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Vietnamese show greater satisfaction with public services: PAPI report

The Hanoitimes – In 2018, fewer citizens said they need bribes for state employment, public health care, primary education, or construction permits, continuing the steady decline seen in 2017. Corruption control in Vietnam public sector improved remarkably: PAPI 2017 An annual report has shown general improvement in provincial and local government governance in Vietnam, with Vietnamese […]

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Vietnamese companies urged to go to Southeast Asian markets

VIETNAMESE companies should further invest in and trade with Asean member countries like Myanmar, Thailand, Laos, and Cambodia, a forum heard in Ho Chi Minh City on Thursday. Vietnam Chamber of Commerce and Industry (VCCI) vice-president Vo Tan Thanh told the Southeast Asia Outbound Investment Forum: “Thailand is Vietnam’s largest trading partner among Asean countries, […]

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Experts propose higher foreign holding in Vietnamese banks

The Hanoitimes – As for poorly-performing banks, prestigious foreign banks should be permitted to buy up to 100 per cent of the banks’ charter capital. The Vietnamese government should increase the foreign ownership ratio in local banks to facilitate the institutions to lure luring capital and governance experiences from prestigious foreign banks, experts proposed. Under a […]

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Vietnam’s manufacturing sector grows for 40th successive month

The Hanoitimes – Vietnamese firms have weathered the recent slowdown in global trade and were able to continue to secure greater new order volumes and expand production. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) – a composite single-figure indicator of manufacturing performance – posted 51.9 in March, up from 51.2 in February and signaling […]

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Vietnam ministry proposes 5% cut of tax income for SMEs

The Hanoitimes – The finance ministry`s proposal is part of the government’s efforts to encourage business households to formalize and become enterprises. Vietnam’s Ministry of Finance (MoF) has proposed to reduce the corporate tax income (CIT) rate from the current 20% to 15 – 17% for small and medium enterprises (SMEs) in a move to buttress […]

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