Ten years after the Vietnam-Japan Economic Partnership Agreement entered into force in 2009, with import tariffs removed already, Japanese consumer goods suppliers are looking into bolstering their presence in the Vietnamese market amid local and regional competition. Home appliance trader Awa Co., Ltd. is looking for Japanese suppliers of healthcare and beauty products to complement […]
Read MoreSince credit has been growing slowly because of low demand from businesses, commercial banks have increased the number of consumer loans to ‘liberate’ their plentiful capital. Some commercial banks, especially foreign banks, are offering car loans at interest rates below 10 percent. Woori Bank is lending to fund car purchases at the interest rate of […]
Read MoreProfessor, Doctor Pham The Anh talks on the proposal to reduce 30 per cent of income tax for all Vietnamese amid the pandemic. Do you support the proposal to cut down 30 per cent of income tax for all Vietnamese enterprises by the Board for Private Economic Development Research? Frankly speaking, I don’t support the proposal. I remember […]
Read MoreMany Japanese groups are investing in Vietnamese enterprises instead of setting up their production and business facilities in Vietnam. ENEOS Corporation has spent VND650 billion to acquire 13 million shares of Petrolimex (PLX), the largest petroleum distributor in Vietnam with 60 percent of market share, at the price of VND50,000 per share. The transaction was […]
Read MoreLocal experts have raised concern over the soaring number of businesses going bankrupt due to impacts of the Covid-19 epidemic, which may lead to tremendous damages for the macro economy, said Vietnamplus website, citing a report. According to a survey of Vietnam Report, up to 60% of enterprises saw their revenue in the first half […]
Read MoreWhile foreign investors will see easier access to many sectors, they will be prohibited from some sensitive sectors. The Ministry of Planning and Investment’s Department of Legislation has just proposed the list of the 11 sectors that foreign investors are not allowed to join to the minister for approval. Once the proposal is approved, the draft […]
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