Ho chi minh city to hoi an

One public bicycle for rent in Ho Chi Minh City was reported stolen recently and then retrieved by police officers, according to Tri Nam Digital Transportation Services Joint Stock Company, the public bike rental service provider in the city. The company was notified on Tuesday via its burglary alarm system that a bike with the plate number X51H-21.888 was traveling when it had not been rented. The company’s dispatch team immediately tracked the GPS location of the lost bike and teamed up with local police to inspect a local household on the Cach Mang Thang Tam Street section passing through Ward 6, Tan Binh District. The forces then found the bike with the plate number mentioned above and discovered that someone had sold the bike to the current owner. Tri Nam Company reported the case to police officers in Ben Nghe Ward, District 1 for further investigation. As of Wednesday, police managed to arrest the thief and retrieve the bike. Officers are working to take further … [Read more...] about Public rental bike in Ho Chi Minh City stolen

Ho Chi Minh City is also willing to boost long-term cooperation with the Republic of Korea (RoK) in green economy, Chairman of the municipal People’s Committee Phan Van Mai said while receiving Korean Deputy Minister of Environment Kum Hang-seung in the city on March 28. As the city is preparing for its strategy on sustainable development, green and circular economy, it expects to learn from the RoK’s experience in building policies, standards and roadmaps to achieve goals of the sustainable development strategy, he said. Speaking highly of the RoK’s potential, Mai expected that in its pioneering role, the RoK would lead major cities in Asia to foster sustainable economic development, build green economies and protect the environment. Kum, for his part, said the two countries have organized annual ministerial meetings on environment to share relevant policies. The RoK chose 2023 as the year of green technology growth and via international cooperation, it will share technologies … [Read more...] about Ho Chi Minh City, RoK step up cooperation in environmental protection

The expos are expected to attract 230 companies, 50% higher than that of last year’s shows, said Nguyen Ba Vinh, Director of Minh Vi Exhibition and Advertisement Services Co., Ltd., the expos’ organizer. They are from 20 countries and territories, and India continues to be the country of honor at the expos, with many Indian companies taking part, he said. Speaking at a press briefing on March 28 to introduce the four expos, Luu Hoang Ngoc, Deputy General Director of Vietnam Chemicals Agency under the Ministry of Industry and Trade, said paint, paper, rubber and plastic industries played an important role in supporting the development of many other industries. Rapid development of a rich and diverse range of products in recent years also raised concerns about their harmful effects on the environment and human health. This required authorities, organizations and businesses to join hands to find solutions for this issue, he said. "Green economy, circular economy and sustainable … [Read more...] about Ho Chi Minh City to host international paper, coatings, rubber, and plastic expos

A customer chooses Masan's products at a supermarket. The company's shares jumped 1.55 per cent on Wednesday, supporting the rally trend. — Photo courtesy of Masan Stock markets were mixed on Wednesday with the VN-Index extending its rallies, but gains were capped as investors were more cautious after GSO had revealed data showing that the economy grew modestly in the first quarter. The market's benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 2.04 points, or 0.19 per cent, to close Wednesday at 1,056.33 points. The index inched higher, despite the fact that there were more stocks performing poorly, thanks to gains of large-cap stocks, and marked its seven days of the rally. On the southern bourse, 128 stocks increased while 176 ticker symbols went down. Liquidity fell sharply compared to Tuesday's trading day, of which the trading value of HoSE dropped by nearly 26 per cent over the previous session to more than VND8.3 trillion (US$353.4 million). The … [Read more...] about Investors turn caution after GDP data, liquidity falls sharply

On March 26, HoREA sent a document to Prime Minister Pham Minh Chinh to propose some solutions for credit and project transfers to remove difficulties in the real estate market. According to HoREA, Decree No.08/2023/ND-CP has had a positive impact on the confidence of the market and its investors. This is the legal basis to pave the way for a negotiated agreement between the companies that have issued upcoming bonds and the bondholders. The decree, dated March 5, focuses on amending, supplementing, and ceasing the effect of a number of articles in previous decrees on the private placement of corporate bonds and the trading of privately placed corporate bonds on the domestic market, along with the offering of corporate bonds on the international market. These mechanisms and policies will remove the difficulties businesses have issuing bonds that are about to come due and support bondholders, while at the same time creating favourable conditions for the transfer of … [Read more...] about HoREA proposes extension of repayment schedules for businesses

