Economy and commerce
Investment
Vietnam tax authorities to get tough on Uber: report
More than a year after entering Vietnam and constantly facing authorities’ scrutiny and protests from taxi companies, US-headquartered cab-hailing service Uber is in the hot seat for failing to pay taxes. Speaking to Tuoi Tre newspaper on 9 January, a Ho Chi Minh City tax official ...
Question in Thailand's Nakhon Phanom: Disney Laos is a hoax?
Business leaders in Nakhon Phanom are scrambling for facts to verify the reported construction of Disney Laos, with fears that this could be a hoax which could spark land price speculation in the northeastern province. Charnyuth Uppapong, chairman of the provincial chamber of commerce, said on ...
Thailand's TCC acquires Metro Vietnam for $704 million
Thai consumer goods group TCC Holding Co. Ltd has completed its acquisition of the Vietnamese operations of Metro for 655 million euros (US$704.1 million). TCC’s subsidiary TCC Land International Pte. Ltd. takes over Metro’s 19 stores and related real estate portfolio in Vietnam, the German company ...
Trade-friendly Vietnam now offers far more than just low-cost labor
Vietnam is seen by many foreign businesses as being a very attractive place to invest in and do business for many reasons, Francois Guibert, Chairman of the EU-ASEAN Business Council says. “Vietnam has a lot more to offer investors than just low-cost labor,” Guibert told Thanh Nien ...
Two Malaysian firms plan agarwood venture in Laos
Two Malaysian companies plan to invest US$18 million (RM79 million) for the inoculation of agarwood in Laos that is expected to generate US$200 million in three years. Agriculture transaction company Aseagate (M) Sdn Bhd, forestry management company Richwood Capital Sdn Bhd, together with non-governmental organisation Global ...
Somkid: Exports take back seat to local work
The Thai government is focused on stimulating the domestic economy and promoting community-based enterprises in the first half of the year as the global economic recovery appears set to remain sluggish. Deputy Prime Minister Somkid Jatusripitak said on 5 January at a cabinet meeting that in light ...
Facing budget hurdle, Vietnam turns to private investors for transport projects
Vietnamese Prime Minister Nguyen Tan Dung has ordered the transport ministry to create more favorable policies to attract private investment into public infrastructure projects, saying the government’s financial resources are limited. The state budget cannot be spent extravagantly, and sovereign bonds cannot be issued excessively or ...
Vietnam weakens dong fixing as it adopts market-based rate
The State Bank of Vietnam reduced the dong’s reference rate for the first time since August, after saying over the weekend that it is moving to a more market-based methodology in setting a daily reference rate versus the dollar. It lowered the fixing by 0.03 percent ...
Vietnam adds flesh to regulatory bones to court more investment
Vietnam has issued detailed regulations for foreign investors in 17 business sectors in a drive to improve the investment climate of a fast-growing country blighted by bureaucracy, but now seeing record inflows of foreign capital. The new list of sectors specifies foreign investment ratios, the scope ...
Vietnam lists 17 sectors open for foreign investment
The Vietnamese government has published a list of 17 business sectors that are open to foreign investors, with some conditions, in a bid to improve the investment environment following this year’s record inflow of foreign capital. Until now, Vietnam – often criticized for a lack of ...
