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Le Thi Hien, chairwoman of the Vietnam Cooperative Alliance and Global Market Group, lured 1,600 investors into fraudulent real estate projects, stealing nearly $16 million before being arrested.
In an unprecedented move, Vietnam has transferred 18 state-owned enterprises, including PetroVietnam and EVN, to the Ministry of Finance, reshaping state asset management.
Vietnam’s new Decree 49 enforces exit bans on individuals and business owners with overdue tax debts of at least 50 million VND ($2,000) for over 120 days. Legal representatives of companies owing over 500 million VND ($20,000) are also affected.
Experts have outlined three key areas for PDP VIII’s revision, including updating legal frameworks, assessing the power system’s operations and forecasting socio-economic growth and electricity demand.
Amid global trade uncertainties, Vietnam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
Vietnam’s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).
The application of new technologies in production and close collaboration between farmers and businesses have significantly contributed to taking Vietnamese products from rural areas to the global stage, which is a challenging but inspiring journey.
All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.
Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption.
Ho Chi Minh City’s apartment supply is expected to exceed 40,000 units by 2027, with Thu Duc city accounting for half, according to Savills Vietnam.
More than 300,000 tonnes of goods were traded through the crossing points of the Mong Cai International Border Gate as of late February, a 56.4% increase year-on-year.
Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025.
Vietnam's retail market with positive growth prospects will support the development of the commercial real estate market this year, according to experts at the “Vietnam Retail 2025: Opportunities in Real Estate” event held on February 27.
2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.
Prime Minister Pham Minh Chinh suggested connecting the two economies and business communities to further nurture the Vietnam – China comprehensive strategic cooperative partnership.
Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.
SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP.
The Commission for Management of State Capital at Enterprises (CMSC) on February 28 transfered the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance.
Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.
With an urgent timeline to put the plant into operation by 2030 or 2031, the project faces significant challenges and requires a shift to a more flexible, accelerated management approach.