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Vietnamese shipping companies running massive losses

Vietnamese shipping companies running massive losses

Vietnam's state-owned shipping group Vinalines and Shipbuilding Industry Corporation (SBIC) are running massive looses.

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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Prudential Finance retains throne with third Excellent Performance Award from SBV

Prudential Finance retains throne with third Excellent Performance Award from SBV

Prudential Vietnam Finance Company Ltd. has received the “Excellent Performance” 2016 Award, announced by Decision No.1504/QD-NHNN and signed by Governor of the State Bank of Vietnam on July 17, 2017.

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Grab and Uber fined, Mai Linh and Vinasun losing value

Grab and Uber fined, Mai Linh and Vinasun losing value

From early 2017, nearly 100 Grab and Uber drivers have been financially penalised for nearly VND350 million ($15,400) due to lack of listed identification information, such as name and phone number of the companies. At the same time, both Grab and Uber still enjoy substantial growth in customer base, while traditional taxi operators Mai Linh and Vinasun’s stocks are losing their shine.

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Prime Minister calls on Gov’t to cut business fees

Prime Minister calls on Gov’t to cut business fees

Administrative procedures in many ministries, sectors and localities remain complex, causing difficulties for enterprises, said Prime Minister Nguyen Xuan Phuc at the monthly Government meeting on Wednesday.

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Aviva officially launches new brand name and shows long-term commitment to Vietnam

Aviva officially launches new brand name and shows long-term commitment to Vietnam

Multinational insurance company Aviva announced the launch of Aviva Vietnam Life Insurance Company Limited, which recently became a wholly-owned subsidiary of Aviva, cementing its footprint in the high growth potential markets of Vietnam and Asia.

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Uber hires Dara Khosrowshahi as chief

Uber hires Dara Khosrowshahi as chief

SAN FRANCISCO: Uber said late Tuesday (Aug 29) that it has hired Expedia boss Dara Khosrowshahi as its new chief executive.

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Workers strike at VW plant in Portugal

Workers strike at VW plant in Portugal

LISBON: Production at a Volkswagen factory in Portugal was paralysed on Wednesday (Aug 30) as workers went on strike over plans to introduce a mandatory Saturday shift to allow for production of a new compact SUV model.

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Automobile importers hit hard by recent scandals

Automobile importers hit hard by recent scandals

The imported automobile market in Vietnam have had numerous disturbances after the scandal of the official BMW distributor importing its newly introduced BMW 320i Sport illegally as well as the withdrawal of the official Renault distributor.

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Ha Noi taxis to use common operating software

Ha Noi taxis to use common operating software

Ha Noi’s Department of Transport has proposed to make it compulsory for all taxi transport businesses to use a common taxi operating software from July 1, 2018.

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Prosecutors appeal against ruling on Samsung heir Lee Jae-yong

Prosecutors appeal against ruling on Samsung heir Lee Jae-yong

SEOUL: Prosecutors on Tuesday (Aug 29) demanded a harsher punishment for the heir to the Samsung empire, appealing against a court ruling that sentenced him to five years in prison for bribery.

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VW recalling 281,000 vehicles due to defect

VW recalling 281,000 vehicles due to defect

WASHINGTON: The US branch of embattled German carmaker Volkswagen announced on Tuesday (Aug 29) it was recalling 281,000 vehicles to fix a faulty fuel pump in another blow to the company's image.

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Uber pays out US$10 million to get back on Philippine roads

Uber pays out US$10 million to get back on Philippine roads

MANILA: Ride-sharing app Uber said on Tuesday (Aug 29) it had paid nearly US$10 million in fines and drivers' compensation to return to the Philippines' roads, after it was suspended for defying the government.

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PM pledges good conditions for ExxonMobil

PM pledges good conditions for ExxonMobil

The Government of Viet Nam will create favourable conditions for ExxonMobil to implement projects in the country, Prime Minister Nguyen Xuan Phuc has said.The Government of Viet Nam will create favourable conditions for ExxonMobil to implement projects in the country, Prime Minister Nguyen Xuan Phuc has said.

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VietMedical provides training for nearly 100 nurses in Hanoi

VietMedical provides training for nearly 100 nurses in Hanoi

VietMedical organised a training course on safe practices in the operating room for nearly 100 nurses working at major hospitals in Hanoi.

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