Vietnam has considered adding regulations of household business to the revised Law on Enterprises that is set to be submitted to the National Assembly for approval in October.

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

Ho Chi Minh City is seeking to speed up spending on public projects after many districts reported slow rates so far this year.

Traditional taxi companies have demanded that app-based taxis with less than nine seats should be treated the same as them to “ensure fairness, transparency and the same responsibilities towards customers.”

The Ministry of Industry and Trade will propose to build a credit package of 100 trillion VND (4.4 billion USD) for developing the support industry for industrial sectors, especially automobile production.

Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.

The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) wants to offload 35.3 million treasury shares for at least 32,650 VND (1.40 USD) per share.

With its series of recent free trade agreements, Vietnam is becoming very attractive to foreign businesses, especially in the textile and garment sector.

The Ma Coong ethnic minority group’s drum beating festival and traditional boat racing on Kien Giang River in the central province of Quang Binh have been officially recognised as national intangible cultural heritages by the Ministry of Culture, Sports and Tourism.

MoneyGram, a global provider money transfer and payment services, and HDBank on August 28 signed an agreement to provide home remittance delivery services in Vietnam.