Southeast Asia, especially Vietnam, can expect to see more supply chains coming its way if it improves production technology and capacity, as well as regional cooperation, HSBC officials have said.
Minister of Finance Dinh Tien Dung and Minister of Planning and Investment Nguyen Chi Dung pointed out difficulties and shortcomings facing the economy in their reports presented at the 14th National Assembly’s seventh session in Hanoi on May 31.
Vietnam’s customs sector will help businesses carry out procedures while implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Deputy General Director of the General Department of Vietnam Customs Nguyen Duong Thai.
Tax invasion and tax fraud are becoming more complicated at wider scope and larger scale and increasingly sophisticated, according to the leaders of the State Audit of Vietnam.
Any transactions with Chinese businesses should be conducted via contracts in line with international trade practice, heard a conference in the Mekong Delta province of An Giang on May 8.
Almost all Vietnamese businesses are small and medium-sized, contributing greatly to the economy. Therefore, stimulating these businesses has played an important role in economic development.
Deputy Prime Minister and Foreign Minister Pham Binh Minh has had a meeting with Nathaniel F. McGill, Chief of Staff in the office of the Liberian President, when he attended the second Belt and Road Forum for International Cooperation in Beijing between April 25 and 27.
Vietnam could meet its long-term energy demands by adding renewable energy sources and cutting-edge battery storage technologies to its arsenal of solutions, experts said at a two-day international conference on renewable energy that ended on April 4 in HCM City.
Vietnam’s potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.
The Ministry of Finance estimated that the reduction and exemption of the corporate income tax may lead to a decline of some 9.2 trillion VND (395.29 million USD) in the State budget revenue annually.
A forum to promote investment, trade and tourism between Cambodia, Laos, and Vietnam was held in Kratie province, Cambodia on March 9 as part of the 12th meeting of the Joint Coordination Committee on the CLV Development Triangle Area (JCC CLV DTA 12).
Cambodia appreciates the involvement of Vietnamese investors in boosting the country’s economic development, its Deputy Prime Minister Yim Chhayly stated when attending a conference to review rubber tree planting of several Vietnamese companies held in Phnom Penh from February 28 to March 1.
Preferential policies should be applied selectively, targeting FDI businesses with effective operation rather than the scale of investment, Deputy Prime Minister Vuong Dinh Hue said at a working session with the Ministry of Finance in Hanoi on February 28.
Vietnamese companies must know how to take advantage of and mitigate the adverse impacts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a seminar heard on February 27.
The Indonesian government has invited American investors to invest in the digital economy and the development of "10 New Balis", a plan that aims to replicate the economic effects of tourism in Bali nationally.
The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.
The Government has issued a decree creating more favourable conditions for the development of businesses operating in the field of science and technology.
The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The trade deficit will be a big challenge to the economy this year due to tax incentives that lower the price of imported goods on the Vietnamese market.
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