Business

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.

The construction of a solar power plant with a capacity of 50 MW kicked off in Phuoc Dinh commune of Thuan Nam district, the south central province of Ninh Thuan, on March 31.

Almost a third of more than 4,100 enterprises surveyed in Vietnam do business on social networks, a slight decrease from the previous year.

Renovating technology, reducing greenhouse gas emissions and developing a low-carbon economy are methods being used by coastal EZs in the new development period.

The Cuban government has granted first administrative concession in the Mariel Special Economic Development Zone to the ViMariel S.A company, a subsidiary of the Vietnamese corporation Viglacera.

Working for Uber was the main jobs for many Vietnamese drivers and they are now worried about being unemployed after Grab announced on March 26 that it had acquired Uber's operation in Southeast Asia.

The CPI was down 0.27 per cent in March compared to February but up 2.66 per cent year-on-year, according to the General Statistics Office (GSO).

Vietnam Airlines received its eleventh Airbus A350-900 XWB next-generation widebody aircraft on March 28, in the presence of Party General Secretary Nguyen Phu Trong

The nation’s Gross Domestic Product (GDP) in the first quarter of 2018 is forecasted to exceed 7%, the highest figure recoded over the recent 10 years.

The Vietnamese motorbike market has seen slow sales over the recent period. Despite lower prices, motorbikes attracted fewer customers than before the Tet Holiday.

The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) on Wednesday signed $163 million in loan agreements with Olam International Limited (OIL) and Café Outspan Vietnam Limited (COVL), a subsidiary of OIL.

The Australian Anti-Dumping Commission has concluded that Hoa Phat Group and Vietnamese businesses did not dump their steel coils to Australia.

A number of foreign projects increased their investment capital to expand production in the first quarter of the year, according to figures from the Foreign Investment Agency at the Ministry of Planning and Investment.

Grab yesterday announced that all of Uber’s motorcycle and taxi drivers in Vietnam would have the opportunity to work for Grab from April 8th.

Investigators from the Ministry of Public Security have arrested two employees of the Vietnam Export Import Commercial Joint Stock Bank in connection to the vice director fled overseas after misappropriating USD10.8m from a customer.

Uber sold its Southeast Asian business to rival Grab on Monday, ending a bruising battle between the ride-hailing behemoths and marking the US firm's latest retreat from international markets.

Truong Hai Auto JSC (Thaco) inaugurated Thaco Mazda automobile manufacturing plant, the biggest and most modern Mazda factory in Southeast Asia, in the central province of Quang Nam on March 25 in the presence of Prime Minister Nguyen Xuan Phuc.