Business

Many taxi firms have quickly built and released mobile apps and software to improve their services and compete with Uber and Grab.

The price of RON 92 declined by 862 VND per litre to 16,504 VND (0.72 USD) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which, or 34.2 billion USD, made by FDI enterprises.

The country’s sole energy producer Electricity of Vietnam has proposed reducing its coal consumption for its thermo-power plants this year, which has raised concerns with coal producer Vinacomin about the possibility of major job losses.

Authorities in HCM City has issued a fine of VND1bn (USD44,000) and ordered to halt the construction of the Holm Residence project for various violations to no avail.

UPC Renewables Group and UK’s Kimin Power Company have reported on the feasibility of the wind power project in the southern province of Bac Lieu that the two companies are planning to invest in.

Australia has lifted the ban it imposed in January on uncooked Vietnamese shrimp products. Vietnamese companies may resume importing raw prawns caught in Australia for processing and export them to Australia for consumption.

TCC Group Chairman Charoen Sirivadhanabhakdi said he wanted Vietnamese government help to export products to Thailand during a meeting with Prime Minister Nguyen Xuan Phuc.

The Ho Chi Minh City market will mainly focus on the luxury segment in the 2017-2020 period according to a report by real estate services firm Jones Lang LaSalle Vietnam.

Vietnam’s economic growth this year will reach only 6.21 per cent, lower than the 6.68 per cent recorded in 2015 and the target of 6.3 per cent set by the government at its regular meeting in September 2016, the

The Japan Business Association in Vietnam has said Vietnam is losing its advantage of cheap labour and must focus on developing support industries and Japanese firms can help with technology transfers.

Viet Nam has posted the highest regional increase in minimum wages over the last three years, more than Indonesia and China, but workers still struggle to make ends meet.

Vietnam has not taken full advantage of foreign direct investment (FDI) while its private enterprises have failed to connect with the global production chain.

Ho Chi Minh City’s economy expanded by 7.76% in the first six months of 2017, higher than the 7.47% growth rate recorded during the same period last year, according to the municipal government.

The Nikkei Asian Review on Thursday released its second annual Asia300 Power Performers Ranking, a compilation of the most powerful and valuable listed companies in Asia.

Poorly-planned projects have led to large housing inventory and a stagnant real estate market in Binh Duong Province.

HCM City will seek more public-private partnerships (PPP) investment for local projects due to the city’s budget limitations.

Vietnam’s first 7-Eleven convenience store opened in HCM City on June 15, attracting thousands of customers.

The bidding grievance handling mechanism needs to be renovated to ensure transparency and keep pace with the country’s rapid international integration, said Deputy Minister of Planning and Investment Dao Quang Thu.