Hoang Anh Gia Lai to issue nearly 162 million shares

Hoang Anh Gia Lai Joint Stock Company (HAG) has approved a plan to issue nearly 162 million shares to increase its working capital and pay for its bonds that fall due.

The US$1 billion Lego project and the FDI "filter"

The issuance of an investment certificate to Lego's ‘green’ project may open a new chapter in attracting foreign investment in Vietnam.

USAID launches Species Conservation Fund in Việt Nam

The United State Agency for International Development (USAID) Biodiversity Conservation Activity has launched a $1.4 million Species Conservation Fund (SCF) in Vietnam.

Ministry proposes further tax cut to cool down rising petrol prices

The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.

HSBC lowers Vietnam’s inflation forecast to 3.5 percent

HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5% from its earlier prediction of 3.7% due to the stable domestic food price, according to a report released on June 14.

Pharmaceutical industry less affected in pandemic

While most manufacturing and trading industries faced difficulties due to rising input prices, the pharmaceutical industry has been less affected.

Pickled olives, anyone?

The white olive, or ca na in Vietnamese, is a popular fruit in the Mekong Delta province of Vinh Long, especially during the flooding season. In fact, ca na mixed with chili, salt and sugar is a favorite snack for most locals.

Vietnam ranks 89th in cost of living index rankings

Vietnam jumped six notches to 89th in the cost of living index rankings for 2022 with 37.48 points, as compiled by Numbeo.

High-speed boat service between HCMC and Mekong Delta likely in Q3

A new high-speed boat service linking HCMC and the Mekong Delta provinces of Tien Giang and Ben Tre is expected to be launched in the next quarter to promote local tourism, according to the HCMC transport authority’s plan.

Corals die en masse under the sea of Hon Mun

Hundreds of square meters of rare coral on the seabed of Hon Mun in Nha Trang Bay (Khanh Hoa province) have died with no known cause.

VFF to work on coach Gong’s future following U23 Asian Cup

The Vietnam Football Federation (VFF) is expected to work on the future of coach Gong Oh-kyun as soon as he returns from his home country the Republic of Korea following a training course.

State-owned enterprises miss great opportunity

The world is changing, and many great opportunities have opened up for Vietnam. However, state-owned enterprises (SOEs), which have the greatest potential, cannot take advantage of these opportunities.

VIETNAM BUSINESS NEWS JUNE 14

HCM City launches production, shopping stimulus programmes

Runner dies at VnExpress Marathon

An athlete died during the 21km category of the VnExpress Marathon Sparkling Quy Nhon, according to the organising board this morning.

Bank interest margins under pressure due to high inflation

Experts forecast that bank net interest margins (NIM) will decline as inflation rises next month.

VIETNAM NEWS HEADLINES JUNE 14

Four killed and 12 injured in Ninh Binh bus crash

Ministry reviews anti-dumping measure imposed on Chinese aluminum

The Ministry of Industry and Trade (MoIT) has announced the second review of anti-dumping measures imposed on some aluminum products from China.

HCM City says will quarantine monkeypox cases

People in HCMC who test positive for the monkeypox virus will be quarantined and treated at the HCMC Hospital for Tropical Diseases, said the municipal health authority.

Ten more property firms cry for help

After 95 real estate enterprises in HCM City proposed removing obstacles to 102 housing projects, ten others have made the same petition as their 11 projects are having difficulty with procedures.

Vietnamese proptech startup Houze bags $2 million

Vietnamese proptech startup Houze has secured $2 million in its latest funding round led by DKRA Group to expand its fully integrated real estate ecosystem for agents and customers through its offline-to-online platform.

Vietnam considers abolishing oil price stabilisation fund

The Ministry of Finance has put forward a proposal to abandon the petrol and oil price stabilisation fund in the pricing bill (revised) and is currently gathering public opinions on the matter.

US grants US$19 mln more to support UXO clearance in Vietnam

The United States will provide an additional US$19 million in grant to help clear leftover unexploded ordnance (UXO) in Vietnam.

HCMC Transport Dept proposes halving seaport fees

The HCMC Department of Transport has proposed the city government ask the People’s Council for approval to halve the seaport fees for goods transported on waterways.

When will Vietnam have a technology USD billionaire?

Chairman of Hoa Phat Group Tran Dinh Long and Chairman of Thaco Group Tran Ba Duong are the two Vietnamese USD billionaires in 2022 who work in the manufacturing industry.

Public bicycles hoped to change travel habits in Hanoi

Residents and tourists in Hanoi will soon have more options for getting around after the city’s authorities approved 200 public bicycle stations.