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VEC

Infrastructure

Overwhelmed Yen Bai-Lao Cai expy needs expansion

Hong Ngan -
HCMC – The Yen Bai-Lao Cai road section, part of the Noi Bai-Lao Cai expressway in northern Vietnam, needs expanding to cope with a...
Other News

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

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

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

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

Funding shortfall leaves Ben Luc-Long Thanh Expy suspended

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

Wrongdoings leave VND32 trillion wasted on public investment projects

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

VEC proposes investing VND14.7t in expy expansion project

Hong Ngan -
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...
podcast

Local banks hike savings rates

Kim Ngan -
 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...
Infrastructure

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

Thanh Ha -
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...
podcast

Export sector is bright spot for Vietnam economy

Kim Ngan -
 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%.
Infrastructure

ETC systems available on VEC’s expys by Q3

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