Utilise preferential tariff under FTAs to boost economic development
Vietnam is implementing commitments on preferential export and special preferential import taxes within the framework of the 15 Free Trade Agreements (FTAs) and two bilateral trade agreements (BTAs) with a coverage of more than 80% of Vietnam's import turnover. Participation in FTAs/BTAs creates a
Vietnam among largest rubber suppliers to RoK
Vietnam is currently the fourth largest rubber supplier to the Republic of Korea (RoK) after Thailand, Indonesia and China, according to the Import-Export Department under the Ministry of Industry and Trade.
Bright outlook amid monetary easing
Monetary policy is gradually shifting from tightening to easing again. Following the two interest rate cuts in late March, the central bank has signaled another rate reduction is coming. Money goes around flexibly Contrary to former concerns, the stock market was undergoing fairly positive
Vietnam looks to deeply join global IC supply chain
Vietnamese localities and enterprises are attracting design talents to deeply join the global integrated circuit supply chain, as global IC design corporations are shifting their operations to Vietnam.
Vietnam, Italy develop SMART platform to expand online trade connectivity
The Italian Trade Agency in Vietnam announced on May 26 that it has teamed up with the Italian Ministry of Foreign Affairs and International Cooperation and the General Confederation of Italian Industry to set up the ASEAN Education and Business Programme (VELP 2023).
Asian businesses are being dragged into the chip war
Now South Korean manufacturers find themselves in a tricky spot.
3rd EU–Vietnam PCA Sub-Committee on Sustainable Development
The third EU – Vietnam Sub-committee on Sustainable Development within the framework of the Viet Nam – EU Joint Committee, established under the Comprehensive Partnership and Cooperation Framework Agreement between Viet Nam and the European Union (PCA), took place yesterday in Hanoi.
Biting the bullet
Flagging demand has compelled manufacturers to reduce their production and workforce. Shoe manufacturer PouYuen, which makes sneakers for global brands like Nike and Adidas, is reportedly set to cut nearly 6,000 jobs in HCMC. Working amidst worries According to a leader of PouYuen Vietnam Group,
Recovery unabated amid uncertainty
2023 looks to be a challenging year for the global economy, with global growth decelerating owing to monetary tightening and the Russia-Ukraine military conflict continuing to weigh on activity. Persistent inflation pressures, and now financial sector problems in the U.S. and Europe, are injecting
The most addictive dish on Ha Giang plateau
Ha Giang attracts tourists not only for its majestic natural landscape and honest ethnic people but also for its bold, regional specialties that cannot be found anywhere else. Among them, sour pho (pho chua) is a unique dish that diners should try when visiting Ha Giang. The main ingredient to
Off to a good start
The National Assembly Standing Committee reached a consensus to send the NA the draft of a resolution on piloting new policies for HCMC’s development at the fifth NA sitting that began on May 22, 2023. Apart from its endorsement of a new resolution as a replacement of Resolution 54 on a special
G-bonds vs access to capital
Apart from the lower capital efficiency due to the amount raised from G-bond issues outpacing the disbursement of public investment capital, which has resulted in the cash balance in the State budget soaring, the excessive capital mobilized from via G-bond sales has also worsened the crowding-out