Tra Vinh to build 25 MW biomass power plant
CAN THO – The Mekong Delta province of Tra Vinh has approved a proposal to develop the Tra Vinh biomass power plant in Luu Nghiep Anh Commune, Tra Cu District, with a capacity of 25 MW. With an estimated investment of over VND1 trillion, the biomass power plant project will cover 11.6 hectares,
Saigon River tunnel to be closed for fire drill this weekend
HCMC – Vehicles have been banned from entering the Saigon River tunnel, which connects Thu Duc City with District 1 in HCMC, this weekend, as the tunnel will be temporarily closed for a fire drill, according to the HCMC Department of Transport. The tunnel closure will be from 1:30 p.m. to 4:30
Ministry of Transport eyes disbursing VND20 trillion in two months
HCMC – Minister of Transport Nguyen Van Thang has ordered the speedy disbursement of over VND20 trillion before the new year. He was speaking during a recent meeting with project developers and management boards, urging them to cut through the administrative red tape and improve disbursement
Work on Dai Ngai Bridge project expected to start in early 2023
HCMC – The Ministry of Transport has urged the relevant agencies to expedite administrative paperwork so as to start work on the Dai Ngai Bridge project on National Highway 60 in the Mekong Delta in the first quarter of 2023. Deputy Minister of Transport Nguyen Duy Lam urged the project’s investor
Slow disbursement forces agencies, provinces to return huge funds
HCMC – Several State agencies, ministries, cities and provinces have proposed returning thousands of billions of Vietnamese dong of the allocated 2022 public capital due to slower-than-planned disbursements. The Finance and Budget Committee of the National Assembly said that public capital
Sugar imports from five Southeast Asian countries plunge
CAN THO – Sugar imports from Cambodia, Indonesia, Laos, Malaysia and Myanmar have declined since Vietnam took measures against trade remedy circumvention. On August 1, the Ministry of Industry and Trade issued Decision 1514/QD-BCT imposing measures against trade remedy circumvention of the sugar
Loc Troi gets US$100 million loan to produce quality rice
HCMC – Loc Troi Group, or LTG, has signed a syndicated credit agreement with seven local and foreign banks with a credit line of up to US$100 million, helping supplement its working capital for investment in high-quality rice production. The syndicated loan will be executed in three years and
Can Gio int’l container terminal planned to supplement Cai Mep-Thi Vai
HCMC – A port project in HCMC’s outlying district of Can Gio will serve international shipping and transit demand, enhancing the operational effectiveness of the Cai Mep-Thi Vai port, according to Phan Van Mai, chairman of HCMC. Mai stated that the Can Gio international container terminal project
Vietnam’s central bank announces 2nd interest rate hike in just one month
HCMC – The State Bank of Vietnam (SBV), the central bank of the nation, announced last night (October 24), that key interest rates would be hiked by one percentage point, with effect from today (October 25). This is the second interest rate increase in just one month. The interest rate cap for
VinFast receives US$135m of ADB-led green financing
HCMC – Vietnamese electric vehicle (EV) manufacturer VinFast has received a US$135 million financing package from the Asian Development Bank (ADB) to manufacture Vietnam’s first fully-electric public transport bus fleet and first national EV charging network. VinFast said in a statement today,
Former deputy director of Dong Nai Sci-Tech Department detained
HCMC – A former deputy director of the Dong Nai Province Department of Science and Technology, Nguyen Ngoc Phuong, has been detained on alleged charges of violating regulations on the management and use of the State’s assets. His subordinate, Tran Thi Huynh Phuong, former chief accountant of the
Saline intrusion hits Mekong Delta’s agro-fishery sector
CAN THO – Saltwater intrusion along with intensive drought has been posing threat to the agro-fishery sector in Mekong Delta. Nguyen Phuong Lam, director of the Vietnam Chamber of Commerce and Industry (VCCI) in Can Tho City, said the Mekong Delta was facing worsening threats as floods and land