Economy and commerce
Small and medium enterprises (SME)
First trans-Pacific direct shipping line from Hai Phong opens
A Trans-Pacific transshipment service connecting the Hai Phong International Container Terminal (HICT) in northern Vietnam with the west coast of the US and Canada is now officially underway, shortening freight time by eight days.The momentous event affirms HICT’s capacity to berth large mother vessels and ...
S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...
Youth Co:Lab Summit 2019 opens in Hanoi
The second Asia Pacific Youth Co:Lab Summit opened in Hanoi on April 4, attracting the participation of more than 500 delegates, including hundreds of young people, partners and government officials from 20 countries.Co-created in 2017 by UNDP and the Citi Foundation, Youth Co:Lab aims to ...
Ministry proposes lowering CIT for SMEs
The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.The idea was raised in a National Assembly draft resolution which the ministry recently published for comments.The move aims to promote ...
Vietnam faces threat of trade deficit in 2019
Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.Keep reading ...
VNS Reporter
Better links with FDI firms can aid local businesses
Over the past 20 years Việt Nam has embraced trade and successfully integrated into key global value chains. Việt Nam’s gross exports have expanded at an average rate of 18 per cent over the past decade, when overall global trade expanded at just 3.5 per ...
VNS Reporter
Government issues new resolution on improving national competitiveness
The Government on January 1 issued a resolution setting targets for improving the business environment and national competitiveness for 2019 through to 2021. The resolution, No 02/NQ-CP, replaced Resolution 19 which has been implemented for five years. The renumbering of the resolution demonstrated the Government’s priority ...
Southeast Asian IPO proceeds fall by a third in 2018 amid trade war
Proceeds from Southeast Asia’s initial public offerings plunged 34% on the year in 2018, the first decline in two years, as Sino-American trade tensions depressed investor sentiment. But even as Southeast Asian listings lost steam, the region’s fastest-growing economy of Vietnam increased its IPO market presence ...
CPTPP trade deal officially takes effect
The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.The CPTPP will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection ...
Vietnam’s exports more sophisticated: WB
Vietnam’s exports have become more sophisticated with an impressive diversification of exports and increases in higher-value manufacturing exports, according to a recent World Bank report.The report found that manufacturing exports now accounted for about 85 per cent of total exports, up from 65 per cent in ...
