More bond issuers face debt repayment woes
HCMC – Many bond issuing companies are having difficulty settling debt as poor business conditions, tough access to credit and difficulties in raising funds from the stock market have heavily affected their cash flows. Hung Thinh Incons JSC called for a delay in paying principal and interest for a
FLC shares to be delisted next week
HCMC – The Hochiminh Stock Exchange (HOSE) has announced it will delist nearly 710 million shares of FLC Group, with a total value of nearly VND7.1 trillion, from February 20. At the time of announcement, FLC shares were priced at VND3,570. The company will be delisted for its serious information
HCMC seeks to expand agricultural cooperation with Ontario
HCMC – HCMC has suggested the Canadian province of Ontario continue to strengthen cooperation in more sectors, especially agriculture, heard a meeting between the HCMC government and Ontario’s Ministry of Agriculture, Food and Rural Affairs (OMAFRA) yesterday, February 13. The HCMC People’s
Binh Duong set to have new city
HCMC – The southern province of Binh Duong will have a new city called Tan Uyen, with a total area of 191.76 square kilometers and a population of over 466,000. The new city will have 10 wards and two communes of Tan Uyen Town. Yesterday, February 13, all the National Assembly (NA) Standing
Kep Railway Station to operate int’l lines
HCMC – The Ministry of Transport has authorized the temporary operation of international freight lines at the Kep Railway Station in the mountainous province of Bac Giang, beginning mid-February. The station’s international operation is planned to facilitate trade for local enterprises in Bac
HCMC plans to take back Saigon Silicon City investment certificate
HCMC – The government of HCMC is preparing paperwork to withdraw an investment certificate from the Saigon Silicon City project within this year due to the project’s long delays, said a city official. It is inappropriate to have a project like this lagging behind schedule while many other projects
Ultraviolet radiation index stays high in HCMC
HCMC – The ultraviolet radiation (UV) indexes in HCMC and elsewhere in southern Vietnam will pose a high risk of harm between 11:00 and 13:00 from February 13 to 15, according to the Southern Regional Hydrometeorological Center. The weather forecast bulletins of the Southern Regional
VCCI proposes skipping checks on origin of goods with C/O
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) proposed that customs agencies skip checks on the origin of goods with Certificates of Origin (C/O) to ward off management overlap. The draft circular on the origin determination of imported and exported goods by the Ministry of Finance
ForGood Vietnam boosts female-led startup community
HCMC – ForGood Vietnam has organized a ceremony to present certificates of attendance to 40 women who have completed courses in the 2023 Future For Women program in HCMC. The program is aimed at strengthening the community of female-founded startups and leveraging the importance of women in
Real estate sector still struggles
HCMC – The ongoing credit crunch and the Government’s restrictions on corporate bond sales have put an additional strain on the debt-ridden real estate sector. Savills Vietnam’s survey pointed out that homebuyers must apply for a mortgage worth around 50% to 80% of the total value of a mid-end
Run For The Heart 2023 raises VND5 billion for children with CHDs
HCMC – Run For The Heart 2023, an annual charity run jointly organized by Gamuda Land Vietnam and VinaCapital Foundation’s Heartbeat Vietnam, has raised over VND5.4 billion to save 193 disadvantaged children with congenital heart defects (CHDs). After more than two months of fundraising and
Vietnam Airlines resumes regular Hanoi-Kuala Lumpur flights
HCMC – Vietnam Airlines resumed regular flights between Hanoi and the Malaysian capital of Kuala Lumpur on February 13. The national flag airline’s Hanoi-Kuala Lumpur route has a frequency of four weekly flights on Tuesdays, Thursdays, Fridays and Sundays. Vietnam Airlines will offer promotional