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Thursday, February 9, 2023



Tolls adjusted up on four expressways as VAT back to 10%

HCMC - Tolls on four expressways in the country have increased slightly since January 1, 2023, as the value-added tax (VAT) was adjusted up...

Some 20,000 PouYuen workers take paid leave amid order shortfall

HCMC – A fall in new orders has forced PouYuen Vietnam, a major footwear manufacturer of Taiwan, to require 20,000 of its employees to...

Funding shortfall leaves Ben Luc-Long Thanh Expy suspended

HCMC – The slow pace of capital disbursement has impeded the progress of the Ben Luc-Long Thanh Expressway project, leaving it unable to meet...

Wrongdoings leave VND32 trillion wasted on public investment projects

 HCMC - Inadequate preparation, poor estimates in assessing total investments needed, and illogical surveys and approvals still exist in public investment projects, repeatedly causing...

VEC proposes investing VND14.7t in expy expansion project

HCMC - The Vietnam Expressway Corporation (VEC) wants to tap its own budget totaling VND14.7 trillion to widen a section of the HCMC-Long Thanh-Dau...

Local banks hike savings rates

 HCMC – Many banks have hiked interest rates for savings in all tenors since the State Bank of Vietnam increased key interest rates and interest rate...

Over VND8.7 trillion proposed for Yen Bai-Lao Cai Expressway expansion

HCMC – The Vietnam Expressway Corporation (VEC) has proposed expanding the Yen Bai-Lao Cai Expressway, part of the Noi Bai-Lao Cao Expressway, from two...

Export sector is bright spot for Vietnam economy

 New statistics show that Vietnam’s exports in April expanded a staggering 25% year-on-year at US$33.26 billion while imports reached US$32.19 billion, up 15.5%.

ETC systems available on VEC’s expys by Q3

HCMC - The Vietnam Expressway Corporation (VEC) will install electronic toll collection (ETC) systems on all expressways under its management by the end of...

Vietnam drops on-arrival testing and quarantine requirements for aliens

 Vietnam no longer requires aliens to take an on-arrival Covid-19 test and self-quarantine, according to the Ministry of Health’s new guidelines.

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