The Hanoitimes – The agreement, concluded after six years of negotiations, has been dubbed “the most ambitious” FTA the EU has ever reached with a developing country. The EU – Vietnam Free Trade Agreement (EVFTA) is expected to open up unprecedented opportunities for Vietnam and EU as the European Parliament is set to ratify the trade […]
Read MoreThe Hanoitimes – Foreign ownership limit could affect the attraction of foreign direct investment (FDI) in the field of intermediary payment services in particular and fintech in general. After having sought public opinion for the draft decree on non-cash payment, the State Bank of Vietnam (SBV), the country’s central bank, has opted to discard the requirement […]
Read MoreThe Hanoitimes – In January, tax revenue stood at VND166.7 trillion (US$7.17 billion), equivalent to 11% of the year’s plan and up 4.8% year-on-year. Vietnam recorded a state budget surplus of VND47.5 trillion (US$2.04 billion) in January, according to the Ministry of Finance (MoF). In January, state budget revenue collection stood at VND166.7 trillion (US$7.17 billion), […]
Read MoreThe Hanoitimes – Customs clearance of Vietnam’s exports of agricultural products to China, including dragon fruit, via official channels is carried out as usual. The decision of Guangxi Zhuang Autonomous Region in China, and possible of Yunnan province, to extend the closure of border markets and suspend informal cross-border trade until the end of February would […]
Read MoreThe Hanoitimes – The merging would create a stronger firm capable of rivaling regional players such as Lazada and Shopee in Vietnam’s retail market. Vietnam’s two major e-commerce platforms Tiki and Sendo are reportedly holding exploratory talks to merge with each other, according to Deal Street Asia. As of present, both Tiki and Sendo have not […]
Read MoreThe Hanoitimes – A strong decline in bilateral trade turnover was due to the long Lunar New Year break in January and impacts from the outbreak of the new coronavirus (nCoV) in China. Vietnam’s trade turnover with China in January reached US$8.29 billion, down 25.8% month-on-month and 11.8% year-on-year, according to the General Department of Vietnam […]
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