Business

Hanoi General Export Import JSC is seeking the Ministry of Transport’s permission to work with a Chinese company to build Long Thanh International Airport.

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Justice (MOJ) to establish a legal framework to manage virtual assets and digital currency.

Uber Vietnam started raising its fares in Ho Chi Minh City from today, August 24.

Consumer confidence in Vietnam continued to see significant improvements in the second quarter that helped the country become the fifth most optimistic globally, with an index score of 117, 5 points higher than in the fourth quarter of 2016

Vietnam Asset Management Company (VAMC) on Monday conducted its first confiscation of an asset mortgaged for a non-performing loan based on a newly-issued resolution.

The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.

Businesses in Vietnam spend 28.6 million working days and VND14.3 trillion (USD629.2 million) annually to complete procedures related to technical checks on around 100,000 types of goods.

HCM City People’s Court on Monday opened a court trial related to the smuggling of cancer medicines and falsification of documents at HCM City-based VN Pharma Joint Stocks Company in 2013 and 2014.

Most build, operate and transfer projects in the transport sector have appointed contractors and not gone through tendering.

The Ministry of Transport has decided to increase service fees for all carriers using Vietnam’s airports from October, to cover investments in the airport network and improve service quality.

Deputy Prime Minister Vuong Dinh Hue has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam) must reduce its ownership between 2017 and 2020.

The Ministry of Finance recently proposed increasing value-added tax to 12% in 2019, from 10% in order to ease the high public debt. This has raised concerns from local experts.

Vietnam may issue permanent residence cards to foreign investors on Phu Quoc Island under a draft law on special administrative zones submitted to the government by the Ministry of Planning and Investment (MPI).

PM Nguyen Xuan Phuc introduced abundant business opportunities in Vietnam following the M&A trend and SOEs equtization at a forum on Vietnam-Thailand economic cooperation forum in Bangkok on August 18.

The government needs to explain why a state monopoly will be applied to the production and trading of up 20 goods and services, particularly in the context when many Vietnamese state-owned enterprises face losses, said some local experts.

The Ministry of Finance (MoF) has proposed the addition of soft drinks to the list of goods subject to special consumption tax, including carbonated soft drinks, non-carbonated soft drinks, energy tea drinks, and instant coffee.

The Ministry of Finance suggested reducing corporate income tax for small and medium-sized firms which make up of 98% of total local firms.

Tata Coffee Vietnam, a subsidiary of India's Tata Coffee Limited, held a ground-breaking ceremony for an instant coffee plant in Binh Duong on August 16.

The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam. In the case of Ho Chi Minh City, the consultancy firm emphasizes the potential for real estate segments to