HCMC to strictly cope with low-quality roadworks
HCMC – The HCMC Department of Transport said that it would get tough on sloppy roadworks in the city this year. Asphalt patches on multiple streets in HCMC make the road surfaces uneven after roadworks, damaging the urban beauty and putting road users in danger. To prevent the situation from
EVN’s proposed electricity price hike under consideration
HCMC – The Ministry of Industry and Trade has been gathering feedback on a proposal of Vietnam Electricity Group (EVN) for increasing electricity prices. A spike in electricity prices will be weighed carefully, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference on
Logistics digitization remains sluggish in HCMC
HCMC – The digitization level in the operations of HCMC-based logistics firms, which account for half of the country, has yet to meet expectations, according to data from the Vietnam Logistics Business Association. Only 10.2% of logistics firms in the city use the barcode application, while it was
PM urges improvement and expansion of Dung Quat Oil Refinery
HCMC – Prime Minister Pham Minh Chinh praised the positive performance of the Dung Quat Refinery in the coastal province of Quang Ngai and urged the Vietnam Oil and Gas Group (PetroVietnam) to promptly undertake a facility upgrading project. He made the statement at a working session on January 1
Employment slumps in the last quarter of 2022
HCMC – Vietnam’s job market has seen a sharp decrease in demand in the last quarter of 2022, with workers finding it challenging to seek new jobs, according to a report released by Navigos Research, a recruitment firm. The report pointed out that employment demand in the period dropped 25% on
Industry sees 7.7% growth in added value
HCMC – This year has seen industry recording 7.7% growth in added value against the previous year, General Statistics Office data showed. Processing and manufacturing have posted an 8.1% rise in added value, and contributed 2.09 percentage points to the country’s economic growth. The index of
Illegal gambling via e-wallet detected
HCMC – The police, in coordination with MoMo E-Wallet, have busted a major online gambling ring with new tricks based on transaction codes of the e-wallet, according to the Ministry of Information and Communications. The ring set up, operated and administered a gambling website using thousands of
VAT, fuel tax cuts proposed for extension
HCMC – Business associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and the environmental protection tax cut for fuel till the end of 2023. From January 1, 2023, many supporting policies for households and businesses will
Over 3.3 million motorbikes made in Vietnam in 2022
HCMC – More than 3.3 million motorbikes have been made in Vietnam in 2022, according to the General Statistics Office. Data from the office showed that the volume of locally assembled motorbikes has expanded 9.9% over 2021. Over one million motorbikes were assembled in Vietnam in the fourth
Vietnamese realty firm chairman receives life sentence for fraud
HCMC – Nguyen Thai Luyen, 36, chairman and CEO of HCMC-based propterty firm Alibaba, was sentenced to life in jail for swindling 4,560 investors with 58 non-existent real estate projects. Luyen’s wife, Vo Thi Thanh Mai, received 20 years in jail for the same charge, as well as 12 years for money
Container ship routes resumed in Can Tho port cluster
HCMC – The Tan Cang Foundation, a vessel of Saigon Newport Corporation, arrived at Tan Cang Cai Cui Port in Can Tho City on December 29, marking the comeback of the container ship route to the Mekong Delta city after a six-year hiatus. The vessel was the first to dock at the Can Tho port cluster
HCMC joins hands with Central Highlands for sustainable economic growth
HCMC – HCMC and five provinces of the Central Highlands region have cut a deal to boost sustainable socio-economic development until 2025. The deal is aimed at unlocking the potential of these localities to create value, contributing to the region’s socio-economic development and forming a link