Govt sells VND36.6 trillion bonds in February
HCMC – The Vietnam State Treasury (VST) has raised nearly VND36.6 trillion from the auctions of 12 lots of G-bonds in February, showed data from the Hanoi Stock Exchange. Most of the bonds come with terms of 10 and 15 years, accounting for 52.19% and 45.21% of the total bond sales, respectively.
Thorough research required for HCMC-Can Tho railway project
HCMC – The management board of railway projects and consultants need to thoroughly study the HCMC-Can Tho railway project and evaluate all factors in line with the law on investment, said the Ministry of Transport. The Transport Ministry asked the management board of railway projects and
Nine more prosecuted over Covid-19 repatriation flights
HCMC – A former official at the Vietnamese Embassy in Malaysia and eight other individuals, including seven business leaders, have been prosecuted over their alleged involvement in repatriation flights conducted during the height of the Covid-19 pandemic. The Ministry of Public Security (MPS) said
First group of Chinese tourists comes to Vietnam through northern border gate
HCMC – The Mong Cai-Dongxing international border gate pair linking Vietnam’s Quang Ninh Province and China’s Guangxi Province today, March 15, resumed immigration procedures for 38 Chinese tourists to come to Vietnam. They belong to the first group of Chinese tourists to enter Vietnam via this
Four state-owned banks cut deposit rates
HCMC – Vietnam’s big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just a day after the central bank decided to lower key interest rates. The four banks are the Vietnam Joint Stock Commercial Bank for Industry and
BWE wants to acquire 24.5% stake in LAW
HCMC – Binh Duong Water Environment JSC (BWE) has approved a board resolution to buy three million LAW shares, or a 24.5% stake, in Long An Water Supply Sewerage JSC (LAW). It is likely that BWE would buy the shares from DNP Holding Joint Stock Company (DNP), which has registered to sell three
Gov’t to devise favorable policy for tourism: PM
HCMC – The Government would work out policies to tackle difficulties facing the tourism sector, said Prime Minister Pham Minh Chinh. He was speaking during a national conference held this morning, March 15, to find ways to step up tourism recovery and development. Though Vietnam sees tourism an
Vietnam Airlines set to add domestic, int’l flights
HCMC – Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines and VASCO, will make more than 20 million seats available for domestic and international flights between April and October, up 25% year-on-year, to meet the surging travel demand. Of the total, over 14 million seats will
South Korea needs over 12,000 Vietnamese workers
HCMC – South Korea needs more than 12,000 Vietnamese workers this year for its Employment Permit System (EPS), a licensed program for foreign labor, with a focus on the manufacturing and fishery industries. The demand for Vietnamese guest workers in South Korea varies in each industry, with some
HCMC looks to stronger Vietnam-Indonesia business ties
HCMC – HCMC has expressed expectations that cooperation between Vietnamese and Indonesian businesses, especially small and medium-sized enterprises (SMEs), will expand in the future. HCMC chairman Phan Van Mai made the statement yesterday, March 14, at a meeting with Arsjad Rasjid, chairman of the
Fuel retailers propose base-price and commission setting council
HCMC – Fuel retailers have proposed the ministries of Industry-Trade and Finance establish a council for determining the base prices and commissions for fuels. The proposal was mentioned in their letter to the prime minister yesterday, March 14. Government Decree 95, issued in 2021, defines the
Renewable energy investors concerned about electricity pricing mechanism
HCMC – Investors of transitional solar and wind power plants have written to the prime minister expressing concerns that the electricity pricing mechanism would cause possible disruptions of their financial plans. Due to the severe impact of Covid-19, 84 renewable energy projects with a total