Seven more renewable power projects connected to national grid
HCMC – Seven more renewable energy projects with a total capacity of over 430 MW have completed procedures for commercial operation and power generation, reported the local media. According to Vietnam Electricity Group (EVN), nine renewable power transition projects have sent their documents to
Domestic fuel prices rise
HCMC – The retail prices of gasoline today, June 1, increased by VND390-520 per liter, according to an announcement jointly issued by the ministries of Industry and Trade and Finance. RON 95-III gasoline now sells for VND22,010 per liter, up by VND520, whereas the price of E5 RON92 bio-gasoline is
Around 100 projects eligible for VND120-trillion credit package
HCMC – Around 100 projects have been found eligible for soft loans in the VND120-trillion credit package since it was rolled out one month ago. Speaking at a National Assembly discussion yesterday of the nation’s socio-economic performance this year, Minister of Construction Nguyen Thanh Nghi
Song Than station to become international intermodal rail terminal
HCMC – With Song Than railway station’s international intermodal transport services, businesses can conduct import-export procedures right at the terminal instead of transporting goods to ports in HCMC or Vung Tau for export to China and Europe. Vietnam Railways is building two international
Retail sales growth at eight-year high
HCMC – Total retail sales of goods and services in the first five months of the year posted the highest growth in eight years, according to the General Statistics Office. A GSO report said that in May, total retail sales of goods and services amounted to VND519 trillion, up 1.5% from the previous
Vietnam gains trade surplus of nearly US$10 billion in Jan-May
HCMC – Vietnam’s export revenue in the first five months of this year inched down, but the country enjoyed a trade surplus of US$9.8 billion, according to the General Statistics Office. The country’s import-export value has totaled an estimated US$262.5 billion in January- May. Of the amount,
Extra VND1.9 trillion approved for Nhon-Hanoi Station metro line
HCMC – The Government has approved adding nearly VND1.92 trillion to the investment cost and rescheduling the completion of the Nhon-Hanoi Station metro line project to 2027. According to the Hanoi People’s Committee portal, the prime minister issued Decision No. 588 approving the revised
India to strengthen ties with Vietnam
HCMC – Madan Mohan Sethi, Indian consul general in HCMC, said India has strived for stronger cooperation with Vietnam as the two countries enjoy a long-lasting partnership based on mutual trust and respect. The two nations have a deeply rooted friendship, as seen during a recent meeting between
Around 88,000 firms exit market in January-May
HCMC – Around 88,000 businesses have pulled out of the market so far this year, official data showed. Vietnam has seen 55,200 companies temporarily suspending their operations between January and May, up 20.3% year-on-year, according to the General Statistics Office’s report on the nation’s
Rice traders incur losses despite export surge
CANTHO – Rice traders reported losses even though their export volume and value last month doubled the figures of the same period last year. Vietnam shipped around 1.1 million tons of rice abroad in April, up 14.4% against March and 98.1% against the same period last year, according to the
Agro-forestry-fishery exports bring US$20.2 billion in Jan-May
HCMC – Vietnam earned around US$20.26 billion from exports of agricultural, forestry and fishery products in the first five months of 2023, down 11.1% year-on-year, according to the Ministry of Agriculture and Rural Development. The country spent US$13.15 billion importing these types of products,
Ample room remains for Vietnam’s rice exports to Africa
HCMC – Given Africa’s need to import around 17.7 million tons of rice from now to the year-end, Vietnamese businesses have ample opportunity to boost rice exports to the African markets for the rest of the year, according to the Asia-Africa Market Department under the Ministry of Industry and
