Korean medical device companies to expedite market entry into Vietnam
The recent removal of bidding rules by the Vietnamese government is expected to accelerate the entry of Korean medical device companies into the Vietnamese market, industry watchers said.
Wood exports to US & EU still struggling
US and EU continuing to experience high inflation and slowing real estate markets.
Vietnamese businesses seek investment opportunities in US
The Vietnamese Embassy in Washington DC working in co-ordination with the strategic consulting firm The Asia Group organized a meeting on May 4 with Vietnamese businesses attending the 2023 SelectUSA Investment Summit.
Consider applying a priority import-export process to help businesses optimize time and costs
The Government requested to research and simplify administrative processes as much as possible or consider applying priority import and export processes to support businesses in optimizing time and costs.
Efforts needed to help Vietnamese herbs go global
On the global map of herbs, Vietnam is assessed to possess a diverse source and its proportion of rare and precious natural medicinal herbs remain quite high, said Tran Minh Ngoc, deputy head of the Ministry of Health’s traditional medicine management department.
Vietnam's fruit exports to China and Laos increased sharply
Vietnam's fruit are heavily imported into China and Laos.
The Government proposes to the National Assembly to reduce VAT at the May meeting
The Government asked the National Assembly Standing Committee to allow a draft resolution on reducing VAT from 10% to 8% to support people and businesses in a shorter order, procedures and submit it to the National Assembly for approval through the process of a meeting next May.
In the first quarter of 2023, TTC Land escaped losses thanks to their financial revenue
In the first quarter of 2023, Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) barely recorded revenue from core activities, gross profit was not enough to pay financial expenses, selling and administrative expenses. However, TTC Land escaped losses thanks to financial revenue of up to
Fed raises rates, opens door to pause in tightening cycle
The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase with what may be the last in a historic series of interest rate hikes and heightened attention to credit and other economic risks.
Asia likely to grow 5% faster than developed economies by year-end: Morgan Stanley
Asia's economic growth could outpace developed countries' by 5% by end-2023 driven by China's easing of Covid-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan Stanley economists.
ASEAN+3 enhances financial cooperation
Finance ministers and central banks’ governors of ASEAN Member States and China, the Republic of Korea (RoK) and Japan (ASEAN+3) have agreed to intensify regional financial cooperation.
Vietnam, Cambodia have fastest port turnaround times in ASEAN: WB
Container shipping in Vietnam and Cambodia had the fastest port turnaround times in ASEAN in June 2022 with both countries scoring an average of 0.9 days, according to a World Bank (WB) report.
Vietnam’s NA signs cooperation agreement for first time with Uruguay parliament
NA Chairman Vuong Dinh Hue, Speaker of the Senate and Vice President of Uruguay Beatriz Argimon, and Speaker of the House of Representatives of Uruguay Sebastian Andujar on April 27 signed a cooperation agreement between the two parliaments.
From 2025, the wood and coffee industry will be affected by new EU regulations
To concretize its commitments to "stop and reverse" deforestation and land degradation, Europe has passed bills to ban the import of items related to deforestation. Accordingly, importers and exporters will have to trace the origin of imported products sold on the European market, whether
Foreign corporations in Vietnam worried about global minimum tax
Major foreign corporations are concerned that the proposed global minimum tax will make investing in Vietnam less profitable, according to the Ministry of Planning and Investment.
Tariff for implementation of AIFTA: Vietnam to eliminate 65% of import tariff lines
Implementing tax reduction under the ASEAN - India Trade in Goods Agreement (AIFTA) for the 2022 – 2027 period, from December 31, 2021, all tariff lines in Vietnam's Normal Track (NT) reduced to 0%, tariff lines of all items subject to Sensitive Track (ST) and Highly Sensitive List (HSL) will