Vietnam’s steel industry is highly dependent on imported input materials, therefore, price hikes in the international market would lead to higher domestic finished products. Domestic steel production and sales in the first four months surged by 38-40% year-on-year, while exports of such products also rose by 68% year-on-year, according to the Vietnam Steel Association (VSA). […]
Read MoreAmid massive difficulties hitting domestic production, Vietnam has continued bringing public debt under its control, ensuring national financial security. The government has recently sent a report on the national budget to the National Assembly (NA), stating that as of late 2020, the economy’s public debt was equivalent to 55.3% of GDP, in which foreign debt […]
Read MoreCounterfeit and poor-quality goods are the biggest obstacle that customers face on online shopping platforms. Mr. Bao, a customer in Ho Chi Minh City, wanted to buy 2XU brand jogging pants. He ordered the pants on a popular e-commerce site for VND350,000 and after receiving the product, he found out that it was fake. On […]
Read MoreImposing tax on the leasing of apartments and business premises is not a new idea, but the method of taxation remains controversial. The HCM City Taxation Agency has released a report on tax management of leased apartments and business premises. The taxation body has proposed a pilot program to tax the lessors of apartments and […]
Read MoreThe Civil Aviation Authority of Vietnam (CAAV) has proposed removal of the cap for airfares on domestic flight routes operated by at least three… The Civil Aviation Authority of Vietnam (CAAV) has proposed the removal of the cap for airfares on domestic flight routes operated by at least three carriers. It made the request in a draft report reviewing […]
Read MoreThe government may want to consider a new fiscal stimulus that would include a more generous assistance package for Covid-19 affected people and businesses, stated the World Bank. Vietnam’s ongoing economic recovery can be negatively affected by the fourth Covid-19 outbreak, started in late April. According to the World Bank, the Covid-19 resurgence has led […]
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