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Foreign experts inspect Vietnam’s conditions for stock market upgrade

The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

Monthly aquatic exports top 1 billion USD again after 2 years

Monthly aquatic exports have exceeded 1 billion USD again in October after more than two years, signaling a rosy future for the industry, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Numerous US businesses set to arrive in HCM City to implement signed agreements

From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

Foxconn to invest 80 million USD in chip manufacturing expansion in Vietnam

Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.

Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.

Business association launched to enhance Vietnam - Belgium economic ties

The Vietnam Business Association in Belgium (VBAB) was officially set up on November 3, marking a milestone in the economic relations between the two countries.

Vietnam proposes fairer two-part electricity pricing from 2025

A new electricity pricing system, balancing capacity and energy use, could take effect in Vietnam from 2025, marking a significant shift in how power costs are structured.

Tax authorities strengthen oversight of cross-border e-commerce

Vietnam's tax authorities are intensifying their oversight of e-commerce platforms, including the recently popular cross-border platform, Temu.

Ministry yet to consider adjusting family tax deduction rate now

The Ministry of Finance has said it is not the right time to adjust the family tax deduction rate, reasoning that the Consumer Price Index has not fluctuated significantly.

EU spends nearly US$3.1 billion purchasing garments and textiles from Vietnam

The EU spent nearly US$3.1 billion on importing garments and textiles from Vietnamese suppliers during the initial nine months of the year, up nearly 10% against the same period last year, according to the General Department of Vietnam Customs.

Vietnamese F&B industry works to catch up with green consumption trend

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.

Vietnam's rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for $505 million in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.

Foreign suppliers pay over 18 trillion VND in taxes via electronic portal

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over 18 trillion VND (711.88 million USD) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).

Vietnamese firms increase competitiveness to cope with foreign rivals

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to enhance their competitiveness in the domestic market.

High real estate credit growth raises concern

There is a concern about risks that can arise as real estate credit has increased sharply in recent years, particularly by the end of September, higher than the general credit growth of the entire economy.

The need for a strong entrepreneurial force in Vietnam’s economic future

Establishing a strong and competitive private sector is essential for Vietnam's economic independence and sustainable development.

Banks stop bancassurance cooperation

While banks are shifting to selling health insurance policies through non-life insurance channel, life insurance companies are no longer interested in bancassurance because business conditions have changed.

Ministry of Construction calls for action against abandoned real estate projects

The issue of abandoned real estate projects persists even as many low-income residents struggle with housing shortages. The Ministry of Construction outlines steps to reclaim dormant projects and expedite progress on delayed developments.

Taxpayers complain about tax refund procedures, call for simplification

Taxpayers have called on taxation bodies to listen to their legitimate needs and deploy an automatic tax refund policy.