Revised law on competition approved

Revised law on competition approved

The National Assembly adopted the law on competition (revised) on June 12 with 95.28pc of approval.
Local wind power tempting despite low incentives

Local wind power tempting despite low incentives

Investors are keeping their faith in Vietnam’s wind power sector, even though it is not taking off due to an unbankable purchase power agreement, seven years after the government released the incentives for wind power projects.
New decree aims to get rid of PPP impediments

New decree aims to get rid of PPP impediments

Vietnam’s newly issued Decree No. 63/2018/ND-CP on investment in the form of public-private partnership is expected to take effect on June 19, 2018 as part of the government’s efforts to address the existing obstacles to making infrastructure projects in various sectors more appealing to investors.
Mumuso origin scandal deepens

Mumuso origin scandal deepens 1

Korean television MBC in a feature on Mumuso demonstrated that the inscriptions on the company's products are gibberish.
Lotte wants new 50-year lease to turn profit with Lotte Mall Hanoi

Lotte wants new 50-year lease to turn profit with Lotte Mall Hanoi

Nearly two years after acquiring the largest trade centre in Hanoi from Citra West Lake City Development Co., Ltd., Lotte Group has yet to break ground on its Lotte Mall Hanoi, as the remaining period of operations is too short to turn a profit.
Dinh La Thang appeal trial to being on June 19

Dinh La Thang appeal trial to being on June 19

The notorious PVC-Oceanbank trial featuring defendant Dinh La Thang will begin appeal hearing on June 19.
Nidec Group to pour $200 million into Hoa Lac Hi-Tech Park

Nidec Group to pour $200 million into Hoa Lac Hi-Tech Park

Nidec Techno Motor Corporation's investment in Hoa Lac Hi-tech Park will start development this month and is expected to be launched in next January.
FastGo launches ride-hailing app with massive incentives

FastGo launches ride-hailing app with massive incentives

On June 12, FastGo was officially launched in Vietnam, marking a new heavyweight on the ride-hailing playground.
Go-Jek to be officially launched in Vietnam in mid-June

Go-Jek to be officially launched in Vietnam in mid-June

Go-Jek's local partner Go-Viet will launch the pilot project for ride-hailing services in Ho Chi Minh City.
Banks raise charter capital on own power for Basel II

Banks raise charter capital on own power for Basel II

Banks have been raising charter capital to stand ready for Basel II, but many were forced to touch owners' equity as investors were hard to come by.
NA passes Cybersecurity Law

NA passes Cybersecurity Law

The National Assembly on Tuesday morning passed the Law on Cybersecurity, with majority voting yes to the controversial bill.
Kim Jong Un commits to 'complete denuclearisation' in joint text with Trump at Singapore Summit

Kim Jong Un commits to 'complete denuclearisation' in joint text with Trump at Singapore Summit

North Korean leader Kim Jong Un on Tuesday (Jun 12) reaffirmed his "firm and unwavering commitment to complete denuclearisation of the Korean Peninsula".
NA passes two resolutions on June 12

NA passes two resolutions on June 12

The National Assembly passed a resolution approving the State budget balance in 2016 and another on the NA’s supervision programme for 2019 during its sitting in the morning of June 12.
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