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Vietnam prioritises ties with Laos: PM

HANOI (Vietnam News) — Vietnam always gives top priority to special solidarity with Laos, Prime Minister Nguyen Xuan Phuc told Lao Foreign Minister Saleumxay Kommasith during their meeting in Hanoi on Wednesday. Mr Saleumxay is in Vietnam for the annual consultation between the foreign ministries of the countries.  Prime Minister Phuc said such consultations have […]

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Vietnam in top 10 Best Performing Nation Brands

The Hanoitimes – The nation brand of Vietnam is valued at 203 billion USD, up 5 places compared to the its rank in 2016. Meanwhile, the country is the 5th in the top 10 best performing nation brand, according to the annual report on the World’s most valuable nation brands of Brand Finance. Brand Finance, an […]

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Vietnam: Product origin info to be enhanced

HANOI — The General Department of Customs has ordered the management of origin and labels of imported products to be enhanced. The move comes in the wake of a probe into Khaisilk’s trade fraud of selling “Made-in-China” products under the Vietnamese brand, which caused a stir. Accordingly, customs departments across the country must enhance their […]

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Thailand: Shopping tax break runs Nov 11-Dec 3

The Revenue Department estimates that 22.5 billion baht worth of shopping tax breaks will be claimed this year, costing the government 2 billion in revenue while spurring 10 billion baht in spending. Individual taxpayers deducted 15 billion baht worth of shopping in 2016 when a similar tax incentive was introduced for 18 days, costing the […]

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Philippines: IMF urges checks to prevent overheating

MANILA, Philippines — The International Monetary Fund (IMF) said monetary and fiscal authorities should act swiftly to prevent the Philippine economy from overheating amid rapid growth and low inflation. “The combination of high credit growth, buoyant private investment, and fiscal expansion without tax reform could lead to overheating of the economy,” it said. Overheating occurs […]

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