Southeast Asia has become Vietnam’s biggest iron and steel importer, making up 57.6 percent of the country’s total export volume in the sector, statistics show. In the first eight months of this year, Vietnam’s export of iron and steel increased nearly 41 percent in volume against the same period last year to reach 4.05 million […]
Read MoreThe Hanoitimes – Some regulations on privatization of state-owned enterprises (SOEs) are causing difficulties for the businesses to find strategic investors in their state divestment, industry insiders said. Under Decree No. 126/2017/ND-CP, which took effect early this year, to take part in buying shares of privatized SOEs, the deposit required for strategic investors increase from 10 […]
Read MoreThe Hanoitimes – Viet Dragon Securities Corporation (VDSC) estimated that Vietnam`s headline inflation will rise by 4.1-4.2% year-on-year in 2018. The environmental protection tax (EPT)’s upward adjustment is estimated to add VND15.7 trillion (US$673 million) to public revenue every year, equivalent to 1.5% of total revenue from taxes and fees, stated a report by VDSC. On […]
Read MoreThe Hanoitimes – Vietnam will no longer grant investment certificate for projects using outdated technologies, which potentially pose negative impacts on the environment. Vietnam gives priority to attracting high-quality foreign direct investment (FDI), focusing on environmentally friendly projects with cutting-edge technologies in the Fourth Industrial Revolution, stated Minister of Planning and Investment Nguyen Chi Dung. More […]
Read MoreThe Hanoitimes – Competition in the country’s credit card market has become stiffer as more big players join large domestic banks and finance companies in the race to gain shares in the potential market. Last week, South Korea’s Lotte Card officially took part in the Vietnamese card market after receiving a license from the State Bank […]
Read MoreThe Hanoitimes – With a growth rate of 14% year-on-year, it is estimated that exports of vegetables and fruits could reach US$4 billion by the end of 2018, Tien Phong newspaper reported. Export turnover of Vietnam’s fruits and vegetables in the first eight months of 2018 stood at a record high of US$2.7 billion, up 14.1% […]
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