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An international port worth $6 billion has been proposed for Ho Chi Minh City’s outlying district of Can Gio to meet rising shipment demand. In a statement sent to Prime Minister Pham Minh Chinh on Thursday, HCMC Chairman Phan Van Mai said the city has received a proposal from Terminal …

Vietnam’s gasoline prices dropped by 0.3-1.3 percent Friday, the first drop after seven consecutive upward adjustments since April 12. The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND 30,890 ($1 = VND23,280). The prices …

Vietnam has sought the U.K.’s assistance in improving its banking and finance legal framework and establishing a financial center in HCMC. Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of …