Economy

GSO: Vietnam’s GDP expands 6.41% in nine months

Saturday, 30 September 2017 09:34

GSO: Vietnam’s GDP expands 6.41% in nine months Vietnam’s gross domestic product (GDP) in the first nine months of 2017 grew about 6.41 percent as compared to the same period last year, reported the General Statistics Office (GSO). 
 

PM requires alternatives for Thach Khe iron ore mining

Saturday, 30 September 2017 09:26

PM requires alternatives for Thach Khe iron ore mining Government agencies and the Ha Tinh People’s Committee were assigned by the prime minister to hand in recommendations the Thach Khe iron ore mining project before October 5.
 
 

US tightening anticipated minor impact on inward remittances

Friday, 29 September 2017 09:55

US tightening anticipated minor impact on inward remittances US President Donald Trump’s announcement of tightening control over money outflows from the US, gave rise to concerns over possible impacts on inward remittance flows to Vietnam. Financial expert Huynh Trung Minh scrutinises the issue.
 
 

Mai Linh reports loss of 6,000 employees in first half

Thursday, 28 September 2017 10:36

Mai Linh reports loss of 6,000 employees in first half In the race for market share between traditional taxies and Uber and Grab, along with Vinasun, Mai Linh Group also saw a decrease in employees and net revenue in the first half of this year, according to newswire Vnexpress.
 
 

Uber $2.94 million in tax arrears

Wednesday, 27 September 2017 10:23

Uber $2.94 million in tax arrears Uber BV Netherlands Co., Ltd. (Uber) will have to pay nearly VND67 billion ($2.94 million) in tax arrears, including personal and corporate income tax, withholding tax and value-added tax (VAT), as well as late payment fine, according to newswire Vnexpress.
 
 

Finance Ministry to regulate e-trading

Tuesday, 26 September 2017 10:56

Finance Ministry to regulate e-trading The Ministry of Finance has developed a draft circular that provides a general legal framework on the electronic trading activities at the stock market.
 
 

Business leaders speak out against irrational charges

Monday, 25 September 2017 11:15

Business leaders speak out against irrational charges Leaders of the business community claim that reductions in taxes and fees and the removal of irrational business conditions should be among the key measures for the government to keep enterprises afloat.
 
 

Gov’t regulations still hindering businesses

Saturday, 23 September 2017 09:54

Gov’t regulations still hindering businesses The Government has had many policies encouraging the development of the private sector. But the sector continues to face many Government-created hurdles, including regulations and required licences and certificates.
 
 

Chinese capital flows to Vietnam’s infrastructure projects

Friday, 22 September 2017 09:27

Chinese capital flows to Vietnam’s infrastructure projects The proposed Long Thanh Airport as well as many other huge infrastructure projects are attracting many Chinese investors
 
 

PE’s industrial moment may be here

Thursday, 21 September 2017 10:47

PE’s industrial moment may be here To sustain growth, Vietnam needs to build a strong industrial backbone with the help of foreign investments. Dr Per Stenius, client director at global professional services firm Reddal’s Seoul office, and Giao Le, business analyst at Reddal’s Helsinki office, discuss how private equity investors can seize opportunities in local industry.
 
 

Vietnam’s 127 wish-listed projects fail to attract foreign investors

Wednesday, 20 September 2017 09:28

Vietnam’s 127 wish-listed projects fail to attract foreign investors Many of the 127 wish-listed projects in the fields of infrastructure and industrial manufacturing on offer for more than three years, but have yet to captivate foreign investors due to poor feasibility and planning.
 
 

Vietnam and other countries continue TPP negotiations

Tuesday, 19 September 2017 10:00

Vietnam and other countries continue TPP negotiations Representatives from eleven countries will continue negotiations for the Trans-Pacific Partnership (TPP) in Japan in September.
 
 

Family-run companies struggle to continue business line

Monday, 18 September 2017 10:28

Family-run companies struggle to continue business line   The first generation of entrepreneurs who appeared after doi moi (renovation) in 1986 is now getting older and beginning to worry about the transfer of business to the next generation.
 
 

World Bank and Vietnam to pilot solar power auctions

Saturday, 16 September 2017 09:09

World Bank and Vietnam to pilot solar power auctions In preparation for the coming open energy market in Vietnam, the World Bank and the Ministry of Industry and Trade (MoIT) will implement the pilot programme to auction solar power with the floor price of 9.35 US cent per kWh.
 
 

Vietnamese banks no longer burn for foreign capital

Friday, 15 September 2017 09:40

Vietnamese banks no longer burn for foreign capital After separating from HSBC, Techcombank plans to spare no room for foreign investors, and VP Bank, which has been prospering in the last four years, is no longer eager to seek foreign partners.
 
 

VAT hike expected to bring $3.2 billion more to state budget

Thursday, 14 September 2017 09:15

VAT hike expected to bring $3.2 billion more to state budget Rong Viet Securities estimates that if the new value added tax (VAT) policy is applied from 2019 with the tax rate increasing from 10 percent to 12 percent, the state budget would have VND70 trillion a year more from VAT collections.
 
 

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