Renewable energy investors concerned about electricity pricing mechanism
HCMC – Investors of transitional solar and wind power plants have written to the prime minister expressing concerns that the electricity pricing mechanism would cause possible disruptions of their financial plans. Due to the severe impact of Covid-19, 84 renewable energy projects with a total
Defense Ministry’s help sought to deal with vehicle inspection overloads
HCMC – The Ministry of Transport has asked the Ministry of National Defense for help to cope with excessive workloads at automobile registration and inspection centers, especially those in Hanoi and HCMC. The Ministry of Transport proposed the vehicle registration and inspection facilities under
Vinh Hao-Phan Thiet expy project behind schedule
HCMC – The Ministry of Transport has agreed to reschedule the completion date of the Vinh Hao-Phan Thiet expressway project, which will run through Binh Thuan Province, to June 30 this year, two months later than previously planned. The ministry’s Project Management Unit 7, the project’s investor,
Vietnam’s central bank cuts interest rates
HCMC – The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with effect from tomorrow, March 15. Under the SBV’s Decision 313/QD-NHNN, the rediscount rate will be down from 4.5% to 3.5% per year. For overnight loans in interbank
Military to hand over land to airport terminal by end-March
HCMC – The Ministry of Defense has said it will complete the handover of military land to HCMC prior to March 31 for building Passenger Terminal T3 and connecting roads at the Tan Son Nhat International Airport. The HCMC People’s Committee, the Ministry of Defense and relevant agencies conducted a
Over 410km of North-South expy to be completed this year
HCMC – Seven components of the Eastern North-South expressway project in the 2017-2020 period, with a total length of 411.6 kilometers, will be opened to traffic this year. The Ministry of Transport has urged relevant units to speed up work and complete the seven subprojects this year. They are
HCMC orders speedier public investment disbursement
HCMC – HCMC Chairman Phan Van Mai has issued an urgent dispatch urging municipal departments and agencies to speed up the disbursement of public investment capital as the city’s disbursement rate has reached a mere 0.52% of the total planned for all of 2023 by the prime minister. As of February
Hanoi pushes back metro line’s operation
HANOI – The operation of the Nhon-Hanoi Station metro line on the elevated section has been pushed back to August this year, instead of end-2022 as earlier planned. This was the fourth time Hanoi City had rescheduled the operation of this urban railway. Hanoi was seeking the prime minister’s
HCMC hikes coefficients for land prices
HCMC – The HCMC government has raised the coefficients for land prices applicable to the compensation and resettlement plans in the city this year, with effect from this Saturday, March 18. The highest coefficient is set at 25 for residential land and 38 for agricultural land. The coefficients for
Tra fish export fall forecast to extend
HCMC – Vietcombank Securities Company (VCBS) has forecast that Vietnam’s tra fish exports will continue to spiral down until the end of the first half of the year. The country has seen a fall in tra fish exports by both value and volume since November last year, according to the Vietnam
VND120 trillion credit package for social housing to be rolled out
HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for the poor and workers, and renovating or re-building aging apartment blocks. The SBV, the country’s central bank, was tasked with directing commercial
Local fuel prices inch up
HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per
