The establishment of a new power company, Vincomin Power, would foster competition in the energy sector and benefit consumers, a senior official has said.

Malaysia’s leading retailer group Parkson Corporation said its business in Vietnam has recorded the highest growth among markets worldwide where it is present, so it plans to further expand its investment in the country.

Vietnam's fourth-quarter growth exceeded market expectations and the country's full-year expansion was "far more resilient" than the rest of Asia with the exception of China, Citigroup Inc. said.

Vietnam is a lucrative car market and a lot of foreign automobile manufacturers are bringing their products to sell in Vietnam, providing fierce competition with domestic products.

The doors are set to be open wider for a wave of French investors to Vietnam. French Prime Minister Francois Fillon last week paid a two-day visit to Vietnam to strengthen relations with 40 top French firms present to capitalise on new business opportunities.