Business

Corporate income tax rates for small and medium-sized enterprises (SMEs) will fall to 17 per cent from the current 20 per cent under a draft plan from Ministry of Finance (MoF) aimed at easing difficulties facing enterprises.

Leaders of the southern province of Dong Nai have asked for the Government’s permission to use 1 trillion VND (44.76 million USD) from the State Capital Investment Corporation (SCIC) to build two resettlement areas.

The Vietnam Ministry of Industry and Trade (MoIT) has announced it will sponsor a series of public workshops addressing new laws and regulations governing Vietnam and Laos cross border trade.

Authorities of the northern city of Ha Long have suspended a golf course project which has resulted in a mud overflowing into local houses after heavy rain on Wednesday.

Emirates Airline has officially launched a daily service from Dubai to Hanoi after its Boeing 777-300ER coded EK 388 landed for the first time at Noi Bai International airport on August 3.

The State Bank of Vietnam (SBV) said on August 4 it has agreed in principle to allow Woori Bank headquartered out of the Republic of Korea (RoK) to open a wholly owned unit in the country.

The Van Thinh Phat Investment Group (VTP Group) on August 3 signed an investment cooperation agreement with Malaysian investors Pavilion Group and Genting Group to develop a park and housing complex in Ho Chi Minh City.

Ho Chi Minh City’s leaders and newly-elected lawmakers began a three-day session of the People’s Council to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.

Chairman of the Vietnam Association of Foreign Invested Enterprises, Nguyen Mai has said that Vietnam should stop calling investments for cement, steel and oil refinery projects due to their environmental pollution and ineffective business.

The National Wage Council has agreed on a 7.3% increase to the minimum wage in 2017 and will submit the proposal to Prime Minister Nguyen Xuan Phuc for approval.

Foreign investors have delayed or cancelled multi-billion-dollar oil refinery projects in Vietnam partially due to the concern of the slump in global oil prices.

Deputy Prime Minister Truong Hoa Binh signed a decision to inspect the recent state-owned mobile network operator MobiFone's acquisition of Audio Visual Global JSC following complaints by MobiFone's employees.

The State Bank of Vietnam has written to banks, credit institutions and financial organisations, warning them against hackers a day after the websites of Nội Bài and Tân Sơn Nhất airports and Vietnam Airlines were hacked.

The Dai Nam Joint Stock Company has wrapped up preparations for opening a horse racecourse at the Dai Nam Tourism Park in southern Binh Duong province.

Prime Minister Nguyen Xuan Phuc has ratified the Vietnam Coffee and Cocoa Association (VCCA)’s proposal to co-ordinate with relevant ministries, agencies and localities to organise the Vietnam Coffee Day Festival as suggested by the association.

Vietnamese goods have yet to be made widely available in the ASEAN Community, despite its establishment seven months ago.

Around 200 seafood exporters and processors from Vietnam and 14 foreign countries and territories will gather at the biggest event of the industry - the 2016 Vietnam Fisheries International Exhibition (Vietfish 2016) - being held at the Saigon Exhibition

Expansion of the nation’s gross domestic product has slowed to 5.52% in the first half of 2016 hurt by a crippling drought linked to the El Nino weather phenomenon, says the General Statistics Office.

A proposal from the Vietnamese Ministry of Transport to borrow USD300 million from a Chinese bank to build the Van Don-Mong Cai Expressway is facing strong opposition from local economic experts and the public.