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May 30, 2017

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Business > Asia > Vietnam
Formosa Plastics Group (FPG, 台塑集團), one of the leading conglomerates in Taiwan, has decided to expand its investment in a joint steel venture in Vietnam, which is expected to begin production by the end of June.
 
In an indication of regulatory obstacles that stand in the way of companies using ride-sharing apps that people can use to hire transportation in major cities around the world, the Ministry said Uber Vietnam had not met several conditions for regularizing its operations in the country.
 
Vietnam's economic growth eased off in 2016 but remained resilient in the face of a global trade slowdown and environmental disasters, authorities said Wednesday.
 
Vietnam has arrested five former bank employees for alleged mismanagement, including an ex-managing director and his deputy, the latest executives to be punished in the scandal-hit sector.
 
Tourism boom threatens once-remote peaks of Vietnam's Sapa
At the top of Vietnam's Fansipan Mountain, throngs of giddy tourists wielding selfie sticks jostle for a photo op on the once-remote peak in the Sapa region, famed for its breathtaking views across undulating rice terraces.
 
Vietnam carriers splurge US$6.5 bil. on new jets
Vietnam airlines bought 40 airplanes worth US$6.5 billion from France's Airbus Tuesday, as President Francois Hollande visited the communist nation to drum up business ties with one of Southeast Asia's fastest-growing economies.
 
The M&A trend is gaining popularity because foreign retailers provide the benefit of experience in management, operations, expansion and development of a distribution system, thus reducing the pressure of competition.
 
State price management agencies in Vietnam will face many challenges in the second half of the year if they are to meet the National Assembly's (NA) target of keeping inflation under 5 percent, experts said at a conference held yesterday.
 
Hanoi targets no private vehicles by 2025
The Vietnam authorities are investing in transportation projects as part of the plan to reduce congestion in Hanoi.
 
Hard to beet
A vendor sits atop her stand of vegetables -- coming in colors white, green, red, yellow, and brown -- at a market in Hanoi, Vietnam on Friday, June 3.
 
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