HCMC sees more businesses exit market
HCMC – The number of HCMC-based businesses facing difficulties and pulling out of the market surged in the first quarter of 2023, according to the HCMC Union of Business Associations (HUBA). Over 11,300 companies ceased operations from January to March, up 20.1% over the same period in 2022. Of
Sai Gon Tiep Thi, Meizan Demo Center hold Chef Exchange Program
HCMC – After the success of the previous two events, Sai Gon Tiep Thi, a publication of the Saigon Times Group, partnered with the Meizan Demo Center to host the third Chef Exchange Program in HCMC on March 19. The event attracted nearly 30 participants who love food and cooking. Vu Nguyen, head
HoREA suggest using lottery firms’ profit for land development
HCMC – The HCMC Real Estate Association (HoREA) has proposed allowing local authorities to use annual profit from State-run lottery firms to finance land development. The proposal was sent to the National Assembly Standing Committee while the draft of the revised land law has been passed around
E-commerce accounts for 60% of Vietnamese digital economy
HCMC – Vietnam’s digital economy saw the gross merchandise value (GMV) reaching US$23 billion last year, with e-commerce making up over 60%. The 2023 report “Sustainable development of e-commerce – the driving force for the digital economy” said that 2022’s GMV increased 28% over the previous year
Binh Duong’s key economic indicators see negative growth in Q1
HCMC – The southern province of Binh Duong has seen its economic indicators drop in the first quarter of the year, while employees leaving the market outnumbered those entering. Preliminary data from the government of Binh Duong showed that the index of industrial production of the province in the
Bamboo Airways wants to add VND10 trillion to charter capital
HCMC – Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations. The plan will be submitted to the company’s extraordinary general meeting for approval on April 10. Bamboo Airways will
Four gas stations in HCMC apply for dissolution
HCMC – Six gas stations in HCMC have suspended operations, with four in the process of conducting procedures for dissolution, according to the market surveillance agency in HCMC. The four are the Go Vap Branch Gas Station in Go Vap District, Hoang Phong Station in District 7, Truong Thieu Sinh
China to import farm produce via Mong Cai border gate
HCMC – Chinese customs officials have recently approved the Mong Cai-Dongxing international border gate pair as an entry point for agricultural goods from Vietnam, according to the Ministry of Industry and Trade. Farm trade will be facilitated through the Bac Luan 2 Bridge, one of the two bridges
Dong Thap to provide expy projects with 7.4 million cubic meters of sand
HCMC – The Mekong Delta province of Dong Thap has said it will supply 7.4 million cubic meters of sand to expressway projects that are facing shortages of building materials. Of the amount, 5.5 million cubic meters of sand will go to Cao Lanh-An Huu and My An-Cao Lanh expressways in the province.
General Bytes' Bitcoin ATM hit by zero-day attack, resulting in $1.5 million theft
The manufacturer of General Bytes Bitcoin ATMs has reported that hackers stole digital currency from their company and customers by exploiting a zero-day vulnerability in their BATM management platform.
USABC Chairman: U.S. firms eye long-term investment in Vietnam
HCMC – The US-ASEAN Business Council (USABC), during its visit to the country, presented initiatives and new business opportunities for Vietnam to Prime Minister Pham Minh Chinh, with long-term investment commitments. According to the Vietnam News Agency, Prime Minister Pham Minh Chinh met with
Offshore wind farm project proposed in Can Gio
HCMC – Japanese and local investors have asked the HCMC government for approval of an offshore wind power project with a capacity of 6,000 MW in the outlying coastal district of Can Gio, reported the local media. The HCMC People’s Committee is seeking feedback from relevant agencies on the