Nearly 1,000 domestic flights a day planned for Lunar New Year
HCMC – Vietnamese air carriers expect to operate 950-990 domestic flights per day before and during the Lunar New Year holiday to meeting the strong spike in air travels, according to the Civil Aviation Authority of Vietnam (CAAV). The number of daily domestic flights will increase by 250-290,
VITAS works out growth scenarios for textile industry in 2023
HCMC – The Vietnam Textile and Apparel Association (VITAS) has forecast two scenarios for Vietnam’s textile and apparel next year. VITAS said that exports of key industries, including textiles, would plunge in early 2023 due to runaway inflation and expectations of global recession, resulting in a
Rice exports to Northern Europe rise sharply
HCMC – Vietnamese rice exports to the North European market surged 73% between 2017 and 2021 annually, backed by the European Union-Vietnam Free Trade Agreement (EVFTA). In 2021, Northern European countries purchased around 5,646 tons of Vietnamese rice worth US$5.51 million, according to the
Tax department launches portal connected with e-commerce platforms
HCMC – The General Department of Taxation has launched an e-Portal connected with domestic e-commerce platforms, which will receive data of business organizations and individuals via e-commerce platforms. Launching an e-commerce information portal aims to ease bureaucratic tax procedures and save
Highway 51 toll collection yet to be discontinued
HCMC – Due to prolonged negotiations over financial matters, toll collection on National Highway 51 will not be suspended from December 17 as earlier proposed by the Department for Roads of Vietnam. After 17 rounds of negotiations, the department and the project’s investor, Bien Hoa – Vung Tau
Assistant to deputy PM expelled from Party
HCMC – Nguyen Van Trinh, assistant to Deputy Prime Minister Vu Duc Dam, has been expelled from the Party due to degradation of morality and lifestyle, bribe taking, and violations of regulations and of the don’ts for Party members. Trinh’s expulsion from the Party came after Party General
Banks agree to slash lending rates
HCMC – Sixteen banks are offering an annual interest rate discount of 0.5-3 percentage points for clients from December 2022 to the end of January in 2023, the Vietnam Bankers’ Association said. The total interest rate reduction amounts to VND3.5 trillion. Yesterday morning, December 15, the
International partners pledge to back Vietnam to achieve Net Zero 2050 goal
HCMC – Vietnam and the International Partners Group (IPG) have agreed a bold Just Energy Transition Partnership (JETP) which will mobilize an initial US$15.5 billion of public and private finance over the next three to five years to support Vietnam to achieve its ambitious Net Zero 2050 goal, said
HCMC seeks to develop waterway tourism along with passenger transport
HCMC – HCMC has the potential to develop passenger transport in combination with waterway tourism, so it is seeking to build appropriate products to exploit this advantage. The city now has 101 waterway routes with a total length of 913 kilometers, which is convenient for developing waterway
PM seeks removal of yellow card on Vietnam’s fishery
HCMC – Prime Minister Pham Minh Chinh has asked the European Union (EU) to remove its yellow card on Vietnam’s seafood exports and approve the European Union-Vietnam Investment Protection Agreement. The request was made while he was attending a summit celebrating the 45th anniversary of the
PM seeks to rescue gloomy real estate sector
HCMC – Prime Minister Pham Minh Chinh yesterday, December 14, wrote to ministries and localities, ordering them to step up efforts to eliminate hurdles facing the real estate market. PM Chinh told the Ministry of Construction and relevant authorities to carry out Decision 1435/QD-TTg issued on
Financial plan for Metro Line No. 1 company gets nod
HCMC – The Ministry of Finance has written to the Prime Minister presenting its plan to increase the charter capital of the HCMC Urban Railway No. 1 One-member Limited Liability Company (HURC1) after receiving a petition made by the HCMC People’s Committee. The ministry has approved the plan to
