HCMC hikes coefficients for land prices
HCMC – The HCMC government has raised the coefficients for land prices applicable to the compensation and resettlement plans in the city this year, with effect from this Saturday, March 18. The highest coefficient is set at 25 for residential land and 38 for agricultural land. The coefficients for
Tra fish export fall forecast to extend
HCMC – Vietcombank Securities Company (VCBS) has forecast that Vietnam’s tra fish exports will continue to spiral down until the end of the first half of the year. The country has seen a fall in tra fish exports by both value and volume since November last year, according to the Vietnam
VND120 trillion credit package for social housing to be rolled out
HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for the poor and workers, and renovating or re-building aging apartment blocks. The SBV, the country’s central bank, was tasked with directing commercial
Local fuel prices inch up
HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per
VNA adds Vietnam-India flights
HCMC – Vietnam Airlines (VNA) will raise the number of flights linking Vietnam and India by 30% starting from March 26 to satisfy the rising demand for passenger and cargo transport between the two nations. According to its flight increase plan, the national flag carrier will operate four weekly
New bridge to be built across Red River
HCMC – Hanoi City will build an eight-lane bridge across the Red River to connect the districts of Bac Tu Liem and Dong Anh. The Hanoi City People’s Committee has approved the investment policy for Thuong Cat Bridge and 5.2 kilometers of connecting road from both sides of the bridge. Thuong Cat
PM gives green light to two expy projects
HCMC – Prime Minister Pham Minh Chinh has approved the Ministry of Transport’s proposal to allow local authorities to develop an expressway in northern Vietnam and another in the southeastern region. The expressway in northern Vietnam would run through Ninh Binh, Nam Dinh and Thai Binh provinces,
HCMC urges capital allocation for cash-strapped Metro Line No. 1 company
HCMC – The government of HCMC has requested the Ministry of Justice to help with the procedure to allocate capital for the cash-strapped HCMC Urban Railway No. 1 Company Limited (HURC1), which will operate Metro Line No. 1. According to the HCMC People’s Committee, the capital allocation is
Japan provides US$1.38-million aid to Vietnam
HCMC – The Japanese government has provided about US$1.38 million to nine healthcare, education, transportation and environmental development projects in Vietnam. The grant is aimed at benefiting locals at the grassroots level in Vietnam, according to Japanese Ambassador to Vietnam Yamada Takio.
Conference highlights need to relax visa policy to attract int’l guests
HCMC – A tourism conference on the visa policy was held by Thanh Nien newspaper on March 10. Addressing the conference, Nguyen Ngoc Toan, editor-in-chief of Thanh Nien Newspaper, said many countries have favorable visa policies for international guests. According to VisaGuide.World in late 2022,
Transport Ministry proposes extending auto test certificates by 15 days
HCMC – Vehicle registration and testing certificates should be extended by 15 days to give auto owners more time due to huge backlogs at auto testing centers, the Ministry of Transport proposed in a letter sent to the Government on March 10. During this 15-day period, vehicles should be banned
Ninh Thuan targets 2.7 million tourist arrivals this year
HCMC – The south-central province of Ninh Thuan has set a target to welcome 2.7 million tourists, including 20,000 from abroad, this year. Nguyen Long Bien, vice chairman of the provincial government, issued a decision on the plan on March 9 to implement tourism promotion programs and fulfill this