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Vietnam: HCM City’s tax authority suspends enforcement decision against Sabeco

HANOI — The Tax Department of HCM City has decided to suspend its decision to collect VND3.14 trillion (US$134.8 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for the company’s special sales tax violations. The suspension was made following the Government Office’s official letter, dated January 2, in which Prime Minister Nguyen Xuan Phuc requested the […]

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Vietnam: Inflation expected to be below 4 per cent this year

HANOI — Vietnam can keep inflation below 4 per cent in 2019 despite an unpredictable world economy, according to experts. The economists were speaking at a seminar on market developments and prices held in Hanoi on Thursday. The workshop aimed to analyse the market in 2018 to provide a scientific basis for forecasting and proposing inflation control solutions, […]

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Vietnam: Grab’s acquisition of Uber scrutinised

HANOI — The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Vietnam. Investigations will look at Grab Limited Company and Uber Vietnam, both based in HCM City. Six other companies which were suspected of being involved […]

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Vietnamese ride-hailing FastGo launched in Myanmar

FastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]

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