TPP

Update news TPP

Finance Ministry tells online hotel booking services to pay tax

Agoda, Traveloka, Booking and Expedia have to pay VAT (value added tax) and CIT (corporate income tax), which is 5 percent of total revenue, for profits from doing business in Vietnam, according to the Ministry of Finance (MOF).

Vietnam to launch radar satellites for environmental management

VietNamNet Bridge - In early 2019, Vietnam will launch LOTUSat-1, a satellite with radar technology that will observe the Earth. Three years later, it will launch LOTUSat-2.

Vietnam strives for more green building projects

VietNamNet Bridge - More and more green architecture awards have been given to buildings in Vietnam, a refection of the country's effort to develop construction works friendly to the environment.

Agriculture, not gold or USD, most attractive investment channel

Agriculture was never found on the list of the most attractive investment channels for those who have idle money. But things are changing.

FPT rector cherishes dream of "exporting" Vietnam’s education

Dam Quang Minh is well known in Vietnam for not only being the youngest university rector, but also as the educator who cherishes the dream of exporting Vietnam’s education.

Vietnamese businesses warned about ‘outsourcing trap’

VietNamNet Bridge - More than 70 percent of Vietnam’s total export turnover belongs to foreign-invested enterprises (FIEs), while Vietnamese enterprises still cannot join the global value chain. 

Will traditional drugstores be replaced with modern retail chains?

VietNamNet Bridge - Analysts believe that modern drug retail chains will replace traditional drugstores in the near future, following the trend of modern supermarkets. 

How should Vietnam behave after the US abandons TPP?

VietNamNet Bridge - Anti-globalization and protectionist attitudes are increasing in some countries, but Vietnam still has an open economy. This means big challenges for Vietnam in upcoming days.

Local technology firms have great potential

Analysts say the success stories of Flappy Bird, Politaire and DesignBold show that Vietnam can produce quality intellectual property. But experts say that Vietnam needs to create favorable conditions for talented people to promote their abilities.

How much should Vietnamese spend to raise their children?

VietNamNet Bridge - The well-off are often willing to spend tens of millions of dong for every child, equal to six months of income of many poor people. 

Stock market expected to be strong in 2017

Thanks to the monetary policy maintained by the State Bank (SBV) in 2016, cash flow to the stock market was strong, which helped support the VN Index. Will the same trend occur in 2017?

Coffee chains boom in Vietnam

VietNamNet Bridge - Despite stiff competition and high operation costs due to high rent, more and more coffee chains, both foreign and Vietnamese, have opened recently.

Vietnam trials hi-tech agriculture production zones

VietNamNet Bridge - Vietnam plans to have at least 10 hi-tech agriculture production zones comprising 200 enterprises by 2020. To date, it has attracted 20 enterprises. 

Young professor receives 9 US patents

VietNamNet Bridge - During three years working at University of Colorado at Denver, Prof Vu Ngoc Tam received nine US patents and many prizes at technology conferences.

Mekong Delta urged to store fresh water for 2017 dry season

VietNamNet Bridge - The dry season in 2017 is expected to be less severe than in 2016, but Mekong Delta will still face a lack of fresh water and saline intrusion, scientists say.

Universities lag behind as schools expand training, lower standards

VietNamNet Bridge - In order to increase revenue, universities are expanding their training scale, receiving as many students as possible and lowering requirements on students.

Vietnam urged to focus on FDI quality, not quantity

VietNamNet Bridge - Vietnam has been successfully calling for foreign direct investment (FDI) in the last 10 years, but in order to improve the quality of FDI projects, it needs new policies and technologies.

Vietnamese beer market big enough for all brewers

VietNamNet Bridge - Beer companies have been prospering in Vietnam, a large market with 90 million people and consumption of 3.8 billion liters of beer in 2016.

Hope springs eternal

 The possible end of the TPP may not be as bad for Vietnam’s textile and garment sector as it first appears.

A red cap, American tears and Vietnam's economy

VietNamNet Bridge - The ‘buy American, hire American’ campaign will affect Vietnam’s exports to the US as well as US FDI (foreign direct investment) to Vietnam.