Economy and commerce
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 ...
How Will Foreign Investment Change Vietnam’s Economy?
Vietnam’s cheap workers might not be the country’s stars for much longer: low wages helped to propel the communist nation to some of the fastest growth rates in the world, but analysts say it needs a new economic model now.Keep reading ...
Ha Nguyen
Strategy sought for private sector development
Vietnam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest.Keep reading ...
VNA Reporter
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
Vietnam to create favourable conditions for private firms
Việt Nam will continue to hasten efforts to improve the business climate in terms of quality to create favourable conditions for the private sector to play its role as a driver in promoting rapid and sustainable economic growth.Keep reading ...
VNS Reporter
Foreign firms in Vietnam face skilled workforce shortage amid FDI wave
Vietnam’s demand for highly-skilled workers will continue growing steadily in the wake of increasing foreign investment inflow, causing a severe shortage of highly-qualified human resources in the time to come, expert have warned.Keep reading ...
Minh Tam
Vietnam opens up pharma import market for foreign businesses
It is now easier for foreign companies to join the Vietnamese pharmaceutical market, buoyed by recently-loosened business conditions regarding drug registration and imports.Keep reading ...
Minh Tam
Assigned nearly VND 9,000 billion of medium-term investment plans for important railway and road projects
The Prime Minister has just signed Decision 135 / QD-TTg on the allocation of medium-term investment plans for the period 2016-2020 and 2019 central budget capital (Government bonds) for railway and road projects that are important and urgent. Keep reading ...
Foreign and private investors invest more than $ 11.5 billion in electricity
As of 2017, about 9.8 GW of foreign invested thermal power plants and 3.4 GW of small hydro and other renewable energy (wind, solar power) are privately owned. domestic investment, corresponding to about 8.5 billion dollars from international investment in thermal power and about 3 ...
