After the frenzied wave of buying cars to drive for Grab and Uber, many people were shocked to find themselves tens of millions of dongs in tax arrears after selling their cars.

Leaders of the business community claim that reductions in taxes and fees and the removal of irrational business conditions should be among the key measures for the government to keep enterprises afloat.

The Vietnam Beer Alcohol Beverage Association (VBA) has requested the Ministry of Finance (MoF) to withdraw its proposal to apply a special consumption tax (SCT) of 10% or 20% on soft drinks due to a lack of practical considerations and the state budget.

In spite of receiving investments from foreign investors with powerful financial capability and strong brands, numerous coffee chains in Vietnam still either closed or scale down operations.

Japanese shopping mall developer AEON MALL has decided to open a new US$180-million mall in the northern port city of Haiphong to further its ambition of building 20 shopping malls across Vietnam by 2025.

Issues related to commercial operation dates, feed-in-tariffs, and grid connections are addressed in a newly-released circular on solar power, but international organisations and investors said that some key points were not changed.

The Vietnamese economy is facing a major contradiction as it is striving for economic growth but the national budget is very limited. Neutralising this conflict and bringing about a higher growth rate is definitely not an easy question.

In order to join the global value chain (GVC), Vietnam needs to expand production scale as well as improve labour capacity, product quality, and administrative capabilities.

Undeniably, fast fashion brands are enjoying great success in one of the two largest cities in Vietnam. However, while they are toasting success, local retailers are stepping back in the game.

By focusing on localisation through distribution channels and research and development (R&D), Thien Long Group Corporation (Thien Long) has gained significant market share in Myanmar and now targets to expand its business in other foreign markets.