Two provinces ordered to provide documents on Covid repatriation flights
HCMC – Investigators at the Ministry of Public Security have written to Thanh Hoa and Quang Nam provinces asking for documents and information about their repatriation flights during the Covid pandemic for an expanded investigation. The governments of the two provinces were told to review the
A forex policy that can work
It is probably high time for Vietnam to embrace a more flexible forex policy, possibly a measured floating scheme similar to the approach taken by regional countries in the aftermath of the 1997-1998 financial crisis. Current forex policy In the past, reality in Vietnam showed that the currency
Risks still abound
Corporate bond market risks are emerging as warned by authorities. Tan Hoang Minh Group and Van Thinh Phat Holdings Group Corporation are among the cases in point. Bond redemptions urged The price of shares of VKC Holdings Joint Stock Company (VKC), formerly known as Vinh Khanh Cable Plastic
Gasoline queues
Stabilizing the commodity market and consumer sentiment is of paramount importance to growth and consumption. The recent past saw long queues of people at gas stations as supply fell short, which triggered worries about fuel market chaos. The phenomenon, however, offers an insight into
UN Secretary-General says to back Vietnam’s development priorities
HCMC – United Nations Secretary-General António Guterres has said the UN and he himself would pay attention to and support Vietnam’s development priorities and give Vietnam policy advice on a green, sustainable and resilient recovery post pandemic. He was speaking at a meeting with Prime Minister
HCMC suspends helicopter tours
HCMC – The HCMC Department of Tourism announced temporarily suspending the 40-minute city helicopter tour due to a lack of heliports. According to travel firms, tour operators have had difficulty landing copters at the planned locations, namely the 175 Military Hospital and the Tan Son Nhat
Government to borrow over VND644 trillion in 2023
HCMC – The Government plans to borrow a total of VND644 trillion next year, around VND27 trillion higher than this year, according to a report to the National Assembly on public debt in 2022 and 2023. The capital will be mobilized from different sources, including government bonds, official
Saigon River Tunnel partially closed for three nights for fire safety test
HCMC – The HCMC Department of Transport has announced the temporary closure of the Saigon River Tunnel for three nights to test the automatic fire safety system. According to the authorities, the tunnel will be closed from 11 p.m. on October 22 to 4 a.m. on October 23 for vehicles traveling from
Thu Duc City to resume construction of four bridges in 2023
HCMC – Thu Duc City authorities expect to complete compensation and site clearance for the four under-construction bridges by the end of 2022, enabling work on the projects to restart early next year. The information was given by Hoang Tung, chairman of the Thu Duc City government, during a
Railway sector falls far below target
HCMC – Most targets set for the railway sector have not been realized, hampering the development of the railway industry for 2020 with a vision to 2030, according to a report submitted to the National Assembly by the Government. As part of the overall planning scheme, seven major lines are to be
Fuel prices rise again
HCMC – The Ministries of Finance and Industry-Trade decided to revise up fuel prices from 3 p.m. today, October 21, the second increase after four straight cuts. RON 95-III gasoline increased by some VND340 to VND22,347 per liter and E5 RON 92 bio-gasoline rose VND200 to VND21,492 per liter.
Two firms investigated for late fuel price stabilization fund transfers
HCMC – The Ministry of Public Security has launched a probe into two fuel firms for their delays in transferring a combined VND24 billion to the fuel price stabilization fund. The Ministry of Industry and Trade today, October 21, said that upon receipt of documents from the ministry, the police
