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Mai Linh Group heats up the hi-tech motorbike taxi game to compete Uber, Grab

Mai Linh Bike, brand of motorbike taxi service of Mai Linh Group is officially just launched in three big cities namely Ha Noi, Da Nang and Ho Chi Minh city (HCMC) to compete with GrabBike, and UberMoto.

Viettel Global pays up to 14 per cent in taxes when remitting profits from overseas

The highest tax rate it is subject to when moving profits to Vietnam from other markets is 14 per cent, in Cambodia, according to Viettel Global.

Ten enterprises publicized debts of land rent and use charges amounting to over US$16 million in Hanoi

The Hanoi Tax Department has announced the November’s list of 133 firms and units owing debts of tax, land rent and use charges with the total amount of VND450 billion (roughly US$19,8 million). Especially, 10 firms owe land rent and use charges up to more than VND375 billion (approximately US$16 million).

9,000 rich people in Vietnam owned assets of US$358 billion

In total, global wealth has grown by US$16.7 trillion to US$280 trillion, which corresponds to a rise of 6.4 per cent. This is the highest increasing level since 2012 and the size of assets has been 27 per cent higher since the financial crisis ten years ago.

Finnish Company to invest US$33 million into a clean energy project in Hanoi

The waste-to-energy project is considered to be the overall solution for collecting, classifying urban solid waste and converting it into biogas as well as other combustible materials to produce electricity. The plant is capable of processing about 600 tons of waste per day.

Second largest electricity producer outpaces its equitization by seeking strategic partners

The Equitisation of PV Power, the second largest power producer in Vietnam, kicked into high gear after the Ministry of Industry and Trade (MOIT) presented its new equitization plan to the Government on November 8, 2017.

Vietnam Airlines plans to list on bourse by early 2018 and divest state shares down to 51 per cent

Vietnam Airlines is moving forward to its turning point with the planned listing on the Ho Chi Minh City Stock Exchange (HOSE) in the first quarter of 2018, which reduces the state share to 51%.

Vietjet reached a US$600 million deal with Pratt & Whitney

Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and VietJet Air have reached a deal including a 12-year EngineWise™ Fleet Management Program.

Over twenty thousand cars sold in October showing a rebound in the market

There was a positive sign of the Vietnam automobile industry of which revenue in October 2017 was higher than last month.

Korea offers US$1.5 billion ODA loans to Vietnam

Minister of Planning and Investment Nguyen Chi Dung and South Korean Ambassador Lee Hyuk signed the Framework Arrangement regarding US$1.5 billion loans from the Economic Development Cooperation Fund (EDCF) for the 2016-2020 period.