RMIT publishes report on Vietnam-Australia opportunities
HCMC – RMIT’s Asia Trade and Innovation Hub has published a report providing insights for Australian companies searching for Industry 4.0-related business opportunities in Vietnam’s agriculture, logistics and higher education. The report, “Strengthening Victoria’s Connections with Southeast Asia:
Danang’s public capital disbursement rate nears 78%
HCMC – The central city of Danang had disbursed around VND5 trillion of public investment in the year to November, or 77.8% of the total, and equal to 86.9% of the year-ago figure, according to the Danang Statistics Office. The city has taken measures to speed up the construction of some projects.
Tax revenue from e-businesses below expectations
HCMC – Tax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported. Tax collections from 2018 to date totaled nearly VND5,590 billion. The figure has increased over the years, with the collection
Tri Viet Securities has new board chairman
HCMC – Pham Thanh Tung has been picked as new board chairman at Tri Viet Securities Joint Stock Corporation (TVB) for the 2022-2024 tenure, with effect from December 2, replacing his predecessor Bui Minh Tuan. Tuan resigned from his post of TVB board chairman the same day. He earlier tendered his
Vietnam-U.S. trade reaches US$115 billion in Jan-Nov
HCMC – The January-November period saw two-way trade between Vietnam and the U.S. hitting some US$114.9 billion, surpassing the 2021 figure by US$5 billion, according to the Ministry of Industry and Trade. The U.S. remains Vietnam’s largest export partner. Overall revenue for the 11-month period
EQuest, Khoi Nguyen Education Group join hands to expand reach
HCMC – EQuest Education Group, or EQuest, and Khoi Nguyen Education Group (KNE) have signed a strategic cooperation agreement to expand operations and increase opportunities for Vietnamese students to access high-quality education. Under the deal, EQuest will become a key shareholder and join the
Vietnam, South Korea upgrade ties to comprehensive strategic partnership
HCMC – Vietnam and South Korea have upgraded their relations to a comprehensive strategic partnership, paving the way for stronger cooperation between the two countries in the years to come. Vietnam’s President Nguyen Xuan Phuc, who is in South Korea for a three-day state visit scheduled to wrap
Yen Bai airport feasible for civil aviation development
HCMC – The northern upland province of Yen Bai has proposed the Ministry of Transport include a local airport in the national aviation development plan for 2021-2030, with a vision to 2050. Yen Bai airport is managed by the Ministry of Defense. Its 279.5-hectare area and 2,400-meter-long runway
Bac Ninh attracts over US$2 billion of FDI in 2022
HCMC – The northern province of Bac Ninh has attracted more than US$2 billion in new foreign direct investments (FDI). This year Bac Ninh has seen 124 new projects registered with a total investment of US$318.8 million, up 7.8% in the total number of projects. There have been 118 projects FDI
Central bank revises up credit growth limit
HCMC – The State Bank of Vietnam (SBV) decided last night (December 5) to increase the credit growth limit for this year by 1.5 to 2.0 percentage points, reversing its persistent stance on loan growth. With inflationary pressure on its mind, the SBV, the country’s central bank, earlier affirmed
Vinamilk to pay 14% cash dividend
HCMC – Vietnam Dairy Products Joint Stock Company (Vinamilk), whose VNM shares are traded on the Hochiminh Stock Exchange, will make its second dividend payment this year, with December 23 set as the record date. The dairy processing company will pay a cash dividend of 14% to its existing
Multiple violations detected in tourism projects
HCMC – The Government Inspectorate has inspected tourism projects under the management of the Ministry of Culture, Sports and Tourism and nine provinces and detected a series of violations. The Ministry of Culture, Sports and Tourism and the People’s Committees of nine provinces such as Hanoi,
Extra sugar import tariff quota allocated via auction
HCMC – The Ministry of Industry and Trade (MOIT) will auction an additional import tariff quota for 200,000 tons of sugar for the crop year 2021-2022. The type of sugar and quantity of additional import tariff quota for sugar would be 160,000 tons of raw sugar and 40,000 tons of refined sugar with
Deferred tax payments put at VND106 trillion in Jan-Nov
HCMC – The tax offices have deferred tax payments of VND105.9 trillion between January and November this year, representing 78.4% of the plan set in the tax deferral policy at VND135 trillion, according to the Ministry of Finance. The deferral of value added tax (VAT), corporate income tax (CIT),
Jan-Nov goods exports expand over 13%
HCMC – Vietnam’s merchandise exports in the year to end-November had amounted to an estimated US$342.21 billion, a rise of 13.4% over the same period of last year, according to the General Statistics. According to the Government news website (chinhphu.vn), processed and manufactured goods
Techfest Vietnam 2022 seminars highlight corporate innovation
HCMC – Business representatives, State officials, and experts at home and abroad gathered at the Binh Duong Innovation seminar series held yesterday, sharing their insights about a roadmap for upgrading manufacturing toward Industry 4.0 and corporate innovation. The seminars are part of the
