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
Hanoi to develop two satellite cities
HCMC – The Hanoi City Party Committee has approved the overall adjustment of Hanoi City’s construction master plan until 2023 with a vision to 2050, in which two satellite cities will be developed, the local media reported. One city will be located to the north of the Red River, comprising the
Nearly US$7.4 billion spent on fuel imports from Jan-Oct
HCMC – Vietnam spent some US$7.4 billion importing 7.12 million tons of oil and gasoline products between January and October, up 22.7% in volume and 124% in value year-on-year. In October alone, the country’s fuel imports amounted to 602,000 tons, worth US$556 million, inching down 4.1% in volume
High lending rates dampen housing market
HCMC – Increasing interest rates are forcing homebuyers to make difficult decisions, including selling their homes to pay off their mortgages. Interest rates on consumer loans have increased by two to four percentage points against early this year to 12-13%, bringing many borrowers to their knees.
911 Group to make debut on HOSE next week
HCMC – 911 Group JSC will start trading its shares on the Hochiminh Stock Exchange (HOSE) under the code NO1 on November 28. Some 24 million NO1 shares will be traded at the reference price of VND10,000 per share, according to the HCMC exchange. In its 2021 fiscal report, the firm posted VND539.5
Construction ministry to inspect over VND100-billion projects
HCMC – The Ministry of Construction has assigned its inspectorate to organize inspections of those projects valued at over VND100 billion, mainly invested by local authorities, state-owned enterprises and corporations in 2023. Some three project management boards on the inspection list for 2023
Transport link between Mekong Delta and Cai Mep, Cat Lai ports proposed
HCMC – The Vietnam Ship Agents, Brokers and Maritime Services Providers Association (VISABA) has proposed establishing a waterway transport route from the Mekong Delta region to the deep-water ports of Cai Mep and Cat Lai through Quan Chanh Bo Canal. Some 70-75% of the Mekong Delta region’s annual
Fertilizer seen becoming billion-dollar export earner
HCMC – Vietnam’s fertilizer exports have climbed to a record high between January and October and are projected to surpass US$1 billion this year. The country had shipped 1.5 million tons of fertilizer worth US$973 million in the year to October, surging 45% in volume and nearly 160% in value over
