National Assembly approves airfare caps
HCMC – The National Assembly has approved maintaining airfare price ceilings in the revised Pricing Law, which was passed yesterday, June 19. With nearly 93% of the deputies present at the NA sitting voting in favor, the revised Pricing Law will come into force on July 1 of this year. Under the
Banks redeem bonds before maturity
HCMC – Many local banks have bought back their bonds before maturity while others have launched new bond issues this month, according to the Thanh Nien news site. VietinBank has recently redeemed VND800 billion worth of bonds which were issued on June 13, 2018 at a face value of VND1 billion each.
Gov’t removes condo ownership time limit from draft law
HCMC – The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister. Speaking at the NA’s sitting today, June 19, Minister of Construction Nguyen Thanh Nghi acknowledged that setting a duration for
Momo and ZaloPay dominate cashless payments in Vietnam
HCMC – MoMo and ZaloPay e-wallets accounted for the highest share of the Vietnamese e-wallet market in the first quarter of this year, with 68% and 53%, respectively, according to a Connected Consumer report. The report also highlighted other popular e-wallets such as ViettelPay, ShopeePay, VNPay,
Vietnam’s first batch of lychees arrives in UK
HCMC – Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16, the Vietnam News Agency reported. This is the fourth Vietnamese specialty fruit to be exported to the UK under the official quota this year after Tan Lac
HCMC begins work on Beltway 3
HCMC – The government of HCMC yesterday began work on the city’s section of Beltway No. 3 which connects HCMC and three neighboring provinces – Dong Nai, Binh Duong and Long An. The road has a total length of 76.3km, with 47.35km in HCMC, 11.26km in Dong Nai, 10.76km in Binh Duong, and 6.81km in
VND6.5 trillion for upgrade of coastal road in Ba Ria-Vung Tau
HCMC – A coastal road connecting Ba Ria-Vung Tau Province and Binh Thuan Province will be upgraded and widened at a total cost of over VND6.5 trillion. The southern province of Ba Ria-Vung Tau on June 17 started the upgrade of the 77-kilometer-long coastal road, connecting all coastal districts
Thanh Hoa, Vietnam: Expanding seedless lychee growing area for export
The first cargo of 1.1 tons of seedless lychee from Thanh Hoa, according to Mr. Cao Van Cuong, Director of Thanh Hoa Department of Agriculture and Rural Development, was recently sent to Japan and the UK.
Bright spots amid the gloom
Despite weak global consumer demand, many foreign buyers are still looking to Vietnam for sourcing goods and business cooperation. This is crucial for manufacturers and exporters in Vietnam to seize this opportunity to retain existing buyers and attract new customers. Promising opportunities ahead
Green lending needs mechanism
The greatest challenge for helping enterprises in Vietnam achieve sustainable development and the net zero target by 2050 is to adopt a suitable policy to attract more green loans Green loans trickle in In 2022, the green, social, and sustainability loan market in ASEAN declined by 32% compared to
Make a difference
Looking for a niche market and building a sandbox with breakthrough policies can be a pathway to help gradually turn HCMC into an international financial center capable of supplying cross-border financial services. This, however, is a long-term vision, while in the near term, it is important to
The continued downturn
Industrial production decline, import-export slump, and negative indicators from the purchasing managers index (PMI) are pointing to a prolonged economic slowdown in the second half of 2023. Negative signs A report by the General Statistics Office (GSO) indicates a decline in industrial
