Business

Nigeria’s tax reduction offers opportunities for Vietnamese goods

The Nigeria Customs Service has announced the implementation of a 0% import tax rate and exemption of value-added tax (VAT) on a number of food items imported into Nigeria, including those from Vietnam, according to the Vietnamese Trade Office

Gov’t okays halving registration fee for locally produced cars

Elite members of the Government agreed to reduce the registration fee for domestically produced and assembled cars by half.

HCMC offers support, low-interest loans to businesses

Businesses in HCM City have received support to access favourable loans to bolster production and operation activities, a top official said.

Transport sector plans to reach public investment disbursement rate of 98% this year

The Ministry of Transport plans to disburse 75.824 trillion VND (3.03 billion USD) or 98.5% of the allocated public investment to the ministry this year, according to the Department of Planning and Investment's report.

Total assets of Vietnamese credit institutions rise by 4.97%

Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than 21.07 quadrillion VND, an increase of 4.97% compared to the end of 2023, the State Bank of Vietnam’s latest data show.

Vietnam's rice exports soar

Vietnam’s rice industry is experiencing a golden period, with exports projected to surpass 5 billion USD this year, fueled by robust global demand and stable prices, according to experts.

Petrol prices rise following five consecutive falls

Retail petrol prices have increased since Thursday afternoon following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Growth rebounds in welcome news for Japan's next PM

Japan's economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida's decision to quit.

Real estate inventories remain high: MoC

More than 17,100 apartments and land plots of real estate projects across the country remain on the market in the second quarter of this year, with land plots and houses doubling that of apartments, the Ministry of Construction reported.

Export growth of about 6% set for next year

The Ministry of Industry and Trade is set to increase export turnover by roughly 6%, and maintain a trade surplus of about US$15 billion next year.

Vietnam gains nearly 5.93 million USD from SOE sell-offs

The Government earned over 149 billion VND (5.93 million USD) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said on August 12.

Chinese grapes flood market

Many varieties of grapes from China have recently dominated fruit stalls in Vietnam.

Vietnam coffee prices decline amid market fluctuations

At the beginning of the week, coffee prices continued their downward trend, averaging at 118,400 VND per kilo in the Central Highlands - the largest coffee growing area in the country, according to giacaphe.com.

Sharply rising pig prices benefit livestock businesses

Many Vietnamese livestock firms have earned enormous profits from sharply increasing pig prices.

Special consumption tax on alcoholic beverages could double by 2030: MoF

Economists and industry experts have called for caution before raising Vietnam's special consumption tax on beers and alcoholic beverages, pleading with regulators to consider the long-term effect it may have on the budget.

Companies urged to apply IFRS to take opportunity for international expansion

Companies should apply international financial reporting standards to improve transparency and increase the chances to expand globally, experts have said.

Strategies needed for shrimp sector to meet export target: insiders

Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to create breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.

Techcombank and AWS host talent competition on "Large Language Models”

Techcombank, in collaboration with Amazon Web Services (AWS), has launched the "League of LLMs" competition to foster innovation and enhance AI application skills among the bank's technology talents.

Asian stocks build on gains ahead of US inflation data

Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.