Four rates of environmental protection tax on fuels proposed for 2023
HCMC – The Ministry of Finance has proposed applying four rates of environmental protection tax on fuels in 2023 depending on global prices. When the global oil price is below US$70 a barrel, the tax rates would reach the ceiling level of the tax bracket, which is VND4,000 per liter on gasoline,
Former deputy health minister stands trial
HCMC – The Hanoi People’s Court started the trial for former Deputy Minister of Health Cao Minh Quang and eight other defendants for their alleged responsility for irregularities in the procurement of materials to produce antivirals of the H5N1 avian influenza virus. The trial is expected to last
Exploitation approval required for aquatic products exported to Japan
HCMC – Japan will require an exploitation certificate for four types of aquatic products which Vietnam exports to the Northeast Asian country as of this December. As per Japan’s regulations, a catch certificate or processing statement will apply to aquatic products processed from squids and
Bureaucratic hurdles continue to block housing projects
HCMC – Work on 18 social housing projects in HCMC is moving at a snail’s pace as paperwork roadblocks remain. Of the total, eight have got off the ground this year. Among them are a dormitory in Thu Đuc City’s Linh Trung II Export Processing Zone that will house around 1,000 workers with 360 units
Bac Lieu looks to become nation’s renewable energy center
HCMC – Bac Lieu Province has opted for a green growth and sustainable model to restructure its economy in recent years, aiming to become a renewable-energy center in the Mekong Delta region and the country. According to the local orientation, renewable energy, including wind and solar energy and
Heavy rains forecast in many parts of Vietnam
HCMC – Heavy downpours are forecast in central and southern provinces from November 21 to 23, according to the national weather center. Rainfalls in provinces from Quang Tri to Quang Ngai would range from 70 and 150 millimeters, while rainfalls of up to 120 millimeters would hit Nghe An, Ha Tinh,
S.Korean firm to break ground on clean industrial complex in northern Vietnam
HCMC – The Korea Land and Housing Corporation (LH) will start work on a clean industrial complex in the northern province of Hung Yen on November 25. The complex will cover an area of 1,431,000 square meters along the Hanoi-Haiphong Expressway, which links the Vietnamese capital city with
Vingroup breaks ground on VND6-trillion EV battery plant
HCMC – VinES Energy Solution JSC, a unit of Vingroup, broke ground on the first phase of the lithium battery facility at the Vung Ang economic zone yesterday, November 18, according to the local media. With an investment of over VND6 trillion, the project will cover over 14 hectares in the
Vietnam eyes US$47 billion in apparel exports in 2023
HCMC – Vietnam’s textile and garment export revenue is expected to hit US$47 billion in 2023, according to the Vietnam Textile and Apparel Association (VITAS). Speaking at a press briefing on November 18, VITAS Chairman Vu Duc Giang forecast the country would see strong growth in apparel exports
Vicem Hoang Thach Cement Co. Ltd. chairman detained
HCMC – The police in the northern province of Hai Duong recently detained Le Thanh Long, chairman of Vicem Hoang Thach Cement Company Limited, the local media reported. On November 12, the Hai Duong police issued an arrest warrant for Long, 59, who was also a member of the board at Hoang Thach
Obstacles plaguing property development expected to be removed
HCMC – Prime Minister Pham Minh Chinh has formed a working group that will adopt measures to remove difficulties plaguing property projects in HCMC, Hanoi and other municipalities. The working group will be led by Minister of Construction Nguyen Thanh Nghi. Deputy Governor of the State Bank of
Food production boosted in preparation for shopping spree
HCMC – Food and beverage manufacturers are ramping up output in preparation for a demand surge at the end of the year. According to an analysis of Mordor Intelligence Inc, a leading market research company, the Vietnam food service market is projected to register a compound annual growth rate of