After Tan Hoang Minh’s nine bond issues had been canceled and its senior executives detained over this matter, and the Government had called for measures to cope with real estate firms’ debt issues, no property firms issued bonds in April.

The price of RON95 gasoline was revised up by VND1,550 a liter on May 11, to hit an all-time high, while bio-fuel E5 RON92 and other fuels rose by VND1,210-1,490 per liter or kilogram.

Vietnam’s Consumer Price Index (CPI) in April edged up 0.18% month-on-month, mostly due to the rising prices of building materials, according to the General Statistics Office.

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%.

Thang Long, the largest single-body high-speed ship in Vietnam, has been launched and will ply the Vung Tau-Con Dao waterway route next month, offering tourists a new means of travel between mainland Vung Tau and Con Dao Island.

The four-day national holiday of Reunification Day (April 30) and International Labor Day (May 1) helped many provinces earn huge revenue from tourism after more than two difficult years.

The Ministry of Transport has asked HCMC and Dong Nai Province to hand over cleared land this month to start work on the Tan Van-Nhon Trach section of the Ring Road No. 3 project. The road will connect HCMC, Binh Duong, Dong Nai and Long An.

Commercial banks are rushing to increase deposit rates to speed up their capital mobilization.

Vietnam’s agro-forestry-fishery export revenue between January and April reached US$17.9 billion, up 15.6% year-on-year, while the import value of these products amounted to some US$13.9 billion, down 2.3%, resulting in a trade surplus of US$4 billion, a year-on-year increase of 3.2-fold, according to the Ministry of Agriculture and Rural Development.

After 57 property businesses in HCMC proposed removing obstacles to 64 housing projects, 29 others have made the same petition as their 38 commercial and social housing and resettlement projects are having trouble with procedures.