business news

Update news business news

National Power Development Master Plan for 2021 - 2030 period put into reality

Deputy Prime Minister Tran Hong Ha signed Decision 338/QD-TTg, dated April 24, approving a plan to implement the National Power Development Master Plan for the period of 2021 - 2030, with a vision to 2050 (Master Plan VIII).

Govt proposes extending 8% VAT until end-2024

The Government has proposed extending the 8% value-added tax (VAT) on certain goods and services until the end of 2024.

Prolonged drought causing severe damages to shrimp farmers

The extreme drought this year has resulted in water shortage and increasing salinity, making shrimp farmers face a serious profit loss due to shrimp mass deaths.

Cost increase issues put coffee purchasers on alert

Global supply tensions are driving the world’s coffee export prices to high levels, with supply shortages potentially beneficial to large coffee-exporting countries like Vietnam.

Policies needed to encourage e-commerce to embrace circular economy

Vietnam needs to develop solutions to encourage fast-paced e-commerce to embrace circular economy and reduce the dumping of plastic wastes towards protecting the environment.

Vietnam strives to remain world’s biggest cinnamon exporter

The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.

Traceability records maintain reputation of Vietnamese rice

The Ministry of Industry and Trade requests to ensure full traceability documents and records in purchase, consumption, export of rice to ensure no commercial fraud and preserve brand and reputation of Vietnamese rice.

MOIT seeks zero-dong pricing for rooftop solar power price

Minister of Industry and Trade Nguyen Hong Dien believes that paying zero dong to electricity to be generated by rooftop solar power systems is a reasonable policy which could prevent profiteering.

VN’s cashew imports exceed exports as Cambodian products flood market

As of April 15, Vietnam had exported 183,300 tons of cashew nuts worth $984.6 million, while it had spent $1.04 billion to import 834,000 tons of raw nuts. The trade deficit connected to the product has returned.

Still no VAT hike proposal to aid business development

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.

Vietnam's 2024 rice exports seen beating target

Vietnam’s rice exports this year are forecast to beat the earlier projection of 7.6 million tons, heard a conference on rice exports.

Truong My Lan appeals against lower court verdict

Truong My Lan, chairwoman of Van Thinh Phat Holdings Group Corporation, has appealed against the death sentence imposed on her by the lower court, said local media reports.

VN could profit from taxing bitcoin, digital asset transactions

The total value of cryptocurrencies entering Vietnam in 2023 reached $120 billion. Vietnam could collect big money from taxing cryptocurrency transactions and having a legal framework to control virtual assets.

SSC rejects KRX system operation on May 2

The KRX system has not undergone a comprehensive acceptance review involving investors, contractors and beneficiary units.

Gold bar prices reach historic high of over VND85 million per tael

The price of domestic gold bars on April 26 continued its upward trajectory, climbing to a historic peak of VND85 million per tael to surpass all previous records.

Revenue on top five e-commerce platforms jumps 79%

The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms.

Vietnam expected to become e-commerce powerhouse in Southeast Asia

Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia.

Can mini cars change Vietnamese travel habits?

The price of mini car models available in Vietnam remain high, limiting the number of purchases. If the prices were halved, however, sales would increase.

Transport Ministry assures investors about disbursement of public capital

Minister of Transport Nguyen Van Thang has affirmed that money is ready for disbursement and payments will be made gradually as the work goes on.

Over three-fourths of Vietnamese adults possessing active bank account

The State Bank of Vietnam yesterday held a press conference in Hanoi to announce the digital transformation event of the banking industry in 2024.