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KIDO Corp., one of Vietnam’s top snack producers, has announced a plan to raise its stake in cooking oil company Vocarimex from 24 percent to at least 51 percent this year, local media reported on Tuesday.
The project on expanding Vietnam’s first oil refinery, Dung Quat, is fine-tuning its progress targets and is in the final stages of its land acquisition work.
Thailand’s largest energy company PTT Pcl has postponed plans to build a $20 billion refinery and petrochemical complex in Vietnam, it said on Tuesday, citing political changes in the country and uncertainty in global oil markets.
Early alarm bells have been rung about the potential unbalanced development in supply and demand in the realty market.
Apple may invest $1 billion in Vietnam to build a research and development center, most likely to be located in Hanoi, to serve the entire Asian region.
The HCM City Department of Industry and Trade has launched a programme to help businesses develop brand names and add more value to key products.
The National Oil and Gas Group (PetroVietnam) garnered more than 2.4 billion USD from selling 8.68 million tonnes of crude oil and condensate in the first half of this year, fulfilling 37.15 percent of the yearly target.
A long-awaited draft decree, which for the first time allows Vietnamese residents to gamble in casinos, has just been submitted to the government after seven years of compilation.
The Ministry of Finance is drafting a proposal on corporate income tax applicable for small and medium-sized enterprises (SMEs) in the next five years.
Vietnamese conglomerate Vingroup’s subsidiary has introduced its own greenhouse produce, including baby veggies and other hydroponic greens.
Vietnamese seafood exporters are scrambling to buy raw materials to compete with Chinese businesses to fulfill export contracts.
The Southern Power Corporation of the Electricity of Vietnam (EVN) needs over 62 trillion VND (2.79 billion USD) to carry out nine power transmission projects in the southern region and fulfil its rural electrification targets in 2016-2020.
