PM wants cryptocurrency use regulated
HCMC – Prime Minister Pham Minh Chinh has urged ministries and agencies to regulate cryptocurrency-based transactions due to potential legal risks. According to the prime minister, although the country has no specific requirements on the use of cryptocurrencies, many transactions have been carried
Sugar imports from five Southeast Asian countries plunge
CAN THO – Sugar imports from Cambodia, Indonesia, Laos, Malaysia and Myanmar have declined since Vietnam took measures against trade remedy circumvention. On August 1, the Ministry of Industry and Trade issued Decision 1514/QD-BCT imposing measures against trade remedy circumvention of the sugar
Budget housing still in short supply
HCMC – The real estate market remained unstable in January-September this year, with social housing and low-cost commercial apartments still in short supply, according to the Ministry of Construction. While there were no new housing projects approved in the third quarter of the year, only 12% of
Deputy PM checks public investment disbursement at tourism ministry
HCMC – A working delegation led by Deputy Prime Minister Vu Duc Dam on October 25 conducted an on-site check on the progress of the National Library of Vietnam upgrade project and inspected the 2022 public investment disbursement at the Ministry of Culture, Sports and Tourism. The deputy prime
SGT to sell 74 million shares to current shareholders
HCMC – Saigon Telecommunication and Technologies Corporation, whose shares are traded on the Hochiminh Stock Exchange under the code SGT, has passed a plan to sell a maximum of 74 million shares to its existing shareholders to raise its charter capital. For each share held, shareholders can buy
Planning to ‘hunt clouds’ in Ta Xua at a cost of only about 50$/person
Normally going to Ta Xua at least will take us about 2 days and 1 night to be able to make a complete trip. Therefore, this [...]
Xoi Xeo – An idyllic but attractive breakfast gift in Hanoi, especially when the monsoon comes
The image of baskets on the sidewalk with colorful legs is familiar to Hanoians. A basket of sticky rice with all kinds of Xeo, peanuts, black [...]
Exports of Vietnam’s key items slump in September
HCMC – September saw a drastic decline in Vietnam’s exports of several key items, according to data from the General Administration of Vietnam Customs. Among the most affected were garments and textiles, whose exports in September dropped 31.9% over the previous month at US$2.72 billion. Millwork
Binh Phuoc’s 34 infrastructure projects require VND16.6 trillion
HCMC – The southern province of Binh Phuoc will need roughly VND16.6 trillion to implement 34 traffic infrastructure projects by 2025 to upgrade its transportation system, according to a scheme recently passed by the province’s chairman, Tran Hue Tien. The province underlined the need to develop
Loc Troi gets US$100 million loan to produce quality rice
HCMC – Loc Troi Group, or LTG, has signed a syndicated credit agreement with seven local and foreign banks with a credit line of up to US$100 million, helping supplement its working capital for investment in high-quality rice production. The syndicated loan will be executed in three years and
Switzerland eyes stronger economic cooperation with HCMC
HCMC – Switzerland is aiming to strengthen economic cooperation with HCMC in the coming time, heard a meeting between Secretary of the HCMC Party Committee Nguyen Van Nen and the consul general of Switzerland in HCMC on October 25. Speaking at the meeting, Consul General of Switzerland in HCMC
Can Gio int’l container terminal planned to supplement Cai Mep-Thi Vai
HCMC – A port project in HCMC’s outlying district of Can Gio will serve international shipping and transit demand, enhancing the operational effectiveness of the Cai Mep-Thi Vai port, according to Phan Van Mai, chairman of HCMC. Mai stated that the Can Gio international container terminal project