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
Resignation of All Board of Directors of Bamboo Airlines Vietnam
Bamboo Airlines Vietnam plans to replace its board of directors after the resignation of five current directors.
The US, EU, and China suddenly reduced imports; Vietnam's spearhead industry was in trouble
The US, EU, and China - the largest trading partners of Vietnam's seafood industry - suddenly reduced imports of this important staple product due to inflation, tight spending and reduced consumer demand.
Bond issuers struggle with debt repayment
HCMC – Bond issuers are grappling with the burden of heavy debt amidst unfavorable market conditions, leading them to further postpone coupon and principal payments. Several issuing companies have extended their coupon and principal payments since the beginning of June. Dat Xanh Mien Nam
HCMC to host automotive service industry trade fair
HCMC – HCMC is set to host Automechanika HCMC 2023 from June 23 to 25 at the Saigon Exhibition Convention Centre (SECC) in District 7. The event, organized jointly by Messe Frankfurt (HK) Ltd, Chan Chao International Enterprise Group, and Yorkers Exhibition Service Vietnam, will showcase the
Vietnam’s Jan-Jun air passengers up 49.6%
HCMC – Vietnam’s air passenger traffic has soared in the year to date, with Vietnamese airlines carrying 34.7 million passengers, up 49.6% compared to the same period last year. Out of the total passenger count, 14.7 million are international guests, a five-fold surge compared to the previous
South Korean president set to visit Vietnam next week
HCMC – South Korean President Yoon Suk Yeol will be visiting Vietnam next week at the invitation of Vietnamese President Vo Van Thuong. The Office of the South Korean President announced on Tuesday that President Yoon will be accompanied by senior executives of 205 South Korean businesses during
Higher domestic airfare caps likely
HCMC – The Ministry of Transport is currently gathering feedback on a draft circular in which domestic airfare caps would rise by VND50,000 to VND250,000 per ticket depending on routes. According to the draft circular, the proposed airfare caps for domestic routes between 500 kilometers and below
Coal-fired power plants to shift to using ammonia and biomass fuels
HCMC – Thermal power plants will be required to develop a roadmap for shifting to running on biomass or ammonia after operating for 20 years. Failure to do so will result in the closure of these plants after 40 years of operation. Minister of Industry and Trade Nguyen Hong Dien was speaking of
Korean enterprises pour 1.5 billion USD into investing in Hai Phong, Vietnam
Hai Phong leaders awarded investment certificates with a total capital of 230 million USD to Korean enterprises, opening an investment package of 1.5 billion USD.
'Real estate businesses in Vietnam are like people about to drown'
Real estate businesses simultaneously fell into a state of "suffocation" for a long time and were like people about to drown, according to VARS.
Deposits soar in Q1 despite interest rate cuts
HCMC – Individuals’ deposits at commercial banks in the first quarter of 2023 soared by around VND415 trillion, the highest level in over 10 years, despite lower interest rates, showed data from the State Bank of Vietnam (SBV). By the end of March, individuals’ deposits totaled VND6,280 trillion,
