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.
High political determination needed to meet growth target: PM Politics

High political determination needed to meet growth target: PM

The fulfilment of the gross domestic product (GDP) growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12.
Japanese capital moves towards trade sector Business

Japanese capital moves towards trade sector

Japanese investors in Vietnam are likely to shift their capital to the trade and service sectors given the advantages of the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) in 2015-2019 and the ASEAN Trade in Goods Agreement (ATIGA) in 2015-2018.

Foreign retailers challenge domestic manufacturers

Retailers from Thailand, Japan and the Republic of Korea (RoK) are rushing to enter the Vietnamese market, putting pressure on domestic manufacturers, according to an article published on the English language news portal VietNamNet Bridge.

Technology firms struggle to launch new products

Vietnamese technology firms are continuing to make every effort to launch new products into the market, even though made-in-Vietnam products have yet to receive a warm welcome, the English language news website VietNamNet Bridge reported.

City firms prepare for Lunar New Year surge

Despite the economic situation, companies and traditional village-based producers are making all efforts to meet the usual surge in demand during Tet (the Lunar New Year) and improve quality and design, a Ho Chi Minh City official has said.

Vietnamese goods win local consumers’ favour

Vietnamese goods have regained local consumers’ confidence thanks to their good materials, diversified designs and competitive prices.

According to a survey conducted by the TV Plus Company, 58 percent of Vietnamese consumers have been interested in locally-made products since a campaign entitled “Vietnamese people use Vietnamese goods” was launched by the Ministry of Industry and Trade (MoIT) more than one year ago, compared to 23 percent previously.

Exporters see both opportunities, challenges in US market

Trade experts calculate that Vietnam could be faced with a range of opportunities to accelerate trade with the US this year but first the country needs to introduce a number of shrewd and appropriate solutions to negotiate various technical barriers brought in by the US market.