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Uber, Grab operations in Vietnam to be evaluated

 Deputy Minister of Transport Nguyen Hong Truong asked authorities of provinces where Uber and Grab were providing services to develop a comprehensive evaluation of the operation of the car-hailing services firms.

PV Gas lowers 2017 business targets by 15-27%

 Shareholders of PV Gas (GAS) has approved the company’s plans to lower its business targets in 2017 by 15-27 per cent year-on-year, given the global instability and volatile oil market.

Vietinbank delays its MA with PGBank

 Vietinbank has not completed acquiring PGBank as the two sides have not finished all required procedures and got approval from the authorities.

Decision paves way for solar power development

 Opportunities to invest in Vietnam’s solar energy sector are abundant after Prime Minister Nguyen Xuan Phuc issued a decision to encourage the development of solar power projects. 

VN steel industry to grow, export pressures high

 The steel industry is expected to maintain its recent double-digit growth this year, helped by the recovery of the property market, but it will also face the pressure of trade defense instruments in import markets and competition from cheap steel.

FDI in green energy reaches over $770 million

 FDI in green energy reaches over $770 million 

Aviation authority prepares for US FAA safety assessment

 The Civil Aviation Authority of Vietnam (CAA) will co-operate with the US Federal Aviation Authority (FAA) to conduct an assessment of CAA’s capacity to oversee safety in accordance with International Civil Aviation Organisation standards in May.

Vietnam’s computer exports hit record high

 The export turnover of computers, electronic products and spare parts in March touched US$ 2.19 billion, the highest level ever recorded, the General Department of Customs said.

Saudi Arabia temporarily halts Vietnam’s live poultry imports

 Saudi Arabia’s Ministry of Environment, Water and Agriculture has banned the import of livebirds, hatching eggs and chicks temporarily from Viet Nam due to the bird flu disease.

Vietnam looks to Japan for infrastructure investors

 Facing fiscal constraints, Vietnam is turning to foreign enterprises for funding and expertise as it anticipates a need for $400 billion in infrastructure spending over the next decade.

Slow equitisations discourage firms

 The snail-paced equitisation of state-owned enterprises has irked both government leaders and investors.

FDI continues to inspire big growth expectation

 An expected rise in foreign direct investment and domestic demand will continue driving the local economy forward until next year.

Social media dominates online ad market

 Social networks now rival search engines as an effective online marketing and advertising channel, gaining a significant market share and raking in huge revenues in Viet Nam and elsewhere.

Three Vietnamese entrepreneurs among Forbes’ Asia 30 Under 30

 Three young Vietnamese entrepreneurs have been listed on Forbes’ 30 Under 30 Asia list this year.

Indian cars flood Vietnam market

 Viet Nam imported nearly 4,800 Indian cars in the first quarter of this year, increasing more than threefold compared with the same period last year, according to the Vietnam Customs.

Agriculture Ministry submits plan to develop shrimp industry

 The Ministry of Agriculture and Rural Development (MARD) has submitted to the Prime Minister a national action plan for the development of the shrimp industry through 2025.

VN Prime Minister halts US$10.6 billion steel plant

PM Nguyen Xuan Phuc has halted construction of the US$10.6-billion Hoa Sen Ca Na steel plant in south-central Ninh Thuan Province, while requiring more studies to be completed on the consumer demand and the environmental impact of the plant.

Vietlott churns up Vietnam's lottery market

 Since its launch last July the American-style computerised lottery Mega 6/45 has been rapidly becoming popular in Viet Nam due to its large prizes.

EU inspects Vietnamese shrimp export enterprises

Inspectors of the EU have examined several shrimp exporters in Bac Lieu and Ca Mau provinces due to doubts about the designation of origin, said Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade.

Housing prices in Vietnam show modest growth for 2016

 During 2016, according to Global Property Guide research, house prices rose in 29 out of the 45 housing markets around the globe that publish housing statistics, using inflation-adjusted figures.