North bread for more than 70 years on the sidewalk of Saigon
Ly’s bread on the sidewalk of Hai Ba Trung Street, District 3, only has spring rolls and onions, cucumbers, sold in three hours in the [...]
Banks trim corporate bond holdings
HCMC – Commercial banks have reduced their holdings of corporate bonds amid a bleak bond market outlook and credit crunch. Techcombank, one of the biggest holders of corporate bonds, has cut its holdings by 12% over the previous quarter to VND43,500 billion, a steep fall of 43.3% compared to
KBC chairman to buy 50 million shares
HCMC – Dang Thanh Tam, chairman of Kinh Bac City Development Holding Corporation, whose KBC shares are traded on the Hochiminh Stock Exchange, has registered to buy 50 million KBC shares to raise his stake in the firm. The transaction will be conducted from November 15 to December 14. Tam will
Food import prices increase as dollar rises
HCMC – Imported food prices have risen by 5-10% due to the weakening of the Vietnamese dong currency against the U.S. dollar. The dollar rise has benefited exporters but made life difficult for importers. Pham Ngoc Hung, vice chair of the HCMC Union of Business Associations, said the exchange rate
QTSC, HCA join InfoComm Southeast Asia 2022 in Thailand
HCMC – QTSC cooperated with HCA to send a trade promotion delegation to the InfoComm Southeast Asia 2022 in Bangkok, Thailand, which took place between November 2 and 4, to sound out cooperation opportunities and learn new technology trends. InfoComm Southeast Asia 2022, Asia’s premier
Vietnam’s Jan-Oct rice exports meet 93-96% of full-year target
HCMC – Vietnam exported six million tons of rice worth nearly US$3 billion in the first 10 months, an increase of 17% in volume and 7% in value compared to last year, according to data from the Ministry of Agriculture and Rural Development. This export value represents 93 -96% of the full-year
British Council postpones IELTS tests in Vietnam
HCMC – The British Council, the UK’s international organization for educational and cultural opportunities, has postponed all IELTS tests scheduled to be held in Vietnam from today, November 10, until further notice. Many IELTS candidates received email messages from the British Council on
Four expys to be opened to traffic by year-end
HCMC – The Ministry of Transport has ordered four sections of the North-South expressway project be opened to traffic before December 31 this year. The four sections are Cam Lo-La Son, Mai Son-National Highway 45, Vinh Hao-Phan Thiet and Phan Thiet-Dau Giay, the local media reported. Minister of
Binh Duong puts new FDI approvals at US$2.7 billion in Jan-Oct
HCMC – The southern province of Binh Duong has emerged as the second most preferred destination for foreign direct investment (FDI) in Vietnam, attracting US$2.7 billion in new FDI pledges in January-October, the provincial government reported. The figure shot up 57% over the same period last
Haiphong container terminal handles one-millionth TEU
HCMC – The Haiphong International Container Terminal (TC-HICT) in the northern port city of Haiphong handled its one-millionth twenty-foot equivalent unit (TEU) from Maersk Copenhagen container ship yesterday, November 9. Doan Hai Tuan, chairman of TC-HICT’s Member Council, said the achievement
Domestic steel demand continues sliding
HCMC – Dampened demand has lingered in the local steel market, leading to output and sales declining in October, according to data recently released by local steelmakers. Hoa Phat Group (HPG), a major Vietnamese steelmaker, saw its raw steel production down 19% year-on-year at 567,000 tons in
Vietnam attends global travel and tourism event in London
HCMC – Twenty large Vietnamese travel and tourism companies projected a new image of the country post pandemic through a variety of products and services at the World Travel Market London 2022 from November 7 to 9, This is the first major global travel and tourism event which Vietnam attended