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Vietnam: Online transactions to be paid via banks compulsorily

The Hanoitimes – E-commerce transactions will be required to make payment via banks or authorized payment intermediary services compulsorily. It was drafted in the amended Law on Tax Management, which has recently released by the Ministry of Finance (MoF) for recommendation. According to the ministry, the proposal aims to better manage and collect taxes on e-commerce, […]

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Vietnam: Fuel price as main driver to the CPI hike in April

The Hanoitimes – Vietnam’s consumer price index (CPI) in April moved 0.08% against last month, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29. Six among 11 commodity groups witnessed price increase in April. Among those, transportation lead the rank with 1.18% increase in prices, which is […]

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Vietnam start-ups need more investment capital

The Hanoitimes – Investment capital into innovative start-ups in Vietnam has remained limited compared to the region and the world though the value has increased in recent years, experts said. According to a Topica Founder Institute report, US$291 million was poured into Vietnamese start-ups last year, a year-on-year increase of 42 per cent. Meanwhile, the Southeast […]

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Vietnam: Government invites foreign investment in transport project

The Hanoitimes – Deputy Transport Minister Nguyen Ngoc Dong has pledged to create the most favorable conditions for calling international investment capital in the eastern North-South expressway. Dong said during a recent seminar co-hosted by the Ministry of Transport (MoT) and the World Bank to acquire experts’ experience in public-private partnership (PPP) investment model before launching […]

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Vietnam drafts FDI attraction strategy in new stage

The Hanoitimes – Vietnam’s FDI attraction strategy in the next decade will shift from profit-based incentives to efficiency-based incentives in a move to maximize the spillover effects and added value of the investment source. It was drafted in the country’s new-generation FDI attraction strategy for 2018-2030, which was compiled by Ministry of Planning and Investment with […]

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Vietnam firms team up with Asia-Pacific partners for stronger growth

The Hanoitimes – The cooperation with Asia-Pacific businesses will help Vietnamese firms better penetrate into big markets and gain stronger growth, Doan Duy Khuong, according to Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI). Khuong said during a conference on strengthening the connection and partnership between Vietnam’s firms and members of the Confederation […]

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