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China tests digital currency and policy recommendations for Viet Nam

China this month started testing its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), putting pressure on Vietnam to research cryptocurrency in the context of international integration.

 

Transferring solar projects to foreign investors 'normal': MoIT

The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law.

 

VN enterprises need protection from takeovers: experts

Vietnamese businesses reeling under financial stress due to the COVID-19 pandemic have become vulnerable to foreign takeovers and need the Government's support, according to experts.

 

COVID-19 sends Vietnamese shoppers online

The COVID-19 pandemic is changing the shopping habits of Vietnamese consumers, many of whom are moving online, experts said.

Overseas remittances to Vietnam forecasted to drop by 17% this year

 

Overseas remittances to Vietnam this year have been forecasted to fall by 17% this year due to the Covid-19 pandemic, according to a local economist.

 

Insurers record revenue increase during COVID-19

Insurance companies have been enjoying an increase in sales in the first quarter of this year.

Local fertiliser industry to benefit from EVFTA

Free trade agreements (FTA), including the latest one signed between Viet Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said.

 

Rice growing localities, exporters want export limits scrapped

Officials from many localities in the Cuu Long (Mekong) Delta and rice exporters have urged the Government to resume rice exports without setting limits, saying many firms face difficulties because of this.

 

93% enterprises to benefit from cut in corporate income tax

About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 per cent from July 1 this year, down from the current rate of 20 per cent.

 

VN steel producers hit hard by pandemic

The Vietnam Steel Association (VSA)’s member enterprises suffered a strong reduction in production and business in the first quarter of this year due to the COVID-19 pandemic.

 

HCM City shop owners desperate to sell as tenants’ business hit by pandemic, quit

Lack of business due to the COVID-19 pandemic and continuing pressure from interest on bank loans are forcing many shop owners in HCM City into a sell-off.

 

Thai Srithai Superware to push investment in Viet Nam

Leading melamine maker Thailand's Srithai Superware Plc is pushing its investment in Viet Nam, Vietnam News Agency reported.

Kien Giang, Long An provinces want rice export ban lifted

The Mekong Delta provinces of Kien Giang and Long An have asked the Government to reconsider its temporary ban on rice exports, saying it would discourage farmers from growing the autumn-winter crop this year.

 

Wood product processors need to restructure production due to COVID-19

Local wood processing enterprises need to continue reorganising their production and business activities to deal with difficulties during the novel coronavirus pandemic, according to the Ministry of Agriculture and Rural Development.

 

Challenges compel restructuring in agriculture

Trade conflicts, climate change and epidemics may at first glance appear to be a hindrance to Viet Nam’s agricultural sector.

 

What effect will COVID-19 have on Vietnam's FMCG market?

The COVID-19 epidemic is having an impact on Vietnamese consumer behaviour in the first quarter and will possibly continue in the second quarter.

Vietnam to give fixed prices for more solar power projects

The Ministry of Industry and Trade (MoIT) has had a change of heart on the bidding mechanism for solar power tariffs in Vietnam.

EVFTA brings chances and challenges to local agricultural production

The new trade agreement between Viet Nam and the European Union opens many doors for agriculture, according to experts.

64% of Japanese firms want to expand business in Vietnam: Jetro

About 64 percent of Japanese enterprises plan to continue expansion of their business in Vietnam due to its favourable investment environment.

Vietnam gives scenarios for economic growth amid the impact of coronavirus

The Ministry of Planning and Investment (MPI) has submitted two scenarios for economic growth this year to the Government, as the country faces the impact of coronavirus in China, one Viet Nam’s biggest trade partners.