Economy and commerce
Vietnam startups to have their say at upcoming forum
The Vietnam Private Sector Economic Forum 2019 will be held May 2-3 at the National Convention Center in Hanoi. It is a space for government representatives to listen to private companies on the difficulties and barriers they face in business activities. The challenges faced by startups will ...
Pham Van
First Vietnamese mango export to the US
The Mekong Delta province of Dong Thap has become the first locality in Vietnam to export mangoes to the US, according to an announcement on April 18.Nguyen Thi Hong Thu, director of Chanh Thu Fruits Import and Export Ltd Co, said the company shipped the first ...
Vietnam mulls PPP Law with sovereign guarantees to reassure investors
Government guarantees are among the 10 points the Ministry of Planning and Investment listed in a document it recently sent to relevant ministries and agencies to collect opinions for its public-private partnership (PPP) bill.Under the MPI bill, projects considered for minimum revenue guarantees will be ...
Nguyen Huong
First trans-Pacific direct shipping line from Hai Phong opens
A Trans-Pacific transshipment service connecting the Hai Phong International Container Terminal (HICT) in northern Vietnam with the west coast of the US and Canada is now officially underway, shortening freight time by eight days.The momentous event affirms HICT’s capacity to berth large mother vessels and ...
State Bank issues new regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign ...
S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...
ASEAN finance ministers, central bank governors meet in Thailand
The 23rd ASEAN Finance Ministers’ Meeting (AFMM) and the fifth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) took place in Chiang Rai, Thailand, on April 5 under the chair of Thai Finance Minister Apisak Tantivorawong and Governor of Thai Central Bank Veerathai Santiprabhob.Officials welcomed ...
Youth Co:Lab Summit 2019 opens in Hanoi
The second Asia Pacific Youth Co:Lab Summit opened in Hanoi on April 4, attracting the participation of more than 500 delegates, including hundreds of young people, partners and government officials from 20 countries.Co-created in 2017 by UNDP and the Citi Foundation, Youth Co:Lab aims to ...
Ministry proposes lowering CIT for SMEs
The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.The idea was raised in a National Assembly draft resolution which the ministry recently published for comments.The move aims to promote ...
How Will Foreign Investment Change Vietnam’s Economy?
Vietnam’s cheap workers might not be the country’s stars for much longer: low wages helped to propel the communist nation to some of the fastest growth rates in the world, but analysts say it needs a new economic model now.Keep reading ...
Ha Nguyen
