Work begins on Chau Doc-Can Tho-Soc Trang Expressway
HCMC – Three Mekong Delta provinces and Can Tho City held simultaneous groundbreaking ceremonies for four components of the Chau Doc-Can Tho-Soc Trang Expressway this morning, June 17. The ceremony for the expressway section in Chau Doc City, An Giang Province, was attended by Prime Minister Pham
Government urges swift resolution to electricity shortage in June
HCMC – The Government Office has released documents highlighting the outcomes of the meeting on measures for maintaining macroeconomic stability, with a strong focus on the urgent need to completely address the electricity shortage in June 2023. The Government Standing Committee has instructed the
Central bank lowers interest rate caps
HCMC – The State Bank of Vietnam (SBV), the country’s central bank, has once again lowered the maximum deposit interest rate for tenors below six months, the second reduction within nearly a month. Effective from June 19, the new cap for deposits of six months or shorter will be lowered by 0.25
Wind farm project in HCMC proposed for inclusion in national power plan
HCMC – The HCMC Department of Industry and Trade has thrown its support behind a proposal for including an offshore wind farm project in Can Gio District in the National Power Development Plan VIII. In a recent document sent to the HCMC People’s Committee, the Department of Industry and Trade
Hanoi City to inspect foreign businesses and investment projects
HCMC – The Department of Planning and Investment of Hanoi City is set to inspect foreign investment projects and foreign-invested enterprises in the city this year. As per the plan, a total of 64 projects and 17 foreign businesses will be subject to examination in the near future, as reported by
HCMC to build new bridge across Saigon River
HCMC – The HCMC Department of Transport has proposed that the municipal People’s Council approve the investment policy for a new bridge across the Saigon River at a council meeting scheduled for next month. The proposed Thu Thiem 4 bridge project, including the approach roads, would begin at the
Director of National Load Dispatch Center suspended
HCMC – Nguyen Duc Ninh has been suspended from his position as the director of the National Load Dispatch Center at Vietnam Electricity Group (EVN) to facilitate an inspection of electricity supply in the country. The decision was made on June 14 by EVN’s general director Tran Dinh Nhan. EVN is a
Vietnam to treat Covid as common disease in late June
HCMC – The Ministry of Health is currently developing a plan to address relevant issues before reclassifying Covid-19 from a Group A infectious disease to a Group B disease by the end of this month. Deputy Minister of Health Nguyen Thi Lien Huong mentioned the plan at a medical communications talk
All board members of Bamboo Airways step down
HCMC – Bamboo Airways has released documents in preparation for the upcoming general meeting of shareholders, confirming that all the five board members of the airline have tendered their resignation. Their resignation will be reviewed by shareholders at the meeting on June 21, during which Bamboo
Gia Nghia-Chon Thanh Expressway to be developed under PPP
HCMC – Gia Nghia-Chon Thanh Expressway, a section of the North-South Expressway project in western Vietnam, will be constructed under the public-private partnership (PPP) format. The feasibility study for the expressway is currently under review by the authorities in Binh Phuoc Province, according
Steel prices in downward spiral
HCMC – Construction steel prices in Vietnam have continued to fall as demand has remained weak. Hoa Phat Group, which holds a 40% share of the nation’s construction steel market, now quotes rebar D10 CB300 at VND14.69 million per ton and rolled steel CB240 at VND14.49 million per ton, both down by
South Korea becomes largest investor in Haiphong
HCMC – South Korea has invested nearly US$10 billion in Haiphong City, making it the largest investor in the port city of northern Vietnam. Le Tien Chau, secretary of the Haiphong City Party Committee, led a delegation to South Korea to attend a trade and investment promotion conference between
