urban railway line is slated to enter a trial run on December 5, according to the Hanoi Metropolitan Railway Management Board (MRB). Under the plan, the trial includes two phases. The first could take up to six weeks to test the reliability,
PM wants My Thuan 2 Bridge project to be completed early
HCMC – Prime Minister Pham Minh Chinh has asked the contractors of the My Thuan 2 Bridge project to study and shorten the construction time of the bridge, while still ensuring the overall quality of the project. The prime minister visited the construction site of My Thuan 2 Bridge and roads
Futabusline to start shuttle service to new Mien Dong Coach next month
HCMC – Phuong Trang Futabusline Passenger Car Corporation will provide passengers with free shuttle services from and to the new Mien Dong Coach Station beginning in December. The HCMC Department of Transport officially approved Futabusline’s proposal for their free shuttle service yesterday
Ministry proposes extending deadlines for Ben Luc-Long Thanh expy
HCMC – The Ministry of Transport is seeking permission from the prime minister to again extend the deadline for the Ben Luc–Long Thanh Expressway project until late September 2025 due to a budget shortfall. This marked the second time the ministry asked for an extension for the project. In a
Air passenger traffic soars in November
HCMC – Some 8.7 million passengers have passed through Vietnam’s airports in November, increasing by 7% over October, according to the Civil Aviation Authority of Vietnam. In comparison with the same month last year, when travel restrictions were in place, air passenger traffic this month has shot