Economy and commerce

IFC commits investment of nearly $1.9bn for Vietnam

The total commitments of the International Finance Corporation (IFC), a member of the World Bank Group, in Vietnam reached nearly US$1.9 billion for the fiscal year 2023, including $520 million earmarked in long-term finance. IFC’s investment and advisory programs addressed core challenges for Vietnam, including ...

EU's Carbon Border Adjustment Mechanism brings both challenges, opportunities

The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) transition period will begin on October 1, 2023, and from 2026 this program is expected to become permanent.According to the mechanism, businesses have to report the amount of greenhouse gases in their imported goods, if this ...

Translated by Hong Son

Bright future for Vietnam’s foreign investment attraction: insiders

Vietnam’s foreign direct investment (FDI) attraction has seen signs of recovery after continuous declines over the past six months, becoming a driving force for the country’s economic growth in the medium and long term, said insiders. It is noteworthy that a lot of localities are ...

Global minimum tax: opportunity for expediting policy reform, int’l integration

The application of the global minimum corporate income tax policy in Vietnam is expected to serve as a catalyst to expedite policy reforms and promote international integration efforts of the country, according to insiders.According to the Ministry of Finance, there are 1,015 foreign direct investment ...

Public investment disbursement helps boost growth of economic sectors: GSO leader

Strong disbursement of public investment, especially from the second quarter of this year, has helped increase demands and promote growth of economic sectors, thus contributing to boosting economic growth in the second quarter and the first half of 2023, said General Director of the General ...

FDI flows into Vietnam forecast to increase in H2: Experts

The flows of foreign direct investment (FDI) into Vietnam are forecast to increase in the second half of the year as the downturn has been improved in recent months, experts have said. The reasons behind the decline include a lack of expansion of big projects, ...

Households in disadvantaged areas eligible for loans up to VND100 million

From August 8, households in disadvantaged areas will be eligible for getting loans up to VND100 million each with an interest rate of 9 percent a year.Deputy Prime Minister Le Minh Khai has just signed the Decision 17/2023/QD-TTg amending and supplementing a number of articles ...

Anh Quan (translator)

Improving FDI quality, quantity crucial for Vietnam: Insiders

Amid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam, requiring great efforts from the Vietnamese Government to fulfil the “dual targets”.According to the Foreign Investment Agency under ...

Vietnam ranks high in digitalisation: research

Companies in Vietnam ranked higher than the global average in taking a strategic, consistent or radical approach to digitalising customer experience and engagement, said Singapore-based financial services group DBS.The research said that about 63% of Vietnamese companies were satisfied that digital transformation was helping them achieve overall profitability, followed ...

Analysts: Vietnam needs to prepare for global minimum corporate tax

Global minimum corporate tax expected to take effect from next January.The global minimum tax rate is a key element of a program to combat tax base erosion and profit shifting, initiated by the Organization for Economic Cooperation and Development (OECD) and now embraced by more ...

Anh Tuyet

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