Gasoline prices move sideways, oil prices inch down
HCMC – Domestic retail prices of gasoline saw little change versus March 21, while the prices of oil products, except for diesel oil, fell slightly starting at 3 p.m. today, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The current price of RON95-III
Vietnam, Israel conclude FTA negotiations
HCMC – After seven years and 12 rounds of negotiations over a free trade agreement, Vietnam and Israel have finally reached a mutually beneficial deal. The two countries will have to finalize regulatory issues to prepare for the execution of the Vietnam-Israel Free Trade Agreement (VIFTA),
PM acts to deal with woes in land and construction materials
HCMC – Prime Minister Pham Minh Chinh has signed Dispatch No.194 ordering the lifting of hindrances to supplies of land and construction materials for expressway and property construction projects. Under Dispatch No. 194, ministers, department heads and provincial and municipal chairmen are
New visa policy proposal sent to National Assembly
HCMC – The Government has officially written to the National Assembly proposing a new policy for changing immigration procedures and e-visa issuance, and lengthening a visa-free stay for foreign visitors. The proposed policy includes granting e-visas to citizens of all countries and territories,
Zero VAT for overseas digital content revenues proposed
HCMC – The Digital Content Creation Alliance (DCCA) at the Vietnam Digital Communications Association (VDCA) has recommended a zero value added tax, or VAT, on digital service revenues generated from foreign markets. Nguyen Viet Tiep, tax senior specialist at DCCA, said local individuals and
Concern over global minimum tax
The global minimum corporate tax policy is poised to take effect early next year, which may adversely affect Vietnam’s attraction of foreign direct investment (FDI) as the country has over the years offered tax incentives to lure investors Binh Duong Province, a major venue for FDI in recent
Waiting for savings
The stock market has seen quite a positive development since banks have begun lowering their deposit rates, particularly with realty stocks, plus the support from Decree 08 and Resolution 33 recently issued by the Government. Waiting for a shift? The second round of deposit interest rate
A bad omen for export companies
The global economic slump has weighed heavily on Vietnam’s key product exports, placing labor-intensive enterprises in the billion-dollar export “club” in peril Leading exports hit hard Since last August, a lack of orders has forced firms to cut working hours and lay off employees. As a result,
Vietnam plans to have 1.5 million businesses in 2025
HCMC – The Government wants the private sector to be a main driver in the country’s development, with a target of establishing 1.5 million businesses by 2025. Half of the 1.5 million domestic enterprises would be medium and large-sized, according to the Government’s Resolution 45 issued today,
HCMC warns of overlapping diseases
HCMC – The HCMC government has urged local medical facilities to take action in response to the spread of dengue fever and the Marburg virus. The city People’s Committee asked the Health Department to monitor passengers from high-risk areas and have contingency plans for coping with public health
Some key interest rates fall further early next week
HCMC – The State Bank of Vietnam, the central bank, announced five separate decisions today, March 31, to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March. The SBV said the forthcoming rate reductions were part of the efforts of the
HCMC’s CPI rises 4.5% in Jan-Mar
HCMC – The Consumer Price Index (CPI) in HCMC this month inched up 4.5% on average in the year’s first quarter, according to the city’s Statistics Office. Among the 11 groups of consumer goods and services in the basket of items used to calculate the CPI, two groups registered a decline in prices,
