Business

The retail price of biofuel E5 RON 92 increased by VND500 to VND19,940 (USD0.87) per litre on May 23 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

Thirty Vietnamese businesses will showcase their products at the THAIFEX-World of Food Asia which is set to run from May 29 to June 2 in Bangkok, Thailand.

More than VNĐ116 trillion (US$5 billion) is needed to build Long Thành airport and upgrade Nội Bài and Tân Sơn Nhất airports for the 2018-21 period, with a vision to 2025, according to the State-owned Airports Corporation of Vietnam

The Sugar and Sugarcane Association has objected to the proposal by the Ministry of Finance to levy a special consumption tax of 10% on sugary soft drinks.

Potential for enhancing trade ties between India and CLMV countries (Cambodia, Laos, Myanmar and Vietnam) was highlighted at a conference which opened in Phnom Penh, Cambodia.

Italian coffee producers highly evaluated Vietnamese coffee beans as they are essential ingredients of their products, Mario Vicentini from Comunicaffe International, an Italian daily newspaper about coffee, told Vietnam News Agency reporters at Milano Coffee Festival.

Nha Trang Sao JSC has filed another complaint in order to continue a tourism project which was banned for illegally encroaching the renowned Nha Trang Bay, Khanh Hoa Province.

Ministry of Finance (MoF) has proposed slashing 38 business conditions and simplifying 40 administrative procedures in the securities sector in its law review this year.

After land prices, and, along with them, instances of violation of land laws, surged in certain places, the provinces involved have temporarily banned land transactions pending the approval of new regulations, helping cool off the market.

The Vietnam Lottery Company (Vietlott) has identified the winner of Jackpot 1 prize worth up to VND303.89 billion (USD13 million) and plans to present the prize in the coming days.

The Vietnam Airlines Corporation plans to build a logistics centre in the Mekong Delta city of Can Tho this year, Deputy General Director Trinh Hong Quang said at a meeting with municipal leaders on May 18.

Ride-hailing companies, MVL from Singapore and Go-Jek from Indonesia, are expected to be the next competitors for Grab in Vietnam.

Thousands of households in the Central Highlands province of Gia Lai have been facing losses due to the massive pepper crop deaths.

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.

The Vietnam Competition Authority confirmed that the acquisition of Uber's Southeast Asia business by Grab violates the Law on Competition as the market share gain exceeds fifty percent.

The MV Dareen vessel which departed from Townsville in the Australian state of Queensland carrying a cargo of 4,029 cows docked at Cai lan Port in Ha Long City of Quang Ninh province on May 15.

A working delegation of the European Commission's Directorate-General for Maritime Affairs and Fisheries began a fact-finding trip to Vietnam to inspect the implementation of recommendations related to the fight against illegal, unreported and unregulated fishing.

Huobi.Pro, the world’s third largest digital asset exchange, will host Blockchain Festival 2018 in Ho Chi Minh City from May 24-25. It has just announced the agenda and the speakers confirmed for the event.

Taxi services have boomed after the plans to develop Phu Quoc into an international hub for tourism and special economic zone were announced.