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Vietnam: Electricity sector under thorough inspection

President Vo Van Thuong has confirmed that a comprehensive inspection of the electricity sector will be conducted with utmost seriousness. President Thuong, along with a delegation of National Assembly (NA) deputies from Danang City, met with local voters yesterday, June 28, to discuss the outcomes of the 15th NA’s fifth sitting and address their concerns […]

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Vietnam Q2 GDP growth accelerates, but trade slows

VIETNAM on Thursday (Jun 29) reported faster economic growth in the second quarter, driven by the services sector, despite a slump in exports. Gross domestic product (GDP) in the second quarter grew 4.14 per cent from a year earlier, faster than the 3.28 per cent expansion seen in the first quarter, the General Statistics Office […]

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Vietnam mitigates global minimum tax issues for foreign investors

Vietnamese tax officials are looking at customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises. On June 27, the leadership of the General Department of Taxation (GDT) under the Ministry of Finance engaged in discussions regarding the allocation of resources to assist foreign-invested enterprises (FIEs) affected by the […]

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Vietnam: Credit loosened as interest rates are cut

The decision to cut interest rates took effect earlier last week, as some commercial banks have announced interest rate cuts for both deposits and loans. This is the fourth consecutive interest rate cut since the beginning of the year after three interest rate rises late last year. The move was taken by the State Bank […]

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