Cash-strapped firms sell off assets to stay afloat

HCMC – Cash flow shortages have forced many large companies to sell their assets at half their actual value to stay afloat in tough economic times, heard a meeting between the Ministry of Planning and...

S.Korea remains Vietnam’s largest tourism source market

HCMC – South Korea continued to be the biggest source market for Vietnam’s tourism sector in April, with over 259,300 South Korean arrivals, according to the Vietnam National Administration of Tourism...

Hoa Phat steel sales in April drop 24% y-o-y

HCMC – Though local steelmaker Hoa Phat Group ramped up production in April, with raw steel output rising 19% month-on-month to 525,000 tons, its sales dropped further to 457,000 tons, down 8% versus ...

VIAC, KoCham team up to mitigate legal risks in business

HCMC – The Vietnam International Arbitration Center (VIAC) and the Korean Chamber of Commerce (KoCham) in Vietnam have recently signed a cooperation agreement to support businesses on legal risk mitig...

Vietnam’s Ri6 durians exported to UK

HCMC – The first batch of Vietnamese Ri6 durians exported to the United Kingdom (UK) is now available on the shelves of supermarkets there. The five-ton shipment of Ri6 durians arrived the UK at zero ...

Can Tho to build five overpasses to ease congestion

HCMC – The Mekong Delta city of Can Tho is working on a VND2,100-billion plan to build five overpasses at key intersections in the downtown area. The planned construction sites are major crossroads be...

Nhon-Hanoi Station metro line faces cost overruns

HCMC – Hanoi City has proposed increasing the cost of the Nhon-Hanoi Station urban rail line by VND1.9 trillion and extending the deadline for the completion of the project until 2027. The higher-than...

State budget revenue drops in Jan-April

HCMC – State budget revenue in the first four months of 2023 totaled VND645.4 trillion, down 5% year-on-year and reaching 40% of the year’s estimate, according to the Ministry of Finance. Revenue from...

Dong Nai lacks fill materials for major construction projects

HCMC – Dong Nai needs 7.7 million cubic meters of fill materials, including soil and sand, for its two major projects, Bien Hoa-Vung Tau Expressway and the HCMC Beltway No. 3 section that passes throu...

Heat sends electricity consumption soaring to record highs in HCMC

HCMC – Hot weather has sent electricity consumption in HCMC soaring to record highs in recent weeks as the demand for air conditioning and electric fans has skyrocketed. The city used 94.4 million kWh...

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