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
Many passenger trains to be added during upcoming national holiday
HCMC – Hanoi Railway Transport JSC will increase the number of passenger trains to meet the higher travel demand on Reunification Day (April 30) and International Labor Day (May 1) this year. Apart from the four pairs of Thong Nhat trains, including SE1/2, SE3/4, SE5/6, SE7/8, the firm will
New bridge to be built across Red River
HCMC – Hanoi City will build an eight-lane bridge across the Red River to connect the districts of Bac Tu Liem and Dong Anh. The Hanoi City People’s Committee has approved the investment policy for Thuong Cat Bridge and 5.2 kilometers of connecting road from both sides of the bridge. Thuong Cat
PM gives green light to two expy projects
HCMC – Prime Minister Pham Minh Chinh has approved the Ministry of Transport’s proposal to allow local authorities to develop an expressway in northern Vietnam and another in the southeastern region. The expressway in northern Vietnam would run through Ninh Binh, Nam Dinh and Thai Binh provinces,
HCMC urges capital allocation for cash-strapped Metro Line No. 1 company
HCMC – The government of HCMC has requested the Ministry of Justice to help with the procedure to allocate capital for the cash-strapped HCMC Urban Railway No. 1 Company Limited (HURC1), which will operate Metro Line No. 1. According to the HCMC People’s Committee, the capital allocation is
Japan provides US$1.38-million aid to Vietnam
HCMC – The Japanese government has provided about US$1.38 million to nine healthcare, education, transportation and environmental development projects in Vietnam. The grant is aimed at benefiting locals at the grassroots level in Vietnam, according to Japanese Ambassador to Vietnam Yamada Takio.
How to rescue corporate bonds
Many enterprises, especially real estate ones, are now under huge pressure to settle bonds upon maturity, including bond interest, which stems from a lack of oversight in the recent overheated growth of the capital market. To douse the fire on the bond market, all eyes are on the draft amendments