Business

The Hanoi Taxi Association have continued their vendetta against app-based taxis with a proposal to the municipal Department of Transport to ban their rivals from using roads traditional taxis can’t use.

The transportation market of Vietnam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.

The Ministry of Industry and Trade has proposed to inspect the major loss-making Dung Quat Shipyard, Phuong Nam Paper Mill and Lao Cai Fertiliser Plant.

The World Bank Group on September 22 announced the Vietnam Country Partnership Framework (CPF) for 2017- 2022 at a workshop in Dong Thap province.

Even though the Ministry of Transport allowed to implement Uber and Grab pilot projects, the authorities of Khanh Hoa Province are determined to ban Grab due to alleged fears of congestion.

Budget revenue over GDP has fallen from 26.3% during the 2006-2010 period to 23.6% of GDP between 2011 and 2016, Finance Minister Dinh Tien Dung has confirmed.

The General Department of Taxation has asked localities to increase inspections at FDI firms that suddenly incur losses after the periods they have received incentives expire.

InterContinental Hotels Group (IHG) on Thursday launched the InterContinental Hanoi Landmark72 at the highest building in Hanoi.

Farmers in Ca Mau and Bac Lieu provinces started investing shrimp farming as prices have been on the rise since March.

The central city of Danang has attracted 43 new foreign direct investment projects worth US$60 million in the first eight months this year, a local official said.

The domestic retail price of petroleum increased by VNĐ319 to reach VNĐ18,111 (79 US cents) per litre as of 3pm on Wednesday, the Ministry of Industry and Trade (MoIT) said.

The USD68-million 130km route from Hanoi's Yen Vien to Ha Long City just serves a few dozen passengers a day.

Vietnam always sees the Asian Development Bank (ADB) one of the leading sponsors with important contributions to the country's socio-economic development, Prime Minister Nguyen Xuan Phuc said.

The test run for the 13-kilometre Cat Linh-Ha Dong metro line cannot be carried out this October as scheduled due to an investment shortfall according to the Ministry of Transport.

Vietjet Aviation Joint Stock Company came 12th on the Vietnamese edition of Forbes Magazine’s top 50 listed Vietnamese companies in 2107.

Vietnam spending 5.7% of GDP on infrastructure, according to latest CBRE report.

Many farmers in Vietnam's largest dairy farming area in HCM City have changed to selling beef instead due to its profitability.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged seafood processors, importers and exporters to participate in the fight against illegal, unreported and unregulated (IUU) fishing.

The Ministry of Industry and Trade is seeking ways to reduce the trade deficit with Thailand which has been on the sharp rise.