Dung Quat oil refinery pays more than 200,000 billion VND to the budget after 15 years
After 15 years, Dung Quat Oil Refinery has processed more than 94 million tons of crude oil, sold more than 86 million tons of products to the market, revenue reached nearly 1.7 million billion VND, paid more than 207,000 billion VND to the state budget.
Techcombank collected more than 1,700 billion dong from selling their headquarters
Techcombank's other profit in the first quarter increased dramatically thanks to the sale of its headquarters at 191 Ba Trieu (Hanoi), earning more than 1,700 billion VND with a profit of more than 730 billion VND.
Major gap between domestic, international standards
The National Standardisation Strategy for 2030 has set a target of raising Vietnam’s harmonisation ratio with international, regional and foreign standards to at least 65% by 2025 and 75% by 2030.
Luxembourg now third biggest European investor in Vietnam
Luxembourg is now Vietnam’s third-largest European investor, with capital totaling some $2.6 billion, according to Prime Minister Pham Minh Chinh.
Luxembourg media positive of Vietnam-Luxembourg cooperation potential
Over the past few days, many Luxembourg news channels have reported on the official visit to Vietnam by Luxembourg Prime Minister Xavier Bettel from May 3-5, assessing that it will contribute to further strengthening the bilateral relationship in the coming time.
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.
