Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

Value reduction in high-tax rate goods causes customs revenue collection to face difficulties

Although Vietnam’s goods import-export activities are maintaining and continuing positive recovery momentum after Covid-19 pandemic by increasing both in value and turnover, but customs revenue decreases by 13%. The reason is the impact of the Covid-19 pandemic on the business production, import-export activities of enterprises. Particularly, many high-tax rate goods fell sharply such as petroleum products, iron and steel, leading to budget revenues of many provincial and municipal customs departments failingto reach the target.

Thu, Oct 22, 2020, 23:33:00

Quang Binh suffers worst flooding in 41 years

As central Vietnam remains bombarded by heavy downpours the past two weeks, Quang Binh Province has seen flooding eclipse 1979 records by nearly a meter.

Thu, Oct 22, 2020, 23:29:00

Japan to import US$20 billion worth of Vietnamese goods in 2020

Two-way trade between Vietnam and Japan is anticipated to reach a figure of US$40.7 billion by the end of the year, of which Vietnamese goods exported to the Japanese market are expected to reach approximately US$20 billion, according to data compiled by the Ministry of Industry and Trade (MoIT).

Thu, Oct 22, 2020, 23:26:00

Government to make hike in public spending

The government plans to increase public spending by 37.5 percent in the next five-year period, prioritizing infrastructure and energy.

Thu, Oct 22, 2020, 23:24:00

Vietnam’s coastline urgently needs new resilience development strategy

The coastline of Vietnam is increasingly exposed to natural disasters, resulting in significant human and economic losses, but current risk management measures prove inadequate, according to a new report by the World Bank.

Thu, Oct 22, 2020, 23:23:00

UN among Viet Nam’s foreign policy priorities, PM says

Prime Minister Nguyen Xuan Phuc said the United Nations (UN) has always been one of the top priorities in Viet Nam’s foreign policy.

Thu, Oct 22, 2020, 23:21:00

Businesses seek to penetrate deep into German market

Local businesses have been advised to improve the quality of their products in an effort to secure a firm foothold within the German market.

Thu, Oct 22, 2020, 23:16:00

Nation racks up trade surplus of US$17.3 billion by mid-October

Vietnam recorded a trade surplus totaling US$17.3 billion by mid-October, with import-export turnover during the first half of October reaching approximately US$25 billion, according to statistics released by the General Department of Vietnam Customs.