HCMC orders speedier public investment disbursement
HCMC – HCMC Chairman Phan Van Mai has issued an urgent dispatch urging municipal departments and agencies to speed up the disbursement of public investment capital as the city’s disbursement rate has reached a mere 0.52% of the total planned for all of 2023 by the prime minister. As of February
VinFast delivers over 400 electric cars in Feb
HCMC – Vietnamese automaker VinFast last month handed over 266 VF8 and 150 VF e34 electric cars to local customers, meeting its sales target for the month, according to the firm’s February sales report released today, March 14. In the first two months of the year, the company delivered 774 VF8 and
Hanoi pushes back metro line’s operation
HANOI – The operation of the Nhon-Hanoi Station metro line on the elevated section has been pushed back to August this year, instead of end-2022 as earlier planned. This was the fourth time Hanoi City had rescheduled the operation of this urban railway. Hanoi was seeking the prime minister’s
HCMC hikes coefficients for land prices
HCMC – The HCMC government has raised the coefficients for land prices applicable to the compensation and resettlement plans in the city this year, with effect from this Saturday, March 18. The highest coefficient is set at 25 for residential land and 38 for agricultural land. The coefficients for
Tra fish export fall forecast to extend
HCMC – Vietcombank Securities Company (VCBS) has forecast that Vietnam’s tra fish exports will continue to spiral down until the end of the first half of the year. The country has seen a fall in tra fish exports by both value and volume since November last year, according to the Vietnam
Central bank inspect 11 banks
HCMC – The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been inspected over matters related to investments in corporate bonds, the Vietnam News Agency reported. The central bank has conducted snap inspections into
Fitch Ratings assigns GAS “BB” rating
HCMC – PetroVietnam Gas Joint Stock Corporation, whose GAS shares are listed on the Hochiminh Stock Exchange (HOSE), has received a “BB” rating from Fitch Ratings, with a positive outlook. The rating is expected to help the firm win the trust of partners and banks, GAS said. For Standalone Credit
VND120 trillion credit package for social housing to be rolled out
HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for the poor and workers, and renovating or re-building aging apartment blocks. The SBV, the country’s central bank, was tasked with directing commercial
Danang to trial bike rental service late this month
HCMC – The transport authority in Danang City will pilot a public bike rental service in the central coastal city starting from March 29 to help move toward developing a green transport system. The city will set up 61 stations with roughly 600 bicycles allocated to five districts. These stations
Five auto testing centers in Hanoi resume operations today
HCMC – Five more vehicle registration and inspection centers have been reopened in Hanoi today, March 13, sending the total number of active facilities in the capital city to 13, according to Vietnam Register. These five centers are 29-03V in Dong Da District, 29-07D in Dong Anh District, 29-11D
Local fuel prices inch up
HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per
VNA adds Vietnam-India flights
HCMC – Vietnam Airlines (VNA) will raise the number of flights linking Vietnam and India by 30% starting from March 26 to satisfy the rising demand for passenger and cargo transport between the two nations. According to its flight increase plan, the national flag carrier will operate four weekly