Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY TO LAUNCH FIRST RIVER-BUS SERVICE
HCM City plans in June to launch the first river bus transport service connecting Bạch Đằng Wharf in District 1 with Thủ Đức District, and a second route in September from Bạch Đằng Wharf to District 8.
The aim is to ease traffic congestion on roads, city authorities have said.
The project, invested in by Thường Nhật Ltd Co, will be carried out on the Sài Gòn River, and at Thanh Đa, Bến Nghé and Tàu Hủ canals.
The first route will connect Bạch Đằng Wharf on the Sài Gòn River with Linh Đông ward in Thủ Đức District. Nearly 11 kilometres long, it runs along Sài Gòn River and Thanh Đa Canal with seven stops.
The second route will run from Bạch Đằng Wharf to the Lò Gốm area in District 8, along Sài Gòn River, Bến Nghé and Tàu Hủ canals. It is nearly 10.3 kilometres long and has seven stops.
The ticket is expected to cost VNĐ15,000 (US$0.65) per ride, according to the company.
Thường Nhật Ltd Co says in the first phase it will have a fleet of 10 boats that can carry 60 passengers each. Together, the two services can serve 5,000 passengers per day.
Earlier, the city’s Department of Transport submitted to the municipal People’s Committee a project to build two river bus routes under a BOO (Build-Own-Operate) model.
The investor will build all passenger stations along the route except for the Bạch Đằng Wharf, where the investor proposes using existing facilities.
The company had initially planned to put the service in operation in 2016, but had to delay the opening until this year.
Experts have said that it was time, after years of discussion, to make use of the network of waterways to reduce worsening traffic conditions.
The city, with a relatively dense network of waterways, sees water transport as an appealing alternative for both locals and tourists.
Last year, city officials said that a floating market, among other waterway tourism services, will function as a major attraction.
Bùi Xuân Cường, director of the Department of Transport, has stressed the need of developing waterway transport for both passengers and goods.
Source: VIR
Related News
QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026
Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE
Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.
VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS
Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.
OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION
Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.
KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP
On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.
























