Associations propose halving car registration fee
HCMC – Associations have proposed the central Government halve the registration fee for locally assembled or manufactured cars during the first half of the year to boost market demand. In a letter sent to Prime Minister Pham Minh Chinh, they also asked for an extension of the deadline to pay the
Vingroup establishes EV rental business
HCMC – Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, yesterday, March 6, announced the establishment of Green-Smart-Mobility JSC (GSM), which will use VinFast electric vehicles and scooters for rental and taxi services. GMS is reportedly the world’s first multi-platform green
Ca Mau-Nam Du-Phu Quoc ferry service to resume this month
HCMC – An express ferry service linking Ca Mau Province and Nam Du and Phu Quoc islands off Kien Giang Province will be re-launched on March 18 to meet the travel demand of tourists after a two-year hiatus induced by the Covid-19 pandemic. Phu Quoc Express JSC, the high-speed ferry service
Vietnamese coffee primarily exported as raw beans
HCMC – Although Vietnam is the world’s second biggest coffee exporter, around 90% of Vietnamese coffee products are mainly exported as raw beans, resulting in low export revenue. “Vietnam’s Robusta coffee has yet to get trademark protection certificates from any country,” Thai Nhu Hiep, vice
Truong Thi Mai picked as permanent member of Party Secretariat
HCMC – The Politburo has chosen Truong Thi Mai as permanent member of the 13th Party Central Committee’s Secretariat, replacing Vo Van Thuong who is now State President of Vietnam. As Politburo member and secretary of the Party Central Committee, Mai is serving as chairwoman of the Party Central
Quang Ninh welcomes nearly 2,000 int’l cruise guests
HCMC – The Malta-flagged passenger cruise ship Mein Schiff 5 arrived in Halong Bay in Quang Ninh Province today, March 6, taking close to 2,000 European visitors, with most of them German, to the World Heritage-listed bay. The tourists are expected to visit popular destinations in Quang Ninh such
FLC to sell stake in Bamboo Airways
HCMC – Vietnamese conglomerate FLC Group plans to sell its stake in local carrier Bamboo Airways as part of its business restructuring plan, said FLC board chairman Le Ba Nguyen at an extraordinary general meeting last weekend. This year, FLC is set to reshape its business strategy, focusing on
Bond issuers allowed to extend coupon payments
HCMC – Debt-issuing organizations can extend coupon payments by up to two years and settle debt by assets, instead of cash, if they secure approval from bondholders, according to a new Government decree. Government Decree 08 was issued on March 5 to revise and supplement some regulations on
Nha Trang receives luxury cruise ship with 333 tourists on board
HCMC – The Bahamas-flagged luxury cruise ship, Silver Muse, arrived at the Nha Trang port in Khanh Hoa Province yesterday, March 5, with 333 international passengers on board. These tourists are mainly from Germany, Canada, Australia, Colombia, Thailand and China, the local media reported. After
Forex rate vs interest rate
Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The correlation between the two variables was specially visible in 2022, with the State Bank of Vietnam (SBV) pivoting around each of them in its
Businesses prudent with financial targets
Gloomy business conditions are expected to continue through 2023, reflected in Vietnamese enterprises setting modest financial targets for the year Planning in caution Though PetroVietnam Ca Mau Fertilizer JSC saw a sharp spike in profit after tax in 2022, up 2.3 times against 2021 to over
Fighting against counterfeits
In early November last year, traders in the Saigon Square shopping center in downtown HCMC tidied up their goods, closed their stores and quickly left the mall when a market surveillance force rushed in. Three months later, the shopping center seemed to return to normal. The Office of the United
