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Thanh Hoa approves $55 million industrial park in Hoang Hoa District

The WHA Smart Technology Industrial Park, with a $55 million investment, will serve as a key driver for industrial development in Thanh Hoa Province.

Seasonal advantage helps Vietnam claim top spot in China’s durian market

Vietnamese durian is taking China by storm, as exports soared 90% in volume year-on-year, eclipsing rivals like Thailand.

Over 1,000 real estate firms return, 1,600 transactions in HCM City reported

As many as 1,051 real estate firms in HCM City registered their establishment in the first nine months of the year, and more than 1,600 successful transactions were reported in the last three months.

Should Vietnam implement VAT on fertilisers?

A contentious debate has arisen over whether Vietnam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.

Major cement manufacturer may face VND3 trillion investment loss

In its conclusion following an inspection tour to the Vietnam Cement Corporation (Vicem), the Ministry of Finance’s (MOF) inspectors pointed out risks in some investment deals of the biggest domestic cement manufacturer.

Market heats up as people buy cars before registration-tax cut expires

Car sales have soared in the last few months thanks to a 50 percent cut in the vehicle registration tax. Sales are expected to peak in November.

Vietnam resolved to boost digital economy with national action plan

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Deputies looking to unlock realty market with new land use initiative

Lawmakers are set to discuss at the hall a draft resolution on piloting commercial housing project through land use rights transfer agreements at the ongoing 15th National Assembly’s eighth session on November 21.

Vietnam-UK Institute plans for an international university

The Vietnam-UK Institute for Research and Executive Education (VNUK)  under the Da Nang University will be turned into an international university – a key base of the Da Nang University – in the 2030-50 Master Plan.

Chu Lai Port starts new direct shipping route to US

Following the launch of direct services to major ports in India in August this year, Chu Lai Port has expanded its international network with a direct route to the US.

VAT tax reduction should continue until mid-2025: MoF

The Ministry of Finance (MoF) has proposed Việt Nam’s value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.

VN must diversify its textile export markets

Vietnam must diversify its textile and garment export markets, especially its heavy reliance on the US market.

Foreign Investors set record in sell-off on HoSE

Since the beginning of 2024, foreign investors have net sold over VNĐ85 trillion (over US$3.3 billion) on the southern bourse.

Vietnam aims to increase rice market share in Africa

The export of this grain to Africa rose to US$692.6 million in 2021 from $411 million in 2017. Rice typically accounts for 15-20 per cent of Việt Nam’s total exports to Africa.

Fake news drives off real news, harming businesses

Fake news and false rumors have become rampant on social networks, causing many businesses to lose trillions of dong in capitalization value.

Vietnam collects over VND 6.2 trillion in taxes from 110 foreign suppliers

Vietnam’s e-Tax Portal for foreign suppliers has proven its effectiveness, enabling 110 international entities to declare and pay over VND 6.234 trillion ($260 million) in taxes this year.

KBC’s billion-dollar deal with Trump Organization triggers strategic moves

KBC’s $1.5 billion collaboration with the Trump Organization marks a pivotal moment, spurring strategic changes in Dang Thanh Tam’s business empire.

Auditors for Quoc Cuong Gia Lai’s financial reports suspended

The State Securities Commission has suspended auditors who signed off on Quoc Cuong Gia Lai’s 2023 financial report, citing violations of audit standards.

Trade growth between VN and Americas promoted by FTAs

According to the Ministry of Industry and Trade, in the first ten months of 2024, Vietnam’s trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.