HCMC to offer favorable conditions for Japanese businesses
HCMC – The HCMC government has sought to offer business incentives and enhance cooperation with Japanese investors on the city’s development initiatives of e-commerce, logistics, retail, trade and automation industry, among others. The information was given during the annual roundtable conference
HCMC water environment improvement project requested for the third extension
HCMC – The Ministry of Planning and Investment has written to the prime minister proposing approving the revised investment policy for the Water Environment Improvement Project in HCMC in the river basin of Tau Hu – Ben Nghe – Doi – Te (phase 2), pushing back the project’s completion date to
Compensation rates proposed for land along Beltway No. 3
HCMC – The HCMC Department of Natural Resources and Environment is expected to set compensation rates for households affected by the Beltway No. 3 project, which would range from VND18.7 million to VND40.1 million per square meter. The department has just written to the HCMC management board for
Vietnam, South Korea join hands to boost technology investment
HCMC – The Vietnam Blockchain Association (VBA), the Korea NFT Content Association (KONCA) and NBN Media Company have cut deals to boost technological investment cooperation between Vietnam and South Korea. The partnership is expected to help strengthen strategic ties between the two countries and
Ministry of Finance orders bond issuers to pay off debt
HCMC – The Ministry of Finance (MOF) has written to debt-issuing organizations, ordering them to cough up the principal and interest of their bonds and to closely follow regulations on bond issues. To ensure investors’ legitimate rights, the ministry said that bond issuers would have to work with
Over 144,000 CBU autos imported in 2022
HCMC – The number of completely-built-up (CBU) automobiles imported in Vietnam during the January-November period hit some 144,726 with a value of US$3.2 billion, rising by 5.9% in volume and 6.3% in value year-on-year. Automobiles with up to nine seats made up the majority of imports, totaling
Vietnam’s rice exports seen hitting record this year
HCMC – Vietnamese rice export prices have stayed high in November, while shipments to European countries, China, and the Philippines have soared, all contributing to this year’s rice export that is expected to soar to a record high of over seven million tons. Statistics from the Ministry of
Rising rent and fuel prices drive up CPI in November
HCMC – Vietnam’s consumer price index (CPI) in November has edged up a slight 0.39% over the previous month and 4.37% against the same period last year, according to data released by the General Statistics Office (GSO) today, November 29. GSO said in its report that November housing and
Zero-waste production needs systematic approach
HCMC – The step-by-step attempt and systematic approaches with a focus on reusing, recycling and replacing will work well to help manufacturers head towards a net zero factory, heard a seminar themed “The way to a net zero factory,” within the framework of the Green Economy Forum and Exhibition
Traffic congestion is biggest obstacle to southeast’s development
HCMC – Traffic congestion is the biggest challenge for the economic development of the nation’s southeast region, given that only 50 kilometers of expressway has been built among the six key provinces in the past 10 years, according to the prime minister. The southeast region encompasses HCMC,
PM: Vietnam will not expand economy at expense of environment
HCMC – Vietnam will not pursue economic growth at the expense of the environment, Prime Minister Pham Minh Chinh told the Green Economy Forum & Exhibition 2022 (GEFE 2022) in HCMC on November 28. He said at the event, held by the European Chamber of Commerce in Vietnam (EuroCham Vietnam), that
IPP Air Cargo approval procedure suspended at investor’s request
HCMC – The Transport Ministry has informed to the Prime Minister of a suspension of the approval procedure for the IPP Air Cargo JSC at the request of the carrier’s investor. Deputy Transport Minister Le Anh Tuan said that the Civil Aviation Authority of Vietnam (CAAV) had reported to the