HCMC – The government of District 7 in HCMC has proposed converting the 300-hectare Tan Thuan Export Processing Zone into a hi-tech park with housing and commercial services. At a seminar on strategy to develop District 7 by 2030 with a vision to 2045 on June 28, District 7 vice chairman Le Van Thanh said […]

The post Tan Thuan EPZ proposed to be converted into hi-tech park appeared first on The Saigon Times.

HCMC – The HCMC Real Estate Association (HoREA) has written to the prime minister and the State Bank of Vietnam proposing continued lending to clients with secured assets. Give its feedback on the draft of an amended circular, HoREA suggested giving loans to customers who intend to open savings accounts to show proof of financial […]

The post HoREA suggests continuing lending to borrowers with secured assets appeared first on The Saigon Times.

HCMC – The Ministry of Health has not yet recognized Covid-19 as an endemic disease as new cases and deaths remain high worldwide. In its latest draft Covid prevention and control measures in a new normal, the ministry cited WHO as saying that Covid remains a global health emergency and that more variants of the […]

The post Health Ministry yet to see Covid as endemic disease appeared first on The Saigon Times.

HCMC – Tri Viet Securities Corporation (TVB) at its annual general meeting on June 25 decided to appoint and relieve some persons to/from the posts in the company’s board of directors and board of supervisors. The securities company relieved board members Nguyen Tien Son, Do Duc Nam, and Do Thanh Ha. Among them, Nam was […]

The post TVB shakes up leadership after shareholders meeting appeared first on The Saigon Times.

HCMC – Vietnam earned some US$28 billion from farm produce exports in the first six months of 2022, up 14% year-on-year, according to data from the Ministry of Agriculture and Rural Development. Of the agro-forestry-fishery export value, the main agricultural products accounted for nearly US$11.4 billion between January and June, up 8.8% year-on-year, while the […]

The post Jan-June farm produce exports grow sharply appeared first on The Saigon Times.

HCMC – Due to rising airfares, domestic tours are more expensive than outbound tours, according to the Vietnam Tourism Association. At a conference to discuss solutions to remove difficulties in production and business in the second half of the year on June 27, Minister of Planning and Investment Nguyen Chi Dung said the situation was […]

The post Domestic tours costlier than outbound tours appeared first on The Saigon Times.

HANOI – It is not until 2025 that the local aviation sector can fully recover due to rising fuel prices and the slower-than-expected reopening of international markets, according to domestic airlines. The Vietnamese aviation market has recovered fast and the country is among the 10 fastest-growing aviation markets. Dinh Viet Thang, head of the Civil […]

The post Aviation industry forecast to fully recover in 2025 appeared first on The Saigon Times.

HCMC – A blaze erupted at a cashew warehouse in the southern province of Binh Phuoc today, June 28, causing an estimated loss of VND3 billion. Residents on Phuoc An Street in Phuoc Long Town’s Phuoc Binh Ward discovered a giant column of black smoke from the cashew nut warehouse at 6:00 a.m. on the […]

The post Cashew warehouse fire causes losses of VND3 billion appeared first on The Saigon Times.

HCMC – Work will begin in quarter four on two expressway sections connecting the central provinces of Phu Yen and Khanh Hoa, with a total investment of VND23.5 trillion. The project management board No.7 has sent a feasibility study of the Chi Thanh-Van Phong and Van Phong-Nha Trang sections to the Ministry of Transport, reported the […]

The post Work on Phu Yen-Khanh Hoa expressway to start by year-end appeared first on The Saigon Times.

CAN THO – The prices of animal feed will rise by VND300-400 per kilogram on July 1, marking the sixth straight upward adjustment this year. Koji Inoue, general director at Kyodo Sojitz Feed Company, has informed the firm’s outlets of the selling price adjustment. The firm will revise the price of animal feed for piglets […]

The post Animal feed prices soar for sixth straight time this year appeared first on The Saigon Times.

HCMC – The Saigon Hi-Tech Park (SHTP) in HCMC will focus on calling for investment in the logistics, service, smart warehouse and hi-tech fields in the 2022-2025 period, with numerous incentives to be offered to investors. Speaking at a conference on promoting investment in the hi-tech park held by the SHTP management board on June […]

The post SHTP says to offer multiple incentives to firms appeared first on The Saigon Times.

Although they were back to to school in the 2nd semester of the school year, students of Vietnam Australia International School (VAS) still fully enjoyed extra-curricular and talent development activities, and won more than 300 academic awards from city level to national and international levels in the school year 2021-2022. A variety of extracurricular activities […]

The post Impressive achievements of VAS students in the school year 2021-2022 appeared first on The Saigon Times.

