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
Phan Thiet-Dau Giay expy required to be completed by Q1 2023
HCMC – Minister of Transport Nguyen Van Thang has requested the Thang Long Project Management Unit to complete the Phan Thiet-Dau Giay expressway before April 30 next year. In his visit to the construction site yesterday, November 22, the minister determined that the investor’s report on 77%
Tetra Pak, VECA join to expand used carton collection
HCMC – Tetra Pak has cooperated with VECA to expand the collection of used beverage cartons to 18 districts in HCMC since October, up from 14 districts in the first phase. Tetra Pak and VECA also set up additional collection sites at 10 condominiums in the city. The volume of cartons collected is
Tay Ninh to build 11 bridges across Saigon and Vam Co Dong rivers
HCMC – The southern province of Tay Ninh plans to build 11 new bridges over the Vam Co Dong and Saigon rivers to improve regional transportation connectivity. With the proposed bridge construction, the government of Tay Ninh Province aims to enhance the traffic infrastructure and foster links with
Gia Lai set to develop 135 renewable energy projects
HCMC – The Central Highlands province of Gia Lai plans to invest in 135 renewable energy and power grid projects, with a total capacity of some 15,566 MW, between 2021 and 2030. This plan was put forward at a meeting on November 21 on renewable energy development between the provincial People’s
Vietnam garment exports below target
HCMC – The chairman of the Vietnam Garment and Textile Association, Vu Duc Giang, has said that Vietnam’s apparel exports are expected to bring in US$42 billion by the end of 2022, below the year’s target of US$43-44 billion. In October, apparel exports generated US$3.18 billion, down 3.3%
Transport minister urges faster land clearance for Long Thanh airport
HCMC – Minister of Transport Nguyen Van Thang has requested the Airports Corporation of Vietnam (ACV) to step up land clearance for the Long Thanh International Airport project as the job is slower than expected. In a field trip to the Long Thanh airport construction site in the southern province
BAEMIN Vietnam, Shinhan Bank launch co-branded credit card
HCMC – BAEMIN Vietnam, in partnership with Shinhan Bank Vietnam, today, November 22, launched a co-branded credit card named “Gourmet Member” which offers a credit limit of VND100 million. The BAEMIN-Shinhan credit card was launched amid the fast increase in the use of mobile devices and the
Ministry orders strengthening food safety after mass food poisoning
HCMC – The Ministry of Education and Training has written to provincial and municipal governments, urging them to improve food safety and clamp down on violations. It also ordered schools to strictly follow food hygiene and safety protocols, check the origin of food and food processing, and only
TLH to issue over 10.2 million shares to pay dividend
HCMC – Tien Len Steel Group JSC, whose shares are traded on the Hochiminh Stock Exchange under stock code TLH, will issue more than 10.2 million shares to pay the 2021 dividend. With the stock dividend payment at a ratio of 10%, each shareholder will receive 10 new shares for every 100 shares