The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors.

In an attempt to reaffirm their ambitions of developing Long Thanh International Airport in the southern province of Dong Nai, Hanoi General Export Import JSC (Geleximco) and Hong Kong United Investors Holding (HUI) submitted their proposal to the prime minister for approval.  

An increasing number of new players are entering the Vietnamese beauty market as local consumers are becoming more conscious of beauty treatment and products.

The future of the ill-fated US$256-million Saigon One Tower remains uncertain after Vietnam Asset Management Company recently announced that the project will be seized due to the owners’ accruing significant bad debts.

Amidst the development of renewable energy around the world, Green Innovation Center has started E-Enhance project, aiming to help improve knowledge and apply renewable energy solutions for organisations and individuals in Vietnam. 

The World Bank has officially introduced a $312.5-million loan package as part of the project themed “Vietnam Energy Efficiency for Industrial Enterprises” (VEEIE) to provide Vietnamese textile and garment enterprises capital to modernise equipment to save energy.

Filipino firm Universal Robina Corp saw a sharp drop in its second quarter sales in Vietnam following recalls and a food safety scandal that occurred last year.

Seeing opportunities in Vietnam’s increasing demand for imported coal, Indonesian firm PT Intra Asia Indonesia is seeking the opportunity to build a coal port in southern Vietnam with a total investment capital sum of $1 billion.

The Ministry of Finance is proposing the levy of a special consumption tax of 10-20 per cent on sugary drinks to combat obesity rates, though a similar proposal was rejected by the government three years ago.

Over the past 170 years of development, German conglomerate company Siemens has been continuously improving sustainable energy.