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Economy

Thousand billions in lost tax from foreign enterprises

Monday, 18 December 2017 08:58

Thousand billions in lost tax from foreign enterprises Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.
 

Exports of garment and textile hit US$31 billion

Monday, 18 December 2017 08:57

Exports of garment and textile hit US$31 billion Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2%, and the outlook is bright for next year too, the Vietnam Textile and Apparel Association (VITAS) has said.
 
 

Strengthening linkages between FDI and domestic enterprises to support industry development

Monday, 18 December 2017 08:56

Strengthening linkages between FDI and domestic enterprises to support industry development The processing and manufacturing industry is always the most attractive foreign direct investment (FDI) segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.
 
 

E-commerce websites have to be registered

Saturday, 16 December 2017 11:31

E-commerce websites have to be registered A website considered an e-commerce website and must be registered or notified to the Ministry of Industry and Trade (MoIT).
 
 

Tour guides join associations so they can keep their jobs

Saturday, 16 December 2017 11:30

Tour guides join associations so they can keep their jobs Thousands of freelancers are hurrying to join tourism and tour guide associations as the membership will give them opportunities to practice as legal tour guides.
 
 

Central Bank seeking comments on amendment to gold management decree

Saturday, 16 December 2017 11:29

Central Bank seeking comments on amendment to gold management decree The State Bank of Vietnam (SBV) is collecting comments on a draft amendment to Decree No. 24 from 2012 on gold trading management, with the proposed elimination of business conditions for producing gold jewelry and fine arts being the prominent feature.
 
 

Market volatile despite recovery

Friday, 15 December 2017 11:33

Market volatile despite recovery Financial stocks’ strong recovery lifted both local exchanges on December 14, but the market’s short-term prospects remained gloomy following the outflow of money.
 
 

E5 RON92 bio-fuel officially sold nationwide

Friday, 15 December 2017 11:30

E5 RON92 bio-fuel officially sold nationwide The Vietnam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on December 15 officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol, 15 days before a Government deadline.
 
 

Food industry attracting Japanese interest

Friday, 15 December 2017 11:29

Food industry attracting Japanese interest Vietnam’s food industry will attract increasing numbers of Japanese enterprises in the years to come, Mr. Kitagawa Hironobu, Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi, told the Vietnam Food Industry Development Conference on December 12.
 
 

YouTubers to be affected as Youtube advert rules tightened

Friday, 15 December 2017 11:25

YouTubers to be affected as Youtube advert rules tightened With the new ad policy, the You-Tubers who make inappropriate content, especially child-related content, will no longer be able to earn money from their videos.
 
 

Mechanical engineering enterprises do outsourcing to survive

Thursday, 14 December 2017 11:46

Mechanical engineering enterprises do outsourcing to survive Unable to compete with foreign manufacturers in the home market, Vietnamese mechanical engineering enterprises have to do outsourcing to survive.    
 
 

PM approves Vinacomin restructuring

Thursday, 14 December 2017 11:45

PM approves Vinacomin restructuring Prime Minister Nguyen Xuan Phuc has approved a project to reshuffle the Vietnam National Coal and Mineral Industries Group (Vinacomin) in 2017-2020, aiming to make the firm a strong economic group with high technology and a highly professional governance model.
 
 

Transportation via coastal shipping route surges 154 percent

Thursday, 14 December 2017 11:42

Transportation via coastal shipping route surges 154 percent Shipping volume through the coastal route Quang Ninh-Quang Binh-Binh Thuan-Kien Giang in the first ten months of the year increased 154 percent to 21 million tonnes of cargo compared to the same period last year.
 
 

Only 3.3% of ships nationwide transport containerized cargo

Thursday, 14 December 2017 11:35

Only 3.3% of ships nationwide transport containerized cargo Vietnam has more than 1,600 ships, but a mere 3.3% of them are container ships, according to a report of the Vietnam Maritime Administration at a meeting on raising the market share of sea transport on December 11.
 
 

ADB: Growth at 6.7% in 2017 & 2018

Thursday, 14 December 2017 11:23

ADB: Growth at 6.7% in 2017 & 2018 Vietnam’s growth prospects have been revised upwards to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively, in a supplement to the Asia Development Bank’s Asian Development Outlook Update 2017 report, released on December 13.
 
 

Vietnam listed among top six most-attractive retail markets

Thursday, 14 December 2017 11:22

Vietnam listed among top six most-attractive retail markets Vietnam has been ranked sixth among the world`s most attractive retail markets and named in the top 30 most lucrative retail markets this year, said Hoang Anh Tuan, deputy head of the Ministry of Industry and Trade (MoIT)`s Domestic Market Department.
 
 

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