Business

Logistics firms must keep their edge

Logistics services businesses need to have well-trained human resources and modern information technology systems to increase the competitiveness of the local industry, experts have said.

According to the World Bank, Vietnam has a positive outlook for performance in the logistics industry. Domestic logistic businesses want to gain market share, which currently accounts for only 5 percent of the country's market.
Business

Poor logistics industry retards economy

Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say.
Doing Business: Vietnam cuts taxes, facilitates int’l trade Business

Doing Business: Vietnam cuts taxes, facilitates int’l trade

Vietnam cut business taxes in 2008-2009, joining many other economies in East Asia and the Pacific in strengthening business regulations to help increase opportunities for local firms, according to a report.

Vietnam cut the corporate income tax rate from 28 percent to 25 percent and eliminated the surtax on income from the transfer of land, according to Doing Business 2010, the seventh in a series of annual reports by the World Bank (WB) and the International Financial Corporation (IFC).