Việt Nam News

The bumpy road thus far for ride-hailing companies Uber and Grab in Việt Nam could well end in a jagged cliff as authorities turn the scanner on their operations, tax practices and competition with domestic taxi operators.

Trường Hải Automobile Company (Thaco) has inaugurated an agricultural machinery manufacturing plant in the Chu Lai-Trường Hải Industrial Complex in the central province of Quảng Nam.

As one of the fastest growing e-commerce countries in the world, Việt Nam is considered a high-potential market for e-logistics, analysts have said.

Việt Nam always treasures and encourages foreign investors, including those from India, to invest and do business in the country, President Trần Đại Quang told Indronil Sengupta, Chief Executive – Vietnam at Tata Sons. 

The animal feed industry of Việt Nam, despite being among the world’s fastest-growing by scale and output, is dominated by foreign firms while local producers are struggling to compete.

Exports of plastics are expected to grow by 12–15 per cent this year, according to the Việt Nam Plastics Association (VPA).

Việt Nam needs more airlines, besides the four current ones, to meet the increasing demand in the aviation market.

Flower growers in the southern province of Trà Vinh are excited as this year’s flower season has been productive, with price increases from VNĐ10,000 (50 US cents) to VNĐ15,000 per pot compared to last year.

People are preferring confectionery products from Vietnamese manufacturers than foreign products in order to prepare for up-coming Tết (Lunar New Year).

As many as 104 shops and supermarkets here willremain open during Tết (Vietnamese Lunar New Year).

National carrier Vietnam Airlines and its subsidiary Jetstar Pacific have added seven flights, or 1,300 seats.

The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.

Hà Nội’s export management authorities have set out to invigorate local firms to achieve an ambitious goal of growing export turnover some 7.5 to 8 per cent in 2018.

The Government hopes to attract 135,000 new firms in 2018. Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said this was achievable, but would require quick reforms.

Many supermarkets are launching attractive promotion programmes in the days ahead of Tết (Lunar New Year) to attract customers. Tết falls on February 16 this year.

The committee for the management of State capital at enterprises must focus on two key long term tasks; which are bolstering the equitisation and divestment of State capital and improving the capacity and efficiency of State-owned enterprises, especially large corporations, said Prime Minister Nguyễn Xuân Phúc.

Farmers who grow watermelon in Cà Mau Province’s Cà Mau City are raking in high profits because of a bumper harvest and rising prices for the Tết (Lunar New Year) holiday when the fruit is used on virtually every family altar.

Vietnamese shares posted a strong comeback on Monday after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.