VND120-trillion package not for real estate rescue: Deputy PM
HCMC – The VND120-trillion credit package is not intended to rescue the struggling real estate sector but to achieve the target of building at least one million social homes by 2030, Deputy Prime Minister Tran Hong Ha said at a meeting held yesterday, May 24. The package is designed to support
Ministry approves electricity prices for 19 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 19 wind and solar power plants with a total capacity of around 1,400MW. Among them, five are solar power plants and 14 onshore and offshore wind farms. As of May 24, 25 out of 85 wind and solar power
Central bank, 26 bank leaders convene
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, held a meeting to discuss interest rate reductions with 26 banks this morning, May 25. Information about the meeting has grabbed much attention as it comes amid the SBV’s key interest rate cut decision coming into force on the same
Work on Cat Bi Airport’s Terminal T2 to start in Q4
HCMC – Construction of Terminal T2 at Cat Bi International Airport in Haiphong City is expected to begin in the fourth quarter of the year. The terminal will have to be completed within one year, according to Notice No. 192/TB-VPCP on the conclusion of the prime minister, regarding his inspection
Vietnam’s exports fall further in first half of May
HCMC – Vietnam reported only US$23.9 billion in foreign trade in the first half of May, down 10.8% from the second half of April, official data showed. Exports plunged 21.3% from the second half of April to US$11.5 billion, which is US$988 million lower than import spending. The falling export
Bien Hoa-Vung Tau expy likely behind schedule due to slow site clearance
HCMC – Work on three components of the first-phase Bien Hoa-Vung Tau expressway project is scheduled to begin by June 30, but site clearance for components 1 and 2 in the Dong Nai Province area has yet to be completed. Dong Nai authorities have requested relevant units to speed up site clearance
Floor domestic airfares likely to be abolished
HCMC – A majority of National Assembly (NA) deputies have agreed to maintain the airfare cap but remove floor prices of domestic air tickets. The NA Standing Committee said that removing the floor prices of domestic air tickets is necessary to encourage competition, reduce service prices, protect
Long An, Dong Nai seek to attract Indian businesses
HCMC – Multiple Indian businesses have visited Dong Nai and Long An provinces to sound out business opportunities there. On May 23, at the Indian – Vietnam Business Cooperation event, an Indian delegation of 10 businesses in logistics, construction materials, electrical and medical equipment
First Vietnam ASEAN furniture fair to be held in HCMC
HCMC – The first Vietnam ASEAN International Furniture and Home Accessories Fair (VIFA ASEAN) will be held between August 29 and September 1 at the Saigon Exhibition and Convention Center in District 7, HCMC. Under the theme “Gathering all the best Southeast Asian furniture”, the event will
Economic recovery program extension proposed
HCMC – A National Assembly (NA) deputy has proposed extending the economic recovery and development program until 2024-2025. Le Quang Manh, new head of the NA Finance and Budget Committee, said public capital disbursements were slower than planned while the program would end after six months,
Deposit interest rates have passed their heyday
Despite a further reduction of 0.2-0.4%, even a 1% reduction within just 1 month, bank deposit interest rates will decrease further in the coming time.
Waiting for the revised date, visa application in Vietnam is still time-consuming for international visitors
At the 5th session, the 15th National Assembly will consider and approve a joint resolution on many changes in visa policy. However, travel companies reflect that they still take a long time with visa procedures for international visitors.
