Head of Dong Nai auto testing center arrested over alleged bribe taking
HCMC – Luong Minh Tu, 43, director of the 60-04D auto inspection and testing center in the southern province of Dong Nai, and 10 others have been charged with taking tens of billions of dong in bribes. The Dong Nai police today, January 20, detained Tu and two deputy heads of the center – Le […]
Shoppers swarm stores as Tet comes
HCMC – As the Lunar New Year holiday, or Tet, has just two days to go, a festive atmosphere can be felt on the streets across HCMC. Supermarkets have attracted huge crowds of shoppers who want to do the last-minute shopping to stock up on enough food and snacks for Tet for family and friends. […]
Central bank caps 2023 credit growth at 15%
HCMC – The State Bank of Vietnam (SBV) will cap credit growth at 14-15% this year to maintain macroeconomic stability and boost economic growth. Monetary policy is subject to change depending on specific market conditions, according to a recent directive of the SBV, the country’s central bank. The
ACV told to set new bidding criteria for Long Thanh airport terminal
HCMC – The Ministry of Transport has told the Airports Corporation of Vietnam (ACV) to set new criteria on costs and completion schedule to select qualified and experienced contractors for the Long Thanh airport terminal project. The ministry’s move came after a proposal was made by the Vietnam
Vimedimex chairwoman prosecuted over land auction irregularities
HCMC – Nguyen Thi Loan, board chairwoman of Vimedimex Medi-Pharma JSC, has been prosecuted on January 17 for illegally lowering the value of a 50,000-square-meter land plot in the land auction, according to the local media. The Hanoi People’s Procuracy pressed charges against Loan over her alleged
Vietnam, S.Korea look to achieve US$100 billion in bilateral trade this year
HCMC – Vietnam and South Korea strive to increase bilateral trade to US$100 billion in 2023 and US$150 billion in 2030. Prime Minister Pham Minh Chinh had a meeting with the South Korean National Assembly’s Chairman Kim Jin Pyo during his official visit to Vietnam at the Government Office
Govt approves changes to Dong Dang – Tra Linh expressway project
HCMC – The Government has approved major changes to the Dong Dang – Tra Linh expressway project including scope of investment, capital structure and duration of project. Under the revised plan, the Dong Dang – Tra Linh expressway will span 121.06 kilometers instead of 115 kilometers as previously
Vietnam Airlines adds flights to meet huge Tet travel demand
HCMC – Vietnam Airlines (VNA) has announced to add 108 more flights with nearly 20,000 seats to satisfy the huge air travel demand during the Lunar New Year holiday (Tet). The national flag carrier will operate these flights on the routes linking HCMC with Hanoi, Vinh, Thanh Hoa, Haiphong, Danang
Haiphong navigational fairway to be upgraded
HCMC – The Ministry of Transport has given Gemadept the green light to study the upgrade of the Haiphong navigational fairway, reported by the local media. In an official dispatch to Haiphong City, the Vietnam Maritime Administration and Gemadept, the Transport Ministry gave in-principle approval
Land fee reduction extension proposed for 2023
HCMC – The Ministry of Finance has proposed extending the 30% land use fee reduction for businesses, households and individuals this year to further facilitate the country’s economic recovery. In its draft decree on land use fee reduction, the ministry said economic woes caused by a tight monetary
Nghi Son oil refinery back to normal as technical issues settled
HCMC – The Nghi Son oil refinery in the north-central province of Thanh Hoa addressed its technical issues a day earlier than expected and resumed operations at full capacity from yesterday afternoon, January 15. The oil refinery ramped up efforts to fix the leakage of its residual fluid catalytic
Lam Dong seeks VND2.5 trillion for expressway
HCMC – Lam Dong Province has asked the prime minister and some relevant ministries for VND2.5 trillion to develop the Bao Loc-Lien Khuong expressway under the public-private partnership format. The 74-kilometer-long expressway will have four lanes and allow a maximum speed of 100 kilometers per