The purpose of delaying these payments is to help manage cash flows. However, businesses are still required to make full payments to the budget deficit. The Vietnam Chamber of Commerce and Industry (VCCI) has sent out a document to the Ministry of Finance (MoF) offering suggestions on the gathering of responses to the draft decree […]
Read MoreDuring the period, the processing and manufacturing industry saw the most significant IIP drop with 6.9 per cent. The electricity generation and distribution sector followed it with 5.2 per cent and the mining industry with 3.8 per cent. Meanwhile, the water supply, waste-water treatment and management activities recorded an IIP increase of 2.3 per cent. HÀ NỘI — Việt Nam’s index of […]
Read MoreTo promote cooperation and further ease trade transactions, the Cashew nut Association of Cambodia (CAC) has signed a Memorandum of Understanding (MoU) with the Vietnam Cashew Association (Vinacas). The MoU was signed by Uon Siloth, President of the CAC, and Pham Van Cong, President of Vinacas, at Sheraton Saigon Hotel & Towers in Ho Chi […]
Read MoreDigitalising trade promotion activities and the application of information technology are important aspects of the country’s strategy for building a digital government, digital economy, and digital society. Addressing a conference on digital business strategy in the VUCA era (Volatility, uncertainty, complexity, and ambiguity) jointly held by the ministry and the e-commerce platform Alibaba.com on March 1 […]
Read MoreUnited Overseas Bank Limited (UOB) on March 1 announced the completion of the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of approximately 575 Citigroup related staff to UOB Vietnam. The consumer business comprises Citigroup’s unsecured and secured lending portfolios, wealth management and retail deposit businesses. The acquisition in Vietnam follows […]
Read MoreWIth the launch of the World Logistics Passport initiative in Việt Nam, the domestic logistics sector will reap more successes, optimising and sharing the interest of the programme amid extensive international integration. HÀ NỘI — Việt Nam will be an important logistics and trade hub of the World Logistics Passport (WLP) network, given the country’s […]
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