Vietnam’s central bank cuts interest rates
HCMC – The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with effect from tomorrow, March 15. Under the SBV’s Decision 313/QD-NHNN, the rediscount rate will be down from 4.5% to 3.5% per year. For overnight loans in interbank
Nam Can Tho University Medical Center expands operation
CAN THO – The Nam Can Tho University Medical Center, a unit of the Nam Can Tho University in Can Tho City, today, March 14, commissioned the Department of Cardiology and Interventional Cardiology, the Department of Emergency, Intensive Care and Anti-Poison, and the Dental Center. The expansion was
HCMC calls off major commercial complex project
HCMC – The HCMC government has announced its decision to cancel a commercial complex project which has been put on hold for 16 straight years. The HCMC departments of Investment-Planning and Justice have been tasked with preparing paperwork for the cancellation of the project invested by the
Military to hand over land to airport terminal by end-March
HCMC – The Ministry of Defense has said it will complete the handover of military land to HCMC prior to March 31 for building Passenger Terminal T3 and connecting roads at the Tan Son Nhat International Airport. The HCMC People’s Committee, the Ministry of Defense and relevant agencies conducted a
CTF to issue 3.8 million ESOP shares
HCMC – City Auto Corporation (CTF) has announced it will issue over 3.8 million shares under the employee share ownership plan with a price of VND15,000 per share. The shares will not be tradable within one year from the date of issue and will be bought back if the holders quit their job within
Over 410km of North-South expy to be completed this year
HCMC – Seven components of the Eastern North-South expressway project in the 2017-2020 period, with a total length of 411.6 kilometers, will be opened to traffic this year. The Ministry of Transport has urged relevant units to speed up work and complete the seven subprojects this year. They are
HCMC prepares to welcome back Chinese tourists
HCMC – The HCMC tourism authority is getting ready for the return of groups of tourists from China, as the northern neighbor has given the green light for the arrangement of group tours to Vietnam from March 15. China’s move to resume outbound tours for groups of guests to Vietnam is what travel
Norway funds nearly US$500,000 for hybrid rice in Vietnam
HCMC – The project of researching and piloting hybrid rice in some provinces of the Mekong Delta, northern upland and central regions of Vietnam launched in 2023-2024 will receive funding of US$477,500 from the Norwegian government. The University of Can Tho and the Global Crop Diversity Trust
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