Gov works on securities, housing market overhaul
HCMC – The Government is working toward stabilizing macroeconomic conditions, curbing inflation and spurring growth this year, with a focus on restructuring the securities and real estate markets. The prime minister issued Decree 01 on economic development plans, budget revenue estimates and
HCMC on alert for new Omicron subvariant
HCMC – HCMC’s healthcare sector has prepared medical equipment and facilities for Covid-19 treatment as a new highly transmissible Omicron subvariant known as XBB has been detected in the city. The above information was given yesterday, January 11, by the HCMC Department of Health, expressing
New apartment supply in Hanoi plunges to eight-year low
HCMC – Hanoi City saw new apartment supply tumbling to an eight-year low last year, but the average primary home price remained high, at about VND47 million per square meter, up 15% year-on-year, according to Savills Vietnam’s 2022 report. In 2022, a mere 12,640 new apartments were put up for sale
CAAV approves more flights for Tet
HCMC – The Civil Aviation Authority of Vietnam (CAAV) has approved an additional 28 flights each day, equivalent to 5,600 seats per day, to meet the huge air travel demand in the run up to the Lunar New Year (Tet) holiday which starts on January 22. There will be two flights per hour from 7 […]
Vietnam Register chief detained on bribe-taking allegations
HCMC – The police of HCMC said yesterday, January 11, that they had detained the head of Vietnam Register, Dang Viet Ha, on alleged charges of taking bribes. Speaking at a news briefing, Tran Thi Kim Ly, chief of the Office of the Investigative Division at the HCMC Police Department, said HCMC
New elevated beltway opened to traffic in Hanoi
HCMC – The Beltway No.2 section from the Nga Tu So interchange to the Vinh Tuy Bridge was officially opened to traffic today, January 11, after four years of construction, according to the local media. As one of the key projects of the city in the 2016-2021 period, the elevated beltway runs
Fuel traders in HCMC to be inspected in June
HCMC – The market surveillance authority in HCMC will inspect 91 gas stations operated by more than 50 fuel trading firms citywide in June this year, according to the Market Surveillance Department of HCMC. Market surveillance teams will look into these businesses’ compliance with laws and
PVN’s pre-tax profit at 61-year high
HCMC – The Vietnam Oil and Gas Group (PVN) recorded total revenue of VND931.2 trillion and pre-tax profit of over VND82.2 trillion (around US$3.5 billion), the highest in 61 years of the Vietnamese oil and gas industry’s history. PVN achieved growth rates of 3-26% in different fields and set some
Sleeper bus tickets sold out ahead of Tet
HCMC – Sleeper bus tickets on the routes from HCMC to central provinces have been sold out as the travel demand surges in the run up to the Lunar New Year (Tet) holiday. Many transport businesses reported that their sleeper buses had been fully occupied for trips from January 17 to 19 (or from the
UNDP pledges to support Vietnam in green energy transition
HCMC – The United Nations Development Program (UNDP) is ready to support the Vietnamese Government in formulating and implementing the Just Energy Transition Partnership (JETP) resource mobilization plan in 2023. UNDP Resident Representative in Vietnam Ramla Al Khalidi told the Vietnam News Agency
Vietnamese air carriers to resume flights to China
HCMC – The Civil Aviation Authority of Vietnam (CAAV) is working with the Chinese authorities over the easing of China’s restrictions on slots for the 2023 summer flight schedules. China lifted restrictions on regular international flights and eased immigration policy on January 8. But it is tough
Fuel prices expected to inch down tomorrow
HCMC – Gasoline prices are expected to drop VND100 per liter from tomorrow, January 11, a HCMC fuel supplier said. An executive of a petrol company based in Hanoi also made the same prediction, with gasoline prices remaining stable and diesel oil possibly edging down to below VND21,000 per liter.