ADB affirms economic growth potential of Vietnam Business

ADB affirms economic growth potential of Vietnam

The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.
Free trade agreements increase tax collection Business

Free trade agreements increase tax collection

The signing and implementation of free trade agreements has increased Vietnam's tax collection this year, said Luu Manh Tuong, director of Import-Export Tax Department under Vietnam Customs.
State revenue unlikely to fall despite numerous FTAs Business

State revenue unlikely to fall despite numerous FTAs

Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.
Fintech firms concerned about foreign ownership cap Business

Fintech firms concerned about foreign ownership cap

A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
Exporters urged to properly prepare for CPTPP Business

Exporters urged to properly prepare for CPTPP

Whether Vietnamese enterprises can cash on the opportunity brought by the CPTPP to increase exports of garments, footwear, timber products, and beverages depends on their preparation, experts said.
PM hails strong growth of Vietnam-RoK ties Business

PM hails strong growth of Vietnam-RoK ties

Joint efforts of Vietnam and the Republic of Korea (RoK) in dealing with difficulties to promote the bilateral comprehensive cooperation have resulted in miracles in partnership between the two countries, stated Prime Minister Nguyen Xuan Phuc.
Vietnamese economy forecast to grow 7 percent during 2021-2025 Business

Vietnamese economy forecast to grow 7 percent during 2021-2025

Vietnam’s gross domestic product (GDP) is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF).