Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law
Wed, 18 Dec 2024 10:40:00
The Ministry of Finance has just completed the proposal to draft the Personal Income Tax Law (PIT) and officially solicited public comments. By amending and supplementing nearly 90% of the total number of articles of the current PIT Law, the Ministry of Finance has submitted to the Government for permission to propose the draft PIT Law to replace the PIT policy system. The project is expected to be approved by the National Assembly in May 2026.
The wood industry seizes opportunities amid changes in the export market
Wed, 18 Dec 2024 10:40:00
According to Mr. Đỗ Xuân Lập (pictured), Chairman of the Vietnam Timber and Forest Products Association, changes in policies in the United States and globally have also opened up significant opportunities for Vietnam's wood industry.
PM urges stronger measures to manage interest rates
Wed, 18 Dec 2024 10:15:00
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
Creating an export identity for Vietnamese tea
Wed, 18 Dec 2024 10:15:00
According to the Vietnam Tea Association, Vietnam is currently the fifth largest tea producer and exporter in the world. However, Vietnam’s average tea export price is only 65% of the leading tea-exporting countries’ average price and 55% of that of India and Sri Lanka. Therefore, improving product quality to create a new export identity is a challenge for Vietnam’s tea industry.
Agro-forestry-fisheries exports top 62 billion USD in 2024
Wed, 18 Dec 2024 10:15:00
Vietnam’s agro-forestry-fisheries exports are projected to reach over 62 billion USD in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16.
Vietnam's e-commerce boom: a 5.8 bln USD opportunity by 2028
Tue, 17 Dec 2024 22:07:00
Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at 145.2 trillion VND (5.8 billion USD) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.
Tech Giants Bet Big on Vietnam's Future
Tue, 17 Dec 2024 22:05:00
As global tech giants like NVIDIA and Google mark their strategic expansion in Vietnam, the country is embracing a technological transformation that could reshape its economic landscape and innovation ecosystem.
Opportunities to Expand Vietnam-US Semiconductor Cooperation
Tue, 17 Dec 2024 22:05:00
Prime Minister Pham Minh Chinh called on leading US semiconductor firms to invest in semiconductors, artificial intelligence (AI) and cloud computing in the spirit of “harmonized benefits and shared risks.”
Enterprises face difficulties in tax refunds due to partners closing
Tue, 17 Dec 2024 21:54:00
On December 13, at a dialogue conference on tax and customs policies and administrative procedures organized by the Ministry of Finance in coordination with the Vietnam Chamber of Commerce and Industry (VCCI), enterprises proposed solutions to many problems related to tax policies such as VAT refunds, tax declaration procedures, electronic invoices, etc.
Cuban President Miguel Díaz-Canel reaffirmes support for Vietnamese investors in Cuba
Tue, 17 Dec 2024 21:54:00
Cuban President Miguel Díaz-Canel has reaffirmed his commitment to welcoming and supporting Vietnamese investors, while receiving Nguyen Van Tuan, General Director of the GELEX Group and Chairman of the Board of Viglacera Corporation, in Havana recently.
Market signals point to new openings for investment
Tue, 17 Dec 2024 21:48:00
Vietnam’s corporate and consumer confidence is increasing. Dang Thuy Ha, director of Consumer & Marketing Insights at NielsenIQ Vietnam, assesses the likely trajectory of 2025 with VIR’s Tra My.
Vietnam seizes opportunities amid global trade shifts
Tue, 17 Dec 2024 21:48:00
Vietnam is navigating the shifting currents of global trade and seeking to sustain its economic growth. Barry Weisblatt, head of research at VNDirect Securities, spoke with VIR’s Khanh Linh about the strategic avenues the country must explore to capitalise on its potential.
Hanoi seeks greater efficiency in e-commerce tax management
Tue, 17 Dec 2024 21:10:00
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.
VN-Index might continue its upward sideways trend
Tue, 17 Dec 2024 21:10:00
VN-Index is in a sideways up accumulation trend. Trading with thin profit margins continues to be recommended until the new trend is confirmed.
Viet Nam's semiconductor industry revenue estimated at over US$18 billion in 2024
Tue, 17 Dec 2024 21:04:00
Viet Nam's semiconductor industry revenue is estimated at US$18.23 billion in 2024, a year-on-year increase of 11.5 percent, according to Minister of Information and Communication Nguyen Manh Hung.
Over 500 luxury brands offer huge discounts at 2024 City Sale
Tue, 17 Dec 2024 21:04:00
More than 500 luxury brands will offer huge discounts in the second phase of “CITY SALE 2024” - a programme aimed at boosting the sale of branded goods – in Ho Chi Minh City from December 18, 2024 to January 1, 2025, heard a press conference on December 16.
Can Tho attracts non-state investment
Tue, 17 Dec 2024 20:49:00
Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.
Clear regulations still required for crypto
Tue, 17 Dec 2024 10:57:00
Bitcoin and cryptocurrency transactions are becoming common in Vietnam, yet legal frameworks have not kept pace.
