Becamex IDC, Sembcorp clinch deal to develop sustainable IPs in Vietnam
HCMC – Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp Development Ltd today, February 10, signed a Memorandum of Understanding (MOU) to jointly establish five sustainable industrial parks (IP) in Vietnam in the next three years, with a total investment of US$1 billion. The signing
Vietnam, Singapore eye stronger cooperation
HCMC – Prime Minister Pham Minh Chinh, during his official visit to Singapore, met with President Halimah Yacob and Prime Minister Lee Hsien Loong to discuss areas of mutual interest such as economy, security, defense, education, human resource development, tourism needs stimulation and
Derivatives trade plummets in January
HCMC – The derivatives market remained gloomy in January, with the VN30 index futures contract trading volume and value slipping. Though the VN30 index registered 1,125.07 points in January, up 11.3% against December 2022, the average trading value of the VN30 index futures slid nearly 34% over
Vietnam’s exports to Americas exceed US$8 billion in January
HCMC – Vietnam exported goods worth US$8.21 billion to the Americas and spent US$1.64 billion on imports from this market in January this year, resulting in a trade surplus of around US$6.56 billion, according to the Ministry of Industry and Trade. The U.S. remained Vietnam’s biggest trade partner
Police search Vietnam Register branch offices in Vung Tau, HCMC
HCMC – The HCMC police today, February 9, searched a branch office of Vietnam Register in Vung Tau City and another in HCMC over their suspected violations of auto inspection and registration regulations. The HCMC police coordinated with local forces to cordon off Branch Office No. 9 on Xo Viet
Novaland suggests debt extension for property firms
HCMC – Major property developer Novaland has asked the central bank to enable debt restructuring and extension from 24 to 36 months for property firms. The proposal was made by Do Thi Phuong Nam, director for corporate restructuring at Novaland, during a meeting between the State Bank, lender
Mekong Delta works on two major traffic infrastructure projects
HCMC – The Mekong Delta will be carrying out two major traffic infrastructure projects this year, thus improving connectivity in the region. Can Tho City will soon approve the feasibility study for a Chau Doc-Can Tho-Soc Trang expressway section that will pass through the city. Work on the section
Mekong Delta provinces told to supply sand to expy project
HCMC – Three Mekong Delta provinces, Vinh Long, Dong Thap and Long An, have been asked to ensure the supply of 19 million cubic meters of sand for two sections of the North-South Expressway project. The Ministry of Transport has sent this request to the three provinces as the shortage of sand is
Vietnam’s PM begins two-nation tour in SE Asia
HCMC – Prime Minister Pham Minh Chinh and his spouse left Hanoi this afternoon for a four-day Southeast Asia tour that takes in Singapore and Brunei to strengthen ties between Vietnam and the two countries. His official visits are made at the invitations of Singaporean Prime Minister Lee Hsien
Many Japanese firms in Vietnam plan expansion
HCMC – Many Japanese companies active in Vietnam are planning to expand their operations, heard a recent meeting between the Ministry of Planning and Investment and the Japan External Trade Organization (JETRO). For their plans in the next one to two years, 60% of Japanese firms will expand in
HoREA asks SBV to help struggling real estate sector
HCMC – The HCMC Real Estate Association (HoREA) has asked the State Bank of Vietnam (SBV) to allow credit restructuring to help real estate firms out of the financial crunch. The association wrote to the SBV, the central bank of the nation, just ahead of a meeting today, February 8, between the
Vietravel Airlines wants to increase capital nearly sixfold
HCMC – Vietravel Airlines has proposed the Government considering a roadmap to increase its investment capital from VND1,300 billion to VND7,642 billion by 2025. After more than two years of operation, Vietravel Airlines has three Airbus A321 aircraft, with a total investment capital of VND1,300
