A fiscal expansion
A solution to economic growth that the Government has doubled down on is to spur public investment, with major infrastructure projects given a focus. Such efforts have yet to pay off. What is the problem? Fiscal expansion In March 2023, the State Bank of Vietnam (SBV), the central bank, twice
A journey of healing
Henrike Doornbos, who has lived in and out of Vietnam, has been battling depression most of her life. After reading about it and seeking help, she overcame her mental problems and began a career as a life coach in Vietnam. She speaks to The Saigon Times about her journey with depression, why
Vietnam's fruit exports to China and Laos increased sharply
Vietnam's fruit are heavily imported into China and Laos.
Northern Vietnam faces the risk of 4900 megawatts of power shortage in this 2023 dry season
According to EVN's calculations, the northern power system faces a shortage risk of 1600 to 4900 megawatts in May and June.
The State Bank proposes a capital increase for Vietcombank, Vietinbank, BIDV, and Agribank
The State Bank has submitted to the Prime Minister a plan to increase capital for the group of 4 largest state-owned banks in Vietnam (including Vietcombank, Agribank, BIDV, and Vietinbank). The Big 4 group is currently leading in terms of total assets, capital base, and prestige in Vietnam.
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.
Facing the global minimum tax
The day the global minimum tax takes effect is drawing near. Seminars have been held over the past two weeks, one after another, to discuss this topic. But a final say about whether Vietnam will uphold the tax has yet to be heard, putting FDI businesses under tenterhooks. Some 90 groups feel the
The return of hope
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period. A predictable fall Securities firms reported lower revenue and profit in the first three months of the year. Leading companies
Tourists visited Ly Son island increased three times
Visitors to Ly Son island during the occasion of the Hung king’s anniversary and April 30 increased due to favorable weather and a series of demand stimulation.
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
Ample room for rice exports
Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food. On April 26, the Ministry of Industry and Trade held a conference in HCMC to evaluate rice
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.