C.P. Vietnam was one of over 500 businesses to pick up an honour Last week, the 2023 High-Quality Vietnamese Goods awards took place in Ho Chi Minh City, themed on 27 years of high-quality goods and a greener economy. At the ceremony, livestock company C.P. Vietnam Corporation (CPV) was one of over 500 businesses to pick up an award. The ceremony was attended by Minister of Agriculture and Rural Development Le Minh Hoan, Chairman of Ho Chi Minh City People’s Committee Phan Van Mai, and leaders of departments, local trade promotion agencies, business associations, and companies. Ho Van Duc, CPV’s vice president, attended the ceremony to receive the certificate. During 30 years of investment and development in the country, CPV is increasingly familiar to both partners and customers. The animal feed business is the first link in the company’s 3F Plus closed production chain, which has received trust over the years and gradually became a pioneer in animal feed, bringing … [Read more...] about C.P. wins big again with quality goods

The market in new urban areas is set to become more active Photo: Le Toan March has seen a flurry of activity in welcoming quality real estate products in Vietnam. Singaporean group CapitaLand Development, saw all of [email protected] West Lake booked up after being introduced to the market on March 19. The Elysian project developed by Gamuda Land is also reportedly being well observed by buyers due to the prestige of the developer, the good location, and high quality of the project. Domestic groups are also joining the rush. Nam Long Investment JSC said that the business is implementing a series of plans in 2023, in which priority is being given to ventures in large urban areas such as Waterpoint, Mizuki Park, Nam Long Can Tho, Nam Long Dai Phuoc, Akari City, and Izumi City. Meanwhile, Hung Thinh Land introduced the 9X An Suong project in the northwest of Ho Chi Minh City. In the southern province of Binh Duong, Phu Dong Group is about to open for sale an apartment project … [Read more...] about Positive real estate signs march ahead

Nurses and doctors at Khanh Hoa General Hospital in the namesake south-central Vietnamese province rolled out a meaningful program to offer singing performances as well as free haircuts and hair-washing services to patients as a way to spread a spirit of positivity at places that many people see pain and suffering. The program called 'Sharing Love,' hosted at the hospital on Thursday last week, was aimed at helping patients receiving treatment there find joy and happiness. Part of the hospital yard is used as a salon for free haircut and washing services. Photo: Hoai Bao / Tuoi Tre Positivity spreads throughout hospital The initiative featured the participation of hospital medical workers and the support from many philanthropists, said Doan Thi Thuy Loan, head of the social work division at the hospital. Nurses and doctors joined hands with the band Jamcha, A Tai Barber Shop in Nha Trang City, and Phuc Thien Pharmaceutical Joint Stock Company in Ho Chi Minh … [Read more...] about Doctors spread positivity to patients in south-central Vietnam

As foreign direct investment (FDI) business representatives and analysts gathered at an investment forum Wednesday morning, Deputy CEO of Deloitte Vietnam Phan Duc Hoang said that the new global minimum corporate tax was designed to block multinationals from tax avoidance. Starting next year Vietnam is set to apply a 15% tax on profits from multinationals with total revenues of at least EUR750 million ($819 million) in two of the preceding four years. Hoang said if a South Korea-based company that has a factory in Vietnam is paying taxes for less than 15% of its profits, it will be taxed in South Korea to ensure the 15% level is achieved. If South Korea does not also implement the extra tax on the company, other countries that have approved the new global minimum corporate tax, such as Indonesia and Thailand, will have the rights to impose the tax, he added. For this reason, Do Thien Anh Tuan from the4 Fulbright School of Public Policy and Management, forecast that Vietnam will … [Read more...] about Don’t rely on tax incentives for FDI: analysts

A bank employee handles cash. The corporate bond market has flourished with an estimated annual issuance value of over 500 trillion VND (21.9 billion USD) in 2021. (Photo: VNA) Hanoi (VNS/VNA) - The State Bank of Vietnam (SBV) has unveiled a preliminary revision to Circular 16, requesting public input on proposed modifications that would permit credit institutions to procure corporate bonds as a means of boosting liquidity in the corporate bond market . The revision corresponds to Decree 08 of the Government, which went into effect on March 5 and aims to address bottlenecks in the corporate bond market. Circular No. 16/2021/TT-NHNN, issued on November 10, 2021, delineated principles for the acquisition and sale of corporate bonds by credit institutions. The preliminary revision aims to clarify and expound on various components of Circular 16 to avoid ambiguities and gaps. The notable changes include more specific regulations for banks in investing in corporate bonds, … [Read more...] about SBV’s draft regulations encourage banks to support corporate bond market