Seminar discusses impacts of VN-EU trade deal Business

Seminar discusses impacts of VN-EU trade deal

The EU-Vietnam free trade agreement (EVFTA) should be considered alongside other agreements to evaluate the opportunities and challenges it brings about, thus aiding the renovation of Vietnam’s growth model, economists have said.

Experts at a March 5 seminar in Ho Chi Minh City remarked that Vietnam wants to spur export and lure more investment through the agreement in order to open itself up to the region and the world.
World

Used Japanese cars dominate Myanmar market

Old Japanese cars have overwhelmed the Myanmar auto market due to its Government’s tax reduction policies and relaxed regulations on used cars, according to Kyodo News.
Business

HCM City aims to reduce tax arrears to 5pct in 2014

The Ho Chi Minh City Tax Department aims to reduce the tax arrears to 5 percent of the total budget revenues by the end of this year, Director of HCM City Tax Department Nguyen Dinh Tan stated at a 2014 tax task conference held in the city on January 9.
Business

Tra Vinh tries to become more attractive to investors: official

With a strategic location in the Mekong Delta and blessed with many key national projects like passageways for oceangoing ships to enter the Hau River, Co Chien Bridge, Duyen Hai Power Centre, and Dinh An Economic Zone, Tra Vinh province possesses a lot of favourable conditions to draw investment. Do Van Khe, Director of Tra Vinh Department of Planning and Investment, affirmed that Socio-economic development potential of the province is being awakened and tapped effectively, promising to make Tra Vinh an attractive and trusted destination for domestic and foreign investors. Vietnam Business Forum reports.
Business

Economic, political benefits of joining TPP

The participation of Vietnam in the Trans-Pacific Partnership (TPP) agreement will improve Vietnam ’s position on economy and policy in the region and world, Minister of Industry and Trade Vu Huy Hoang has said.
Business

Gov’t succeeds in regaining macroeconomic stability: IMF

IMF Resident Representative in Vietnam Sanjay Kalra has applauded on the Government’s success in stabilising the macroeconomy, curbing with the inflation rate and accelerating the export turnover.

He stressed the point in an exclusive interview with the Vietnam Government Portal on the occasion that Prime Minister Nguyen Tan Dung presented a report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan in 2011-2015 and the tasks for 2014-2015 at the 6th session of the 13th National Assembly.
Business

How tax policies help attract more investment to Vietnam

Up to now, there have been 15,100 FDI projects in Vietnam, with a total registered capital of 220 billion USD, of which 50 percent (107 billion USD) has been disbursed. This success is significantly attributed to tax incentives. The Vietnam Business Forum reports.
Society

Much room for industrial zone workers' housing

Despite the development of industrial zones, there is still a shortage of housing for workers in these areas, which is mostly due to limited local budgets and lack of preferential policies to attract private investment in such projects.
Tax incentives likely for tech-savvy enterprises Business

Tax incentives likely for tech-savvy enterprises

Tax incentives will be provided to enterprises operating in the field of high technology and those in agriculture with high-tech application, aiming to encourage enterprises to strive for more added values.
Business

Bank card count reached 60.15m by end of June: SBV

The number of bank cards issued in Vietnam rose to 60.15 million as of the end of the second quarter this year, up 10.8 percent against late last year, the State Bank of Vietnam (SBV)'s Payment and Settlement Department has reported.

The department said that roughly 3.05 million new cards were issued in Q2 alone, up compared with the first quarter when 2.81 million new cards were issued.
Business

HCM City aims for higher GDP growth

Ho Chi Minh City authorities will help businesses accelerate farming, business and production activities to attain a gross domestic product ( GDP ) growth rate of 9.5 percent for 2013.
Slow growth to put pressure on Budget Business

Slow growth to put pressure on Budget

State budget collection will likely be difficult this year and the Government needs to outline effective measures to ease difficulties in production and recover economic growth.
Garments become nation's top export Business

Garments become nation's top export

Export value of garments and textiles reached 1.15 billion USD in March, making them the country's largest export earners with 3.23 billion USD in total earnings during the first quarter, the General Statistics Office reported.
Business

Petrol distributors promised help

Domestic fuel distributors and dealers have been struggling with increasing world petrol prices while a lid has been kept on retail prices in the domestic market.