‘Free trade agreements cause customs tax revenue loss but exports increase’
The implementation of free trade agreements (FTAs) and regional mega trade pacts have resulted in a loss of custom taxes for Cambodia, but has also boosted investment flows, created jobs, and increased exports, said Kun Nhem, director-general of Customs and Excise, while speaking at a workshop
“Golden time” for Vietnam’s lychee exports coming: experts
July marks the end of the lychee season in China but the main harvest in Vietnam. Therefore, domestic firms are advised to optimize this opportunity to boost exports to the neighbouring country.
Japan becomes the largest market for Vietnamese seafood
Over the years, Japan has always been the second-largest market for Vietnamese seafood, after the US. But in the first half of this year, Japan became the largest export market.
Pass-through of China trade war tariffs to US importers “astonishing”: report
US importers have borne almost the complete burden of tariffs placed on Chinese goods amid the long-running tit-for-tat trade war between the two global powers, according to a report from the economy, politics and society (EPoS) research centre at the universities of Bonn and Mannheim.
Vietnam, RoK intensify trade cooperation
Vietnam and the Republic of Korea (RoK) have become top important partners of each other in various fields, with economic, trade and investment cooperation serving as both pillar and primary driver of their increasingly growing relationship, said Vietnamese Minister of Industry and Trade Nguyen
Bright outlook for energy sector
The recently approved national power development plan VIII, covering the period 2021-2030 with a vision to 2050, has brought positive news to the energy industry and caught the attention of stock investors. Promoting the use of renewable and gas-fired energy while reducing coal-fired power is a
Indonesia massively imported Vietnamese agricultural products, increasing by 1520%
A country in Asia is buying many Vietnamese agricultural products in the first 5 months of this year. In particular, this country also spends about 16 times more money than last year to buy Vietnamese rice.
Work begins on Chau Doc-Can Tho-Soc Trang Expressway
HCMC – Three Mekong Delta provinces and Can Tho City held simultaneous groundbreaking ceremonies for four components of the Chau Doc-Can Tho-Soc Trang Expressway this morning, June 17. The ceremony for the expressway section in Chau Doc City, An Giang Province, was attended by Prime Minister Pham
Government urges swift resolution to electricity shortage in June
HCMC – The Government Office has released documents highlighting the outcomes of the meeting on measures for maintaining macroeconomic stability, with a strong focus on the urgent need to completely address the electricity shortage in June 2023. The Government Standing Committee has instructed the
International investors leave Vietnam wind power; what is happening?
International organizations assess that Vietnam has Southeast Asia's largest wind power potential, far ahead of other countries. Several international investors have come and set up offices in Vietnam.
Central bank lowers interest rate caps
HCMC – The State Bank of Vietnam (SBV), the country’s central bank, has once again lowered the maximum deposit interest rate for tenors below six months, the second reduction within nearly a month. Effective from June 19, the new cap for deposits of six months or shorter will be lowered by 0.25
Wind farm project in HCMC proposed for inclusion in national power plan
HCMC – The HCMC Department of Industry and Trade has thrown its support behind a proposal for including an offshore wind farm project in Can Gio District in the National Power Development Plan VIII. In a recent document sent to the HCMC People’s Committee, the Department of Industry and Trade