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GM to recall 2.5m vehicles in China over Takata airbags

GM to recall 2.5m vehicles in China over Takata airbags

BEIJING: General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to the US automaker in the world's largest car market.

Sabeco stock sets new record

Sabeco stock sets new record

After the Ministry of Industry and Trade (MoIT) released information about the volume of the state-owned stake to be divested in Saigon Beer, Alcohol and Beverage Corporation (Sabeco), the value of Sabeco shares flew to a new record of VND263,000 ($11.56) on the September 5 trading session.

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Over 12,400 new firms set up in August

Over 12,400 new firms set up in August

As many as 12,404 new enterprises were set up in August with total capital of VND131 trillion (US$5.76 billion), up 6.2% in volume and 39% in value, reported the General Statistics Office (GSO).

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Volkswagen, local partners recall 1.82 million vehicles in China

Volkswagen, local partners recall 1.82 million vehicles in China

BEIJING: German car giant Volkswagen and its two Chinese joint-ventures will recall 1.82 million vehicles in China, the country's top consumer watchdog said Monday, in a new setback for the scandal-hit company.

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ROK poised to increase market share in Vietnam drug market

ROK poised to increase market share in Vietnam drug market

The Vietnam government issued new a new law effective July 1, 2017 that dramatically alters foreign sector involvement in activities of the pharmaceutical segment of the country’s economy.

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Bargasse based electricity a possibility

Bargasse based electricity a possibility

Vietnam Sugarcane and Sugar Association (VSSA) hopes to set up power plants that run on sugarcane by-products.

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In its 25th year of local investment, SCG goes in big

In its 25th year of local investment, SCG goes in big

SCG is developing a firmer foothold in Vietnam with the recent resumption of its Long Son Petrochemicals complex, first licensed in 2008.

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Vietnam Airlines to finalise schedule for call option auction

Vietnam Airlines to finalise schedule for call option auction

Vietnam’s biggest air carrier Vietnam Airlines will finalise the schedule to auction call options over 57.8 million shares before the end of the third quarter of 2017.

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Senior personnel change at Habeco

Senior personnel change at Habeco

Carlsberg Breweries A/S has introduced its new representative for a vacancy on the Board of Directors of Hanoi Beer, Alcohol and Beverages Corporation (Habeco), aiming to increase its controlling rights.

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Co-working space an affordable alternative

Co-working space an affordable alternative

Leasing co-working space is more cost-efficient for small businesses than traditional commercial leasing, where the area may be much larger than their needs, according to Ms. Hoang Dieu Trang, Senior Manager, Commercial Leasing, at Savills Hanoi.

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IPO at any cost might risk market manipulation

IPO at any cost might risk market manipulation

Throughout the SOE equitisation process, the valuation of enterprises pre-equitisation is a key step as a premise to approve the equitisation plan. However, the appraisal process of determining an enterprise’s value has shown that there are still many shortcomings and gaps in practice, possibly leading to the loss of state resources.

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Honda reaches US$605 million settlement over defective airbags

Honda reaches US$605 million settlement over defective airbags

Japanese carmaker Honda reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads, the legal team for the victims said Friday.

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PVN Deputy General Director arrested

PVN Deputy General Director arrested

HÀ NỘI – Deputy General Director of Vietnam Oil and Gas Group (PVN) Ninh Văn Quỳnh was detained on Friday for “deliberately violating State regulations and causing serious consequences” for PVN.

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Corporate tax law changes worry businesses

Corporate tax law changes worry businesses

The Ministry of Finance (MoF) has announced changes in the Law on Corporate Income Tax (CIT) to better regulate and monitor the level of equity and taxable income for firms operating in Việt Nam.

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JVC reports positive results for 2016 and aims high for 2017

JVC reports positive results for 2016 and aims high for 2017

Japan Vietnam Medical Instrument Joint Stock Company (JVC) has reported positive results one year after  restructuring and set optimistic targets for 2017, while insisting on a close relationship with Japanese investors.

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PV Drilling signs $6-million contract for jack-up rig

PV Drilling signs $6-million contract for jack-up rig

On August 31, PetroVietnam Drilling and Well Services Corporation (HOSE: PVD) announced entering into a contract to provide jack-up rig “PV Drilling I” for Singapore-based KrisEnergy.

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