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Transport Ministry requires Grab, Uber to stop ride sharing service

The Ministry of Transport on Tuesday said it had sent a document requiring Grab Taxi and Uber Vietnam Company to stop ride sharing service for contract cars because it breaks current regulations.

Vietnam aviation: Delays fall despite increase in total flights

The ratio of delayed flights operated by Vietnamese airlines in the first six months of 2017 dropped 3.6 percentage points from the same period last year to 12.2% despite a 6.2% increase in the number of total flights reaching 136,400.

Real estate agents claim housing market becoming more sustainable

 Vietnam's housing market is improving with a longer real estate cycle, according to property consultancy firm Savills Vietnam at a conference about stabilising the macroeconomy held on June 27.

Vietnam, Russia leaders to discuss ways to forward all-round ties

 President of Vietnam Tran Dai Quang and Russian leaders will discuss the two countries’ cooperation and measures to enhance ties during the Vietnamese leader’s visit from June 28 to July 1.

Grab, Uber reject accusations of tax evasion

 Both Grab and Uber as major ride-hailing firms in Vietnam have rejected as groundless accusations of tax evasion by traditional taxi companies, saying they abide by all requirements by tax and administrative authorities in the country.

Internet traffic back to normal in mid-July

 Repair of the Asia-Pacific Gateway submarine optic cable system will not be completed prior to July 14, so international Internet traffic will remain choppy until then, according to a source from the APG management board.

Vietnam to continue fuel import

Vietnam will continue importing fuels given an annual shortage of about 0.8 million tons of petrol and 1.8 million tons of diesel oil (DO) in the next five years.

Large corporations compete for market share in food sector

VietNamNet Bridge - The long-term demand of the market has prompted large corporations to spend trillions of dong making food, although 2017 is expected to be a tough year.

Vietnamese, Russian legislators discuss cooperation measures

Vietnam wants to continue intensifying cooperation with Russia in defence-security, said National Assembly (NA) Vice Chairman Uong Chu Luu.

HCM City to build one more bridge over Saigon river

 Deputy Prime Minister Trinh Dinh Dung has assigned the Ministry of Planning and Investment to work with the Ministry of Transport and the HCMC People’s Committee to assess one more bridge project over Saigon river.

New Masan Consumer Chairman elected

 Mr. Nguyen Dang Quang is no longer Chairman of Masan Consumer, the fast-moving consumer goods (FMCG) arm of the Masan Group, with effect from June 23.

Car ownership ratio remains low

 Despite the car industry's high growth rate, car ownership in Vietnam is still low compared to neighbouring countries, according to the survey by the marketing strategy consulting firm Solidiance.

SSC tightens stock market monitoring

 The State Securities Commission (SSC) will tighten supervision of securities transactions on the national stock exchanges to ensure market transparency and efficiency, the Hai Quan (Customs) newspaper reported on June 27.

The Gioi Di Dong goes international

 Giant mobile phone retailer The Gioi Di Dong (Mobile World) Investment Corporation has opened its first store outside the country.

VN looks to turn home firms into enterprises

In order to transform household businesses into enterprises, it is necessary to use “economic levers” rather than “administrative orders”, deputy director of the Central Institute for Economic Management (CIEM) Phan Duc Hieu said.

Special customs checks impede business growth

 Special inspection procedures on imported and exported goods do pose a major barrier for businesses as they account for up to 72 per cent of customs clearance time, officials conceded at a meeting held in Ha Noi on Monday.

FDI inflow into Vietnam surges in year’s first half

 Foreign direct investment (FDI) inflow saw a significant 54.8 percent surge in the first half of this year against the same period last year, reaching 19.22 billion USD.

Football players summoned for AFC U23 champs qualifiers

Head coach Nguyen Huu Thang on June 27 selected 28 players for the national U23 team for the upcoming 2018 AFC U23 Championship qualifiers.

K-League All Stars to send best players to Vietnam

 The K-League All Stars team will arrive in Vietnam with 18 players for a friendly match, according to coach Hwang Sun-hong.

President Tran Dai Quang holds talks with President Lukashenko

Visiting President of Vietnam Tran Dai Quang and President of Belarus Alexander Lukashenko held talks in Minsk on June 27, reiterating their determination to make greater efforts to bring bilateral ties to the next level.