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Vietnam announces plan to combat illegal fishing practices

HCMC – Vietnam has begun to act against illegal, unreported and unregulated (IUU) fishing practices to shed seafood export restrictions imposed by the European Union. The Ministry of Agriculture and Rural Development on February 20 announced its plan to fight IUU fishing within 180 days before the

Last operational undersea cable link with Vietnam turns choppy

HCMC – SMW3, the fifth undersea internet cable connected with Vietnam, has become choppy while the fixing of four other faulty submarine cables has yet to be completed. An internet service supplier in Vietnam said on February 21 that errors have been detected on the SMW3 cable at the S2.7 section

Central bank withdraws money from market ahead of Fed meet

HCMC – Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to slow credit growth. It issued 7-day and 91-day treasury bills totaling VND107 trillion, with the 7-day term accounting for much of the amount, at VND87

F88 strikes strategic deal with KBank

HCMC – F88 Business JSC (F88) signed a strategic cooperation partnership with Kasikornbank PCL-HCMC Branch (KBank) to increase financial inclusion to a broader segment of customers, including individuals and micro businesses, providing access to credits with preferential interest rates. This

Can Tho seeks to build new bridge to Dong Thap

HCMC – The government of Can Tho City has written to the ministries of Planning-Investment and Finance proposing building O Mon bridge over the Hau river to connect the city with Dong Thap Province. The proposed O Mon bridge project will have a total length of 5.4 kilometers including the access

Vietnam Register proposes additional manpower

HCMC – The Ministry of Transport has proposed the Ministry of Home Affairs allow Vietnam Register to use contract workers to cope with severe labor shortages at some vehicle registration and testing facilities under the department. The current labor shortages result from many senior officials and

Gasoline prices inch down

HCMC – Domestic fuel prices fell by around VND300-750 per liter or kilogram starting today, February 21, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON95-III gasoline and E5 RON92 bio-gasoline now sell for VND23,440 and VND22,540 per liter, with

PNJ reports higher revenue in Jan

HCMC – Phu Nhuan Jewelry Joint Stock Company, which trades its PNJ shares on the Hochiminh Stock Exchange, has announced its January business results, with its net revenue expanding 18.8% year-on-year at VND4.13 trillion. The HCMC-based firm also posted VND302 billion in after-tax profit, up 11.8%

Quang Ninh, Lai Chau reopen border gates

HCMC – After a three-year Covid-19 hiatus, all immigration and freight services between Vietnam and China have been restored at the Mong Cai and Ma Lu Thang northern border gates in Quang Ninh and Lai Chau provinces, respectively. Chinese authorities required individuals entering China via the Bac