Investing

Decree 10/2020/NĐ-CP covering automobile transportation business was issued in January and came into force from the beginning of April. When the decree was issued, many people were worried that it would be the end for tech-based taxis since the firms were put into a pilot programme. The programme only allowed the firms to operate in some certain areas and for a period of time. Due to the uncertainties, investment was weak. Bui Danh Lien, former president of Hanoi Transport Association said when the Decree 10 came into force, the market for tech-based taxis had been expanded. "Instead of limiting operation in just five cities in the pilot programme, now individuals and organisations across Vietnam can invest and work for tech-based taxi firms and travellers can use app-based taxis everywhere," he said. There will be no confusion about the app-based taxi and a traditional taxi. Firms must choose one model to work on and follow all requirements and regulations for that model. … [Read more...] about Grab invests USD500m into Vietnam’s e-economy

Bangkok (VNA) - Leading melamine maker of Thailand Srithai Superware Plc is pushing up investment in Vietnam, a country with relatively high growth opportunities. Bangkok Post newspaper quoted the firm’s Chairman and President Sanan Angubolkul as saying that it will splash out 450 million baht (13.64 million USD) this year to expand its business in Vietnam.  Of the total, about 300 million baht is to install new machines to increase production capacity of its PET preform and closure products at its two factories in Ho Chi Minh City and Hanoi. The remaining 150 million baht will be used to build a new melamine factory in HCM City and install new machines at this factory. The construction of the new melamine facility is scheduled to start in 1-2 months, with operations commencing in the first quarter of next year. The new factory will serve the demand from Vietnam's domestic market. Upon the completion of the new factory, the company will have four in Vietnam: one is a … [Read more...] about Thai melamine maker ramps up investment in Vietnam

Despite the huge demand for food and beverage packaging for delivery channels, the company foresees sales in the first quarter of about 10 million baht lower than its earlier expectation. But the bottom line is likely to improve as the baht weakens from last year's rate, Sanan said. — VNS … [Read more...] about Thai Srithai Superware to push investment in Viet Nam

The airline, owned by local tour operator Vietravel, has a starting investment of VND700 billion (US$30 million) and will operate for 50 years. It will be headquartered at Phu Bai International Airport in the central province of Thua Thien-Hue, according to Nguoi Lao Dong newspaper. … [Read more...] about PM approves establishment of Vietravel Airlines

CEO Mai Kieu Lien is buying Vinamilk shares to up her stake by 0.03 percentage point to 0.31 per cent. Transactions started on March 24 and will end on April 23. … [Read more...] about Singaporean firm wants to up stake in Vinamilk