Chairwoman of the National Assembly (NA), Nguyễn Thị Kim Ngân, has highlighted the need to promote the independence of the State Audit Office of Việt Nam (SAV) and its auditors, aiming to ensure the transparency of its operations

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 per cent for trades not registered to the Vietnam Securities Depository and not made on the securities market.

The Việt Nam Bank for Industry and Trade (VietinBank) earned a total profit of VNĐ9.2 trillion (US$404 million) in 2017, equivalent to 105 per cent of its annual target.

The southeastern province of Đồng Nai achieved a record trade surplus of US$2.17 billion last year, with the highest recorded in the country, according to the provincial People’s Committee.

HCM City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8- 8.5 per cent against last year, according to HCM City’s Department of Industry and Trade (DoIT).

Việt Nam has become an ideal location to start a business, not only for young overseas Vietnamese people to come back, but also for expats thanks to the country’s strong economic growth in recent years. 

At a conference to review the industry and trade sector in 2017, Prime Minister Nguyễn Xuân Phúc lauded the sector’s accomplishment of reaching US$200 billion export turnover for the first time, the abolishment of 675 business and investment conditions (about half the previous total 1,216 regulations) and the settlement of 12 loss-making projects. 

 Prime Minister Nguyễn Xuân Phúc asked the Ministry of Planning and Investment to offer the Government solutions to boost economic development and turn Việt Nam into a “new tiger” of Asia.

The 2018 Kiên Giang Province investment promotion forum held yesterday was seen as an affirmative undertaking to establish the province’s potential, economic strengths and call for investment.