Landslides worsen in Mekong Delta
Landslides are getting worse in the Mekong Delta in both scale and frequency. What do we need to do to minimize the negative impacts of landslides in the region? In less than 10 years, landslides have cut off over 200 meters of sea dikes in the direction from the shore to the sea in Phu […]
AIC former chairwoman faces jail term of 30 years
HCMC – The Hanoi People’s Procuracy on December 24 proposed sentencing Nguyen Thi Thanh Nhan, former chairwoman of Advanced International JSC (AIC), to 30 years behind bars for her alleged violations in a scandal of bribery and bidding at the Dong Nai General Hospital project and AIC. At the
Reaching out to foreign lenders
While access to capital remains a headache for local enterprises as they struggle to take out bank loans or get funding from the securities market, foreign capital has become a savior, helping cash-strapped companies maintain operations and recover in the coming years The An Gia Real Estate
Opportunities in volatile market
In addition to a short-term swing trading strategy, investment funds and foreign investors have been building up their stakes in underrated companies while looking for opportunities to strike a deal on mergers and acquisitions (M&A) with those businesses said to have high growth potentials
Wind farms cease operations due to northeast monsoon
HCMC – The current power capacity of wind farms has exceeded the safety level due to the northeast monsoon, leading to their stoppage, according to the National Load Dispatch Center. This year’s northeast monsoon packed with gusts has struck Vietnam late, directly impacting the wind farms in the
Over 220,000 foreign passengers to Kien Giang in 2022
HCMC – Kien Giang Province in the Delta Mekong has served 7.5 million visitors in 2022, up 142% over 2021, with roughly 223,135 foreigners. The total revenue from tourism hit VND10,585 billion, soaring by 230.9% year-on-year, according to the Kien Giang Tourism Department. In 2023, local
Over US$8 billion spent on fuel imports from Jan-Nov
HCMC – Vietnam spent around US$8.12 billion importing 7.89 million tons of fuel between January and November, up 23.9% in volume and 119.6% in value versus the year-ago period, according to the General Department of Vietnam Customs. Among those, the country imported 4.27 million tons of diesel
Work on all 12 North-South expy subprojects to start on Jan 1
HCMC – All 12 subprojects under the 723.7-kilometer North-South expressway project’s second phase will get off the ground concurrently on January 1, 2023. The Ministry of Transport has signed a decision opening the Cam Lo-La Son expressway to traffic and holding a groundbreaking ceremony for the
Hanoi welcomes 18.7 million passengers in 2022
HCMC – There have been 18.7 million visitors to Hanoi in 2022, a 4.7-fold rise from 2021, with one million and a half being international visitors. The tourism revenue exceeded VND60,000 billion, representing a 5.3-fold increase year-on-year, according to the Hanoi Department of Tourism. In 2023,
Christmas is coming to town
These days in HCMC, a festive atmosphere can be seen on the streets. The weather has turned cool in the early morning and late afternoon, marking the arrival of Christmas. Young people can be seen wearing cute winter outfits, while families get together at shopping malls. They all try to shoot the
HOREA proposes interest subsidy incentive for homebuyers
HCMC – Prices of many commercial housing units have plunged 50% to around VND2 billion each. However, they remain unsalable due to buyers’ hesitation in taking out mortgages amid high lending rates. Therefore, the HCMC Real Estate Association (HoREA) has written to the prime minister and the
Samsung inaugurates largest Southeast Asia R&D center in Vietnam
HCMC – Samsung Electronics held an official opening ceremony for its largest Southeast Asia research and development center in Hanoi this morning, December 23, reported the local media. This new R&D Center in Hanoi spans around 11,603 square meters of land, requiring an investment of US$220
