Vietnam National Oil and Gas Group (PVN) has proposed to cut fuel tax rate to reduce losses due to decreasing world fuel prices.

The real estate market has become attractive to foreign companies and investment funds, which is evident in some major merger & acquisition (M&A) and cooperation deals struck this year between foreign and local firms.

As the competition in the market has become ‘scorching hot’ in the last three years, many home appliance distributors have decided to join hands with foreigners to receive support from powerful partners.

The strong message the economists – the authors of the Vietnam 2035 Report – want to convey is that Vietnam needs to carry out reform, or it will lag behind, according to Pham Chi Lan, a renowned economist, a member of the report preparation team.

Only foreign-invested automobile manufacturers can benefit from the current investment incentives, while Vietnamese automobile cannot grow, experts say.

Vietnamese businesses are considering growing rice in Cambodia for export to the EU, since the country enjoys preferential policy in exporting farm produce to the market.