The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Statistics compiled by the Ministry of Industry and Trade (MoIT) indicate that the export turnover of goods to the […]
Read MoreIn long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. […]
Read MoreMonetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic. Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the […]
Read MoreThe Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42 per cent from May ending three consecutive months of gains Businesses blamed the decrease on the global semiconductor crisis and the lack of chips, as well as the impacts of the COVID-19 pandemic and the political situation […]
Read MoreThe Vietnamese dong currency remains remarkably stable while other currencies are sliding against the U.S. dollar. This situation makes foreign exchange rate management increasingly difficult. Foreign exchange rate under pressure. Foreign exchange rate under pressure Only 53 days after a VND200 per dollar hike, the selling price of the greenback on July 4 was adjusted […]
Read MoreThe boom of e-commerce in the rental market space in commercial centres has forced developers to assert their distinct identities. Business strategies including brand and tenant positioning and product diversification are being evaluated as critical success factors for shopping mall developers. The three biggest commercial space developers in Vietnam – Vincom, Lotte, and AEON – […]
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