Vietnam weighs electricity price hikes in 2023
HCMC – Vietnam is considering hiking electricity tariffs this year as the last adjustment took place almost four years ago while input costs of power generation have soared since. Deputy Minister of Industry and Trade Do Thang Hai said at a press conference yesterday, February 2, that the hike
Work starts on bridge linking Haiphong, Quang Ninh
HCMC – The government of Haiphong City yesterday, February 2, broke ground on a project to build the Lai Xuan Bridge, which will connect the northern port city with neighboring Quang Ninh Province, and widen Provincial Road 352. The Lai Xuan Bridge, which will be 840 meters long and 12 meters
Vietnam emerges as biggest ASEAN wood products exporter to Australia
HCMC – Vietnam became the biggest ASEAN exporter of wooden products to Australia in November 2022, with US$205.6 million, up 26.4% over the same period last year, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. Australia has prioritized the import of wood frame
Steel prices soar three consecutive times in January
HCMC – Domestic steelmakers late last month announced to hike prices, the third spike of the month, reported the local media Domestic steelmakers adjusted up steel prices by VND300,000 – VND700,000 a ton on January 30 to over VND16 million a ton, but the new level is still over VND2 million lower
State Treasury to auction VND400 trillion G-bonds this year
HCMC – The Vietnam State Treasury (VST) has announced a plan to auction VND400 trillion worth of government bonds on the Hanoi Stock Exchange this year. It will raise VND108 trillion from sales of G-bonds with different maturities in the first quarter, including five-year and seven-year bonds
Labor market recovers after Tet
HCMC – Vietnam’s post-Tet labor market is seen recovering in the first quarter of this year, with a surge in hiring demand in labor-intensive industries such as footwear, apparel, manufacturing and services. Job placement centers in HCMC and Hanoi are striving to match job supply with demand. The
HOSE warns Vietnam Airlines over delisting risk
HCMC – The Hochiminh Stock Exchange (HOSE) has written to Vietnam Airlines JSC warning that the carrier’s HVN shares could be delisted from HOSE as the firm has made losses for three years in a row. HOSE said that on June 1, 2022, it had upheld its decision to put HVN shares under watch as […]
Six businesses lose fuel distribution licenses
HCMC – The Ministry of Industry and Trade has revoked the fuel distribution licenses from six local businesses, with effect on February 27. They comprise Bong Sen Vang Oil Co. Ltd.; Dai Long Petro Trading Joint Stock Company; Quang Ha Transport, Construction, and Trading Company Limited; An Huu
More aqua-product firms eligible to export to China
HCMC – An additional 23 Vietnamese businesses are eligible to export aqua products to China, as approved by the Chinese General Administration of Customs. The China Import Food Enterprise Registration system officially announced this, increasing the total number of qualified Vietnamese exporters
Transport Ministry told to disburse VND94 trillion in 2023
HCMC – The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021. The ministry chaired a meeting on the 2023 public investment disbursement yesterday, February 1. According
My An-Cao Lanh Expressway project gets extra VND1,400 billion
HCMC – The Ministry of Transport has proposed adding VND1,400 billion to the My An-Cao Lanh Expressway project in the Mekong Delta province of Dong Thap, bringing the total cost of the project to VND6,209 billion. The additional capital will be used to cover the growing expenses of construction
Tourism revenue reaches VND46 trillion in January
HCMC – Vietnam’s tourism industry generated around VND46 trillion in revenue this January, with a surge in domestic and international tourist numbers, according to the Vietnam National Administration of Tourism. Vietnam attracted around 13 million domestic tourists in January, nearly 1.6 times