HCM City-based electronics retailer Nguyễn Kim has been asked to pay nearly VNĐ150 billion (US$6.42 million) in fines and tax arrears after it was found to have been improperly manipulating the amount of personal income tax its employees had to pay over the past 10 years.

Deputy Prime Minister Trịnh Đình Dũng on Monday signed a decision to approve the establishment of Bamboo Airways, after receiving the proposal of the Ministry of Planning and Investment (MPI) and the consensus of relevant ministries.

A new regulation that stipulates telecommunication firms may only provide discounts for prepaid subscribers of up to 20 per cent has major problems and fails to uphold market economic principles, said Trần Mạnh Hùng, chairman of VNPT’s director board.

In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries.

The HCM City customs department informed South Korean firms about new trade regulations and resolved problems faced by the latter in carrying out customs procedures at a dialogue held on Tuesday.

The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Việt Nam, said Bùi Ngọc Tuấn, deputy general director of the Audit and Advisory firm Deloitte Việt Nam at a workshop on Tuesday in Hà Nội.

The Department of Farm Produce Processing and Market Development has forecast that pepper prices will struggle to recover in July and the rest of the year.

The ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Việt Nam.

Việt Nam’s benchmark VN Index ended on a negative note for the second day in a row as profit-taking pressure rose in the last minutes to limit the growth of large-cap companies.