business news

Update news business news

Deputies looking to unlock realty market with new land use initiative

Lawmakers are set to discuss at the hall a draft resolution on piloting commercial housing project through land use rights transfer agreements at the ongoing 15th National Assembly’s eighth session on November 21.

Vietnam-UK Institute plans for an international university

The Vietnam-UK Institute for Research and Executive Education (VNUK)  under the Da Nang University will be turned into an international university – a key base of the Da Nang University – in the 2030-50 Master Plan.

Chu Lai Port starts new direct shipping route to US

Following the launch of direct services to major ports in India in August this year, Chu Lai Port has expanded its international network with a direct route to the US.

VAT tax reduction should continue until mid-2025: MoF

The Ministry of Finance (MoF) has proposed Việt Nam’s value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.

VN must diversify its textile export markets

Vietnam must diversify its textile and garment export markets, especially its heavy reliance on the US market.

Foreign Investors set record in sell-off on HoSE

Since the beginning of 2024, foreign investors have net sold over VNĐ85 trillion (over US$3.3 billion) on the southern bourse.

Vietnam aims to increase rice market share in Africa

The export of this grain to Africa rose to US$692.6 million in 2021 from $411 million in 2017. Rice typically accounts for 15-20 per cent of Việt Nam’s total exports to Africa.

Fake news drives off real news, harming businesses

Fake news and false rumors have become rampant on social networks, causing many businesses to lose trillions of dong in capitalization value.

Vietnam collects over VND 6.2 trillion in taxes from 110 foreign suppliers

Vietnam’s e-Tax Portal for foreign suppliers has proven its effectiveness, enabling 110 international entities to declare and pay over VND 6.234 trillion ($260 million) in taxes this year.

KBC’s billion-dollar deal with Trump Organization triggers strategic moves

KBC’s $1.5 billion collaboration with the Trump Organization marks a pivotal moment, spurring strategic changes in Dang Thanh Tam’s business empire.

Auditors for Quoc Cuong Gia Lai’s financial reports suspended

The State Securities Commission has suspended auditors who signed off on Quoc Cuong Gia Lai’s 2023 financial report, citing violations of audit standards.

Trade growth between VN and Americas promoted by FTAs

According to the Ministry of Industry and Trade, in the first ten months of 2024, Vietnam’s trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.

Hanoi to spend US$1.5 million supporting gardens, farms affected by Typhoon Yagi

These areas were affected by the typhoon and subsequent floods but have not been included in previous relief plans by the Government and the city authorities.

Banks await green taxonomy to accelerate green credit

Green taxonomy, a framework for defining what can be considered environmentally sustainable, becomes critical as a base for banks to accelerate the provision of green credit, heard a conference on Tuesday.

Foreign investor to divest from Vinasun

Liquidity remains poor with only a few thousand shares traded per session, limiting the fund’s ability to offload shares effectively.

Vietnamese enterprises grapple with challenges in Q3

The business results of Vietnamese enterprises in the first nine months of 2024 highlights a stark divide.

Vietnam-UK trade grows 22% in 10 months

Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.

Garment industry targets 47-48 billion USD in export turnover next year

Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.