S.Korean business leaders come to Vietnam as President begins three-day visit
HCMC – Chairpersons of South Korean corporations such as Samsung Electronics, SK, Hyundai Motor, LG, and Lotte are accompanying President Yoon Suk-yeol during his three-day visit to Vietnam starting June 22. The business delegation consists of over 200 representatives from various sectors
More challenges mount for woodworking enterprises
HCMC – The situation has been exacerbated for the wood processing industry, resulting from falling prices and rising manufacturing costs amid fewer fresh orders. Importers are imposing higher standards on production and delivery times, pushing manufacturers to expedite production despite receiving
Ministry proposes methods for determining land prices
HCMC – The Ministry of Natural Resources and Environment has proposed four methods of land price establishment and coordinated with local authorities to build the initial land price list, according to Minister Dang Quoc Khanh. During the National Assembly session, Minister Khanh addressed some key
Over 150 Indian companies to explore opportunities in Dong Thap
CANTHO – More than 150 Indian companies are set to visit Dong Thap Province in southern Vietnam to explore investment and trade opportunities next week. They will participate in a conference focused on promoting trade and investment in the province, scheduled to take place from June 27 to 29. The
Hanoi to start work on Beltway 4 this weekend
HCMC – The Government has announced that the construction of Beltway 4 in Hanoi City will begin on June 25, the Vietnam News Agency reported. The groundbreaking ceremony for the Beltway 4 project will take place at four different locations. The first location is at the interchange between Beltway
Nearly 10 hours needed for each business inspection in 2022 – report
HCMC – Each company inspection last year required an average of 9.8 hours and a cost of VND1.8 million, according to the Administrative Procedure Cost Index 2022 (APCI 2022) report. The most time-consuming phases were file preparation and product quality testing, which took 1.8 hours and 3.4 hours
U.S. aircraft carrier set to visit Vietnam
HCMC – The USS Ronald Reagan, the ninth Nimitz-class nuclear-powered aircraft carrier, is scheduled to arrive in the central beach city of Danang this Sunday for a six-day friendship visit to Vietnam, announced the Vietnamese Ministry of Foreign Affairs. Pham Thu Hang, spokeswoman for the Ministry
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),
