Tax authorities urged to accelerate VAT refunds for businesses
HCMC – The General Department of Taxation has requested local tax authorities to expedite the processing of value-added tax (VAT) refund requests by businesses. In accordance with the guidance of the Prime Minister and the Ministry of Finance, the General Department of Taxation issued official
Vietnam’s G-bond yield curves shift downward sharply: ADB
HCMC – The government bond yields in Vietnam have dropped across all tenors from March to June, resulting in the largest downward shift in the country’s bond yield curve among Asian nations, with an average decline of 136 basis points. According to the Asian Development Bank (ADB) report titled
Former Japan Airlines executive chosen to lead Bamboo Airways
HCMC – Oshima Hideki, former Executive Officer of Japan Airlines Co Ltd, has been picked as chairman of Bamboo Airways to lead the loss-making carrier through tough times. At the privately-held airline’s annual general meeting of shareholders for 2023 yesterday, June 21, seven new board members of
Deferment of excise tax payment allowed for local auto businesses
HCMC – The Government has issued Decree 36, allowing local auto manufacturers and assemblers to extend their payments of special consumption tax or excise tax until November of this year. Under the decree, local auto makers with outstanding special consumption tax amounts payable for the tax
Credit growth remains sluggish
HCMC – Outstanding loans in Vietnam had surpassed VND12.3 quadrillion in the year to mid-June, a 3.36% increase compared to December 2022 and a 8.94% rise against the same period last year. These figures were disclosed during a press conference held on June 21 by the State Bank of Vietnam (SBV),
S.Korean president arrives in Vietnam
HCMC – South Korean President Yoon Suk Yeol arrived in Hanoi this morning, June 22, starting a three-day state visit to Vietnam at the invitation of President Vo Van Thuong. It is Yoon’s first trip to Vietnam in his capacity as President of South Korea. Yoon is set to attend the official welcome
New 500 kV power line planned for northern region
HCMC – Vietnam will start building a new 500 kV power transmission line in 2025 to provide additional power for the northern region, said the Central Vietnam Power Projects Management Board. This project will facilitate the transmission of electricity from the southern and central regions to the
HCMC prepares plans to deal with HFMD outbreak
HCMC – The HCMC Department of Health has formulated three plans to effectively handle the increasing number of hand-foot-and-mouth disease (HFMD) cases in the city. Reports suggest that a significant portion, around 70% of cases, have originated from provinces such as An Giang, Tien Giang, Kien
Booming fruit and vegetable export orders to China
Orders to China boomed, and businesses expanded to new Vietnamese fruit and vegetable markets. This year's vegetable and fruit exports will reach 4.5 billion USD, even earning nearly 5 billion USD.
Hydropower plants report higher water levels
HCMC – Water levels at all hydropower reservoirs in Vietnam have risen above critically low levels, according to Vietnam Electricity (EVN). As of June 20, the reservoirs at Lai Chau, Son La, Ban Chat, and Tuyen Quang hydropower plants recorded levels ranging from 4 to 438 meters above the dead
Vietnam’s Q4 economic growth may improve better than expected: HSBC
HCMC – Vietnam’s economy is projected to perform better than expected in the final quarter of the year if the State Bank of Vietnam (SBV) continues to provide monetary policy support, according to a recent report by HSBC Vietnam. The report has revised the economic growth forecast for Q4 by 0.1%,
HCMC to use seaport fee revenue for key projects
HCMC – HCMC will use seaport infrastructure fee revenue to fund three major infrastructure projects in Thu Duc City. Tran Quang Lam, director of the HCMC Department of Transport, said on June 20 that VND2,700 billion would be sourced from seaport infrastructure fee collections to develop My Thuy
