Southeastern provinces attract over US$10 billion in new investments
HCMC – Southeastern provinces have attracted more than US$10 billion and VND5 trillion from 20 investment projects in fields such as oil refining, electronics, industrial park infrastructure, tourism and urban development. Prime Minister Pham Minh Chinh witnessed the presentation of investment
Groundwater exploitation threatens HCMC
HCMC – HCMC is making effort to reduce groundwater exploitation to 100,000 cubic meters per day to combat land subsidence, the HCMC Department of Natural Resources and Environment said. In its report on the master plan for clean water supply and ending the exploitation of underground water by
More agri products to enter foreign markets
HCMC – Vietnam’s agricultural sector is expected to grow strongly thanks to several agricultural products receiving green clearance to enter major international markets. On November 24, the first lot of 5,400 Tan Lac red-flesh grapefruits from the northern mountainous province of Hoa Binh was
Tran De port set to become gateway seaport to Mekong Delta
HCMC – Tran De port in Soc Trang Province is set to become a gateway seaport to the Mekong Delta, according to the master plan for development of Vietnam’s seaport system in 2021-2030 with a vision to 2050, as approved by the prime minister. As per the master plan, the offshore areas of Tran De […]
Highway 51 toll collection suspension proposed for next month
HCMC – The Department for Roads of Vietnam has proposed the Ministry of Transport suspend National Highway 51 toll collection from December 17 this year. National Highway 51 has high traffic volumes as it connects HCMC and its two neighboring provinces, Dong Nai and Ba Ria-Vung Tau, which are home
VinFast starts delivering 999 electric cars to U.S. buyers
HCMC – Vietnamese automaker VinFast has begun shipping 999 VF8 electric cars to the U.S. for delivery to buyers. The company held a ceremony at MPC Port in the northern port city of Haiphong this morning, November 25 to mark the delivery. The electric vehicles are being transported to the U.S. by
HCMC to strengthen ties with Mekong Delta provinces
HCMC – Tran Thanh Man, standing vice chairman of the National Assembly, has said that promoting cooperation between provinces and cities to ensure sustainable growth would help foster regional development post pandemic. He was speaking at the Mekong Connect 2022 conference held in Can Tho City on
Sembcorp to break ground for first ready-built warehouse in central Vietnam
HCMC – Sembcorp Industries is set to break ground for the construction of Sembcorp Logistics Park in Quang Ngai Province, the first modern ready-built warehouse in central Vietnam, on December 2. Located at the Vietnam Singapore Industrial Park in Quang Ngai Province (VSIP Quang Ngai), Sembcorp
HCMC’s 2023 economic growth forecast at over 7%
HCMC – The HCMC Institute for Development Studies (HIDS) has envisioned three scenarios for the city’s 2023 economic growth, with all projected at 7% or higher despite economic uncertainties likely to continue into next year. In the first scenario, in which China’s zero-Covid policy and real
Upbeat outlook forecast for Vietnam’s M&A market
HCMC – Investors could hope for an uplift in Vietnam’s mergers and acquisitions (M&A) market, which is showing signs of growth, especially when tight capital market conditions have forced many enterprises to undergo restructuring, sell part of their assets and call on additional investments.
Ministry proposes extending deadlines for Ben Luc-Long Thanh expy
HCMC – The Ministry of Transport is seeking permission from the prime minister to again extend the deadline for the Ben Luc–Long Thanh Expressway project until late September 2025 due to a budget shortfall. This marked the second time the ministry asked for an extension for the project. In a
Air passenger traffic soars in November
HCMC – Some 8.7 million passengers have passed through Vietnam’s airports in November, increasing by 7% over October, according to the Civil Aviation Authority of Vietnam. In comparison with the same month last year, when travel restrictions were in place, air passenger traffic this month has shot
