HCMC studying development around Tan Son Nhat airport
Investment

HCMC studying development around Tan Son Nhat airport

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai has assigned Tan Binh, Tan Phu, and Go Vap districts to study urban development solutions around Tan Son Nhat International Airport and the Department of Planning and Architecture to consider the issue in the process of compiling and appraising adjustments to the general planning for the city to 2040 and vision to 2060.
MPI requests review of certain FDI projects
Property

MPI requests review of certain FDI projects

To improve the quality of FDI attraction, the Ministry of Planning and Investment (MPI) has asked cities and provinces to review and evaluate the implementation of certain FDI projects. These include projects with registered investment of over $100 million; those with a land area of over 50 hectares; and those in the field of real estate in Hanoi, Ho Chi Minh City, Da Nang, Hai Phong, Khanh Hoa, and Ba Ria-Vung Tau that have a land area of over 2 hectares.
16 ETFs posting losses in stock market
Banking & Finance

16 ETFs posting losses in stock market

Data from the Lumen Vietnam Fund shows that as of mid-May there were 16 exchange-traded funds (ETFs) losing money in Vietnam's stock market, mostly foreign funds. The market, the Fund said, is waiting for a positive signal to recover, and any recovery will be slower but healthier than after previous declines.
SIPAS and PAR Index for 2021 announced
Vietnam Today

SIPAS and PAR Index for 2021 announced

The government’s Administrative Reform Steering Committee held a conference on May 25 to announce the Satisfaction Index of Public Administration Services (SIPAS) and the Public Administration Reform (PAR) Index of ministries, ministerial-level agencies, and localities in 2021. Northern Quang Ninh province, Hai Phong city, and Hung Yen, Hai Duong, Ha Tinh, Son La, Bac Ninh and Bac Giang provinces led in SIPAS. Hai Phong, Quang Ninh, and the central city of Da Nang together with three ministries and agencies - the Ministry of Justice, the Ministry of Finance, and the State Bank of Vietnam - led in the PAR Index. Hanoi ranked 30th out of the country’s 63 cities and provinces in SIPAS and tenth in the PAR Index.

VET Exclusive

Vietnam Today

Deputy PM outlines 5 proposals to strengthen cooperation and role of Asia

Deputy PM outlines 5 proposals to strengthen cooperation and role of Asia

On May 26, at the 27th International Conference on the Future of Asia, held in Tokyo, Standing Deputy Prime Minister Pham Binh Minh made five important proposals to strengthen cooperation and promote the role Asia holds. He also said that Vietnam prioritizes rapid and sustainable development based on science and technology, innovation, and digital transformation.

Investment

HCMC studying development around Tan Son Nhat airport

HCMC studying development around Tan Son Nhat airport

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai has assigned Tan Binh, Tan Phu, and Go Vap districts to study urban development solutions around Tan Son Nhat International Airport and the Department of Planning and Architecture to consider the issue in the process of compiling and appraising adjustments to the general planning for the city to 2040 and vision to 2060.

Banking & Finance

16 ETFs posting losses in stock market

16 ETFs posting losses in stock market

Data from the Lumen Vietnam Fund shows that as of mid-May there were 16 exchange-traded funds (ETFs) losing money in Vietnam's stock market, mostly foreign funds. The market, the Fund said, is waiting for a positive signal to recover, and any recovery will be slower but healthier than after previous declines.

Business

CBU motor car imports down

CBU motor car imports down

According to the General Department of Customs, more than 45,300 completely-built-unit (CBU) motor cars had been imported this year as of May 15, worth a total of $1.13 billion, down by more than 12,000 vehicles and nearly $170 million year-on-year. The policy of cutting registration fees for domestically-manufactured and assembled cars by 50 per cent is behind the decline.

Society

MoLISA proposes increase to minimum wage

MoLISA proposes increase to minimum wage

The Ministry of Labor, Invalids and Social Affairs (MoLISA) has proposed that the minimum wage be increased by an average of 6 per cent, effective from July 1. Due to Covid-19, it has been more than two years since the minimum wage was last adjusted, which is normally done annually, meaning it no longer guarantees a minimum standard of living.