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The Government has taken a slew of measures to handle long-stalled projects, including asking cities and provinces to take back land from these projects.

South Korea’s Kumho Engineering & Construction Co. will build the Nhon Trach bridge, which will link HCMC and neighboring Dong Nai Province, and an access road at a total cost of VND1.81 trillion.

Standard Chartered Bank has forecast Vietnam’s inflation at 4.2% this year, above the target of below 4% approved by the National Assembly.

Vietnam imported over 63,730 completely-built-up (CBU) cars worth some US$1.6 billion between January and June, dipping by 21.4% in volume and 14.4% in value year-on-year, according to data of the General Department of Vietnam Customs.

The VIC, VHM, VRE stocks of the Vingroup family fell sharply yesterday morning after a rumor about an overseas travel ban on Vingroup chairman Pham Nhat Vuong had been circulating on social media. However, they regained ground after the Ministry of Public Security dismissed the rumor as false.

The Government Inspectorate has formed an inspection team to examine the management of fuel trading and asked the relevant ministries and departments to report on the use of the fuel price stabilization fund.

The average capital of businesses set up nationwide the first half of the year dropped 17.7% year-on-year at VND11.6 billion each.

The upgrade of stations along rail roads in northern Vietnam will cost an estimated VND475 billion, according to the Railway Project Management Unit (PMU) under the Ministry of Transport.

The HCMC Tax Department has proposed cancelling the results of the Thu Thiem land auctions held late last year, citing the failures of the auction winners to make payments as regulated.

Vinhomes JSC (VHM) has announced it has transferred its entire stake in Vinpearl Landmark 81 JSC to Vinpearl JSC, meaning that Vinhomes is no longer the stakeholder and parent company of Vinpearl Landmark 81.

All residents should stay on high alert for Covid and must not be heedless of Covid vaccination, Prime Minister Pham Minh Chinh, head of the national steering committee for Covid prevention and control, told the committee’s 15th meeting on July 5.

European companies’ confidence in Vietnam’s business environment declined slightly in the second quarter of the year amid the global economic uncertainty.

The HCMC government has proposed the State Audit of Vietnam (SAV) audit a road project connecting Vo Van Kiet Avenue and the HCMC-Trung Luong Expressway this year to complete procedures to end a BOT contract for the project ahead of time.

Local residents and enterprises are struggling with the rising prices of fuels and input materials, so many experts have proposed cutting taxes on fuels to support the country’s economic growth.

Domestic gasoline retail prices have been revised down by VND110-410 per liter after having risen seven consecutive times, according to an announcement jointly issued by the ministries of Industry-Trade and Finance on July 1.

The Ministry of Finance has proposed reducing the excise and value added taxes on fuels amid rising fuel prices.

Vietnam’s gross domestic product (GDP) expanded 7.72% in the second quarter of this year, the highest for the quarter since 2011, according to the General Statistics Office.

Due to rising airfares, domestic tours are more expensive than outbound tours, according to the Vietnam Tourism Association.

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.

Airlines have been continuously increasing airfares due to soaring fuel prices and the strong travel demand in the summer season.

Airfares for flights to tourist destinations in Asian, European and American countries have soared by 20%-35% against the pre-pandemic levels.

Phu Quoc, an island city off the Mekong Delta province of Kien Giang, is looking to serve some 15 million visitors per year by 2040, it was announced at a conference held in the city on June 24.

A Korean Air flight transporting over 200 passengers from the Incheon international airport landed in Danang City on June 22, marking the South Korean largest airline’s resumption of the direct air route to Danang City after a hiatus of two years due to the Covid pandemic.

The State Bank of Vietnam (SBV) will likely pump more foreign currencies this year to keep the forex market stable as the recent interest rate hike by the U.S. Fed is piling pressure on the domestic market.

The domestic fuel retail prices have been revised up for the seventh straight time this year, according to an announcement jointly issued by the ministries of Industry-Trade and Finance at 3:00 p.m. on June 21.