vietnam business news

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Cross-border corporate taxation remains a challenge for VN

Though the revised tax administration law passed by the National Assembly takes into account the management of cross-border business, charging taxes on these business activities is not a simple task.

 

Schools, hospitals in Vietnam to go cashless by December

Deputy Prime Minister Vu Duc Dam has set the deadline for all schools and hospitals in urban areas go cashless in the next three months.

 

Vietnam Airlines gets US air carrier permit

The national flag carrier Vietnam Airlines has been awarded a foreign air carrier permit from the US Department of Transportation, according to the fightglobal.com.

 

BUSINESS NEWS 4/9

Vietnam to enhance management of e-commerce activities

No monopoly in stainless steel market: Trade Ministry

The anti-dumping duties imposed on stainless steel has not created a monopoly in the market, said the Ministry of Industry and Trade (MoIT).

 

Japan's Hanwa buys 65% of Vietnamese steel coil plant

Hanwa Co., a Japanese firm trading in a wide range of products including steels and construction materials, has bought a 65-percent stake in a Vietnamese steel coil maker, according to NNA Japan.

 

Vietnamese central bank’s anti-dollarization on right track

Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability.

 

Eco-fuel and plastic bags face sluggish consumption in Vietnam

Traders of E5 biofuel and biodegradable plastics bags are calling for government incentives to encourage the use of such products.

Trade wars, quarterly earnings to keep VN stocks down in September

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.

 

Working hour reduction to create more difficulties: expert

The reduction of working hours from 48 hours per week to 44 hours will create difficulties for textile and garments enterprises, according to one leading expert.

 

Vietnam's GDP revised upwards by massive 25.4% for 2011-2017 period

Vietnam’s total gross domestic product (GDP) may increase by 25.4 per cent per year for 2011-17 period after calculation is revised.

EU enhances inspections on Vietnam’s agricultural products from Sept 1

The European Union (EU) began strict phytosanitary inspections on agricultural imports, including those originating from Vietnam, from September 1, according to the Plant Protection Department.

 

BUSINESS NEWS 3/9

HCM City seeks public-private partnership in infrastructure developmen

 

Vietnam boosts fight against illegal timber products

Accountability will be key for all importers and all wood products. 

VN land market an urgent requirement

The country was urged to complete the land market to meet requirements and ensure development, experts said.

 

Tax authority proposes to erase VND12 trillion irrecoverable debts

The General Department of Taxation (GDT) has proposed to erase VND12 trillion (US$515 million) out of total VND30 trillion irrecoverable tax debts.

 

HCM City to combat laundering in real estate

The Ho Chi Minh City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.

 

BUSINESS NEWS 2/9

Tra fish export continues downward trend

Vietnam's three top travel agencies to equitise soon

Three leading travel agencies in Vietnam, which own a range of luxury hotels, look set to equitise by the end of next year.

 

BUSINESS NEWS 1/9

Vietbuild Hanoi 2019 to open next week