Vietnam-China trade surpasses US$11 billion in Jan
HCMC – The first month of 2023 saw two-way trade between Vietnam and neighboring China reaching US$11.1 billion, General Department of Vietnam Customs data showed. Vietnam last month exported US$3.87 billion worth of products to China while importing goods valued at US$7.23 billion from the
Ha Giang weighs mixed-use airport project
HCMC – The northern upland province of Ha Giang is working on a plan to build an airport which will serve both military and civil purposes, said a local official. A planning consulting firm in the province suggested building the airport for civil and military uses on 500 hectares of land, which
Vietnam steps up IUU fishing fight
HCMC – Vietnam is intensifying the fight against illegal, unreported and unregulated (IUU) fishing practices just ahead of the fourth Vietnam visit by European Commission (EC) inspectors. Deputy Prime Minister Tran Luu Quang has signed a decision providing guidelines for combatting IUU fishing,
PM wants Rach Mieu 2 Bridge completed ahead of schedule
HCMC – Prime Minister Pham Minh Chinh has urged the relevant authorities to expedite site clearance to shorten the construction of Rach Mieu 2 Bridge by six months. During his visit to the Rach Mieu 2 Bridge construction site in Chau Thanh District, Ben Tre Province, this morning, February 15,
Hoa Binh’s leadership struggle comes to an end
HCMC – The struggle for the seat of board chairman of Hoa Binh Construction Group since late last year has begun showing signs of ending as one of two individuals involved has left, reported the local media. Hoa Binh has announced a resolution of its board approving the resignation of Nguyen Cong
EVN borrows VND2.4 trillion for Ialy hydropower plant expansion
HCMC – The Vietnam Electricity Group (EVN) and the Vietnam Bank of Agriculture and Rural Development (Agribank) have signed a credit agreement worth VND2.4 trillion to develop the Ialy hydropower plant expansion project. The 14-year-term loan accounts for nearly 38% of the project’s total
Ninh Thuan to build road linking seaport and Central Highlands
HCMC – Ninh Thuan Province will spend VND2.1 trillion developing a road connecting the Ca Na seaport complex with the Central Highlands region. The project was passed by the provincial People’s Council yesterday, February 14, the local media reported. Work on the 41-kilometer-long road will begin
Tan Phu-Bao Loc Expy project’s feasibility study done
HCMC – The Deo Ca Group Joint Stock Company has submitted the feasibility study for the Tan Phu-Bao Loc expressway project to Lam Dong Province. The road would be built under the public-private partnership format, connecting Bao Loc City in the Central Highlands province of Lam Dong to Tan Phu
VND110-trillion social housing credit package proposed
HCMC – The Ministry of Construction has proposed a social housing stimulus package worth VND110 trillion to house tenants, buyers and developers. The ministry has yet to give details on the allocation of the package, but it said the package should be similar to the VND30-trillion credit package
More bond issuers face debt repayment woes
HCMC – Many bond issuing companies are having difficulty settling debt as poor business conditions, tough access to credit and difficulties in raising funds from the stock market have heavily affected their cash flows. Hung Thinh Incons JSC called for a delay in paying principal and interest for a
HCMC plans to take back Saigon Silicon City investment certificate
HCMC – The government of HCMC is preparing paperwork to withdraw an investment certificate from the Saigon Silicon City project within this year due to the project’s long delays, said a city official. It is inappropriate to have a project like this lagging behind schedule while many other projects
Real estate sector still struggles
HCMC – The ongoing credit crunch and the Government’s restrictions on corporate bond sales have put an additional strain on the debt-ridden real estate sector. Savills Vietnam’s survey pointed out that homebuyers must apply for a mortgage worth around 50% to 80% of the total value of a mid-end
