Business

Vietnam and the European Union have agreed that the Timber Legality Assurance System of Vietnam (VNTLAS) will be applied to wood and wood products exported to the EU, and also to other countries, as well as the domestic market.

Vietnam is forecast to use up a quarter of the state budget for debt repayments in 2016 and this rate may reach a record high between 2022 and 2025, said a local economist.

The 26th Vietnam International Trade Fair (Vietnam Expo) opened yesterday in Hanoi with an aim of enhancing regional and international economic connectivity.

By the end of 2015, the amount of deposited money by Vietnamese nationals in foreign banks reached USD7.3bn, according to the report by the Vietnam Institute for Economic and Policy Research.

Low-cost carrier Vietjet Air will commence operating new routes from Ho Chi Minh City to Tainan (Chinese Taipei) and Kuala Lumpur (Malaysia) from this June.

The Vietnam National Administration of Tourism is seeking government approval to extend visa exemptions for Western European tourists.

The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

The Vietnam Report has announced the 2016 list of top 500 fastest growing and most prospective enterprises in Vietnam.

The construction of the first phase of the $4 billion South Hoi An integrated casino resort will start on April 23.

A ban on Mango shipments from Vietnam to Australia is to be lifted, according to a post by the Chinhphu online newspaper.

Remittances to HCM City in the first quarter of this year is estimated to have reached 1.15 billion USD, up 250 million USD against last month.

Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

Vietnamese start-ups need consultancy supports on tax policies, legal, finance and accounting, as well as training courses to help them become professional entrepreneurs.

The US has decided to continue applying anti-dumping duties on imports of polyethylene (PE) retail carrier bags from Vietnam and some other countries.

Three Vietnamese women have been named on US business magazine Forbes' list of Asia's 50 Power Businesswomen 2016.

The Vietnamese Government will continue to tighten cooperation with the World Bank, especially in coping with climate change and saltwater intrusion, improving public administration and investment climate, and fighting corruption.

The first 100 hi-tech and environmentally-friendly Renault-branded electric cars will arrive in Vietnam in June.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) has requested the State Bank of Việt Nam to revise existing regulations to let them access short-term foreign currency loans.

Cars offering taxi services on technology platforms like GrabTaxi and Uber must put signs reading “TAXI E” [E for "electronic"] on their roofs, the Directorate for Roads of Vietnam has proposed.