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Image: PM wants 95% of public investments disbursed in 2023

PM wants 95% of public investments disbursed in 2023

HCMC – Prime Minister Pham Minh Chinh has set a target to achieve a disbursement rate of at least 95% of all public investments planned for this year, equivalent to over VND676 trillion. He emphasized public investment was a resource and motivation for national development at the teleconference on

Image: Vietnam announces plan to combat illegal fishing practices

Vietnam announces plan to combat illegal fishing practices

HCMC – Vietnam has begun to act against illegal, unreported and unregulated (IUU) fishing practices to shed seafood export restrictions imposed by the European Union. The Ministry of Agriculture and Rural Development on February 20 announced its plan to fight IUU fishing within 180 days before the

Image: Last operational undersea cable link with Vietnam turns choppy

Last operational undersea cable link with Vietnam turns choppy

HCMC – SMW3, the fifth undersea internet cable connected with Vietnam, has become choppy while the fixing of four other faulty submarine cables has yet to be completed. An internet service supplier in Vietnam said on February 21 that errors have been detected on the SMW3 cable at the S2.7 section

Image: Central bank withdraws money from market ahead of Fed meet

Central bank withdraws money from market ahead of Fed meet

HCMC – Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to slow credit growth. It issued 7-day and 91-day treasury bills totaling VND107 trillion, with the 7-day term accounting for much of the amount, at VND87

Image: Gasoline prices inch down

Gasoline prices inch down

HCMC – Domestic fuel prices fell by around VND300-750 per liter or kilogram starting today, February 21, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON95-III gasoline and E5 RON92 bio-gasoline now sell for VND23,440 and VND22,540 per liter, with

Image: Quang Ninh, Lai Chau reopen border gates

Quang Ninh, Lai Chau reopen border gates

HCMC – After a three-year Covid-19 hiatus, all immigration and freight services between Vietnam and China have been restored at the Mong Cai and Ma Lu Thang northern border gates in Quang Ninh and Lai Chau provinces, respectively. Chinese authorities required individuals entering China via the Bac

Image: Cleared land must be handed over to Long Thanh airport project in Q1

Cleared land must be handed over to Long Thanh airport project in Q1

HCMC – Deputy Prime Minister Tran Hong Ha has told Dong Nai Province and the Airports Corporation of Vietnam (ACV) to expedite the clearing of the remaining areas to deliver all sites of the first phase of the Long Thanh International Airport project this quarter. The Government Office has

Image: Thailand’s largest retailer to invest US$1.45 billion in Vietnam by 2027

Thailand’s largest retailer to invest US$1.45 billion in Vietnam by 2027

HCMC – Central Retail Corporation (CRC), Thailand’s largest retailer, has announced a new investment amounting to US$1.45 billion in Vietnam in 2023-2027 to expand its operations. After its acquisition of Nguyen Kim, a home appliance distribution chain in Vietnam, and its opening of Go!

Image: Changes to HCMC Beltway 4 project proposed to cut costs

Changes to HCMC Beltway 4 project proposed to cut costs

HCMC – In addition to the planned direction, the HCMC government has sent the Government two more alternatives for the Beltway No. 4 project, which are believed to help cut costs and reduce impacts on local residents along the way. The first option follows the original plan, spanning over 17

Image: Ben Tre to invest over VND13 trillion in coastal road

Ben Tre to invest over VND13 trillion in coastal road

HCMC – The Mekong Delta province of Ben Tre plans to build a 53-kilometer-long coastal road this year at a total estimated investment cost of VND13 trillion, reported the local media. Cao Duc Minh, director of the Ben Tre Department of Transport, unveiled the plan yesterday, January 19, saying the

Image: Special consumption tax on gasoline still in place

Special consumption tax on gasoline still in place

HCMC – The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050. The special consumption or excise tax is a government levy on specific goods and services whose

Image: HCMC cuts land rent for Covid-affected individuals, organizations

HCMC cuts land rent for Covid-affected individuals, organizations

HCMC – The HCMC Tax Department has announced rent cuts for land and water surfaces for those affected by the Covid-19 pandemic in compliance with a Government resolution. According to the HCMC Tax Department’s Notification No. 1465, rent reductions for land and water surfaces are applicable to the