Business

The domestic private sector in Vietnam is still relatively underdeveloped and faces major challenges, said speakers from the Ministry of Planning and Investment at a recent economic forum in Hanoi.

The State Capital Investment Company (SCIC) will further sell over 48 million shares in Việt Nam’s top listed firm by market value, Vinamilk, this October.

Many cars have been found to provide Uber and Grab services in Danang City despite not being allowed by municipal authorities.

As many as 72,953 new enterprises were established in the first seven months of this year with a total registered capital of 30.39 billion USD, an annual increase of 13.8 percent in the number of enterprises and 39 percent

The ministries of industry and trade and finance decided to raise retail petrol prices as from 3 p.m on August 4.

The Saigon Securities Inc is optimistic that the casino industry in Vietnam will thrive when the locals are allowed to gamble.

Prime Minister Nguyễn Xuân Phúc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments.

Litchi farmers in the northern province of Bac Giang have seen 60-year high profits, totalling USD233 million in 2017 crop, according to the provincial people’s committee.

Prime Minister Nguyen Xuan Phuc has ordered to increase the maximum years that foreigners are allowed to own a property in Vietnam from 50 to 99 years.

Indochina Airlines still owes VND30 billion (USD1.36 million) to its fuel provider after going bankrupt. Meanwhile, Air Mekong is also in debt.

All batches of Vietnam’s catfish products that are imported to the US will undergo quality inspection at the warehouses designated by the US Department of Agriculture.

Former chairman of Southern Bank and Vice Chairman of Sacombank Tram Be has been arrested in a case that caused USD400m to go missing from the banking system.

Hanoi plans to carry out four additional metro projects with a total investment capital of more than USD4 billion by 2020.

Deputy Minister of Industry and Trade Ho Thi Kim Thoa officially submitted her resignation letter on August 1 after she became marred in corruption allegations.

The Ministry of Industry and Trade has opposed the Ministry of Planning and Investment’s proposal sent to the government calling for the termination of the Thach Khe Iron Mine project in Ha Tinh Province.

Middlemen and real estate brokers are making false offers for houses and lands around Long Thanh Airport project, Dong Nai Province, to trick buyers.

Banking tycoon Tram Be, the former Chairman of Southern Bank and Vice Chairman of Sacombank, is the latest to join the list of bankers taken into custody for “deliberately violating State regulations on economic management.

Prime Minister Nguyen Xuan Phuc on Saturday signed Decision 36/2017/QĐ-TTg on the establishment of Thai Binh Economic Zone in the northern province of Thai Binh.

Private enterprises should continuously reform and increase their competitiveness in order to contribute 50%-60% of the national gross domestic product, PM Nguyen Xuan Phuc said.