State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope.

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PetroVietnam quits Hanoi skyscraper project under divestment plan

The state-owned Vietnam Oil and Gas Group (PetroVietnam) said despite “complications” last year, it was business as usual for it in the East Sea.

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PetroVietnam says oil activities normal in East Sea

Australia & New Zealand Banking Group Ltd.

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ANZ to sell Sacombank stake, build own business in Vietnam

Fourteen out of Vietnam’s 18 ministries that run or are otherwise involved with businesses have all been rated above average in a poll of companies done by the Vietnam Chamber of Commerce and Industry.

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14 ministries involved with business rated ‘above average’

Hanoi has urged businesses in the city to pay more than US$190.4 million of tax they still owe this year.

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Hanoi asks businesses to pay over $190 mln in tax dues

Vietnam has a relatively sizeable and efficient banking system but it suffers from underdeveloped institutional and business environments, according to a new report by the World Economic Forum.

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Vietnam has ‘solid’ banking foundation for growth: report

The Transport Ministry has revoked the business license of Indochina Airlines after the first private airline to operate flights in Vietnam showed no activity for the past year.

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Indochina Airlines license revoked

The Australian Chamber of Commerce in Vietnam in Hanoi will co-host a business briefing next week on ways for companies to respond to high inflation in Vietnam.

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Firms get advice on inflation response

Most of Electricity of Vietnam’s investments outside the utility’s main business scope were ineffective, leading to huge losses, a new report said.

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State utility EVN expands inefficiently outside power sector: report

Falling import tariffs on cars will give local automakers a tough time in the next few years, and some may have to quit the business, said Le Duong Quang, deputy minister of trade and industry.

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Vietnam auto companies to face tough race against imports: official