Business

According to the Ministry of Finance, weak and inefficient firms should go bankrupt if the equitisation process fails.

The HCM City Department of Transport is seeking the municipal people’s committee's approval for a local company to pilot 100 electric cars.

The World Bank (WB) is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January.

More Vietnamese companies have planned to invest in African countries, seeing them as lucrative markets for their projects, according to the Ministry of Industry and Trade.

A new air route linking Vinh city in the central province of Nghe An to Thailand’s capital city of Bangkok was launched on June 8 with a ceremony at Vinh Airport.

Calculating the cost and choosing the investors and contractors for BOT projects must be transparent, Deputy Prime Minister Trịnh Đình Dũng said.

Chairwoman of Sovico Holdings, Nguyen Thi Phuong Thao, has become the first Vietnamese women to be listed among Forbes' World's 100 Most Powerful Women this year.

Authorities of the central Quảng Ngãi Province proposed shutting down the Guang Lian Dung Quất steel project, after inspecting project operations.

Small local suppliers are being confronted with demands for huge trade discount rates and bribery in order to access supermarket distribution.

The Indian Directorate General of Anti-Dumping and Allied Duties (DGAD) has announced its final decision on AD investigations on Plain Medium Density Fibreboard (MDF) imported from Vietnam and Indonesia.

Vietnam has begun preparatory steps to compile its economic plan for 2017, with a GDP target of 6.8 per cent set.

The Coc San hydro-electricity plant, the first foreign-funded power project in North Vietnam, will start generating power in the northern mountainous province of Lao Cai on June 8.

Nearly 70 percent of German companies in Vietnam are pleased with their business results, while more than half of German investors consider increasing their investment in Vietnam next year, the AHK World Business Outlook Survey 2016 has found.

Many taxi firms in Hanoi have intended to increase their fares following recent rises in petrol prices, said the city Taxi Association Chairman Do Quoc Binh.

Vietnam is speeding up process to disburse USD2.15bn in ODA in 2016 as the World Bank and Asian Development Bank will stop providing ODA to the country.

Hanoi is calling for investment of USD15.4bn for the constructions of four new railway lines and dozens other public–private partnership projects.

HCM City Party Secretary Dinh La Thang promised to create better conditions for local firms as they are facing tougher competition from trade agreements.

With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5 per cent retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the

The retail prices of RON 92 petrol and E5 bio-fuel increased by 680 VND and 668 VND per litre, respectively, from 3:00pm on June 4.