HCMC – Sao Mai Group Corporation (ASM) has passed a plan to transfer all its stake in Jun Chow Tea Ltd., Co. Jun Chow Tea Company has its charter capital of VND44.85 billion. It is headquartered in Nghia Tan Ward, Gia Nghia City, Dak Nong Province in the Central Highlands. Regarding the business performance of […]

The post Sao Mai Group to transfer entire stake in tea company appeared first on The Saigon Times.

HCMC – Vietnamese and French experts will join hands to renovate Hanoi City’s deteriorating Long Bien Bridge in the coming months. The Hanoi government has decided to form an expert team led by Do Viet Hai, deputy director of the municipal Department of Transport, to implement the Long Bien Bridge  rehabilitation project financed by the French […]

The post Vietnam joins hands with France to renovate Hanoi’s Long Bien bridge appeared first on The Saigon Times.

HCMC – Multiple international air routes linking Danang City and regional destinations will be reopened from now until the end of 2022, giving an impetus to tourism growth in the city. Ho Ky Minh, vice chairman of the municipal government, on June 27 said that by the end of the year, as many as 15 […]

The post Multiple int’l air routes to Danang to be reopened by year-end appeared first on The Saigon Times.

HCMC – The Korea Tourism Organization (KTO) in Vietnam officially restarted MICE tourism, a type of tourism combining meetings, incentives, conferences and events via a roadshow held in HCMC and Hanoi last weekend to promote MICE tours between South Korea and Vietnam. The event gathered representatives from 25 travel agencies from South Korea and more […]

The post KTO in Vietnam restarts MICE tourism appeared first on The Saigon Times.

HCMC – Deputy Prime Minister Le Van Thanh has asked the Ministry of Transport and localities where the eastern North-South Expressway project in the 2021-2025 period will pass through to award no-bid contracts to companies involved in some packages of the project. According to the Government Office’s statement on the deputy prime minister’s requirement, contractors […]

The post Govt approves appointment of contractors for North-South expy project appeared first on The Saigon Times.

In 2022, Indonesia is under the spotlight for G20. The Group of Twenty (20) is the premier international economic cooperation for addressing global challenges and concerns through collective actions. G20 brings together world’s major developed and developing economies with high economic power in terms of GDP nominal. The climax of G20 Presidency will be during […]

The post G20 Presidency 2022: Recover together and recover stronger appeared first on The Saigon Times.

Property developer NovaGroup has said that the company will continue to carry out a large-scale tree planting program in the south-central province of Binh Thuan this year. Last April, NovaGroup kicked off the “Growing 50 million trees in Lam Dong Province” program in 2021-2025 with an initial budget of VND11 billion. This activity is part […]

The post Businesses strive to make living spaces greener appeared first on The Saigon Times.

Creating an estimated one-third of the world’s overall waste and more than 30% of global carbon dioxide emissions, the property development industry should pursue green projects to help meet climate goals. On the journey towards a greener economy, it is time for real estate developers in Vietnam to consider sustainable environmental solutions to cushion the […]

The post Green real estate ideas help create a sustainable urban environment appeared first on The Saigon Times.

HCMC – People in HCMC are required to sign a pledge for declining to get Covid vaccine booster shots and must bear responsibility if they spread the disease, said the HCMC government. The municipal government on June 24 asked the authorities of Thu Duc City and all districts across the city to continue their efforts […]

The post Covid booster shot refusers in HCMC must take responsibility: authority appeared first on The Saigon Times.

A recent surge in the number of stock trading accounts is not quite good news for the economy, many of these accounts might be inactive The CEO of a securities company bragged about the vast number of stock trading accounts opened at his company, saying “hundreds of thousands of trading accounts remain to be counted, […]

The post When the number does not matter appeared first on The Saigon Times.

HCMC – Investigators of the Danang Police Department have filed charges against Ton That Thanh, director of the city’s Center for Disease Control (CDC), due to irregularities related to the procurement of Covid test kits from Viet A Technology Corporation. Thanh, aged 58, was arrested at his house on Le Loi Street in Hai Chau […]

The post Danang CDC director detained in Viet A test kit case appeared first on The Saigon Times.

HCMC – Vietnam had a trade deficit of some US$56 billion with Asia in the first five months of 2022 as imports jumped, according to the General Statistics Office. China and South Korea were among Vietnam’s biggest exporters during the January-May period. The country shipped goods worth US$71.4 billion to Asia between January and May, […]

The post Imports from Asia rise more sharply than exports appeared first on The Saigon Times.

HCMC – Hoa Phat Group JSC (HPG) has proposed developing infrastructure for the Bai Goc seaport and Hoa Tam industrial park in Dong Hoa Town in Phu Yen Province, with a total cost of some VND120 trillion. The projects will be executed within 36 months, a representative of the leading Vietnamese steelmaker told a recent meeting […]

The post Hoa Phat wants to invest big in two infrastructure projects appeared first on The Saigon Times.

