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Vietnam electronics retailer Nguyen Kim buys Zalora's local operations
Zalora, one of Southeast Asia’s biggest online fashion marketplaces, has completed a deal to sell its Vietnamese operations electronics retailer Nguyen Kim, news website VnExpress reported on May 15, quoting Zalora Group.
Vietnam reports 48% drop in oil revenue in Jan-April
A recovery in prices in April was not enough to prevent a sharp fall in Vietnam's oil revenues.
Vietnam to monitor waste discharge from Taiwanese firm linked to fish kill
The government of Ha Tinh Province said on May 11 it will quickly set up a monitoring station to check wastewater discharged from a Taiwanese-invested steel plant, suspected to be responsible for the mass fish deaths along the central coast.
ASEAN plans to remove barriers on auto parts trading: report
The Association of Southeast Asian Nations, better known as ASEAN, is planning to eliminate technical trade barriers in the automotive sector in a bid to make it easier and less costly to export components within the region, The Brunei Times reported.
Vietnam tests 2 Philippine beverages for lead
The Vietnam Food Administration has collected samples of two Philippine beverage brands sold by URC Hanoi Company to test for lead after rumors about their alleged poor quality went viral on the Internet recently.
HCM City to host three-cushion carom billiards World Cup
The world’s top five players in three-cushion carom billiards will be among 149 players from 19 countries and territories competing in the World Cup to be held in Ho Chi Minh City from May 16 to 22.
Construction of airport near Sa Pa could start next quarter
A proposal to build a VND5.8 trillion (US$257 million) airport near Sa Pa has been backed by several ministries, and work is set to start in the third quarter once it receives government approval.
French architectural influences linger in Hanoi
The French colonized Vietnam from 1873 to 1954, with Hanoi becoming the capital of French Indochine in 1887. While the old quarter was left intact as a distinctly Vietnamese part of the city, the French reworked much of the rest to create a European-style city.
Vietnam banks seek to exceed foreign ownership cap: report
At least four partly private banks in Vietnam, including Vietcombank and Vietinbank, are reportedly seeking the government's permission to increase their foreign ownership above the stipulated 30% cap.
Thailand’s rice clearance sale poses challenges to Vietnam traders
Thailand’s plan to sell off its rice stockpile within two months has sparked concerns for Vietnamese rice exporters, many of whom have been already hitting bumps.