The Hanoitimes – The amount was part of a total of VND66.86 billion (US$2.91 million) in back taxes and fines that the Ho Chi Minh City Tax Department had asked Uber to pay since September 2017. The Netherlands-based Uber paid in full the entire VND53 billion (US$2.28 million) in back taxes and fines under the request […]
Read MoreThe Hanoitimes – Considering Vietnam’s finance and banking market lucrative, many financial institutions have enlarged their projects in the country based on their sharpened competitiveness in strategic business areas. At a recent meeting with Deputy Prime Minister Vuong Dinh Hue, Yoon Jong-kyoo, chairman and CEO of South Korean’s Kookmin Financial Group, said that his group will […]
Read MoreThe Hanoitimes – While Vietnam has huge potential for e-commerce development, the country’s infrastructure for the industry still lacks synchronization and connectivity. According to Euromonitor, with annual growth rate of 30 percent in the next five years, the Vietnamese e-commerce market will reach US$10 billion in 2020. The country has the ingredients for a thriving e-commerce […]
Read MoreThe Hanoitimes – Foreign investors are stepping up their indirect investments in Vietnam through capital contribution and stake acquisition of local firms instead of making direct investments as in recent years. Reports from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) showed that foreign investors conducted 4,551 transactions to contribute funds and acquire shares […]
Read MoreThe Hanoitimes – Trade costs in developing countries remain high, mainly due to administrative procedures, according to expert of the Global Alliance for Trade Facilitation (GATF) in Vietnam cited by the government portal. Obsolete trade regulations in associated with non-transparent and inefficient administrative procedures placed a burden on economic growth similar to an “invisible tariff” of […]
Read MoreThe Hanoitimes – Vietnam`s retail e-commerce sale is expected to reach US$10 billion by 2020, which is considered a “promising land” for foreign investors, especially those from China, Zing reported. The presence of foreign players in Vietnam’s e-commerce market, including Alibaba, Tencent, JD, heats up competition to gain market share. Vietnam’s retail e-commerce sale is expected […]
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