Business

PM praises Coca-Cola’s operations in Vietnam

Prime Minister Nguyen Xuan Phuc has affirmed Vietnam’s readiness to create favourable conditions and mechanisms for investors, including Coca Cola's Bottling Investments Group (BIG), while hoping that the Group will expand business operations in Vietnam.

Grab writes to PM over new transport decree

Grab have petitioned Prime Minister Nguyen Xuan Phuc to oppose the Ministry of Transport’s proposal to amend the operation of app-based taxi services.

Vietnamese billionaire moves up in Forbes ranking

Billionaire Pham Nhat Vuong has moved up in the Forbes rich list as of October 25, 2018.

Foreign currency black market active in Hanoi

Illegal foreign currency transactions are an everyday sight in many areas in Hanoi, particularly on Ha Trung Street, the capital city’s biggest foreign currency market.

Third Vietbuild 2018 expo opens in HCM City

The international construction exhibition Vietbuild, themed “Housing – Architecture and Interior-Exterior Decoration”, kicked off at Phu Tho Indoor Sport Stadium in Ho Chi Minh City on October 25.

Grab faces VND41.2 bn claim from Vinasun

The HCM City Supreme People’s Procuracy have asked Grab to pay over VND41.2 billion in compensation based on a claim of unfair competition.

Happyland assets to be auctioned due to large debts

The Property Auction Service Centre has announced that they are auctioning two bad debts related to Happyland Games as the project faced financial difficulties in the construction process in the southern province of Long An.

Thousands of Thanh Hoa workers strike

More than 3,000 workers at the Ivory Vietnam Company in Thanh Hoa Province have gone on strike over the past five days to protest against the company's policies on overtime.

Man fined USD4,000 for illegal foreign currency transaction

A man in the Mekong Delta city of Can Tho has been fined VND90 million (USD4,000) for the illegal exchange of US dollar at a local gold shop.

Vinamilk imports more Australian cows

Vietnam’s largest dairy producer, Vinamilk have received an additional 220 milk cows shipped from Australia.

500 most profitable enterprises in Vietnam announced

The Vietnam Report has just announced the Profit 500 list, selecting the top 500 most profitable enterprises in Vietnam this year.

FastGo Vietnam now in Bien Hoa and Binh Duong

FastGo Vietnam officially began offering services in southern Dong Nai and Binh Duong provinces on October 22, to serve customers travelling between Bien Hoa and Binh Duong cities and Ho Chi Minh City.

HCMC to host Crypto Expo Asia 2018

Crypto Expo Asia 2018 will take place at SUNTEC in the Windsor Plaza Hotel in Ho Chi Minh City on November 24.

Gov’t eyes 6.6-6.8% GDP growth rate for 2019

The Government sets an economic growth target of 6.6-6.8% for 2019, said PM Nguyen Xuan Phuc while presenting a report for socio-economic development norms on October 22 in Hanoi.

Cow and beef imports rise in Vietnam

Vietnam is becoming a major cow and beef importer due to increasing demand for high-quality meat.

Local banking appeal broadens

Foreign banks have put a lot of money and effort into capturing the opportunities Vietnam's retail banking segment offers.

State Audit agency to evaluate 25 State enterprises in 2019

The State Audit of Vietnam (SAV) will audit 25 State-owned enterprises and financial organisations in 2019. They include the State Bank of Vietnam, 21 economic groups and corporations and three banks and credit institutions.

Vietjet partners with Japan Airlines

New-age carrier Vietjet Air and Japan Airlines (JAL) have announced they will begin codeshare flights starting from late October.

State-owned firms pay highest average monthly wages

Employees at state-owned firms are getting the highest payment according to a new report by the General Statistics Office.

Vietnam ranks 77th in Global Competitiveness Index

Vietnam ranked 77th out of 140 economies worldwide in the Global Competitiveness Report 2018 which was released by the World Economic Forum (WEF) on October 17.

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