Public debt poses big risk to Vietnam Business

Public debt poses big risk to Vietnam

The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).
Vietnam needs a better Government bond market Business

Vietnam needs a better Government bond market

In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries.
Hanoi city targets 7.4-7.6% economic growth in 2019 Business

Hanoi city targets 7.4-7.6% economic growth in 2019

The Hanoi People’s Committee has set 22 targets for socio-economic development in 2019, focusing on State budget restructuring, improvement of its investment and business environment and promotion of the innovation and startup ecosystem.
Tax collection up 12.3 percent in 2018 Business

Tax collection up 12.3 percent in 2018

The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.
HCM City fights fake goods, trade fraud Business

HCM City fights fake goods, trade fraud

HCM City authorities are seeking more effective measures in the fight against counterfeit products, smuggled goods and trade fraud as e-commerce grows at a fast pace, an official has said.