Tan Son Nhat to handle 24 million passengers in summer
HCMC – Tan Son Nhat International Airport in HCMC is looking to handle nearly 24 million passengers in the summer from June to August this year. The airport said in a statement that over 150,000 flights have been scheduled for this period, a 6.6% year-on-year increase. To ensure smooth operations,
HCMC set to start work on Beltway 3 in next 10 days
HCMC – The government of HCMC has approved a plan to commence work on the Beltway No. 3 section passing through the city on June 18. Local authorities have handed over 334.5 hectares of cleared land to the project, which accounts for 81.5% of the land required. The land handover is expected to be
Over 1,300GB of personal data illegally collected and traded
HCMC – The illegal trade of personal data has been widespread across the country in recent years, with the largest recorded data breach reaching nearly 1,300GB, according to the Ministry of Public Security. Personal data has been openly sold in large quantities in cyberspace for a while, and
Only 30-40% of real estate brokerages stay afloat – VARS
HCMC – The sluggish real estate market has left adverse impact on property brokers and developers nationwide, with operational real estate brokerages accounting for 30-40% of the total in late 2022. A market report released on June 6 by the Vietnam Association of Realtors (VARS) said 554 real
PouYuen Vietnam’s assistance for laid-off workers totals VND690 billion
HCMC – PouYuen Vietnam, the most labor-intensive company in Binh Tan District, HCMC, has offered financial assistance totaling VND689 billion to around 5,700 workers whose contracts were terminated in June and July this year. The Taiwan-invested footwear maker previously decided to lay off around
Manufacturing conditions weaken further in May
HCMC – The Vietnamese manufacturing sector continued to contract in May due to weakening demand and declining business confidence. The sector has experienced deteriorating conditions for the third consecutive month as the official manufacturing Purchasing Managers’ Index (PMI) was 45.3 last month,
Finance Ministry to draft VND23 trillion support package for workers
HCMC – The Finance Ministry is set to develop a support package worth VND23 trillion (nearly US$100 million) from the Unemployment Insurance Fund to provide further assistance to workers. Finance Minister Ho Duc Phoc announced this during the National Assembly’s Q&A session on the morning of
PM requests inspection of electricity supply
HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Trade and Industry to establish a team to inspect the electricity supply of Vietnam Electricity Group (EVN) from 2021 to June of this year. This request is part of a directive on ensuring electricity supply, which was signed and
Vietnam’s exports grow 4.3% in May
HCMC – Vietnam’s exports in May continued to improve, with a 4.3% increase versus April to US$29 billion, according to an official at the Ministry of Industry and Trade. During the first five months of the year, exports generated US$136.2 billion. Manufactured products accounted for over 88% of
HCMC’s Jan-May credit growth lower than nation’s average
HCMC – HCMC saw January-May credit expanding a slight 2.43% compared to late last year, below the nation’s average of 3.17%, according to the HCMC branch of the State Bank of Vietnam. After experiencing a significant improvement of 1.37% in March, credit expansion lost momentum in the subsequent
Industrial production in 49 provinces improves in Jan-May
HCMC – The index of industrial production (IIP) in Vietnam improved in 49 out of the nation’s 63 centrally-governed provinces and cities in January-May, according to the General Statistics Office (GSO). However, overall, the IIP declined by 2% year-on-year during this time. The GSO attributed the
Investors in 65 renewable energy projects seek pricing talks with EVN
HCMC – Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached, according to the Ministry of Industry and Trade. Of these
