Dien Bien airport to be closed for upgrade next month
HCMC – Dien Bien Airport in the mountainous province of Dien Bien will cease operations in mid-April for upgrade, the local media reported. Work on the project is expected to last eight months, from April 15 to December 17, according to the transport minister. This is part of an airport expansion
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Police search homes of four flight attendants in drug case
HCMC – The HCMC police have found no illicit drugs at the residences of the four Vietnam Airlines flight attendants who were caught red-handed carrying illicit drugs to the country last week. Today, March 21, the police were still interrogating the women attendants who were members of a Vietnam
EVN asked to buy renewable energy at 90% import price
HCMC – Investors involved in renewable energy project have proposed Vietnam Electricity Group (EVN) purchase power from eligible projects at an interim price equivalent to 90% of the electricity import price. The proposal was made at a conference held by State utility EVN in Hanoi yesterday, March
SBV tightens control on corporate bond acquisitions by banks
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate bonds. The move comes after HCMC government officials asked the central bank to strengthen the monitoring of corporate bond purchases by commercial
New force formed to fight smuggling by air
HCMC – Minister of Finance Ho Duc Phoc, deputy head of the National Steering Committee for Prevention of Smuggling, Counterfeit Goods and Trade Fraud (National Steering Committee 389), has signed a decision setting up an interdisciplinary team for combating the smuggling of goods by air. The
HCMC weighs proposal to extend metro line to two neighboring provinces
HCMC – The HCMC People’s Committee will meet with relevant departments and agencies this week to consider a proposal to lengthen Metro Line No. 1 to two neighboring provinces, Binh Duong and Dong Nai. In 2022, Dong Nai and Binh Duong asked the prime minister for approval to extend the Ben
Real estate firms resume issuing bonds
HCMC – Real estate businesses have issued nearly VND12 trillion worth of corporate bonds since Government Decree 08 came into effect on March 6. The decree enables corporate bond issuers to extend coupon payments by up to two years and swap debt for assets provided that they secure prior approval
Vietnam Air re-starts regular Beijing-Hanoi flights
HCMC – Vietnam Airlines yesterday, March 19, re-started its regular air service between China’s Beijing and Vietnam’s Hanoi City after a three-year pause caused by the Covid-19 pandemic. According to Vietnam Airlines, Flight VN513 departed from Beijing at 15:30 and arrived at Hanoi at 17:55
Hoa Binh ships first batch of fresh sugarcane to U.S.
HCMC – The northern upland province of Hoa Binh yesterday, March 19, shipped its first batch of 20 tons of newly harvested sugarcane to the U.S. A ceremony was co-held by the provincial Department of Agriculture and Rural Development and Tien Ngan Trade and Investment Company to mark this
New concerns for stock market
That many enterprises will be subject to inspection regarding their previous stages of flotation or divestment of State capital sparks concerns among investors. This could be another source of pressure on the stock market, which is already in a sensitive and very vulnerable state. Check on
Exploring new markets
Headwinds from slumping demand may pose further challenges for Vietnam’s export sector. To overcome difficulties, exporters need to gain a stronger foothold. What does a plunge in new orders indicate? New orders have dived among Vietnam’s key export industries, such as apparel, footwear and wood,