Administrative bottlenecks impede social housing projects
HCMC – Despite the Government’s financial packages, low-income buyers still have difficulty acquiring a social home in HCMC due to red tape. According to the city’s Department of Construction, HCMC has many long-stalled social home projects for low-income people and workers, with administrative
Top delicious restaurants in Cao Bang that you should visit when traveling
Surely you will want to eat at delicious restaurants in Cao Bang to fully experience the local cuisine, taste the delicious dishes of the people [...]
FPT rolls out massive charity run
HCMC – FPT Corporation has launched a charity run themed “FPT Happy Run,” expected to attract over 135,000 local and foreign runners, to raise funds to support disadvantaged students in remote areas in Vietnam. The event is part of the firm’s “FPT for Community Day” program aimed to mark its 35th
Visit 87 cities, and 6 poles of Vietnam in one trip
With the goal of setting a record for the first person to visit all 87 cities in just one trip, Pham Viet Anh made a [...]
HCMC’s tourism revenue soars in Jan-Feb
HCMC – HCMC’s tourism sector generated over VND21.2 trillion in revenue in the first two months of 2023, surging by 62.3% year-on-year, according to the municipal Department of Tourism. Between January and February, the city welcomed nearly 677,000 international tourists, rocketing 100%
Vietnam Railway proposes removing regulations on train service life
HCMC – Vietnam Railway (VNR) has proposed not applying service life regulations on locomotives and train cars. According to statistics of VNR, the railway sector had had 258 locomotives, 980 train cars and 4,318 wagons by end-2022. The service life of locomotives and train cars pursuant to Decree
VCCI says rules needed for setting credit growth quotas
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed policymakers provide regulations for the setting of credit growth quotas. Article 59 of the 2010 law on the State Bank of Vietnam (SBV) states that depending on the nature and degree of risks, the SBV can decide on a certain
Asian automakers to launch EV business in Vietnam
HCMC – Regional automobile manufacturers have sought to sell electric vehicles (EV) in Vietnam and build car assembly plants for the domestic market. Wuling Hongguang Mini EV, China’s best-selling compact EV, will be made and sold in Vietnam this year, the local media reported. The project is part
PM wants 95% of public investments disbursed in 2023
HCMC – Prime Minister Pham Minh Chinh has set a target to achieve a disbursement rate of at least 95% of all public investments planned for this year, equivalent to over VND676 trillion. He emphasized public investment was a resource and motivation for national development at the teleconference on
English center chain owner Apax Holdings owns $30.9mn in cash despite record losses
Apax Holdings, chaired by Nguyen Ngoc Thuy, has reported a record high of nearly VND697 billion ($29.1 million) in cash and VND40 billion ($1.7 million) in cash equivalents. However, the firm’s last quarter consolidated financial report shows a decline in business results. In the last quarter, the
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