PVX is the EPC contractor of Thai Binh 2 Thermal Power project, one of the key national projects that are running behind schedule. Many former leaders of PVX such as former chairman Trinh Xuan Thanh and former general director Vu Duc Thuan were imprisoned for wrongdoings at this project. PVX is still the general contractor on paper. However, chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam) said that the group is directly taking part in, directing, and operating all issues. … [Read more...] about BUSINESS NEWS HEADLINES TODAY
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Support industries to get 2020 boost
“According to the MOIT’s planning, the output of nine-seat (or fewer) vehicles by 2020 will be 415,000 units, and the localization rate was set to reach 50 percent by 2030, as required by the government. This is a very big opportunity for the An Phat Holdings Group and Hanoi Plastics Joint Stock Company. We have established a company specializing in manufacturing molds to process electronic products and also a large processing center. These are expected to develop with support from the government,” Bui Thanh Nam said. … [Read more...] about Support industries to get 2020 boost
Businesses seek govn’t intervention as epidemic threatens more pain
The sector accounts for 26 percent of Vietnamese airlines’ international services. The epidemic has resulted in 640 flights a week between the two countries being canceled, or a loss of 400,000 passengers a month, according to the Civil Aviation Authority of Vietnam. … [Read more...] about Businesses seek govn’t intervention as epidemic threatens more pain
Vietnam to start collecting traffic fines online
Ngo Hai Phan, head of the Administrative Procedure Control Agency (APCA) under the Government Office, said at a meeting in Hanoi last October that on-the-spot and offline payment procedures were not only time-consuming and strenuous, they also allowed corruption and "negative experiences." … [Read more...] about Vietnam to start collecting traffic fines online
Vietnamese boxer Hoang knocks out Wongda to retain WBA Asia title
Boxer Truong Dinh Hoang poses with his belt after defending his World Boxing Association (WBA) Asia’s super middleweight title on Saturday in the Philippines. Photo 24h.com.vn By doing so he became the first boxer to retain both the WBA West Asia and Asia East belts at the same time. … [Read more...] about Vietnamese boxer Hoang knocks out Wongda to retain WBA Asia title
