HCMC to build more CNG filling stations
Ho Chi Minh City plans to invest in compressed natural gas (CNG) filling stations at bus terminals at District 8, Nga Tu Ga and new Mien Dong (Eastern) Bus Station.
Buses at the Eastern Bus Station in Binh Thanh district, Ho Chi Minh City. Photo courtesy of Vietnam News Agency.
The city currently has three CNG filling stations at An Suong Bus Station, Ho Chi Minh City National University, and Pho Quang depot. These stations serve 510 CNG buses operating on 18 subsidised bus routes.
The municipal Department of Transport (DoT) highlighted the importance of investing in more CNG filling station to facilitate the use of CNG-powered vehicles in the city, thus ensuring a better experience for citizens using public transport.
The DoT has proposed to the Department of Industry and Trade to provide support in implementing the plan.
HCMC currently has 138 bus routes with 2,209 buses in operation. Of which, 546 vehicles use clean fuel (CNG and electric vehicles) and the rest use diesel, accounting for 75.3%.
- Read More
Vietnam Party Central Committee introduces candidates for next-term key positions
The 13th Communist Party of Vietnam (CPV) Central Committee has introduced candidates for the Politburo and Secretariat membership in the next five-year term (2026-2031).
Politics - Fri, September 20, 2024 | 9:58 pm GMT+7
Fed’s rate cut a fillip for Vietnam stock market: expert
The U.S. Federal Reserve’s (Fed) recent 0.5-percentage-point interest cut is hoped to provide a positive boost to the Vietnamese stock market, said Nguyen The Minh, head of retail research at Yuanta Securities Vietnam.
Finance - Fri, September 20, 2024 | 7:34 pm GMT+7
Excise tax on sugary drinks not an optimal solution: int'l experience
International experience indicates that imposing an excise tax on sugary drinks is not an optimal solution to control and reduce obesity, experts said at a Friday workshop in Hanoi.
Economy - Fri, September 20, 2024 | 4:45 pm GMT+7
Vietnam’s excise tax on sugary drinks can have adverse economic impacts: experts
Vietnamese authorities should carefully consider possible negative impacts of an excise tax on sugary drinks, experts and businesses said on Friday.
Economy - Fri, September 20, 2024 | 4:40 pm GMT+7
Fed's aggressive rate cut may prompt Vietnam central bank to consider policy easing: UOB
The U.S. Fed’s recent deeper-than-expected interest rate cut may increase the likelihood and pressures on the Vietnamese central bank to consider similar policy easing, said Suan Teck Kin, head of research at Singapore-based bank UOB.
Economy - Fri, September 20, 2024 | 4:22 pm GMT+7
Vietnam’s draft excise tax on sugary drinks needs more scientific basis: experts
Vietnam’s tentative excise tax of 10% on sugary drinks needs a more scientific basis, experts and businesses said at a Friday workshop on the excise tax in Hanoi.
Economy - Fri, September 20, 2024 | 4:02 pm GMT+7
Fed rate cuts to help ease forex pressure, stimulate FDI, FII: researchers
Researchers expect the U.S. Fed’s rate cuts, one announced on Wednesday and more likely to happen in the future, to ease USD/VND forex rate pressure and trigger stronger foreign direct and indirect investment in Vietnam.
Economy - Fri, September 20, 2024 | 3:55 pm GMT+7
Zero anti-dumping duties for 8 Vietnamese frozen pangasius fillet exporters: US review
Eight Vietnamese companies implicated in a U.S. anti-dumping review for frozen pangasius fillets exported to the U.S. are eligible for zero anti-dumping duties, according to Vietnam’s Department of Trade Remedies.
Economy - Fri, September 20, 2024 | 2:26 pm GMT+7
TikTok e-commerce rival co-launched by YouTube, Shopee about to debut in Vietnam
YouTube Shopping, a new e-commerce platform initially co-launched by Alphabet Inc’s YouTube and Singapore-headquartered Shopee in Indonesia, is set to expand to Vietnam and Thailand in the coming weeks.
Companies - Fri, September 20, 2024 | 12:12 pm GMT+7
Vietnam agribusiness TTC AgriS invests $1.5 mln in Australia firm
Vietnam's leading agribusiness Thanh Thanh Cong-Bien Hoa JSC (TTC AgriS) has invested $1.5 million in East Forged, an Australian food & beverage (F&B) firm.
Companies - Fri, September 20, 2024 | 9:33 am GMT+7
HCMC-based real estate firm investigated for fraudulent appropriation of property
Ho Chi Minh City police are investigating Sam Group JSC, a HCMC-based real estate firm, for fraudulent appropriation of property related to its unlicensed projects in the Central Highlands province of Lam Dong.
Society - Fri, September 20, 2024 | 8:16 am GMT+7
Hanoi-based LPBank seeks to acquire 5% stake in tech giant FPT
Hanoi-based Loc Phat Vietnam Joint Stock Commercial Bank, or LPBank, plans to spend hundreds of millions of U.S. dollars to purchase up to a 5% stake of FPT Corp., a leading tech company in Vietnam.
Finance - Fri, September 20, 2024 | 7:45 am GMT+7
Indonesia to develop sustainable aviation fuels
Indonesia has launched an action plan for the development of environmentally friendly aviation fuels or Sustainable Aviation Fuels (SAF) at the 2024 Bali International Airshow (BIAS).
Southeast Asia - Thu, September 19, 2024 | 10:28 pm GMT+7
Indonesia, UK ink critical minerals partnership
Indonesia has signed an agreement with the UK to facilitate technology and skills transfer in the critical minerals sector while addressing environmental and social risks.
Southeast Asia - Thu, September 19, 2024 | 10:27 pm GMT+7
HDF Energy eyes hydrogen energy projects in central Vietnam
France-based HDF Energy is interested in providing its latest technologies to boost clean energy supply in Vietnam’s central province of Quang Ngai.
Energy - Thu, September 19, 2024 | 10:18 pm GMT+7
Vietnamese premium rice enters Canadian market
KD Trading, a logistic company run by two Vietnamese-Canadians, has become the sole partner to distribute ST25 rice (Mr. Cua's rice) in the Canadian market.
Southeast Asia - Thu, September 19, 2024 | 10:03 pm GMT+7
