Auto importers in Vietnam seek 50% cut in registration fee
HCMC – The Vehicle Importers Vietnam Association (VIVA) has submitted a request to the Government seeking approval for a 50% reduction in registration fees for imported automobiles, matching the fee structure proposed for locally-made cars. VIVA, which has 12 members, made the above proposal in
Bamboo Airways begins selling Hanoi-Ca Mau flight tickets
HCMC – Local carrier Bamboo Airways today, March 17, began selling tickets for the air service connecting Hanoi City and Ca Mau Province in the Mekong Delta. Round-trip flights will be available on Tuesdays, Thursdays and Saturdays, starting April 29. One-way tickets start from around VND769,000.
Steel output and consumption dive in Jan-Feb
HCMC – Though the economic outlook in January and February has brightened, steel production, domestic consumption and exports plunged, according to the Vietnam Steel Association (VSA). In the first two months of 2023, the output of finished steel products fell 16.3% year-on-year to nearly 4.3
Real estate developer Novaland names new director
HCMC – Dennis Ng Teck Yow has been appointed general director of local property firm Novaland, succeeding Nguyen Ngoc Huyen today, March 17. Yow earned a Master of Business Administration in banking and finance from the University of Hull in the United Kingdom. He previously worked as general
DataStax partners with FIMO to empower Vietnam’s smart city expertise
HCMC – DataStax, the real-time data company, has signed a memorandum of understanding (MoU) with FIMO, a research center in smart city solutions, to improve Vietnam’s information and communications technology (ICT) workforce on March 16. FIMO aims to harness DataStax’s solutions, including the
Greenization gains ground in business employment
HCMC – Half of the green job demand since 2022 has come from the manufacturing sector, followed by the energy, agriculture and technology industries, according to employment solutions firm ManpowerGroup Vietnam. Cutting back on sustainability spending could make a business less appealing to the
FDI sector’s foreign trade down in Jan-Feb
HCMC – Sharp drops in new orders led the foreign direct investment (FDI) companies achieving only US$68.2 billion in import and export value in the first two months of this year, falling by US$9.15 billion against the same period last year. Recent data of the General Department of Vietnam Customs
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