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12 ailing state-managed projects mired in $2.7 bln debt

12 ailing state-managed projects mired in $2.7 bln debt

Several state-owned companies have lost money and piled up over VND63.3 trillion ($2.73 billion) worth of debts as a result of poor execution of 12 factory construction and expansion works.
Multi-level marketing firms’ revenues rise despite fewer participants

Multi-level marketing firms’ revenues rise despite fewer participants

The number of participants in multi-level marketing declined by 12 percent in 2019 though sales rose by 16 percent.
August 25, 2020 | 12:33 am PT
Ministry says no to suspension of petroleum imports

Ministry says no to suspension of petroleum imports

The trade ministry has rejected a proposal that Vietnam stops importing petroleum, saying large domestic inventories cannot negate other factors like international commitments.
May 16, 2020 | 02:21 am PT
Financial sector elicits most complaints in Vietnam

Financial sector elicits most complaints in Vietnam

Banking, finance and insurance were the three industries to receive the most customer complaints in 2019, the Ministry of Industry and Trade has reported.
February 6, 2020 | 10:36 pm PT
Petrovietnam profits drop despite revenue surge

Petrovietnam profits drop despite revenue surge

State-owned oil giant Petrovietnam saw consolidated pre-tax profits fall 13.4 percent year-on-year to VND43.8 trillion ($1.89 billion).
January 10, 2020 | 09:00 pm PT
Vietnam braces for trade deficit in 2020

Vietnam braces for trade deficit in 2020

The government expects a trade deficit next year as global conditions worsen, and wants to cap it at 3 percent of export turnover.
November 12, 2019 | 06:15 pm PT
The indebted dozen: state-managed projects pile up losses

The indebted dozen: state-managed projects pile up losses

Twelve loss-making projects managed by the Ministry of Industry and Trade have racked up debts totaling VND20.06 trillion ($862 million) as of June.
October 25, 2019 | 09:00 pm PT
Trade Ministry denies sale of top brewery shares to Chinese investors

Trade Ministry denies sale of top brewery shares to Chinese investors

Vietnam’s trade ministry, which can veto share sales by Sabeco, has confirmed that Chinese investors have not acquired shares in the nation’s largest brewery.
October 3, 2019 | 04:32 am PT
Vietnam mulls tax incentives for locally-made auto parts

Vietnam mulls tax incentives for locally-made auto parts

Vietnam is considering removing the special consumption tax on car parts produced in the country to boost local manufacturing.
August 7, 2019 | 01:59 am PT
Why Vietnam bucked the trend on Grab-Uber deal

Why Vietnam bucked the trend on Grab-Uber deal

The finding that Grab’s acquisition of Uber’s Vietnam operations did not violate antitrust laws has bucked the general trend.
June 24, 2019 | 07:51 pm PT
Vietnam ruling: Grab-Uber deal does not violate antitrust laws

Vietnam ruling: Grab-Uber deal does not violate antitrust laws

Vietnam’s Competition Council ruled Wednesday that Grab’s acquisition of Uber last year did not infringe the Competition Law. 
June 19, 2019 | 04:12 am PT
Vietnam to examine potential issues with recent power price hike

Vietnam to examine potential issues with recent power price hike

Government inspectors will study the latest power price adjustment that saw electricity bills go up by 8.36 percent from March 20.
May 3, 2019 | 06:29 pm PT
Vietnam electricity prices go up after two years

Vietnam electricity prices go up after two years

Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years.
March 19, 2019 | 11:26 pm PT
Vietnam electricity prices to rise by 8.36 pct this month

Vietnam electricity prices to rise by 8.36 pct this month

The Ministry of Industry and Trade says electricity prices will go up 8.36 percent starting this month to cover rapidly rising costs.
March 6, 2019 | 11:12 pm PT
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