National Assembly adopts Law on Data

Vietnam’s National Assembly (NA) on November 30 officially adopted the Law on Data, expecting to accelerate digital transformation and digital economy development.

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Manufacturing sector remains in growth territory

The S&P Global Vietnam Manufacturing Purchasing Managers' Index remained above the 50 point mark in November for thesecond consecutive month, following the contraction caused by Typhoon Yagi in September.

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Corporate governance vital for responsible investments

Investing in corporate governance is a transformative strategy that has been called crucial as Vietnam aims to transition from a frontier to an emerging market.

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Lawmakers make case for consumption tax additions

The Ministry of Finance’s plan to inflict a special consumption tax on air conditioners and sugary drinks has received mixed responses from many lawmakers and experts.

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Small banks face up to liquidity pressures

As interbank interest rates remain high, increasing liquidity risks for smaller banks, the limited room to further raise deposit rates is adding additional pressure on these institutions.

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Big 3 banking stocks before the capital increase race

Leading the market's capital-raising race are the Big 3 banks, led by Vietcombank (HoSE: VCB), which has received approval from the National Assembly to raise capital.

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Price of neglect: Deep dive into Vietnam’s abandoned mega-projects

The significant issue of abandoned and unfinished mega-projects in Vietnam have resulted in substantial financial losses, wasted resources, and negative social and economic impacts.

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Reducing logistics costs to boost GDP an essential task: PM

Prime Minister Phạm Minh Chính attended the Vietnam Logistics Forum 2024 in the southern province of Bà Rịa-Vũng Tàu Province and said costs must fall and be capped, to help the country achieve double digit growth.

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Foreign investors set sights on Việt Nam's food processing sector

Việt Nam's potential in the agricultural processing sector has caught the eye of foreign investors, particularly from Japan, seeking partnerships and acquisitions.

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Tax sector exceeds revenue target 2024

Currently, the revenue managed by the Tax sector has reached VND1,538,000 billion, exceeding the 2024 estimate. This positive result was said by the leader of the General Department of Taxation at the Finance Forum “Financial policies to promote aggregate demand for economic development”.

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Vietnam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

For the first time, Vietnam is showcasing its OCOP (One Commune, One Product) products at the prestigious AF-L'ARTIGIANO IN FIERA International Handicraft Fair 2024, held in Milan, Italy, from November 30 to December 8.

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Tuna exports poised to hit 1 billion USD this year

Tuna export value is forecast to reach 1 billion USD in 2024, marking an 18% increase compared to last year’s figure and solidifying the product's role as one of Vietnam’s key seafood exports.

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Stimulate production and business, submit to the National Assembly to continue reducing 2% VAT

Reducing value added tax (VAT) has an impact on the decrease of state budget revenue but also stimulates production and promotes business activities, thereby contributing to creating more revenue for the state budget.

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Vietnamese economy predicted to grow 6.6% in 2025: UOB

Singapore-based United Overseas Bank (UOB) anticipates an expansion pace of 6.6 percent for Viet Nam’s economy in 2025 in its recent report released on December 2.

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More volatilities for the global currency markets

Tariff threats from the US and political tensions in France suggest that the rundown to the end of the year could still be a very volatile one for the currency markets.

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Vietnam’s e-commerce affirms pioneering role in digital economy

Vietnam’s e-commerce has maintained an annual growth rate of 18-25 percent in recent years. In 2023, the sector grew by 25 percent, generating a revenue of US$20.5 billion. These results have affirmed its pioneering role in the digital economy.

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Ho Chi Minh City Customs answered over 30 customs procedure questions for businesses

On November 27, Ho Chi Minh City Customs Department coordinated with Ho Chi Minh City Investment and Trade Promotion Center (ITPC) to organize a dialogue conference with over 200 import-export enterprises (IPEs) that regularly carry out procedures through Ho Chi Minh City border gates.

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Accounting oversight to strategic decision-making

Initiatives by the Association of Chartered Certified Accountants (ACCA) and its partners have played a significant role in enhancing green capabilities and knowledge within the accounting and auditing sector. To Quoc Hung, country director at ACCA Vietnam, spoke with VIR’s Hazy Tran about the increasingly pivotal role of accounting and auditing in strategic decision-making.

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