Economic News

Consumption tax proposed as Vietnam struggles to fight plastic bag use

Sat, 16 Nov 2019 16:52:00

Plastic bags should be made more expensive so that people can be dissuaded from using them, a deputy minister has proposed.

MoH proposes cigarette tax hike, e-cigarette ban

Sat, 16 Nov 2019 16:50:00

Plans have been proposed to increase tax on tobacco, ban electronic vapes and tighten online advertising of cigarettes.

Vietnamese businesses suffer longest downtime after security breach: study

Sat, 16 Nov 2019 16:47:00

Forty eight percent of organizations in Vietnam suffer downtime of 17 hours or more after a data breach, the highest ratio in the Asia Pacific region.

Why international investors continue to flock to Vietnam

Sat, 16 Nov 2019 16:43:00

After more than 30 years of adopting an open investment policy, Vietnam has become one of the most successful countries in the region in garnering overseas funding.

Vietnamese companies facing longer downtimes from cyber breaches

Fri, 15 Nov 2019 14:53:00

Organisations in Vietnam are facing longer downtimes from cybersecurity breaches, compared to the regional and global averages, according to Cisco’s 2019 Asia-Pacific CISO Benchmark Study.

National Assembly adopts resolution on 2020 State budget allocation

Fri, 15 Nov 2019 14:51:00

The National Assembly adopted a resolution on State budget allocation in 2020 in the morning of November 14, with 90.48 percent of approval votes

Toyota subsidiary to set up another airbag plant in northern Vietnam

Fri, 15 Nov 2019 14:50:00

Japanese auto parts maker Toyoda Gosei plans to build another airbag plant in Thai Binh Province at a cost of $16.8 million next year.

Food producers urged to make efforts to boost exports

Fri, 15 Nov 2019 14:48:00

Vietnamese food producers need to improve quality, adopt international standards and overcome trade barriers in other countries to boost exports, the Vietnam Food Forum heard in Ho Chi Minh City on November 13.

Oil-fired electricity production to triple as dams go dry

Fri, 15 Nov 2019 14:46:00

Vietnam's oil-fired power generation is set to triple next year as a water shortage threatens production amid rising demand.

Vietnam, Netherlands boost cooperation in agriculture

Fri, 15 Nov 2019 14:41:00

Vietnam and the Netherlands are natural partners in agriculture, especially hi-tech agriculture, since they have complementary strengths, experts told a conference in Ho Chi Minh City on November 14.

Vietjet targets Middle East, Australia with new long-range jets

Fri, 15 Nov 2019 14:39:00

Vietjet Air plans to start flying to the Middle East, Eastern Europe and Australia using the 20 Airbus A321XLR aircraft it has ordered.

EC acknowledges VN’s efforts in preventing illegal fishing

Fri, 15 Nov 2019 14:37:00

Deputy Prime Minister Trinh Dinh Dung on Thursday hosted a reception for the European Commission’s delegation, led by Ms. Veronika Veits - Director for the International Ocean Governance and Sustainable Fisheries.

Tax incentives cost Vietnam over $2 billion a year

Fri, 15 Nov 2019 14:35:00

Vietnam should cut back on its tax incentives, which costs it around VND50 trillion ($2.15 billion) a year, an Oxfam expert says.

Vietnam can help India enter larger markets: official

Fri, 15 Nov 2019 14:34:00

Vietnam can become a gateway for Indian businesses and goods to enter other large markets, according to Do Quoc Hung, head of the Asia-Africa Market Department under the Vietnamese Ministry of Industry and Trade.

Hanoi plans to flush To Lich River with Red River

Fri, 15 Nov 2019 14:32:00

Hanoi is considering using the Red River's waters to flush out polluted sludge from one of its former tributaries, To Lich.

Workshop discusses impacts of global changes on Vietnam marine transport

Fri, 15 Nov 2019 14:30:00

New regulations and development in the global economy will have a strong impact on Vietnamese shipping, a conference held to discuss Vietnam’s Maritime Future heard in Ho Chi Minh City on November 13.