Vietnam’s GDP growth has shown signs of slowing down, with the growth rate of 7%/year not achieved for many years now. Vietnam faces the risk of falling into the middle-income trap. “Where is Vietnam economically?” is a question raised by the research team of Dr. Tran Tho Dat, former Rector of the National Economics University. […]
Read MoreTotal outstanding loans from banks in the real estate market were estimated at over VND2,280 trillion (US$98.32 billion), up 10.19% against late 2021. The State Bank of Vietnam (SBV) would continue to tighten credit in risky fields, including the real estate and stock market, according to the central bank’s Governor Nguyen Thi Hong. In a […]
Read MoreThis has been the third extension of excise tax compliance due date for local cars since 2020, with an expected amount subject to a tax break of VND20 trillion ($US$863 million). The Government has further extended the excise tax payment deadline for domestically-produced cars until November 20. The move was part of the Government’s decree […]
Read MoreForeign traders and foreign organizations having e-commerce activities in Vietnam must establish representative offices or appoint representatives according to Vietnam’s regulations. This regulation is in the document of the Department of E-commerce and Digital Economy (Ministry of Industry and Trade) to foreign traders and foreign organizations having e-commerce activities in Vietnam about regulations of the […]
Read MoreA surge in the world’s oil price is benefiting oil and gas businesses, but causing difficulties for other producers and pressurising the government’s efforts to rein in inflation. It is forecast oil prices may skyrocket to nearly $110 per barrel at the year’s end if major risks now continue lingering in the global market. By […]
Read MoreEmpowering women workers drives and sustains compliance, increases productivity and profitability, improves dialogue, health and education outcomes for workers and their families. Empowering women will help to build forward better Vietnam’s garment and footwear sectors from the Covid-19 crisis, according to the International Labour Organization (ILO). The result was released after ILO carried out a […]
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