vietnam economy

Update news vietnam economy

Boss Thuy maked impressive comeback, boss Duc gets rich quickly

Some of the big business deals last week: Nguyen Duc Thuy planned a major deal worth VND3 trillion upon his comeback, Doan Nguyen Duc continued to pour money into football, and Le Phuoc Vu made a number of deals.

Vietnam further improves business environment

Vietnam’s stable political environment, rapid economic growth, competitive production cost and a large workforce are key factor ensuring the country’s status as an attractive investment destination.

Big boss leaves, Coteccons corporation loses $2.6 billion

Viet Capital Securities (VCSC) has released a report which says Coteccons, the largest construction company in Vietnam, may lose VND60 trillion, or nearly $2.6 billion in 2021-2025.

Many startups fail in 2020 despite big investments

The departure of a number of startups in 2020 indicate that 'impractical' ideas do not bring success.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 8

Remittances to HCM City merely impacted by COVID-19

Vietnam placed fifth in global trade connectedness in 2019

Vietnam was ranked fifth in terms of global trade connectedness last year, up five places from the previous ranking in 2017, according to a report jointly released by the US’s New York University Stern School of Business and logistics giant DHL.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 7

VND10-trillion anti-flooding project on verge of suspension

Vietnam’s strong industries fully tapped under RCEP

The Regional Comprehensive Economic Partnership (RCEP) is expected to boost regional and global supply chains and the economy of ASEAN members and partners.

Vietnamese economy remains resilient despite COVID-19 challenges

The Vietnamese economy has remained extremely resilient throughout the year despite the adverse impact of the novel coronavirus (COVID-19) pandemic, with import-export activities witnessing a gradual bounce back, according to insiders.

The launch pad towards the world’s market

Billion-dollar contracts inked during the recent visits of the Japanese Prime Minister and the U.S. Secretary of State indicate the apparent trend of supply chain restructuring.

 

The many risks energy service companies may encounter

Energy service companies (ESCOs) are facing numerous risks since the regulatory framework for their sector is both incomplete and patchy, according to industry insiders.

Unclear provisions in new tax-related Decree

Vietnamese citizens and commercial banks alike have expressed uncertainty over the new Decree 126 on Tax Administration that requires banks to provide customers’ information as well as deduct tax payables on behalf of the tax department.

Anti-transfer pricing measures also applicable to domestic enterprises

Tax management performed on enterprises which conduct affiliated transactions will rely upon the principle of fairness, transparency and no discrimination against neither domestic nor foreign enterprises, said a top taxman.

'Big bosses' give more power to family successors

Le Viet Hai, Do Quang Hien and Dang Van Thanh, known as ‘big bosses’, are giving more power to their sons and daughters.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 6

Mekong Delta sees signs of tourism revival

Vietnam PMI disrupted by storms and flooding

The Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signalling broadly unchanged business conditions during the month.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 5

Int’l sourcing expo Vietnam slated for December 18-22 targeting Australia

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 4

Khanh Hoa province introduces measures to recover tourism

Forestry sector reports unprecedented export turnover of $13 billion

Despite Covid-19, the forestry obtained total export turnover of $13 billion worth of timber and wooden exports this year.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 3

Da Nang tourism ready to boom by year’s end