U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.
The banking sector will enjoy another strong year in 2018, experts told a seminar in Ho Chi Minh City this week.
Low income earners will not be affected by a proposed property tax, which would only apply to those who own property worth VND700 million (US$30,700) or more, authorities said.
More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises.
Samsung Electronics Vietnam marked its 10th anniversary at a ceremony held in the northern province of Bac Ninh on April 20.
The Ministry of Agriculture and Rural Development (MARD) has asked South Central and Central Highlands provinces to strive to produce at least 2.5 million tonnes of rice in this year’s upcoming crops.
The Ministry of Agriculture and Rural Development (MARD) held a conference on April 18 to discuss measures to promote the sale of lychees and longans, both on the domestic market and abroad, in the upcoming months.
Despite its large reserves, Vietnam has to import a huge volume of coal in the 2016-2020 period, which began in 2017 and will see a sharp increase from 2020 to supply thermal power plants, according to a plan from the Vietnam National Coal and Mineral Industries Corporation (Vinacomin).
Institutions and legal regulations for special administrative-economic zones in Quang Ninh, Khanh Hoa and Kien Giang provinces must be different from other cities and provinces to attract investments, Prime Minister Nguyen Xuan Phuc has said.
The International Monetary Fund (IMF) has recently forecast Vietnam’s economy to grow at 6.6% this year and 6.5% the following year in a report “World Economic Outlook, April 2018”.
A Vietnam – Iran business dialogue took place in Hanoi on April 17 to discuss business opportunities between the two countries.
The national flag carrier Vietnam Airlines has received the 12th out of total 14 Airbus A350-900 aircraft that it ordered earlier.
High logistics costs have become a major barrier for businesses and reduced the competitiveness of the national economy, Prime Minister Nguyen Xuan Phuc said at a national conference in Hanoi on April 16 to seek ways to reduce logistic expenses and improve transport connectivity.
Vietnam spends more than VND52 billion importing pesticides every day, with more than 50% of that money going to China, according to the latest statistics from the General Department of Vietnam Customs.
Vietnam’s Ministry of Finance is mulling over a piece of draft law that would require individuals to pay tax for their personal assets including immovable property and automobiles.
More and more farmers in Vietnam are discovering the benefits of working with cooperatives and export companies and using clean farming methods to ensure high-quality produce.
There are numerous optimal factors for foreign businesses, including Italian ones, to do business in Vietnam, said Stefano Balsamo, founder of the Diplomatia association and Vice Chairman of J.P. Morgan in Italy.
Viet Nam is set to continue its strong economic performance, with GDP growth forecast to rise to 7.1% this year, before easing back to 6.8% in 2019, the Asian Development Bank (ADB) said in a new flagship report launched on Wednesday.
Growth in developing East Asia and Pacific (EAP) is expected to remain strong and reach 6.3 percent in 2018, according to the latest World Bank economic report on the region.
Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.