HCMC – Vietnamese exporters have regained ownership of all 100 cashew nut containers that faced a risk of being swindled in Italy in March, said Tran Thanh Hai, deputy head of the Import-Export Department under the Ministry of Industry and Trade. The Vietnam Trade Office in Italy said that after discovering signs of a cashew […]

The post Vietnam exporters regain ownership of all cashew containers in suspected scam appeared first on The Saigon Times.

Every year, VAS has more than 90% of students getting approved and winning scholarships to study at prestigious universities around the world. Now many of them are pilots, entrepreneurs, or future media experts… Let’s meet and listen to the “review” of those prominent Gen Z alumni when talking about their high school! Dao Tuan Hung […]

The post Meeting outstanding “Gen Z” alumni grown up from VAS appeared first on The Saigon Times.

HCMC – Two cars collided on National Highway 22 in the outlying district of Cu Chi in HCMC at daybreak today, June 20, leaving two people dead. The police of Cu Chi District are investigating the deadly road accident occurring on the section of the highway in Tan Thong Hoi Commune at 1:00 a.m. on […]

The post Two die in car crash in HCMC appeared first on The Saigon Times.

HCMC – The Ba Ria-Vung Tau police have cracked down on a large-scale substandard gasoline production ring in Phu My Town, detaining the 38-year-old ringleader and seizing coloring powder, octane testing equipment and relevant documents. The Investigation Police Division on Economic, Corruption-related Crimes and Smuggling under the provincial Department of Police on June 19 arrested […]

The post BR-VT busts massive substandard gasoline production ring appeared first on The Saigon Times.

HCMC – The Ministry of Finance has proposed cutting the environmental protection tax on gasoline by half to VND1,000 per liter and other fuels by 30-70% as the rising fuel prices are weighing on Vietnam’s economy. The ministry has drafted a resolution for the National Assembly Standing Committee regarding further fuel environmental protection tax reductions […]

The post Gasoline environment tax seen falling to VND1,000 per liter appeared first on The Saigon Times.

While the requirement for upgrading the local stock market’s status from frontier to emerging could spur the market’s growth in the long term, many investors are awaiting the State divestment wave and consider it a short-term supporting factor. Meanwhile, many large firms with positive business results may sell shares this year. Hovering around 1,300 points […]

The post Waiting for State divestment wave appeared first on The Saigon Times.

Hidden in a vast forest in the west of Quang Binh Province, Thien Duong (Paradise) Cave has been described as a beautiful natural masterpiece that never fails to enchant tourists The cave was found by a local resident in 2005, according to the management of the Thien Duong Cave. The local felt a breeze blowing […]

The post Exploring the magnificent cave of Quang Binh appeared first on The Saigon Times.

The Saigon Times interviewed Tran Ngoc Tho, Ph.D, professor at HCMC University of Economics The Saigon Times: Economists have not reached common ground on measures to contain inflation, like Joseph Stiglitz, who says raising interest rates cannot fix inflation because “it’s not going to create more food,” while Lawrence Summers urges Fed to raise interest […]

The post Between inflation and growth appeared first on The Saigon Times.

The Dap (hitting) cake is a specialty familiar to both young and old locals in Quang Nam Province. However, what’s most interesting is how this cake is eaten. Dap cake is a midday snack favored by local farmers. Locals love eating this cake during Tet (Lunar New Year) holiday. The specialty is often available at […]

The post You can have your dap cake and hit it too appeared first on The Saigon Times.

In addition to the risk of bad debts owed by Covid-hit customers, the rise of deposit interest rates rapidly rising is seen as the main risk for the banking system now and in the future. This is expected to narrow the net interest margin of banks, considering how unlikely it is for lending rates to […]

The post The risk of surging deposit rates appeared first on The Saigon Times.

With its development journey of over 300 years, HCMC boasts many buildings featuring the cultural and artistic values of other parts of the country and other countries, especially France. These include the Notre Dame Cathedral, the HCMC Post Office, the building of the HCMC government and the Saigon Opera House, among others, which have witnessed […]

The post French architecture stands tall in HCMC appeared first on The Saigon Times.

Having escalated non-stop for almost a year, inflation has now become an issue of grave concern, threatening the post Covid-19 recovery of economies worldwide In its recent World Economic Outlook, the International Monetary Fund (IMF) forecasts inflation this year will likely be 5.7% in advanced economies, and 8.7% in emerging and developing ones, much higher […]

The post Fuel tax cuts as the best inflation countermeasure appeared first on The Saigon Times.

HCMC – The HCMC Department of Transport has proposed that a 33-kilometer section of the HCMC-Can Tho express railway in HCMC should have elevated tracks to facilitate the project’s execution. At a meeting between the Ministry of Transport and localities on the express railway on June 17, deputy director of the HCMC Department of Transport […]

The post HCMC moots 33 km elevated section for express railway in city appeared first on The Saigon Times.

