Business

The Ministry of Transport has proposed a new regulation on taxi management in which Grab Car is not listed as a local taxi service but e-contracted passenger transportation.

German automaker BMW apologised Monday for a spate of engine fires in South Korea that angered consumers and sparked a government investigation into an alleged delay in recalling more than 100,000 cars.

The HCM City administration has asked the Department of Planning and Architecture to work with agencies to propose adjustments to resettlement areas in the Thu Thiem new urban area.

Vietnam shipped 200,000 tonnes of petroleum in July, raising the total volume of exported petrol in the first seven months of 2018 to 1.8 million tonnes, bringing in US$1.14 billion.

The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, increasing 8.45 percent from the previous year, and accounting for 63 percent of total tax contributions.

Vietnam and India share high potential of cooperation in pharmaceuticals, medical equipment and services, stated Parvathaneni Harish, Indian Ambassador to Vietnam during a Vietnam-India conference and business exchange in HCM City on August 3.

PM Nguyen Xuan Phuc will chair a meeting on orientations and measures for fast and sustainable development of wood processing industry and forestry exports in Ho Chi Minh City on August 8.

Vietnam has recorded robust socio-economic development in the first seven months of the year, with stable macro-economy, and good control over inflation, in the context of the escalating US-China trade war, said Minister-Chairman of the Government’s Office Mai Tien Dung.

Can Tho’s authorities are calling for VND124trn (USD5.47bn) investment for 54 projects at a conference to promote trade and investment in the city which will be held by Prime Minister Nguyen Xuan Phuc on August 10.

The Ministry of Transport (MoT) has registered to buy 164.73 million shares of Vietnam Airlines, a move which will maintain its holding in the national flag carrier at 86.16 percent.

Nearly 76,000 new enterprises were established in Vietnam in the first seven months of this year, with total registered capital of VND771 trillion (US$33.82 billion).

Prime Minister Nguyen Xuan Phuc has ordered the agricultural sector to reach the top 15 most developed countries in the world in the next 10 years, with its agricultural product processing ranked in the top 10.

The consumer price index (CPI) dropped by 0.09 per cent in July from the previous month, the General Statistics Office (GSO) reported on Sunday.

The Vietnam Entertainment Fund (VEF) has been launched with the aim of increasing value through medium- and long-term investments in the entertainment sector.

A new cooperation agreement was reached between the General Department of Vietnam Customs and the UK Border force on July 26, aiming to improve capacity of Vietnamese customs officers.

Singaporean businessman Neo Gim Siong Bennett will take over as general director of the Saigon Alcohol Beer and Beverages Corporation (Sabeco) from August 1, 2018, marking the control of ThaiBev over Vietnam’s largest brewer.

Vietnam has attracted US$22.94 billion worth of FDI capital in the first seven months of this year, an increase of 4.6% over the same period in 2017, the Foreign Investment Agency announced.

The northern mountainous province of Lao Cai has proposed the Ministry of Transport build a civilian and military airport in Sapa.

FedEx Express, a subsidiary of the FedEx Corp, has enhanced its services into and out of Hanoi with the introduction of a new flight connecting the capital to the FedEx APAC Hub in Guangzhou, China.