business news

Update news business news

Vietnam tax authorities address Coca-Cola’s $30 million tax loss reduction case

After a tax audit, Coca-Cola Vietnam was ordered to cut $30 million in reported losses due to transfer pricing concerns. The case is still unresolved in court.

Coffee king invests $80mil. in Southeast Asia’s largest Net Zero coffee factory

Dang Le Nguyen Vu, founder of Trung Nguyen Legend, is investing over $80 million to build a cutting-edge coffee processing plant in Vietnam, meeting Net Zero standards.

Auto giants shift back to internal combustion engines as EV sales struggle

Major car manufacturers are reversing their all-electric strategies, reinvesting in internal combustion engines to maintain profitability and meet consumer demand.

National Assembly Standing Committee approves 30% land rent reduction

The Vietnamese government has approved a 30% land rent reduction for 2024, benefiting nearly 30,000 businesses and individuals. The measure, estimated to cost $158 million, aims to support economic recovery amid ongoing challenges.

New regulations ensure higher standards for exported food

The new regulations aim to enhance the quality and reputation of Vietnamese food products in international markets, as well as ensure a transparent and efficient process for food exporters to comply with regulatory requirements.

Four airlines owe ACV over $220 million

The Ministry of Finance’s Inspectorate points out several shortcomings in financial management, accounting and tax obligations at the Airports Corporation of Việt Nam (ACV) for 2023.

Banks promote dividend payments in shares to raise charter capital

Banks with top profits are planning to pay high dividends.

Vietnam’s coffee exports aim for 6 billion USD milestone

The Vietnamese coffee industry made a distinct impression in the first two months of this year, with export turnover rising by 26.2% year-on-year to 1.58 billion USD while volume falling by 28.4% to 284,000 tonnes.

Railway connectivity to enhance China-VN economic, trade collaboration

The early connection of railway lines between China and Vietnam will contribute more to promoting economic-trade cooperation and humanistic exchanges between the two countries, according to a Chinese official.

Vietnam-China bilateral trade reaches 31 billion USD in first two months

Import and export activities between Vietnam and China were moderate in the first two months of the year, with a value exceeding 31 billion USD, data from the National Statistics Office showed.

Digital transformation, AI remain driving recruitment trends

Demand for professionals in technology, AI, and digital skills is no longer limited to the IT sector but is expanding into retail, finance, and manufacturing.

Concerns emerge over online sales tax implementation

The regulation on tax management for business activities conducted via e-commerce and digital platforms is set to take effect on April 1.

VN’s billion-dollar private sector: Growth, challenges, and global ambitions

Despite economic expansion, Vietnam’s private businesses remain small globally. What challenges do they face?

First-time homebuyers in VN get a break with new low-interest mortgage plans

In response to government initiatives, banks are launching long-term mortgage solutions with rates starting at just 3.6%, enabling young people to own homes with minimal financial stress.

Vietnam considers extending VAT reduction through late 2025 and 2026

Prime Minister Pham Minh Chinh has directed the Ministry of Finance to assess extending VAT reductions through 2026.

Pi Network token plunges, community retaliates against Bybit exchange

Pi Network's token dropped to $1.23 before rebounding, while its community attacked Bybit after CEO Ben Zhou’s criticism.

Vietnam debates gradual tobacco tax hike to prevent illicit trade surge

Vietnam considers raising tobacco taxes every two years to avoid economic disruptions while promoting public health and increasing state revenue.

Vietnam accelerates digital asset regulation: New framework expected by March 13

The Ministry of Finance is finalizing a pilot resolution to govern virtual and crypto assets in Vietnam, expected by mid-March.

Vietnamese farmers cash in on soft-shell crab farming innovation

Mô hình nuôi cua biển trong hộp nhựa ở Hà Tĩnh mang về thu nhập cao, thu hồi vốn nhanh. Mỗi năm hợp tác xã thu lợi nhuận 1 tỷ đồng.

Vietnamese banks to offer high dividends in 2025

Several banks are planning to distribute high dividends, reflecting their strong financial performance and signaling confidence in the country’s economic outlook.