China approves additional 47 Vietnamese durian growing area codes
The General Administration of Customs of China (GACC) has granted an additional 47 growing area codes to Vietnamese durian, bringing the total number of planting area codes up to 293.
VND120-trillion package not for real estate rescue: Deputy PM
HCMC – The VND120-trillion credit package is not intended to rescue the struggling real estate sector but to achieve the target of building at least one million social homes by 2030, Deputy Prime Minister Tran Hong Ha said at a meeting held yesterday, May 24. The package is designed to support
Ministry approves electricity prices for 19 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 19 wind and solar power plants with a total capacity of around 1,400MW. Among them, five are solar power plants and 14 onshore and offshore wind farms. As of May 24, 25 out of 85 wind and solar power
Central bank, 26 bank leaders convene
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, held a meeting to discuss interest rate reductions with 26 banks this morning, May 25. Information about the meeting has grabbed much attention as it comes amid the SBV’s key interest rate cut decision coming into force on the same
Work on Cat Bi Airport’s Terminal T2 to start in Q4
HCMC – Construction of Terminal T2 at Cat Bi International Airport in Haiphong City is expected to begin in the fourth quarter of the year. The terminal will have to be completed within one year, according to Notice No. 192/TB-VPCP on the conclusion of the prime minister, regarding his inspection
Global minimum tax requires Vietnam to adopt new incentives
The global minimum corporate tax could impact Vietnam's competitive advantages in attracting foreign investment. Dr. Oliver Massmann, Partner - General Director of Duane Morris Vietnam LLC, shared his views with The Hanoi Times on how Vietnam should respond to ensure its competitiveness.
China slams Japan over export curbs on chipmaking technology
China lashed out at Japan over Tokyo’s new export restrictions on some chipmaking technology and said it would take action to defend its interests, just days after it banned some domestic firms from using semiconductors from U.S.-based Micron Technology.
Việt Nam will continue to be prime destination for FDI: VinaCapital
The global corporate minimum tax is unlikely to impede Viet Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Viet Nam, Michael Kokalari, chief economist at investment fund VinaCapital, said.
Global minimum tax: An opportunity for Vietnam to reform its investment environment
It is expected that from 2024, some countries will apply the global minimum tax rate, including Vietnam. According to Nguyen Van Toan, Vice Chairman of the Association of Foreign Investment Enterprises (VAFIE), without reasonable and timely reforms on investment incentive policies to adapt to the
FTA to offer big opportunities for Vietnamese exports to Israel: Insiders
The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to
Vietnam’s exports fall further in first half of May
HCMC – Vietnam reported only US$23.9 billion in foreign trade in the first half of May, down 10.8% from the second half of April, official data showed. Exports plunged 21.3% from the second half of April to US$11.5 billion, which is US$988 million lower than import spending. The falling export
Bien Hoa-Vung Tau expy likely behind schedule due to slow site clearance
HCMC – Work on three components of the first-phase Bien Hoa-Vung Tau expressway project is scheduled to begin by June 30, but site clearance for components 1 and 2 in the Dong Nai Province area has yet to be completed. Dong Nai authorities have requested relevant units to speed up site clearance