THE PRIVATE business sector in Vietnam is vital for the economy, however, obstacles and challenges remain, which can only be overcome through the combined efforts of policymakers and business leaders next year.

INDONESIAN firm PT Intra Asia Indonesia on Wednesday signed a memorandum of understanding (MoU) with its counterpart in Vietnam, in connection with its plan to construct a coal port in the southern part of the country with US$1 billion (Bt33.3 billion).