PM orders urgent measures to secure power supply
HCMC – Prime Minister Pham Minh Chinh has chaired an urgent meeting with ministries and departments to discuss measures to ensure electricity supply for businesses and households during the dry season. At the urgent meeting held on May 18, the prime minister said that the total capacity supplied
PM seeks to declare Covid-19 pandemic is over
HCMC – The prime minister has told the Ministry of Health to coordinate with other relevant ministries and departments to prepare the necessary documents for shifting Covid-19 from type A to type B infectious disease and announce the Covid-19 pandemic is over in Vietnam. The Government Office
Trade Ministry backs car registration fee cut again
HCMC – Given the difficulties faced by local car manufacturers, the Ministry of Industry and Trade finds it necessary to apply some support measures, including registration fee reduction for locally manufactured and assembled automobiles. The Ministry of Trade and Industry repeated its proposal at
Stavian Quang Yen Petrochemical plant project has FEED contractor
HCMC – Stavian Quang Yen Petrochemical and Tecnimont have signed a front-end engineering design (FEED) service contract for the Stavian Quang Yen Petrochemical Plant project today, May 18. Tecnimont S.p.A, a subsidiary of the Italian engineering group Maire, will provide the FEED services package
North-South express railway project could include freight transport function
HCMC – The State Appraisal Council has proposed that the Ministry of Transport add a new option to use the high-speed railway to carry both passengers and cargo, instead of just passengers as planned. Following the State Appraisal Council’s request, the railway project’s management board,
Switzerland interested in sustainable tourism in Mekong Delta
HCMC – A delegation of the Swiss State Secretariat for Economic Affairs (SECO) and Swiss Tourism for Sustainable Development Project (ST4SD) is surveying the potential of the Mekong Delta region’s tourism to cooperate with the region in developing sustainable tourism. According to the Can Tho
Around 77,000 firms exit market in Jan-Apr
HCMC – The Government has sent a report on the nation’s socio-economic performance to the National Assembly, emphasizing that around 77,000 businesses have pulled out of the market in the first four months of the year, surging 25% year-on-year. Nearly 78,900 enterprises came into existence or
Two more expressways to open to traffic tomorrow
HCMC – The Ministry of Transport this morning, May 18, announced in a statement that two more sections of the North-South Expressway will be officially opened to traffic from 10:00 a.m. tomorrow. According to Uong Viet Dung, office chief of the Ministry of Transport, the 49-kilometer Nha Trang-Cam
Vietnam’s textile exports plunge in April
HCMC – Vietnam’s textile and garment industry generated only US$3.06 billion in export revenue in April, down 20.6% year-on-year, according to the Vietnam National Textile and Garment Group, or Vinatex. The export value of textiles and garments in the first four months of the year reached only
There is ample room for lending – SBV HCMC
HCMC – There is still much room for lending as credit growth has so far this year remained modest while the full-year loan expansion target is 14-15%, said an official of the State Bank of Vietnam’s HCMC branch. Recently, there have emerged rumors that banks were about to reach their credit growth
Vietnam’s digital economy may reach US$49 billion by 2025
HCMC – Vietnam’s digital economy may take the lead in Southeast Asia with average growth of 31% a year and reach US$49 billion by 2025, said a report by Google, Temasek and Bain & Company. Vietnam’s online retail sales hit US$16.4 billion in 2022, accounting for 7.5% of the country’s total
G-bond coupons slide further in April
HCMC – The coupons of G-bonds in all tenors dropped a further 14 to 27 basis points in April compared to the previous G-bond auction held in late March. At the final auction session in April, the respective coupons for the five, 10, 15 and 30-year G-bonds were 2.75%, 3.22%, 3.33% and 3.66%. The
