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Vietnamese e-commerce services likely to reach US$20.5 billion this year

Vietnam’s e-commerce services have grown considerably at between 16% and 30% annually over the past few years, with market size likely to hit US$20.5 billion this year, according to the Ministry of Industry and Trade (MoIT).

Ministry vows to stop transfer pricing, businesses worry about capitalization

The regulations on fighting transfer pricing and preventing thin capitalization are not expected to have a big impact on foreign-invested enterprises. But it will cause difficulties for Vietnamese-owned enterprises.

Allocating 107,000 tonnes of sugar to 8 importing enterprises

One-hundred and seven thousand tonnes of sugar were assigned to eight traders.

HCM City lures over 3 billion USD in FDI in 11 months

Ho Chi Minh City attracted more than 3 billion USD in foreign direct investment (FDI) in the first 11 months of 2023, down 12.9% year-on-year, the city’s Statistics Office has announced.

Vietnamese, Chinese firms seal 21 deals across sectors

Vietnamese firms and their Chinese peers inked 21 agreements and economic contracts in agro-forestry-fishery import and export, trade, logistics, and high-tech agriculture at a November 30 business networking forum held in Quang Ninh.

Investor of 5.82-trillion-VND Quang Tri airport named

The Quang Tri People's Committee has recently issued a decision approving the selection of the investor for a Public-Private Partnership (PPP) airport construction project worth over 5.82 trillion VND (239.408 million USD).

Vietnam wins world’s best rice title for second time

Vietnam's Ong Cua ST25 rice has won the first prize at the World’s Best Rice 2023 competition, within the framework of the 2023 International World Rice Conference Summit in Cebu, Philippines from November 28-30.

Ministry reports difficulties in next-generation FTA implementation

The Ministry of Industry and Trade (MOIT) has submitted to the government a report about problems related to implementation of next-generation free trade agreements (FTAs).

Vietnam effectively exploiting digital economy strengths

Vietnam is enjoying the fastest growth rate of digital economy in Southeast Asia this year, with its compound annual growth rate (CAGR) in the 2022-2023 period of 19 percent. The leading position will continue in the 2023-2025 time.

Vietnamese export goods face increasing trade defence measures in CPTPP markets

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought competitive advantages to Vietnamese export products, but these goods have also faced the imposition of trade defence measures in CPTPP markets.

Local companies as buyers, a positive sign for M&A market

The emergence of domestic buyers in the mergers and acquisitions market is a positive sign amid the global slump in the M&A market, a forum titled “Thriving Together” heard in HCM City on Tuesday.

Vietnam Grand Sale 2023 to stimulate domestic consumption

Vietnam Grand Sale 2023 will be launched nationwide from December 4, 2023 to January 10, 2024 in an effort to stimulate greater consumer demand and boost production, further contributing to the country’s economic recovery.

Vietnam is now in Europe’s sights for unprecedented energy transition

Vice President of the European Investment Bank (EIB) Kris Peeters brought a portfolio of investment items when visiting Vietnam.

Mekong Delta to develop 1mil. hectares of low-carbon rice production by 2030

The central Government has set a target for the Mekong Delta to establish one million hectares of high-quality, low-carbon rice production by the year 2030 in a decision signed on Monday by Deputy Prime Minister Trần Lưu Quang.

November’s CPI grows 3.45%

The consumer price index (CPI) for November has gone up by 0.25% compared to the previous month and 3.45% to the same period last year, announced the General Statistics Office (GSO) on November 29.

Vietnam's trade surplus at 22.44 billion USD in 11 months

Vietnam enjoyed a trade surplus of 24.44 billion USD as of November 15 this year, according to data released by the General Statistics Office (GSO).

Revised Land Law postponement discourages realtors

Realtors who expected the draft Land Law to be approved on November 29 at the ongoing National Assembly session are disappointed because the vote has been rescheduled.

VNPAY named among Top 40 Best Places to work in Vietnam

VNPAY beat many candidates to become one of the Top 40 Best Places to Work in Vietnam for Large Enterprises in 2023.

New businesses still on the rise in November

As many as 14,267 new businesses with a total registered capital of almost 153.6 trillion VND (6.3 billion USD) were established in November, respectively rising 19.5% and 47% year on year.

Lawmakers endorse global minimum tax rules, starting in 2024

With more than 93% of votes in favour, the National Assembly approved a resolution on applying additional corporate income tax in line with the Global Anti-Base Erosion Rules (global minimum tax), due to take effect as of January 1, 2024.