AGS（AGS JOINT STOCK COMPANY）

HCM City (VNA) – Taxi company Uber Vietnam has recently announced that it has cut the fare of its UberX service in HCM City by 15 percent. The price of the service is now 7,000 VND per kilometre. The company attributed the new price policy to a decline in petrol prices. The prices applied at the current time may be changed based on the market, the company said. In another development, Uber has announced many programmes to support their drivers in Hanoi and HCM City. The programmes include a 10-15 percent reduction of maintenance service for Total, a 10-18 percent discount if family members take courses at Apollo and Language…

Hanoi (VNA) – Vietnam Airlines Corp officially set up a new airline based on the restructuring of its subsidiary Vietnam Air Services Co (VASCO), the national carrier said in a press release on March 7. The new airline will be named VASCO and has a minimum charter capital of 300 billion VND (13.43 million USD) and about 10 airplanes. Vietnam Airlines will hold 51 percent of the venture, while the Vietnam Technological and Commercial Joint Stock Banks (Techcombank) will have a 49 percent stake. As soon as the airline is established, Techcombank will make an initial investment of 147 billion VND, while Vietnam Airlines will provide aircraft and other assets…

VietNamNet Bridge – A series of restaurant chains, including Burger King, Golden Gate, Red Sun-ITI and Mesa Group have shut down one or many restaurants recently. In early February, Nguyen Gia Thanh, managing director of Burger King, affirmed that the brand will stay in Vietnam. However, on February 15, a Burger King at No 1B-1B1 on Cong Hoa Street in Tan Binh district, HCM City, was shut down. Thanh said that he decided to close some Burger Kings recently because the retail premises don’t shown business potential, and that the closed restaurants will be replaced by new ones located in more advantageous positions. He went on to say that he…