A sales plunge, delayed payments and a credit crunch have led to a capital shortfall among businesses, especially as the new year approaches.

The police in the northern province of Hai Duong recently detained Le Thanh Long, chairman of Vicem Hoang Thach Cement Company Limited.

The HCMC Department of Construction will team up with relevant departments and agencies to remove hindrances the old apartment buildings in the city relating to house rent calculation, temporary residence arrangement, compensation for rehabilitation and calling for investment.

 President Nguyen Xuan Phuc, his spouse and a high-ranking delegation began their four-day official visit to Thailand yesterday morning and will attend the APEC Summit 2022 in Bangkok from November 16 to 19.

Steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next year.

Prime Minister of New Zealand Jacinda Ardern yesterday, November 14, met with three top Vietnamese leaders after her talks with her Vietnamese counterpart Pham Minh Chinh.

German Chancellor Olaf Scholz yesterday met General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and held talks with his Vietnamese counterpart Pham Minh Chinh, reported the local media.

HCMC, the nation’s economic center, has seen 51 producers in 17 processing zones and industrial parks reporting an order shortfall, which has forced many of them to resort to mass layoffs.

A tight oil supply caused by Western sanctions against Russian exports and a surging demand for oil products of the EU have been blamed for Vietnam’s ongoing fuel shortages.

HCMC – The Ministry of Transport has ordered four sections of the North-South expressway project be opened to traffic before December 31 this year.