Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

Increasing purchasing power to restore production

During the recent Lunar New Year (Tet) 2024, although the purchasing power increased as usual, it has been noted that the increase only occurred in the few days ahead of Tet, and the increase was much lower than during the same period last year as well as the years prior to the COVID-19 pandemic.

Wed, Mar 20, 2024, 13:14:00

Strategic choice ahead for virtual asset management

Any decision to recognise, ban, or regulate virtual assets could create conflicts of interest between traditional investors and those pursuing the digital economy sector, a conference on the issue has heard.

Wed, Mar 20, 2024, 13:14:00

Victory Giant Technology to invest 800 million USD in circuit board plant in Bac Ninh

China-based company Victory Giant Technology (HuiZhou) Co., Ltd, recently decided to invest 800 million USD in a factory producing circuit boards at VSIP Bac Ninh II Industrial Park.

Wed, Mar 20, 2024, 13:14:00

Ho Chi Minh City Customs proposed to reduce VAT

Ho Chi Minh City Customs Department proposed that the Ministry of Finance advise the Government to apply a reduction in the Value Added Tax (VAT) rate of 2% for all groups of goods and services which currently subject to the 10% VAT rate, uniform at the stages of import, production and consumption.

Wed, Mar 20, 2024, 09:06:00

EXIM to finance $500 million in green exports from US to Vietnam

Export-Import Bank of the United States (EXIM) and Vietnam Development Bank (VDB) have signed a $500 million MoU to facilitate the financing of US exports to Vietnam.

Wed, Mar 20, 2024, 09:03:00

Credit and access to credit: A problem for banks and businesses

Since the beginning of the year until now, the Prime Minister, the Government and the State Bank (SBV) have continuously issued instructions to promote credit, but the situation of banks having excess cash and businesses lacking capital is still a concern of the economy.

Wed, Mar 20, 2024, 08:38:00

PM Pham Minh Chinh hosts new Ambassadors of RoK, Laos

On March 19, Prime Minister Pham Minh Chinh received the new Ambassador of the Republic of Korea (RoK) and Laos who have just commenced their tenures in Vietnam, affirming the Vietnamese Government’s commitment to supporting them in fulfilling duties.

Wed, Mar 20, 2024, 08:29:00