HCMC to build new bridge across Saigon River
HCMC – The HCMC Department of Transport has proposed that the municipal People’s Council approve the investment policy for a new bridge across the Saigon River at a council meeting scheduled for next month. The proposed Thu Thiem 4 bridge project, including the approach roads, would begin at the
Director of National Load Dispatch Center suspended
HCMC – Nguyen Duc Ninh has been suspended from his position as the director of the National Load Dispatch Center at Vietnam Electricity Group (EVN) to facilitate an inspection of electricity supply in the country. The decision was made on June 14 by EVN’s general director Tran Dinh Nhan. EVN is a
Vietnam to treat Covid as common disease in late June
HCMC – The Ministry of Health is currently developing a plan to address relevant issues before reclassifying Covid-19 from a Group A infectious disease to a Group B disease by the end of this month. Deputy Minister of Health Nguyen Thi Lien Huong mentioned the plan at a medical communications talk
All board members of Bamboo Airways step down
HCMC – Bamboo Airways has released documents in preparation for the upcoming general meeting of shareholders, confirming that all the five board members of the airline have tendered their resignation. Their resignation will be reviewed by shareholders at the meeting on June 21, during which Bamboo
Gia Nghia-Chon Thanh Expressway to be developed under PPP
HCMC – Gia Nghia-Chon Thanh Expressway, a section of the North-South Expressway project in western Vietnam, will be constructed under the public-private partnership (PPP) format. The feasibility study for the expressway is currently under review by the authorities in Binh Phuoc Province, according
Steel prices in downward spiral
HCMC – Construction steel prices in Vietnam have continued to fall as demand has remained weak. Hoa Phat Group, which holds a 40% share of the nation’s construction steel market, now quotes rebar D10 CB300 at VND14.69 million per ton and rolled steel CB240 at VND14.49 million per ton, both down by
South Korea becomes largest investor in Haiphong
HCMC – South Korea has invested nearly US$10 billion in Haiphong City, making it the largest investor in the port city of northern Vietnam. Le Tien Chau, secretary of the Haiphong City Party Committee, led a delegation to South Korea to attend a trade and investment promotion conference between
Resignation of All Board of Directors of Bamboo Airlines Vietnam
Bamboo Airlines Vietnam plans to replace its board of directors after the resignation of five current directors.
The US, EU, and China suddenly reduced imports; Vietnam's spearhead industry was in trouble
The US, EU, and China - the largest trading partners of Vietnam's seafood industry - suddenly reduced imports of this important staple product due to inflation, tight spending and reduced consumer demand.
Bond issuers struggle with debt repayment
HCMC – Bond issuers are grappling with the burden of heavy debt amidst unfavorable market conditions, leading them to further postpone coupon and principal payments. Several issuing companies have extended their coupon and principal payments since the beginning of June. Dat Xanh Mien Nam
HCMC to host automotive service industry trade fair
HCMC – HCMC is set to host Automechanika HCMC 2023 from June 23 to 25 at the Saigon Exhibition Convention Centre (SECC) in District 7. The event, organized jointly by Messe Frankfurt (HK) Ltd, Chan Chao International Enterprise Group, and Yorkers Exhibition Service Vietnam, will showcase the
Vietnam’s Jan-Jun air passengers up 49.6%
HCMC – Vietnam’s air passenger traffic has soared in the year to date, with Vietnamese airlines carrying 34.7 million passengers, up 49.6% compared to the same period last year. Out of the total passenger count, 14.7 million are international guests, a five-fold surge compared to the previous
