The figure places phones and accessories as Vietnam’s export items with the highest earnings in 2021. Vietnam’s exports of phones and accessories in 2021 earned a record high of US$57.54 billion, representing an increase of 12.4% year-on-year, according to the General Department of Vietnam Customs (GDVC). The figure places phones and accessories as Vietnam’s export […]
Read MoreThe new fund will focus on developing modern and environmentally-friendly logistics facilities in Hanoi and Ho Chi Minh City. The recently established GLP Vietnam Development Partners I (GLP VDP I) with an investment capacity of US$1.1 billion is set to be one of the largest logistics development funds in Southeast Asia (SEA). The fund has received commitments […]
Read MoreHÀ NỘI — The Immigration Department of Việt Nam has announced new policies on easing entry procedures for foreigners and overseas Vietnamese as well as their family members with valid visas or visa exemptions. The move was made in accordance with directions stated by Permanent Deputy Prime Minister Phạm Bình Minh in Government Office Document […]
Read MoreIn business activities, Vietnam is assessed to be competitive in terms of phone costs, labor costs, and operating costs compared to other countries in Asia. TMX, a business transformation consulting firm in Asia Pacific, has released a report providing insights into the average cost of doing business in Asia. The report focuses on assessing the […]
Read MoreEuropeans love their morning coffee – and Vietnam could continue to profit from this habit if domestic exporters make good use of the trade agreement with the EU. However, the competition remains active too, increasing the pressure from markets like Brazil and Southeast Asia, in addition to the seemingly ever-lasting challenges in freight costs. Global […]
Read MoreExtending land rental fees and taxes payment deadlines are among key measures from the Government to support businesses and individuals during the pandemic. The Vietnamese Government in 2021 extended the payment deadlines for VND121 trillion (US$5.3 billion) worth of land rental fees for businesses and individual households affected by the pandemic. By late 2021, the […]
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