HCMC – The HCMC government is calling for investment totaling over VND943.9 trillion in 197 projects this year. The city has approved a list of projects for investment attraction proposed by the municipal Department of Planning and Investment, the local media reported. The list included many traffic infrastructure projects, typically the HCMC-Moc Bai Expressway with […]

The post HCMC seeks investment for 197 projects appeared first on The Saigon Times.

HCMC – Residents have long insisted that five residential quarters in three wards in Thu Thiem Peninsula, HCMC are outside the boundary of the Thu Thiem New Urban Area, but the Government Inspectorate has concluded following an inspection that these quarters are inside the new urban area. The opposite views will certainly make it tough […]

The post Thu Thiem land dispute remains unresolved appeared first on The Saigon Times.

HCMC – From June 18 to June 29, residents in HCMC can witness Energy Observer Odyssey, the first hydrogen-powered, zero-emission vessel to be self-sufficient in energy, advocating and serving as a laboratory for ecological transition. HCMC is the 73rd stopover of its round the world odyssey. On the occasion, the Energy Observer crew will be […]

The post Energy Observer Odyssey comes to HCMC appeared first on The Saigon Times.

HCMC – Hoa Phat Textbook Printing JSC, which trades its HTP shares on the Hanoi Stock Exchange, is planning two share issues to raise funds for investment in two real estate companies this year. The domestic firm will inject more capital into its subsidiary Hung Vuong Developer and contribute capital to Bach Phu Thinh Company […]

The post HTP plans to raise funds for real estate investment appeared first on The Saigon Times.

HCMC – A book, “Wayne in Vietnam: In the Land of Resilience”, narrates the story of Wayne Besant, CEO of AIA Vietnam, who has lived in Vietnam for seven years. These stories are about Vietnam, the country Besant considers his second home, its resilience and its people. Wayne Besant collaborated with Hoa Lai, a Vietnamese […]

The post New Zealander narrates Vietnam’s resilience appeared first on The Saigon Times.

HCMC – Huynh Van Dong, director of the Center for Disease Control (CDC) in Khanh Hoa Province, and Tran Quoc Huy, head of the center’s Administrative Office, have been charged with allegedly violating bidding regulations while procuring Covid test kits from Viet A Technology Corporation. Investigators of the Khanh Hoa Police Department on June 15 […]

The post Khanh Hoa CDC director charged with test kit procurement irregularities appeared first on The Saigon Times.

HCMC – The flight frequency on the Vietnam-China route has been increased from one to two flights per week, said the Civil Aviation Authority of Vietnam (CAAV). The Civil Aviation Administration of China (CAAC) yesterday, June 16, wrote to its Vietnamese counterpart, saying that the Chinese side has allowed the airlines of the two countries […]

The post Flight frequency between Vietnam and China increased appeared first on The Saigon Times.

HCMC – Health centers and hospitals in HCMC are not facing a shortage of medicine, an official from the municipal Department of Health confirmed at a press briefing on June 16. Le Thien Quynh Nhu, deputy chief of the Office of the department, said the department had reviewed and worked with 77 general hospitals and […]

The post No shortage of medicine in city, says HCMC health department appeared first on The Saigon Times.

HCMC – An exhibition of 36 books and images featuring the life of Journalist Nguyen Ai Quoc (later known as Ho Chi Minh) and the 100th year of Le Paria newspaper is on in downtown HCMC. The event is being held by the HCMC Journalists Association, the HCMC Department of Culture and Sports and the […]

The post Journalist Nguyen Ai Quoc and 100 years of Le Paria newspaper appeared first on The Saigon Times.

HCMC – The ministries of Industry-Trade and Finance have requested the central Government to cut taxes and fees on fuels to drive down the fuel prices that have shot up to all-time highs. Rising global oil prices have sent domestic fuel prices soaring, placing an unbearable burden on the public and the business community which […]

The post Lower fuel taxes and fees sought as soaring prices weigh on economy appeared first on The Saigon Times.

HCMC – Two cashless streets were launched in Danang City yesterday, June 16, to create a convenient shopping experience for residents and tourists, said a local official. Nguyen Van Linh and Tran Van Tru streets in Hai Chau District in downtown Danang were chosen to promote cashless transactions at all shops on a trial basis […]

The post Cashless streets launched in Danang appeared first on The Saigon Times.

As a major cell phone company in Vietnam, MobiFone always considers corporate social responsibility (CSR) as part of its business strategy. The mobile service carrier has spent big on CSR activities over the past two years to help those in need overcome difficulties and head towards a better future, let alone its special support to […]

The post MobiFone lends the underprivileged a helping hand appeared first on The Saigon Times.