Practical reforms required for better agriculture: Gov't Business

Practical reforms required for better agriculture: Gov't

The Prime Minister, the Government and enterprises want ministries and agencies to carry out practical reforms, particularly those removing unnecessary administrative procedures, to create a better business climate in agriculture, a Government official said.
HCM City seeks cheaper logistics Business

HCM City seeks cheaper logistics

Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.
State Audit completes 96 percent of annual plan Business

State Audit completes 96 percent of annual plan

The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.
Vietnamese sugar mills struggle to compete Business

Vietnamese sugar mills struggle to compete

Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Vietnam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
VAT increase not promote economic growth: report Business

VAT increase not promote economic growth: report

Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.
Fertiliser stocks shoot up due to VAT change Business

Fertiliser stocks shoot up due to VAT change

Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5 percent.
 Experts’ reactions to MoF tax plan mixed Business

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.
More solar panels installed in HCM City Environment

More solar panels installed in HCM City

More than 270 businesses and households in Ho Chi Minh City have installed solar power panels on roofs with a total capacity of about 3,600KWp, according to the HCM City Power Corp under Electricity of Vietnam.