Following the passing of a 350 trillion VND (approximately 15 billion USD) economic recovery package, the Government is considering the implementation of a cut to VAT. As part of the stimulus programme, VAT for applicable goods and services will be cut down to 8 percent in 2022 (down two percent from the current rate), with […]
Read MoreIn 2022, the continued absence of affordable housing will cause the real estate market to be unstable and risky, experts say. The Q4 2021 report by Cho Tot Nha showed that demand for land in all large cities and provinces have rebounded strongly after the pandemic lockdown. Areas near HCM City have seen great strides […]
Read MoreThe regulations on defining a localization ratio for automobile products are out of date, according to experts. The Ministry of Science and Technology (MST) has submitted to the Government a plan on abrogating some legal documents related to the methods of calculating automobile localization ratios and imported car parts. To implement the strategy on developing […]
Read MoreAs the total annual output of vegetables and fruits is 28 million tons, unofficial-quota exports and domestic consumption alone won’t use up this amount. Nguyen Quoc Toan from the Ministry of Agriculture and Rural Development (MARD) said Vietnam can produce 28 million tons of vegetables and fruits a year, while the preliminary processing capacity is […]
Read MoreAssuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022. The Ministry of Industry and Trade (MoIT) expected the country’s exports to expand by 6-8% in 2022 and a positive trade balance to ensure the GDP growth stays in the range of […]
Read MoreOver the past two years, the pandemic has had a strong impact on digital transformation in general and cashless payments in particular. Almost every business operating in the field of e-commerce, digital payment recorded growth in users, partners and revenue. Nguyen Ba Diep, Vice President – and Co-founder of MoMo E-Wallet, told VietNamNet that the […]
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