German glass maker SCHOTT protects IP rights in Vietnam
HCMC – SCHOTT AG, a Mainz-based glass manufacturer, has signed a memorandum of understanding with the Vietnam Directorate of Market Surveillance on anti-counterfeiting cooperation and intellectual property (IP) protection in Vietnam. The German company will provide Vietnamese officials with
Vietnam’s exports fall in first half of April
HCMC – Vietnam made only US$13.2 billion in export revenue in the first half of April, down 19.2% compared to the second half of March, according to preliminary data from the General Department of Vietnam Customs. The steep decline in export value was attributed to significant export drops in key
Understaffed auto inspection centers in HCMC see backlogs surging
HCMC – Despite the high demand for their services, the auto inspection centers in HCMC are unable to operate at full capacity due to a critical staffing shortage. Data from the HCMC Department of Transport showed that around 88,000 vehicles needed inspection in April, in addition to automobiles
VND120-trillion package for social housing sees few takers
HCMC – Though things are ready for the rollout of a soft loan package worth VND120 trillion, disbursement has been far slower than expected as there are almost no takers, said banks. They were speaking at a recent conference on bank credit and the implementation of Circular 02/2023. Phung Thi
HCMC to close inner-city streets for Reunification Day celebration
HCMC – Many inner-city streets will be closed to traffic on the evenings of April 28 and 30 to make room for the city’s Reunification Day celebration, said the HCMC Department of Transport. Vehicles will be banned from entering Nguyen Hue Boulevard, the section from Le Loi to Ton Duc Thang
Thai Binh inaugurates 1,200-MW thermal power plant
HCMC – The 1,200-MW Thai Binh II thermal power plant in the northern province of Thai Binh was inaugurated today, April 27, with Prime Minister Pham Minh Chinh attending the ceremony, according to the local media. The power station covers a total area of over 131 hectares in My Loc Commune, Thai
US$2.5 billion poured into VinFast
HCMC – Vietnamese conglomerate Vingroup and Chairman Pham Nhat Vuong have signed a deal to invest US$2.5 billion in electric vehicle manufacturer VinFast next year. Vuong will contribute US$1 billion to VinFast while Vingroup JSC will sponsor US$500 million and also provide VinFast with a loan of
Vietnam approves first traditional Covid-19 medicine
HCMC – Sunkovir is Vietnam’s first traditional medicine for treatment of the coronavirus disease to be licensed for circulation nationwide by the Ministry of Health from April 12 this year. At a seminar, “Effectiveness of traditional medicine products in preventing and treating the Covid-19 and
HCMC proposes piloting EV service for city tours
HCMC – The HCMC Department of Transport has proposed a pilot project to use electric vehicles for city tours. The Saigon Public Transport Company would operate 200 EVs, with each carrying 5 to 14 passengers around the downtown area, if approved. At first, the plan is to operate 70 EVs that can
Land clearance for Long Thanh airport project proposed to be rescheduled
HCMC – The authorities of Dong Nai Province have proposed extending land revocation, compensation and resettlement for households affected by the Long Thanh airport project by more than three years, compared to the previous plan for 2021. The State Appraisal Council has sent a report to the prime
Government proposes issuing land price lists annually
HCMC – The Government has submitted a draft of the amended Land Law to the National Assembly, proposing land price lists be annually issued to closely track market prices. Provincial land price lists are currently issued every five years under the 2013 Land Law to provide a basis for calculating
Trade Ministry backs 50% car registration fee cut
HCMC – The Ministry of Industry and Trade has thrown its weight behind a proposal for a 50% registration fee cut and an extension of special consumption tax payments for domestically made and assembled cars to boost consumption. Deputy Minister of Industry and Trade Phan Thi Thang wrote to the
