Mekong Delta works on two major traffic infrastructure projects
HCMC – The Mekong Delta will be carrying out two major traffic infrastructure projects this year, thus improving connectivity in the region. Can Tho City will soon approve the feasibility study for a Chau Doc-Can Tho-Soc Trang expressway section that will pass through the city. Work on the section
Mekong Delta provinces told to supply sand to expy project
HCMC – Three Mekong Delta provinces, Vinh Long, Dong Thap and Long An, have been asked to ensure the supply of 19 million cubic meters of sand for two sections of the North-South Expressway project. The Ministry of Transport has sent this request to the three provinces as the shortage of sand is
Many Japanese firms in Vietnam plan expansion
HCMC – Many Japanese companies active in Vietnam are planning to expand their operations, heard a recent meeting between the Ministry of Planning and Investment and the Japan External Trade Organization (JETRO). For their plans in the next one to two years, 60% of Japanese firms will expand in
HoREA asks SBV to help struggling real estate sector
HCMC – The HCMC Real Estate Association (HoREA) has asked the State Bank of Vietnam (SBV) to allow credit restructuring to help real estate firms out of the financial crunch. The association wrote to the SBV, the central bank of the nation, just ahead of a meeting today, February 8, between the
Vietravel Airlines wants to increase capital nearly sixfold
HCMC – Vietravel Airlines has proposed the Government considering a roadmap to increase its investment capital from VND1,300 billion to VND7,642 billion by 2025. After more than two years of operation, Vietravel Airlines has three Airbus A321 aircraft, with a total investment capital of VND1,300
Binh Duong to develop 18,000 social homes in 2023
HCMC – The southern province of Binh Duong has approved a housing development plan for 2023, setting a target of building 18,000 social homes for workers this year, the local media reported. The province aims to continue improving its housing quality and serve the housing demand of residents,
Labor market bounces back
HCMC – Vietnam’s labor market has improved, sending goods news to workers being laid off in the final quarter of last year due to a shortfall of new orders faced by their companies. The Hanoi Center for Employment Services, in cooperation with job centers in six neighboring provinces, will hold
VNA to resume more air services to China
HCMC – Vietnam Airlines (VNA) will reopen international services on five more routes linking Vietnam and neighboring China in the next two months, raising the total number of Vietnam-China routes operated by the airline to nine, just one less than the pre-pandemic level. The national flag carrier
Two broken undersea cables linked to Vietnam to be fixed
HCMC – Two among four broken undersea cables linked to Vietnam are scheduled to be fixed in March and April this year, reported the local media. A plan to fix Asia Pacific Gateway (APG) and Intra Asia (IA) undersea cable networks has been announced, according to a representative of an internet
Interbank interest rates surge
HCMC – Interbank interest rates surged last week as the State Bank of Vietnam (SBV), the country’s central bank, shifted from net cash injections to withdrawals from the banking system. February 2 saw the interbank rate for the 9-month term jumping to 13% per annum from the previous 9.61%, but the
Transport Ministry gets extra VND31 trillion for public investment
HCMC – The Government has allocated an extra VND31.4 trillion to the Ministry of Transport to fund key traffic infrastructure projects in the country. The allocation of additional capital, approved by Deputy Prime Minister Le Minh Khai yesterday, February 7, will be set for the ministry’s five
Time for customs clearance to be cut by 10% from this year
HCMC – The General Department of Vietnam Customs has set administrative reform targets to simplify customs procedures, including reducing the time for customs clearance and goods release by 10%, reducing the number of batches required for sampling for analysis and assessment by 20%, and applying