A critical solution to promote businesses’ competitiveness is to improve labour productivity which is still a weakness of Vietnamese enterprises, an official of the Ministry of Finance said at a workshop on June 24. 

Up to 39 standards are scheduled to be laid down for the State Audit of Vietnam (SAV) in July, which will conform with international criteria. 

VOV.VN - The Indonesian Embassy held a meeting in Hanoi on June 23 to introduce Vietnamese businesses to the 31st Trade Expo Indonesia (TEI), which is scheduled to take place in Jakarta on October 12-16.

The General Department of Taxation has requested French Casino Group and Thai Central Group to declare and pay a transfer tax worth VND3.6 trillion (US$161.2 million) on the transfer of Big C Vietnam’s supermarket chain, according to newswire Tuoitre.vn.

Some Korean newspapers Yonhap, the Korea Times and the Korea Herald cited sources as saying that Lotte Group is suspected of creating a slush fund in the process of investing in real estate in Vietnam through a paper company, involving several affiliates.

Honda Malaysia is recalling 147,894 Honda vehicles to replace the front passenger airbag inflator as a proactive measure to ensure customer safety. 

KPMG, one of the Big4 and the leading firm in audit and professional services, announced on June 22 that it will be launching a new service to provide corporations and organisations access to highly trained professionals for short-term secondments.

A representative from the Vietnamese tax watchdog said it was important to clarify the legal basis for taxing Uber and Uber taxi drivers in order to prevent tax avoidance.

VOV.VN - National Citizen Commercial Joint Stock Bank (NCB) announced on June 22 that it has been honoured by the United Kingdom’s Global Banking and Finance Review with two top banking awards.

VOV.VN - Vinamilk has been listed – for the third consecutive year in a row – on the Nikkei Asian Review Top 300 list, which names its selection for the region’s most dynamic companies.

VOV.VN - Sang Ban Mai JSC at My Phuoc 2 Industrial Zone in Binh Duong province has shipped the first batch of electric generators worth more than US$1.2 million to Cambodia, according to the provincial Department of Industry and Trade (DoIT).

VOV.VN - Gasoline prices have fallen slightly as of 3:00 pm on June 20, the first decline this year following five consecutive price hikes.

VOV.VN - The Hotel Novotel Phu Quoc Resort has been honoured with four top awards at the second edition of the Vietnam Property Awards (VPA) held at the InterContinential Asiana Saigon Hotel in Ho Chi Minh City.

The Vietnam Airlines aims to serve 20.1 million passengers for a revenue of more than 3 billion EUR in 2016, said Nguyen Quoc Phuong, Director of the airline’s office in France and Europe during a meeting with its customers in Paris on June 18. 

The Prime Minister has signed a decision to establish a 39-member National Financial and Monetary Policy Consultation Council led by Deputy Prime Minister Vuong Dinh Hue. 

Vietnam should strengthen market-based reforms and invest in education and training in order to take advantage of opportunities arising from the next digitalisation-driven production revolution, experts have said. 

Ten Vietnamese brands have been named in Asia’s Top 1,000, even though most stay in the lower half of the Nielsen ranking. 

The growth of Singapore’s aviation industry in the next 20 years will outpace that of several neighbouring markets including Malaysia, Thailand and Hong Kong (China), according to a new study by the International Air Transport Association (IATA).

VOV.VN - The Vietnam E-Commerce Association (VECOM) has announced they expect a strong turnout to participate in this year’s annual Mobile Commerce Day workshop on June 18 in Ho Chi Minh City. 

VOV.VN - The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) has agreed to add 12 Vietnamese businesses to the list of eligible pangasius fish (Siluriformes) exporters to the US.

Property developers have started constructing coastal projects in the central city in response to the rising prices of coastal property following the stagnant period in 2013-15.

The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure to attract foreign developers as the country integrates, a foreign expert has said.

Vietnam’s coffee exports may fall by 25% this year to 1 million tons, a 20-year low.

China has started applying more stringent regulation to ensure the safety of rice imports from Vietnam, a move some Vietnamese insiders say will benefit, instead of hurting, the rice sector.

VOV.VN - Several domestic steel manufacturers have requested the Vietnam Competition Authority (VCA) to investigate the merits of filing an anti-dumping action against companies from China, Indonesia, Malaysia and Taiwan.

VOV.VN - The home furnishings industry in Vietnam is at a turning point in terms of its global competitiveness, according to speakers at a recent workshop in Ho Chi Minh City.

VOV.VN - The US Department of Commerce (DOC) has issued a preliminary decision on anti-dumping duties on circular welded carbon-quality steel pipes (CWP) imported from Vietnam, the Vietnam Competition Authority (VAC) announced recently.

The law on support to small- and medium-sized enterprises (SMEs), which is being drafted, is set to facilitate the development of the firms making up 97% of the businesses in Vietnam.

Some 5,000 estate agents and more than 300 real estate exchanges will gather at the Vietnam real estate brokerage day in central Danang city on June 25. 

The German carmaker Audi opened its first automobile exhibition in Vietnam on June 9 in Quan Ngua Sports Stadium in Hanoi to introduce its latest models to Vietnamese customers.