FDI firms prefer commercial dispute arbitration

As many as 40 per cent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trọng Đạt, Deputy Secretary General of the Việt Nam International Arbitration Centre (VIAC).

Oil firms pile up losses, shares take beating

The first quarter of this year saw the Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PXS)’s revenues plummet to a mere VNĐ18.5 billion (US$815,000), 94.4 per cent down year-on-year.

Banks eye consumer finance

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.

Backlash on MoF tax plan

Experts’ opinions on the Ministry of Finance's (MoF) tax adjustment draft proved to be mixed, while the business community struggles to keep up with the variety of newly proposed tax hikes.

Firms buy goods from distressed farmers

Korean supermarket chain Lotte Mart has bought more than 10 tonnes of pumpkins and five tonnes of watermelons from distressed farmers facing declining prices because of a bumper crop in Đắk Lắk and Quảng Nam provinces.

Vietnamese goods to be showcased in Japan

From June 4-13, the Hà Nội Promotion Centre on Trade, Investment and Tourism, relevant agencies and 25 firms will introduce Vietnamese handicraft and fine art articles, agricultural products, food and Hà Nội’s tourist attractions at Aeon Lake Town in Saitama prefecture and 40 other Aeon stores across Japan.

VN holds largest cyber security drill

Nearly 150 organisations, including State agencies, banks and enterprises, participated in a cyber security drill on Wednesday and Thursday, recorded as the largest ever in Việt Nam.

VN stocks close up on weekend

Vietnamese shares rebounded on Friday as investors started hunting for stocks that had declined recently to more attractive price levels.

Land prices around HCM City jump

The appreciation in land prices seen in HCM City in recent years is spreading to its adjoining provinces, according to traders and agents.

VN firms urged to tap Arab market

The affluent Middle East is a promising market for Vietnamese companies, the Việt Nam Chamber of Commerce and Industry has said.

MVL to enter ride-hailing market

After Uber’s departure from Việt Nam’s ride hailing market, a newcomer named Mass Vehicle Ledger Foundation Pte. Ltd (MVLchain) has made its move to enter the country’s Grab-dominated ride industry.

 

Agency to review beer producers’ tax liabilities

Deputy Prime Minister Vương Đình Huệ has asked the State audit agency to review the investigation conclusions concerning tax liabilities of two corporations amounting up to VNĐ4.35 trillion (US$191 million).

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