Transport Minister Nguyen Van The has sent a draft decree on business conditions for road transportation businesses to the PM for the ninth time, insisting that the installation of roof light boxes for tech-based ride-hailing vehicles is necessary.

The revised Law on Tax Management, passed by the National Assembly, sets out regulations to collect taxes from Google, YouTube, Facebook and the like from July 1 next year, even if they do not open representative offices in Vietnam.

Chinese companies are accelerating investment in Vietnam – but some local businesses are voicing concerns.

Vietnam's gas supply is forecast to fall short of demand between 2017 and 2035, therefore, which makes it necessary to develop new gas sources, build infrastructure to develop marginal gas fields or even import liquefied natural gas (LNG).

Among more than 500 businesses producing plastic bags in Vietnam, only about 30 have environmental-friendly certificates issued by the Ministry of Natural Resources and Environment.

Unlisted local commercial banks must consider a raft of matters if they are to list by 2020 under the latest government scheme.

The departures of the 24-hour convenience store chain Shop & Go, the e-commerce site Robins.vn and now the supermarket chain Auchan mirror the fierce competition in Vietnam’s retail market. 

The hotel room redundancy is deepening in various parts of the country, especially Nha Trang City in Khanh Hoa Province, despite, paradoxically, a steep rise in international visitor arrivals in the past few years.

Aquatic firm sets to withdraw from two sub units

Over 890 projects in infrastructure with total investment of $9.43 billion are being carried out by in the Mekong Delta by 898 businesses from Ho Chi Minh City, according to statistics of the municipal People’s Committee.

According to the government’s report, since more than 81 percent of the country’s public companies have charter capital of over VND30 billion, the revision thus will affect only a minority of firms.

The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.

Tourism is likely to become Vietnam’s new growth pillar, increasing its contribution to the service sector and overall GDP.

The ongoing revision of Vietnam’s securities law is expected to remove restriction for foreign ownership limit at local companies.

As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness.

More Vietnamese companies are turning to­ mergers and acquisitions to beef up their domestic market presence and boost growth.

There is a growing need for innovative solutions that open up opportunities for private investment into economically, socially and environmentally sustainable projects in Vietnam.

The country plans to need about US$480 billion for infrastructure investment by 2020, with additional projects in the pipeline including about 1,380 km of highway and around eleven power plants.

With ASEAN’s third largest population of over 94 million people yet the region’s lowest urbanisation ratio of 36 per cent in 2018, Vietnam and its property market have the potential to surpass regional peers.

The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning.