Vietnam mulls tax incentives for locally-made auto parts

Vietnam’s Competition Council ruled Wednesday that Grab’s acquisition of Uber last year did not infringe the Competition Law. 

Government inspectors will study the latest power price adjustment that saw electricity bills go up by 8.36 percent from March 20.

Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years.

The Ministry of Industry and Trade says electricity prices will go up 8.36 percent starting this month to cover rapidly rising costs.

Amazon is collaborating with Vietnam’s trade ministry to sell the country’s products on its system globally.

Ride-hailing firm Grab has asserted that it did not breach Vietnam’s competition laws, contesting authorities’ definitions and interpretations.

Industry and Trade Ministry says many hurdles stand in the way of generating the power Vietnam needs to maintain a high growth rate.

A proposal to reduce power prices for the hospitality industry by 37 percent per unit has drawn a counter-proposal to increase prices for the production sector.

Vietnam has climbed two spots on the Global Innovation Index and earned praise for being one of the few countries showing consistent progress.

The project is being developed by a Japanese-South Korean consortium.

Negotiators will be sitting down next week, maybe over a beer, to iron out the details.

The company with sizable stake in Toyota, Honda and Ford in Vietnam will offer 167 million shares.

Substandard 'made in Vietnam' products may offset Vietnam-E.U. free trade agreement benefits.