vietnam shoe and garment exports see drastic slowdown in 2016

Vietnam shoe and garment exports see drastic slowdown in 2016

Vietnam’s export of garment and shoes seems poised to record significantly lower growth this year.
alibabas taobao listed again among us trade agencys notorious markets

Alibaba’s Taobao listed again among US trade agency’s notorious markets

E-commerce platform Taobao, a subsidiary of Alibaba Group, which also owns a stake in e-commerce platform Lazada, has been once again listed as a notorious market by the Office of the United States Trade Representative (USTR).
ministry may pull the plug on dung quat shipbuilding industry co ltd

Ministry may pull the plug on Dung Quat Shipbuilding Industry Co., Ltd

As reported by newswire vneconomy.vn, bankruptcy is one of the options for Dung Quat Shipbuilding Co., Ltd., Vietnam National Oil and Gas Group (PetroVietnam)’s shipbuilding subsidiary.
multiple counts of mismanagement uncovered at scic

Multiple counts of mismanagement uncovered at SCIC

The Government Inspectorate of Vietnam announced the results of its investigation yesterday, showing that State Capital Investment Corporation (SCIC) has violated a number of regulations in the course of managing state capital in the companies assigned to it.
vietnam introduces protective policy for domestic car industry

Vietnam introduces protective policy for domestic car industry

Producing, assembling, and importing cars has officially become a field where enterprises must satisfy specific conditions to do business.
trump reaffirms us withdrawal from tpp

Trump reaffirms US withdrawal from TPP

President-elect Donald Trump said the US will quit the Trans-Pacific Partnership (TPP) Agreement on his first days in the White House.
petrolimex doubles profit and about to go public

Petrolimex doubles profit and about to go public

Vietnam National Petroleum Group (Petrolimex), in which Nippon Oil and Energy Corporation holds 8 per cent, reported a significant rise in profit in the third quarter and is going to submit all documents needed to list its stocks by the end of this year.
marubeni and kepco a step closer to first of its kind power plant in vietnam

Marubeni and KEPCO a step closer to first-of-its-kind power plant in Vietnam

The consortium of Japanese company Marubeni Corporation and Korea Electric Power Corporation (Kepco) today signed the investment agreement for Nghi Son 2 thermal power plant in the central province of Thanh Hoa.
ford recalls over 1000 units in vietnam

Ford recalls over 1,000 units in Vietnam

Ford Vietnam is recalling over 521 Ford Everest and 539 Ford Focus vehicles to fix sub-standard technical features.
hanoi to suspend karaoke bars after blazing tragedies

Hanoi to suspend karaoke bars after blazing tragedies

In the wake of recent fires breaking out at karaoke bars and in a bid to prevent further casualties, the authorities of Hanoi are considering suspending the operation of all karaoke bars till December 31.
pay up pvi bibicas 516 million insurance claim enforced

Pay up PVI-Bibica’s $5.16 million insurance claim enforced

Insurer PVI, a PetroVietnam member company, is going to pay a total compensation of VND115.2 billion ($5.16 million) to customer Bibica in a claim that has been going for three years.
electronics retailer accuses employee of quirky theft

Electronics retailer accuses employee of quirky theft

Electronics retailer The Gioi Di Dong has identified an employee as the culprit replacing shrink-wrapped iPhones with stones.
berjaya vietnam lottery faces fraud accusations

Berjaya Vietnam lottery faces fraud accusations

Vietnam Lottery One-member Limited Liability Company (Vietlott), the foreign partner of which is Berjaya’s Vietnamese subsidiary Berjaya Gia Thinh Investment (Berjaya GTI), is facing multiple allegations of fraud.
ministry lets workers decide on raising overtime cap

Ministry lets workers decide on raising overtime cap

The Ministry of Labour, Invalids and Social Affairs (MoLISA) will conduct a nation-wide survey on the amount of extra hours Vietnamese workers would be happy to work before lodging a proposal to raise the cap, meant to satisfy foreign employers’ recurring requests.
vietnamobile yet to jump on 4g bandwagon

Vietnamobile yet to jump on 4G bandwagon

The Ministry of Information and Communications (MIC) have licensed four operators, namely Viettel, VNPT, MobiFone, and Gmobile, to provide 4G on the 1800 MHz bandwidth.