vietnam business news

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Shared database needed to fight tax loss in e-commerce in Vietnam

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

 

Thai investors beam capital into solar power projects in Vietnam

Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals.

 

Vietnamese SMEs shown how to enter global supply chains

Vietnam is among the top countries attracting FDI in the Asia-Pacific region, but the rate of domestic SMEs participating in the value chains of foreign-invested companies is rather low.

BUSINESS NEWS 5/6

Touting AI as retail banking’s future

 

State Bank of Vietnam gains top ranking in PAR

Deputy Governor of the State Bank of Viet Nam, Dao Minh Tu, speaks to the media on the Public Administration Reform Index.

National Assembly members asked government to rein in CPI

An upcoming rise in the price of a series of services has prompted many National Assembly members to require the government to come up with solutions to control the CPI which may increase strongly this year.

Vietnam imposes temporary anti-dumping duties on Chinese products

The Ministry of Industry and Trade (MoIT) has announced temporary anti-dumping duties on aluminum products originating from 17 Chinese producers.

 

BUSINESS NEWS 4/6

Fresh FDI approvals at record high in Jan-May

 

Transport Ministry reports lots of major traffic projects behind schedule

According to the Ministry of Transport seven out of 10 major traffic projects under construction are behind schedule or under the risk of lagging behind schedule.

Slowing realty growth in Vietnam due to dependence on credit: experts

The local real estate market has shown signs of deceleration so far this year, partly because of limited bank credit for the market, according to experts.

 

World Bank reports improvements in Vietnam’s business reforms

Experts from the World Bank have observed several major improvements in the ease of doing business in Vietnam, the Ministry of Planning and Investment (MPI) has said.

 

Decree set to benefit 300 goods from CPTPP tariff cuts

Some 300 goods are expected to enjoy preferential tariffs under a pending decree detailing tariff cuts under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

 

VN industrial land catering to demand

Foreign capital is pouring into Vietnam's industrial real estate market through M&A activities, with the CPTPP to have a significant impact on this investment trend.

Vietnam records its first major trade deficit of 2019

Vietnam recorded a trade deficit of US$1.3 billion in May, resulting in a total deficit of $548 million for the first five months of the year, according to General Statistics Office (GSO)s monthly report.

 

BUSINESS NEWS 3/6

Tech expanding reach of insurance

 

The trade war rages on

The Sino-American trade war is escalating in unpredictable ways. Contrary to some analyses, its impacts on Vietnam are arguably beneficial. A vulnerable economy such as Vietnam’s is unlikely to benefit from this global war.

 

Major firms to inform authority of M&A deals

Many large breweries may be required to report all of their M&A deals to the management agency.

 

ODA projects employ foreign consultants at high costs

Official development assistance (ODA)-funded projects have been found to employ foreign consulting firms at high costs, noted a report from the State Audit of Vietnam (SAV).

 

VN State Bank not pursuing unhealthy competitive advantage in trade

The State Bank of Vietnam (SBV) said in a recent statement that it is not pursuing an unhealthy competitive advantage in international trade after the U.S. Treasury Department raised concerns over the Vietnam's currency practices this week.

 

Non-voting shares could lure more foreign capital to Vietnamese firms

The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power.