Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

Global minimum tax and proactive steps

Applying a global minimum tax brings many opportunities as well as challenges for Vietnam. While the required time to apply the global minimum tax rule is very short, it requires very urgent and common-sense solutions for institutional building, for a favorable business and investment environment in the spirit of "harmonious benefits, shared risks" as committed to by the Vietnamese Government.

Mon, May 08, 2023, 14:03:00

Fiscal policy helps economic recovery and development

Continuing to implement fiscal policy solutions to support economic recovery and development, in 2023, the Ministry of Finance has been advising on mechanisms and policies to support people and businesses. In the context of difficulties surrounding the economy, this is considered a driving force to help businesses have more strength to overcome difficulties, recover and develop.

Mon, May 08, 2023, 14:03:00

Major gap between domestic, international standards

The National Standardisation Strategy for 2030 has set a target of raising Vietnam’s harmonisation ratio with international, regional and foreign standards to at least 65% by 2025 and 75% by 2030.

Mon, May 08, 2023, 14:03:00

The special preferential import tariff for the implementation of the RCEP Agreement includes 11,414 tariff lines

Vietnam is not under much pressure on the level of market opening when implementing the ASEAN Regional Comprehensive Economic Partnership (RCEP), the implementation of commitments under the RCEP framework basically does not create pressure on Vietnam's import tax reduction.

Mon, May 08, 2023, 14:03:00

Vietnam should prepare for global minimum tax

Ms. Nguyen Thy Nga, Director of the Institute of Policy and Strategy Administration under the Vietnam Union of Science and Technology Associations, said that the Prime Minister's special working group on the global minimum tax rate should soon conduct an impact assessment and research and build develop a domestic legal framework related to the application of a global minimum tax to ensure that preferential policies for foreign investors in Vietnam are effectively implemented.

Mon, May 08, 2023, 14:03:00

Housing supply expected to increase in the future with new credit package

This credit package is carried out by four State-owned commercial banks, Vietcombank, Agribank, BIDV and VietinBank, with annual interest rates from 8.2 to 8.7 per cent. This programme has been implemented since April 1, 2023.

Mon, May 08, 2023, 13:42:00

Will gold’s bearish reversal continue?

Analysts believe that concerns about credit conditions and the debt limit dispute will maintain gold prices at historically high levels for the foreseeable future.

Mon, May 08, 2023, 13:42:00

Seafood exports find direction in difficulties

In the context that seafood exports (exports) are falling deeply due to the decrease in orders of enterprises in many major markets, seafood enterprises must always be in the mood to find new directions for development.