Business

Vietnam is likely to see a greater presence by international franchisors over the next few years.

Minister Dinh Tien Dung has proposed abolishing and simplifying more than half of the 370 business requirements under his Ministry of Finance (MOF) as part of a government-wide effort to improve the business climate in Vietnam.

Forest destruction at Van Phong Bay in the south-central coastal province of Khanh Hoa has become rampant following the government's approval of the Bac Van Phong Special Economic Zone according to local authorities.

The Vietnam Institute of Directors was launched on April 5 in Ho Chi Minh City with support from the International Finance Corporation, a member of the World Bank Group.

Grab said that the firm will not pay the VND53.3 billion (USD2.33 million) tax arrears that Uber has delayed paying to the HCM City Department of Taxation.

The majority of credit institutions in Vietnam anticipate that their business performance will improve in the second quarter of the year, according to a survey conducted by the State Bank of Vietnam.

The number of Vietnamese seafood batches exported to foreign countries found with metal residues has tended to sharply rise, according to an official from the Ministry of Agriculture and Rural Development.

Overseas remittances will come under pressure this year as the global economic recovery and international investment capital flows will have a significant impact on the inflows of foreign direct investment and foreign remittances to Vietnam.

Apartment sales in Vietnam may fall after a recent fatal apartment block fire in HCM City which left 13 dead and dozens injured, according to Commercial Real Estate Services.

Grab will have to be responsible for paying Uber’s tax arrears according to a Vietnamese tax official.

Moody’s Investors Service said that Vietnam’s real GDP growth will remain robust, averaging 6.7% in 2018, in its annual credit analysis released on April 3.

The Van Don Economic Zone Authority has asked the People’s Committee of Van Don district and investors to stop establishing new projects, adjusting project plans and applying for investment pending the approval of master plans for the future special

Thousands of customers are complaining about VTVCab suddenly cutting many popular channels including HBO, BBC World, Discovery and Fox Sport starting from April.

Vietnam’s economy enjoyed a more sustainable growth in the first quarter of the year with a strong economic expansion of 7.38 percent, the best first-quarter performance in the last decade.

Germany’s BS Heidelberg Solar GmbH is planning to invest in two solar power plant projects in the Mekong Delta province of Hau Giang, namely Hau Giang I and Hau Giang II.

According to the Ministry of Transport, to facilitate urbanisation, ten ports located along the Saigon River will be removed.

Global online travel agencies currently hold up to 80% of Vietnam’s online travel market share, said Nguyen Van Tuan, head of the Vietnam National Administration of Tourism.

Phuong Trang Tourism Service and Transport JSC will invest VND2.2 trillion (USD100 million) to develop an app-based taxi service following Grab’s acquisition of Uber in Southeast Asia, including Vietnam.

A number of foreign investors exited strategic partnerships with local banks last year.