Southeast Asian taxi hailing app Grab officially launched its GrabCar service in HCM City last week after receiving approval from the Government.

Indonesia has set the target of exporting 100,000 tonnes of rice to 10 Asian and European countries as part of efforts to increase farm commodity exports this year, the country’s Antara News reported on April 3.

Minister of Finance Dinh Tien Dung and his Lao counterpart Lien Thikeo signed a cooperation agreement between the two ministries for the 2016-2020 period in Vientiane on April 3.

Vietnam’s GDP growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.

Vietnam Airlines is poised to find buyers for three new-generation A350s it will receive in 2016-17 and lease them back for use, in a move to cut debts, the Vietnamese national flag carrier said on April 1.

ANZ Research is seeing fewer risks in the USD/VND exchange rate towards the end of 2016 and the green back is likely settling at VND23,000 a dollar in the last month of the year.

 Hanoians’ dream of owning cheaper cars after the tax cuts under the ASEAN Free Trade Agreement (FTA) may be dashed as local authorities are considering applying a quota scheme in an effort to restrict the number of cars in circulation.

A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.

After March 31 certain enterprises will be not permitted to borrow foreign currencies from banks and then exchange it into VND to buy materials, according to Circular No. 24 from the State Bank of Vietnam (SBV).

The state-owned enterprises (SOEs) using foreign loans for production and business fields which bring profits will no longer get a government guarantee for loans.