The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 per cent from the current 30 per cent, according to a prime minister’s decree signed last week.
State management bodies need to consider the market in terms of the development of new technologies and business methods, rather than using administrative procedures to intervene in the operation of auto transport businesses, said Director of the Central Institute for...
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
The Ministry of Transport has proposed revoking regulations that require transport businesses to have a minimum number of vehicles according to the type of transport service they have registered to provide.
Transport businesses must adjust transport fees in accordance with
changes in fuel prices otherwise, they may have their business license
withdrawn, according to a Ministry of Finance document released
yesterday.