Son Hai Group eyes Nha Trang-Lien Khuong expy project
HCMC – Son Hai Group, a local construction firm based in the central province of Quang Binh, wants to build an expressway linking Khanh Hoa Province and neighboring Lam Dong Province. The Lam Dong Province Department of Transport will work with the relevant agencies to consider Son Hai Group’s
Cargo ships collide in Can Gio
HCMC – The Singaporean-flagged Wan Hai 288 ship crashed into the Resurgence vessel in the opposite direction in Long Tau River in HCMC’s outlying district of Can Gio early this morning, February 11. No casualties were reported, but the two vessels suffered significant damage including several
Social insurance evading enterprises may have bank accounts frozen
HCMC – The Vietnam General Confederation of Labor has proposed applying many measures for enterprises delaying or evading social insurance (SI) payments including freezing violated enterprises’ accounts, publicizing their names on national portal, and prohibiting them from participating in
Vietnam’s auto imports rocket in Jan
HCMC – Vietnam imported over 14,450 completely-built-up (CBU) cars worth US$314.5 million in January, skyrocketing 219% in volume and 149% in value year-on-year, according to statistics from the General Department of Vietnam Customs. The number of autos imported from Thailand amounted to nearly
Keppel Land, Khang Dien Group to develop sustainable urban projects in HCMC
HCMC – Singapore’s Keppel Land and Vietnamese real estate developer Khang Dien Group yesterday, February 10, signed a memorandum of understanding (MOU) to develop residential and sustainable urban area projects in HCMC. The MOU signing was witnessed by Vietnamese Prime Minister Pham Minh Chinh
Sembcorp keen on renewable energy investment in Vietnam
HCMC – Singapore’s Sembcorp will step up its investment in renewable energy in Vietnam, with a focus on offshore wind power generation for export to Singapore, heard a meeting today, February 10, between Vietnamese Prime Minister Pham Minh Chinh and a Sembcorp leader during the former’s visit to
Becamex IDC, Sembcorp clinch deal to develop sustainable IPs in Vietnam
HCMC – Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp Development Ltd today, February 10, signed a Memorandum of Understanding (MOU) to jointly establish five sustainable industrial parks (IP) in Vietnam in the next three years, with a total investment of US$1 billion. The signing
Vietnam, Singapore eye stronger cooperation
HCMC – Prime Minister Pham Minh Chinh, during his official visit to Singapore, met with President Halimah Yacob and Prime Minister Lee Hsien Loong to discuss areas of mutual interest such as economy, security, defense, education, human resource development, tourism needs stimulation and
Derivatives trade plummets in January
HCMC – The derivatives market remained gloomy in January, with the VN30 index futures contract trading volume and value slipping. Though the VN30 index registered 1,125.07 points in January, up 11.3% against December 2022, the average trading value of the VN30 index futures slid nearly 34% over
Vietnam’s exports to Americas exceed US$8 billion in January
HCMC – Vietnam exported goods worth US$8.21 billion to the Americas and spent US$1.64 billion on imports from this market in January this year, resulting in a trade surplus of around US$6.56 billion, according to the Ministry of Industry and Trade. The U.S. remained Vietnam’s biggest trade partner
Police search Vietnam Register branch offices in Vung Tau, HCMC
HCMC – The HCMC police today, February 9, searched a branch office of Vietnam Register in Vung Tau City and another in HCMC over their suspected violations of auto inspection and registration regulations. The HCMC police coordinated with local forces to cordon off Branch Office No. 9 on Xo Viet
Novaland suggests debt extension for property firms
HCMC – Major property developer Novaland has asked the central bank to enable debt restructuring and extension from 24 to 36 months for property firms. The proposal was made by Do Thi Phuong Nam, director for corporate restructuring at Novaland, during a meeting between the State Bank, lender