Ministry seeks feedback on fuel management and regulations
HCMC – To mitigate the ongoing fuel shortage, the Ministry of Industry and Trade has drafted two official dispatches on the management and regulations on trading fuel and sent them to authorities. In the documents, the ministry asked for feedback from provincial and municipal governments and
Steel industry woes may last until mid-2023
HCMC – Steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next year. The Vietnam Steel Association said in its latest report that output of finished steel products in October had slid 16.38% month-on-month and 28.7%
G20 Summit starts, discusses how to recover together
BALI – In his opening remarks at the Group of 20 (G20) major economies summit on Tuesday morning, November 15, on the tourist island of Bali, Indonesia, Indonesian President Joko Widodo said people are responsible for collaborating to save the world and mend the global economy. “We have no option.
High logistics costs erode competitiveness of Vietnam businesses
HCMC – High logistics costs have made the Vietnamese economy less competitive. According to Le Quang Trung, vice chairman of the Vietnam Logistics Business Association, import-export businesses are grappling with increasingly high logistics and transport costs. The cargo shipping time has
PM orders prompt solution to fuel shortage
HCMC – The Ministry of Industry and Trade is told to expedite drastic measures to handle the current fuel shortage, directing wholesalers to supply sufficient gasoline to the market. In an official dispatch sent to relevant ministries on November 11, Deputy Prime Minister Le Minh Khai said the
Minimum monthly salaries for public employees set to rise in mid-2023
HCMC – The National Assembly of Vietnam has decided to raise the minimum monthly salary to VND1.8 million as of July 1, 2023. On November 11, at the fourth meeting of the 15th National Assembly, the NA passed a resolution on the state budget for 2023. Accordingly, the minimum monthly salary for
British Council resumes Aptis tests in Vietnam
HCMC – The Ministry of Education and Training has approved the resumption of Aptis testing at the British Council and four other companies two days after several foreign language examinations were postponed. The four other companies with testing approval from the ministry comprise Vietnam Trading
HCMC businesses to recruit 43,000 workers in run-up to Tet
HCMC – The demand for new employees in HCMC is estimated to reach 43,000 in the last two months of this year, said Nguyen Van Lam, deputy director of the HCMC Labor, Invalids and Social Affairs Department. Job vacancies are mainly in the commerce-service and consumer goods fields, textile,
QTSC, HCA join InfoComm Southeast Asia 2022 in Thailand
HCMC – QTSC cooperated with HCA to send a trade promotion delegation to the InfoComm Southeast Asia 2022 in Bangkok, Thailand, which took place between November 2 and 4, to sound out cooperation opportunities and learn new technology trends. InfoComm Southeast Asia 2022, Asia’s premier
Haiphong container terminal handles one-millionth TEU
HCMC – The Haiphong International Container Terminal (TC-HICT) in the northern port city of Haiphong handled its one-millionth twenty-foot equivalent unit (TEU) from Maersk Copenhagen container ship yesterday, November 9. Doan Hai Tuan, chairman of TC-HICT’s Member Council, said the achievement
Domestic steel demand continues sliding
HCMC – Dampened demand has lingered in the local steel market, leading to output and sales declining in October, according to data recently released by local steelmakers. Hoa Phat Group (HPG), a major Vietnamese steelmaker, saw its raw steel production down 19% year-on-year at 567,000 tons in
VAT refund delays spell trouble for wood exporters
HCMC – Replanted-forest wood exporting businesses are finding it tough to claim VAT refunds, which have reached VND1,000 billion since January this year. The Association of Vietnam Timber and Forest Product (VIFOREST) has written to the Ministries of Agriculture-Rural Development and Finance,