News

HCMC – Although the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect over four months ago, local firms have yet to enjoy tax incentives, stated a customs official.

HCMC – A project to rehabilitate aging and deteriorating sewers in downtown HCMC, which will deploy a robot with sewage pipeline renewal technology, or SPR, has been approved by the municipal chairman, Nguyen Thanh Phong.

The government is seeking National Assembly permission to allocate VND4 trillion ($171 million) to pay dues to the builder of the Hanoi – Hai Phong Expressway.

HCMC - Local enterprises and those from Australia, Singapore and the United States have expressed interest in a financial center project in Thu Thiem New Urban Area in District 2, HCMC, which requires an estimated VND5 trillion (US$213.6 million) in funding.

HCMC - Tolls on eight sections being developed under the public-private partnership format for the North-South expressway project are likely to be collected for at least 24 years.

DANANG – Many one-to-three-star hotels in the central coastal city of Danang are struggling to achieve sustainable development due to unethical business practices and volatile business operations.

Stocks in Asia declined in Wednesday morning trade following overnight losses on Wall Street that saw the Dow Jones Industrial Average falling more than 200 points.

Stocks fell on Tuesday as a decline in interest rates during the U.S.-China trade war sparked worries about a possible slowdown in the economy.

Lawmakers have expressed concern that most build-transfer projects are awarded without open bidding, leading to losses for the state budget.