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
Binh Duong to develop 18,000 social homes in 2023
HCMC – The southern province of Binh Duong has approved a housing development plan for 2023, setting a target of building 18,000 social homes for workers this year, the local media reported. The province aims to continue improving its housing quality and serve the housing demand of residents,
Labor market bounces back
HCMC – Vietnam’s labor market has improved, sending goods news to workers being laid off in the final quarter of last year due to a shortfall of new orders faced by their companies. The Hanoi Center for Employment Services, in cooperation with job centers in six neighboring provinces, will hold
VNA to resume more air services to China
HCMC – Vietnam Airlines (VNA) will reopen international services on five more routes linking Vietnam and neighboring China in the next two months, raising the total number of Vietnam-China routes operated by the airline to nine, just one less than the pre-pandemic level. The national flag carrier
Two broken undersea cables linked to Vietnam to be fixed
HCMC – Two among four broken undersea cables linked to Vietnam are scheduled to be fixed in March and April this year, reported the local media. A plan to fix Asia Pacific Gateway (APG) and Intra Asia (IA) undersea cable networks has been announced, according to a representative of an internet
Interbank interest rates surge
HCMC – Interbank interest rates surged last week as the State Bank of Vietnam (SBV), the country’s central bank, shifted from net cash injections to withdrawals from the banking system. February 2 saw the interbank rate for the 9-month term jumping to 13% per annum from the previous 9.61%, but the
Transport Ministry gets extra VND31 trillion for public investment
HCMC – The Government has allocated an extra VND31.4 trillion to the Ministry of Transport to fund key traffic infrastructure projects in the country. The allocation of additional capital, approved by Deputy Prime Minister Le Minh Khai yesterday, February 7, will be set for the ministry’s five
Time for customs clearance to be cut by 10% from this year
HCMC – The General Department of Vietnam Customs has set administrative reform targets to simplify customs procedures, including reducing the time for customs clearance and goods release by 10%, reducing the number of batches required for sampling for analysis and assessment by 20%, and applying
Bringing Vietnam-Japan ties to a higher level
When it comes to Japan, many people might think of a world-leading creator of advanced high-tech equipment. However, the country of the rising sun is famous for agricultural, fishery, and food products which are being promoted to export to many countries, including Vietnam. In an interview with
Vietnam’s rice prices soar to two-year highs
HCMC – Export prices of Vietnamese rice have surged to two-year highs, offering a bright prospect for the country’s rice export sector this year. The export price of 5% broken rice on February 5 was US$473 per ton, up US$15 per ton month-on-month, while the country’s 25% broken rice increased to
Over VND100,000 billion in taxes proposed for extension
HCMC – The Ministry of Finance is seeking feedback on a draft Government decree on the rescheduling of payments of value added tax (VAT), corporate income tax (CIT) and land rent amounting to over VND100,000 billion. The draft decree, which was prepared by the ministry, proposes granting a
Over 80% of real estate bonds have low creditworthiness: FiinRatings
HCMC – Over 80% of real estate bonds have been issued by unlisted firms that are financially weak and have low transparency, said the credit rating agency FiinRatings. They may financially leverage further in 2023, causing default risk to grow at alarming rates, FiinRatings said in its latest
