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
Japanese businesses keen on Mekong Delta
HCMC – Many Japanese businesses are seeking to launch operations in the Mekong Delta, with Vinh Long Province as a destination of priority, according to the Japan External Trade Organization (JETRO). The preference for Vinh Long is in response to growing construction costs and a scarcity of
Construction Ministry wants target for social homes reduced
HCMC – The Ministry of Construction has proposed the prime minister lower the target of building social homes for workers and low-income people to just over one million in 2021-2030. The budget for the plan would also be cut by VND280.5 trillion. The proposal received approval from most
HCMC finds jobs for PouYuen’s laid-off employees
HCMC – The local authority has contacted 15 different businesses to find jobs for some 2,500 workers about to be laid off by PouYuen Vietnam this month, according to the HCMC Department of Labor, Invalids and Social Affairs. Some 15 businesses are prepared to offer around 3,200 similar jobs for
Kien Giang proposes investing VND25,643 billion in Ha Tien – Rach Gia Expy
HCMC – The Mekong Delta province of Kien Giang has written to the Government seeking approval for its Ha Tien-Rach Gia expressway project proposal. The proposed expressway, with the starting point intersecting with National Highway 80 and the endpoint connecting with Lo Te–Rach Soi expressway,
UK backs HCMC to become regional financial hub
HCMC – The United Kingdom (UK) Government has appointed TheCityUK, a financial and related professional services body, to support the HCMC authorities to develop the southern city into a regional financial and business center. TheCityUK will work with the UK Government and the British Embassy in
VND6.3 trillion to be disbursed for North-South expy this month
HCMC – The Ministry of Transport has announced it would disburse nearly VND6.3 trillion of public investment capital for the North-South Expressway project this month. The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023.
Taiwan auto parts maker to set up shop in Hai Duong
HCMC – Taiwan’s NeoSCM Limited has plans to invest some US$44-55 million into a facility producing car brake discs in the northern province of Hai Duong. The 8-hectare factory will be built in An Phat Industrial Park No. 1 in Nam Sach District, with annual output of four million products for
HCMC starts rehabilitation of polluted canal
HCMC – Work began this morning, February 23, on a VND8.2-trillion project to rehabilitate the heavily polluted Tham Luong-Ben Cat-Nuoc Len Canal, according to the local media. The 33-kilometer Tam Luong-Ben Cat-Nuoc Len Canal will be dredged. It will also have concrete embankments, roads measuring
Vietnam to export 7 million tons of rice this year
HCMC – Vietnam’s rice export activity has shown positive signs early this year, with 6.5-7 million tons of rice forecast to be exported in all of 2023. The forecast was made during a trade conference held by the Ministry of Industry and Trade in HCMC on February 21. At the conference, the
Air passengers soar over 90% in Jan-Feb
HCMC – Vietnam’s aviation sector has recovered robustly, achieving a high growth rate compared to the pre-pandemic year of 2019. In a report the Civil Aviation Authority of Vietnam (CAAV) sent to the Ministry of Transport on air transportation so far this year, the number of flights and air
Charges filed against former Haiphong police chief
HCMC – Do Huu Ca, former director of the Haiphong City Police Department, has been charged with asset misappropriation fraud. The 65-year-old was detained on February 18 for his alleged involvement in tax evasion and illegal trading of invoices that happened in Haiphong City and neighboring Quang
