PouYuen Vietnam provides financial aid for laid-off workers
HCMC – PouYuen Vietnam will provide VND275 billion in financial aid for employees who will be laid off next month. Each laid-off employee will be entitled to an amount equal to 0.8 month of salary for each year of service, and the average allowance for each employee will be VND116 million,
Hoa Binh starts work on 49-kilometer road to boost regional connectivity
HCMC – Hoa Binh Province has broken ground on a 49-kilometer-long road connecting the province with Hanoi City and the Son La expressway, with a total cost of over VND4.1 trillion. The groundbreaking ceremony, held on February 26, was attended by Prime Minister Pham Minh Chinh, the local media
Visa renews partnership with HCMC transport dept
HCMC – Visa, the world’s leader in digital payments, has renewed its memorandum of understanding (MOU) with the HCMC Department of Transport to transform urban mobility across the city. The partnership aims to develop modern public transit systems with open-loop EMV tap-to-ride technology,
Finding opportunities in Vietnam
We have heard the importance of looking within, finding yourself, and being true to what you see. To Vietnamese, while changes can be made at any time, the New Year seems the best time to commit to leading your best life. Echoing the same opinion, Alushka Linh, a young woman from South Africa, has
Chance for market upgrade
Is the fact that foreign investors, especially those ETFs (Exchange Traded Funds) specializing in emerging and frontier markets, have been net buyers since last year a sign that Vietnam’s stock market is approaching an upgrade? Net buying despite market correction Though the local stock market has
What causes interest rates to slide?
Banks’ unexpected deposit rate cuts before and immediately after the Lunar New Year are explainable Unexpected, yet understandable The deposit rate bracket at Techcombank, effective from January 30, has undergone a drastic change, with a drop of 0.5 percentage point to 8.5% per annum for terms of
Limited monetary policy options
As monetary policy tools are nearly exhausted, fiscal policy needs expanding to spur growth as more challenges are on the horizon. Boosting public investment in infrastructure development and funding the economic recovery and development program are seen as key priorities in 2023. Narrower
Vietnam posts US$1.7 billion trade surplus in mid-February
HCMC – Vietnam has seen a trade surplus of US$1.68 billion in the year to February 15, with the surplus of the first half of February alone contributing US$1.1 billion, official data showed. Of the amount, Vietnam’s goods exports in the first half of February amounted to US$13.4 billion, up 49%
FLC shares suspended from trading on UPCoM
HCMC – The Hanoi Stock Exchange (HNX) has announced it will not allow FLC Group to trade its shares on the Unlisted Public Company Market (UPCoM). On March 3, FLC stocks will be listed on the UPCoM market, but it will continue to be suspended from trading, according to the HNX. The company will
Khanh Hoa seeks to extend tourist submarine pilot
HCMC – Local authorities in the coastal province of Khanh Hoa have proposed the Ministry of Transport extend the pilot period of a tourist submarine service in Nha Trang Bay. The province has also suggested that the ministry complete the regulatory framework and conduct the pilot performance
Air services on Ca Mau-Hanoi route to be available in late April
HCMC – Commercial flights between Hanoi City and the Mekong Delta province of Ca Mau will be launched from April 30, with three weekly flights. The government of Ca Mau, the Civil Aviation Authority of Vietnam (CAAV), and local carrier Bamboo Airways yesterday, February 23, reached a consensus to
Ministry proposes steeper excise tax on tobacco, alcohol
HCMC – The Ministry of Finance has proposed slapping higher excise tax on unhealthy products such as cigarettes, beers and alcoholic beverages, and adding sugary drinks to the list as well. The ministry is seeking feedback on the proposal to work out the revised law on excise tax to stimulate
