Electricity prices inch up by 3% from today
HCMC – Electricity prices in Vietnam increased by 3% to over VND1,920 per kWh from today, May 4, after they had been kept unchanged for four years. According to a decision recently signed by the CEO of the Vietnam Electricity Group (EVN), the average selling price of electricity will increase from
Vietnam to import electricity from Laos from mid-May
HCMC – The Bo Y 220kV switching substation in the Central Highlands province of Kon Tum will receive electricity from the Nam Kong 2 and 3 hydropower plants of Laos by May 15 this year to integrate it with the Vietnamese electricity grid. Power Project Management Board 2, or PMB2, coordinated with
Green economy attracts huge investments
HCMC – Domestic and foreign-invested companies have poured US$9 billion into Vietnam’s green economy, making up almost 2% of the country’s gross domestic product, according to the Ministry of Planning and Investment. Green economy investments have expanded by 10-13% year-on-year since 2021, said
Government approves VAT cut proposal
HCMC – The Government has approved a Ministry of Finance proposal for lowering the value added tax (VAT) from 10% to 8% to support businesses and households to cope with economic headwinds. Deputy Prime Minister Le Minh Khai has signed a Government resolution endorsing a request for drafting a
My Thuan 2 Bridge to be completed this year
HCMC – The My Thuan 2 Bridge project is expected to be completed by the end of the year, according to contractors. They have geared up machinery, equipment and human resources to continue the work throughout the public holiday, from April 29 to May 3. The project has four packages, with three for
Ministry wants lending conditions eased for fuel companies
HCMC – Minister of Industry and Trade Nguyen Hong Dien has asked banks to facilitate gasoline imports for suppliers and retailers by easing lending conditions and raising credit limits. Speaking at a conference on fuel supply for the domestic market, chairman of the Vietnam Petroleum Association
Chinese tourist arrivals in Vietnam surge
HCMC – Since China allowed its citizens to travel to Vietnam in groups from March 15, the number of Chinese tourists to Vietnam has increased sharply, according to the General Statistics Office of Vietnam. China ranked fourth among the top 10 source markets for Vietnamese tourism, with 252,100
Sand shortage seen affecting Can Tho-Ca Mau expy project
HCMC – Can Tho-Ca Mau expressway may face a shortage of sand as the supply committed by the Mekong Delta provinces is much lower than needed. With construction work started this year, the expressway needs 18 million cubic meters of sand while sand-supplying provinces can only supply three million
Mobile ID app can be used for boarding domestic flights
HCMC – Passengers can use the mobile ID app VNeID for boarding domestic flights, instead of plastic ID cards or travel documents as from May 2. On May 2, the Civil Aviation Authority of Vietnam, or CAAV, told airports and carriers to use passenger data stored in VNeID app to verify their personal
Vietnam’s foreign trade plunges in April
HCMC – Vietnam’s foreign trade continued trending down in April, with export revenue and import spending plunging 17.1% and 20.5% over the same period last year, respectively, showed official data. Figures from the General Statistics Office (GSO) showed that export revenue in April totaled
Vietnam’s aviation industry starts recovering from pandemic losses
HCMC – Vietnam Airlines and Vietjet Air have reported profits while Bamboo Airways is also on track to reach its breakeven point, partly backed by sharp increases in domestic and international flights during the Tet holiday early this year. Vietnam Airlines has finally eased off 12 consecutive
Tien Giang greenlights two urban projects worth VND2.9 trillion
HCMC – The government of Tien Giang Province has approved two large urban projects with a total investment cost of nearly VND2.9 trillion. The two projects are the Nguyen Trong Hop urban area and a residential project along the Eastern Beltway in Long Hung Commune, Go Cong Town. The Nguyen Trong
