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Foreign enterprises report massive losses - Is it real or just tax evasion?

More than half of FDI firms in Vietnam report continuous losses despite ongoing operations. Experts warn of tax evasion tactics that could distort market competition.

Vietnam to keep savings interest tax-free, finance ministry confirms

The Ministry of Finance has proposed maintaining the personal income tax (PIT) exemption on interest earned from savings deposits in its draft proposal for a revised Personal Income Tax Law.

Key industrial-product manufacturers join forces to boost exports

The annual export revenue of HAMI’s (Hanoi Association of Main Industrial Products) member companies is $2 billion.

Vietnam’s domestic businesses struggle as foreign firms exploit tax loopholes

FDI companies in Vietnam are leveraging tax incentives while declaring billions in losses. Experts suggest enhanced tax audits, standardized pricing databases, and global cooperation to curb corporate tax evasion and protect domestic enterprises.

Over $13.7 billion needed to upgrade port system

VN will need an estimated VNĐ351.5 trillion (US$13.76 billion) to upgrade its port system by 2030, with VNĐ72.8 trillion for maritime infrastructure and the rest for port terminals.

Businesses in finance industry promote application of AI in operations

Modern financial services have gone beyond basic transactions to become intelligent ecosystems personalised by AI.

Ho Chi Minh City may reclaim land left vacant for a year under new proposal

HCM City is proposing a new policy that would allow authorities to reclaim land left vacant for more than 12 months, even if landowners have paid required fees. The move aims to prevent land waste and boost urban development.

Vietnam proposes new real estate policies for foreigners in financial centers

Vietnam is planning financial centers with special real estate policies, including longer land leases and relaxed foreign ownership rules. The proposals aim to attract global investors but face scrutiny over potential risks of market instability.

VN enjoys competitive construction costs to develop data centres

Cushman & Wakefield stressed that Việt Nam continued to be recognised as an attractive destination for data centre investors.

Revamping approach to tourism resources exploitation ensures development

One of the most notable initiatives is, rather than avoiding or combating adverse weather, this project proposes a range of novel tourism experiences that embrace the seasons, offering tourists a unique perspective on the region.

Stocks to benefit from Trump’s tariff policy

Global tariff retaliations present opportunities for certain Vietnamese industries and publicly traded companies to gain from increased exports, FDI and supply chain realignments.

Investors in Binh Dinh to receive fast-track support through new hotline

With a rapidly growing economy and ambitious infrastructure projects, Binh Dinh is making it easier for businesses to invest. A newly launched hotline and task force will resolve investor issues quickly and efficiently.

Vietnamese enterprises urged to proactively respond to escalating trade tensions

Domestic businesses are advised to closely monitor market fluctuations and the political and social factors that influence trade, enabling timely and effective responses.

Vietnam’s auto industry makes global waves with remarkable turnaround

Manufacturers like Thaco, Hyundai Thanh Cong, and VinFast are making significant strides in global markets.

Vietnam’s aquatic exports poised to hit 11 billion USD landmark

Vietnam will focus on improving quality and production efficiency rather than expanding shrimp and tra fish farming areas in 2025.

Japan’s Tamron opens optical equipment factory in Vinh Phuc

The US$31 million project, approved in May 2023, spans 2.5 hectares and includes production workshops, warehouses and a wastewater treatment station. The facility has an annual capacity of 502,500 optical devices and instruments.

CPTPP enhances VN-UK trade, investment cooperation

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will further boost trade and investment ties between VN and the United Kingdom (UK), according to officials of the two countries.

GDP growth projected 6.7 per cent in 2025

Standard Chartered Bank, projects strong Vietnam GDP growth of 6.7 per cent in 2025 (7.5 per cent in H1 and 6.1 per cent in H2), driven by continued business expansion in 2025 and beyond, with foreign investment playing a key role in driving growth.

Finance ministry disagrees with start date of crypto transactions

The Ministry of Finance has commented on the Ministry of Planning and Investment’s proposal for a draft National Assembly Resolution on financial centres in Việt Nam.

Resettlement housing left to rot amid rising property prices

In Hanoi and HCM City, nearly 18,000 resettlement apartments remain vacant or are being used inefficiently, leading to the decay of entire infrastructure systems.