The country’s trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the updates of the General Statistics Office. New-generation free trade agreements (FTAs) continue to be a silver lining in Vietnam’s trade growth […]
Read MoreMANILA, Philippines — A wealth tax could fatten the Philippines’ tax haul as the growing number of dollar millionaires exposed the realities of inequality in the country, global nonprofit Oxfam said. Erika Geronimo, executive director of Oxfam Pilipinas, reckoned that the ranks of millionaires in the country have grown by 43.5% since 2012. The statement […]
Read MoreThe General Department of Customs and Excise at the Ministry of Economy and Finance will not increase the value-added tax (VAT) on goods imported, despite acknowledging the loss in customs income due to the implementation of trade pacts. Facing a loss in customs income due to the implementation of FTAs, the GDCE is considering lowering […]
Read MorePETALING JAYA: The easing inflationary pressures will be positive on the consumer sector and lead to better margins ahead, supported by lower raw material costs and the stronger ringgit, says MIDF Research. The research outfit said raw material costs for food manufacturers dipped substantially from the peak in the second quarter of 2022 (2Q22) owing […]
Read MoreLuxury hotel operators are expecting the Chinese market to pick up stronger late this year as there were no notable bookings from the mainland in the first quarter. Ho Ren Yung, senior vice-president of brand and commercial at Banyan Tree Group, said the company has seen an increase in bookings driven by Chinese tourists from February, […]
Read MoreThe Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC. In its recently released survey, Vietnam Report said that after the pandemic is controlled, the Vietnamese retail market saw the speeding up of the application of digital technologies in […]
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