Trade - Service

Because of the busy schedule, people have a tendency to shop less often for fast-moving consumer goods (FMCG), resulting in fewer shopping occasions for categories and brands to be picked up off the shelf, according to Kantar Worldpanel.

With Thaibev being a major shareholder of Saigon Beer Alcohol Beverage Corp (Sabeco), Vietnam`s largest domestic brewer considers 2018 to be a turning point for its next development phase, said the company.

Minister of Industry and Trade Tran Tuan Anh said that his ministry has made some proposals as cushion for Vietnam against the US-China trade war.

"FIEs` contribution to the state budget remains low, which is disproportionate to the used amount of resources, as enterprises are abusing high tax incentives for transfer pricing," said a representative of the Ministry of Finance (MoF).

Vietnam tourism activities have recently grown significantly and attracted an increasing number of foreign tourists.

As of July, there were some 124 million phone subscribers in Vietnam, informed the Ministry of Information and Communications (MIC).

The establishment of the Vietnamese Business Club in South Korea (VBCK) aims to creating an environment of cooperation and information exchange among firms, boosting their collaboration with associations, public agencies and organizations in South Korea, Vietnam and other countries.

Vietnam is on track to reach the target for forestry products exports of US$9 billion this year, according to the Ministry of Agricultural and Rural Development (MARD).

Though opportunities for M&A deals in Vietnam`s life insurance market are not plenty, foreign investors have still pursued this approach as it is the fastest way for them to join the potential market.

The government is expected to intervene in the forex market to prevent a slump in the Vietnamese dong (VND)`s value, due to its potential negative impacts on the local economy.

Over the last two weeks, the Chinese yuan (CNY) has lost 3% against the US dollar, and is expected to continue depreciating in the context of growing trade tensions between the US and China.

Vietnam authority has reviewed the US$91.2 million deal between local paper firm Saigon Paper and Japan’s Sojitz.

A new terminal in the Cam Ranh International Airport is designed to shape like a swallow’s nest – a specialty and symbol of Khanh Hoa province in central Vietnam.

Vietnam`s agro - forestry - fishery export turnover in June came at US$3.45 billion, taking the total export turnover in the first six months to US$19.4 billion, up 12% year on year, according to the Ministry of Agricultural & Rural Development (MARD).

After the Ministry of Transport (MoT) rejected the expansion plan of Grab Vietnam, the ride-hailing firm released a statement stating its application GrabTaxi is licensed to operate nationwide in conformity with the regulation on e-commerce.

Vietnam and the EU have concluded discussions on the Investment Protection Agreement (IPA), according to an announcement released on the website of the European Council (EC).

Vietnam and the European Union (EU) have finished the legal review process for their free trade agreement (FTA).

Vietnamese conglomerate FLC Group has reached an agreement with Boeing to purchase 20 Boeing 787-9 Dreamliners for its Bamboo Airways in a contract worth US$5.6 billion at current list prices, according to the group.

Vietnam`s traditional taxi firms are considering merging with each other to compete with Grab.

Vietnam`s total import-export turnover reached US$18.98 billion in the first half of June, down 12.7% or US$2.76 billion month-on-month, according to the General Department of Vietnam Customs (GDVC).