PM orders review of Sabeco's $134.2m tax bill

Prime Minister Nguyen Xuan Phuc has said the Tax Department of HCM City has not yet enforced its tax decision on collecting VNĐ3.14 trillion (US$134.2 million) from Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.

VN-Index hit hard, creates new low

Shares declined further on Thursday with VN-Index breaking last year’s bottom of 880.85 points as a series of blue-chip stocks were hit hard, partly due to the affect of falling global market.

VN to keep outperforming region: Fitch Solutions

Việt Nam’s economy expanded by 7.1 per cent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.

Grab’s acquisition of Uber scrutinised

The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Việt Nam.

Ministry to inspect real estate firms

The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lạc Hồng, Thường Tín and Eurowindow Nha Trang.

Annual Tết tree frenzy gets started

The Lunar New Year holiday offers great opportunities for artists in the Mekong Delta to earn high income from customers who request unique shapes for their ornamental trees, from an image of a Buddha to a favourite pet.

Viglacera gets approval to list shares

The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of State-owned glass and construction ceramics producer Viglacera on the southern bourse.

Đà Nẵng’s FDI projects worth $2.9 billion

The central city of Đà Nẵng granted new licences to 126 foreign direct investment (FDI) projects in 2018 with a total investment value of US$155.9 million – double the level it saw in 2017.

Solar plants face a consumption crisis

Việt Nam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.

Realtors reject foreign purchase claim

The HCM City Real Estate Association has rejected media reports that there has been a surge in the purchase of housing in HCM City by foreigners, with most being from mainland China and Hong Kong.

Thaco pours $200m into production plant

The local Truong Hai Automobile Company (Thaco) has invested VND4.5 trillion (nearly US$200 million) in a manufacturing plant to produce cars for luxury European brands in the central province of Quảng Nam.

Flower farmers prepare for Tết

As Tết approaches, authorities are working to help flower farmers avoid losses, which occurred last year during the holiday season. .

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