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PouYuen Vietnam, the most labor-intensive firm in Binh Tan District, HCMC, has decided to lay off almost 6,000 workers in June and July due to the shortfall of new orders for the year.

The State Bank of Vietnam (SBV), the central bank, will focus on inspecting share transfers among credit institutions this year to prevent cross ownership in the banking sector.

The Airports Corporation of Vietnam (ACV) is inviting tenders for a VND2,800-billion bidding package to construct two roads leading to Long Thanh International Airport.

Many hydropower plants in the country have seen their reservoirs ebbing to extremely low levels, leaving huge impact on hydropower generation in the ongoing dry season.

Prime Minister Pham Minh Chinh has approved a proposal to construct a road between two neighboring southern provinces — Binh Phuoc and Dong Nai.

The National Assembly Economic Committee has asked the Government to clarify why Vietnam Electricity Group (EVN) has made losses of more than VND26.4 trillion.

Hanoi City has proposed increasing the cost of the Nhon-Hanoi Station urban rail line by VND1.9 trillion and extending the deadline for the completion of the project until 2027.

The State Bank of Vietnam, or SBV, bought nearly US$4.9 billion in the first four months of this year, thus shoring up the country’s foreign exchange reserves, according to the Ministry of Planning and Investment.

The Government has approved a Ministry of Finance proposal for lowering the value added tax (VAT) from 10% to 8% to support businesses and households to cope with economic headwinds.

Superdong, a local waterway transportation service provider, will inaugurate a new ferry service connecting Ha Tien City and Nam Du Island off Kien Giang Province in the Mekong Delta today, May 6.

HCMC and many other parts of southern Vietnam will face a heat wave in the coming days, with temperatures ranging from 35 to 38 degrees Celsius.

The My Thuan 2 Bridge project is expected to be completed by the end of the year, according to contractors.

Weak consumption led Mobile World Investment Corporation (MWG) to cut almost 6,000 jobs between January and March, marking the second consecutive quarter of its mass layoffs.

The 100-plus-year-old Ben Thanh market, an iconic structure in the center of HCMC, has got a facelift.

Parkson Vietnam has filed for voluntary bankruptcy proceedings to the HCMC People’s Court on April 28 after years of losses in the Vietnamese market.

Fresh foreign direct investment (FDI) approvals nationwide in the year to April 20 had reached nearly US$8.9 billion, down 17.9% against the year-ago period, according to the Foreign Investment Agency at the Ministry of Planning and Investment.

Vietnam made only US$13.2 billion in export revenue in the first half of April, down 19.2% compared to the second half of March, according to preliminary data from the General Department of Vietnam Customs.

Many inner-city streets will be closed to traffic on the evenings of April 28 and 30 to make room for the city’s Reunification Day celebration, said the HCMC Department of Transport.

The third test run of Metro Line No.1, which links Ben Thanh Market and Suoi Tien Theme Park, attracted roughly 2,000 people on April 26.

The number of real estate businesses pulling out of the market surged in the first quarter of this year while new market entrants dropped sharply, according to the Ministry of Construction.

Vietnamese National Assembly Chairman Vuong Dinh Hue arrived in Buenos Aires, the capital of Argentina on the morning of April 24, beginning his official visit to this country.

Starting from July 1 this year, investors can register business online, making the business registration process simple and easy, particularly for household businesses.

The HCMC People’s Council has endorsed the city People’s Committee’s proposal to add VND19,555 billion to the city’s 2021-2025 mid-term investment plan, funded by the local budget.

Two components of the Eastern North-South Expressway project, with a total length of 200 kilometers, will be temporarily opened to traffic on April 30 in celebration of Vietnam’s Reunification Day.

The administration of HCMC will hold the first export expo to facilitate trading opportunities for local businesses and manufacturers.