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
VNA adds Vietnam-India flights
HCMC – Vietnam Airlines (VNA) will raise the number of flights linking Vietnam and India by 30% starting from March 26 to satisfy the rising demand for passenger and cargo transport between the two nations. According to its flight increase plan, the national flag carrier will operate four weekly
New bridge to be built across Red River
HCMC – Hanoi City will build an eight-lane bridge across the Red River to connect the districts of Bac Tu Liem and Dong Anh. The Hanoi City People’s Committee has approved the investment policy for Thuong Cat Bridge and 5.2 kilometers of connecting road from both sides of the bridge. Thuong Cat
PM gives green light to two expy projects
HCMC – Prime Minister Pham Minh Chinh has approved the Ministry of Transport’s proposal to allow local authorities to develop an expressway in northern Vietnam and another in the southeastern region. The expressway in northern Vietnam would run through Ninh Binh, Nam Dinh and Thai Binh provinces,
HCMC urges capital allocation for cash-strapped Metro Line No. 1 company
HCMC – The government of HCMC has requested the Ministry of Justice to help with the procedure to allocate capital for the cash-strapped HCMC Urban Railway No. 1 Company Limited (HURC1), which will operate Metro Line No. 1. According to the HCMC People’s Committee, the capital allocation is
Japan provides US$1.38-million aid to Vietnam
HCMC – The Japanese government has provided about US$1.38 million to nine healthcare, education, transportation and environmental development projects in Vietnam. The grant is aimed at benefiting locals at the grassroots level in Vietnam, according to Japanese Ambassador to Vietnam Yamada Takio.
How to rescue corporate bonds
Many enterprises, especially real estate ones, are now under huge pressure to settle bonds upon maturity, including bond interest, which stems from a lack of oversight in the recent overheated growth of the capital market. To douse the fire on the bond market, all eyes are on the draft amendments
Real estate bonds cause real headache
Let the creditors cleanse the real estate market. They know better than all others how to deal with their money. Background In 2023, there will be some VND130 trillion worth of real estate bonds reaching maturity. Now that the property market’s liquidity has tumbled, and many projects have ground
Inbound tourism requires quick response
Many people believe that Vietnam’s tourism industry should make further efforts to draw international tourists from markets such as India, Australia and Southeast Asia. As predicted, the process of welcoming back tourists from the Chinese market, which accounted for 30% of total international
Revitalizing tourism
Danang’s tourism industry did well in 2019, with 8.6 million visitors, including 3.5 million foreigners, VND30,973 billion in revenue and 35 international flight routes. After three years of an unexpected suspension, the tourism sector of the central coastal city is looking for a second boom.
Is it time to tighten bancassurance?
Making the sale of insurance transparent and managing the quality of consulting during this process are the key to ensuring the long-term sustainable development of bancassurance—the distribution of insurance products via banks. A “gold mine” called insurance 2022 was another “bumper” year for
Foreign reserves rise again
Vietnam’s foreign exchange reserves are being replenished. Signs foreseen The State Bank of Vietnam (SBV) has been buying foreign currency since January, acquiring an extra US$2.78 billion last month, raising the nation’s foreign exchange reserves to US$91.78 billion, as per an analytical report
