Revenue of 53 information and technology (IT) firms in the Việt Nam’s 50+10 leading IT companies reached VNĐ374.4 trillion (US$16.7 billion) in 2017 and employed around 93,000 people.

Simplified tax and customs procedures would attract more foreign investors to Việt Nam, said South Korean Ambassador Kim Do-huyn at a conference in Hà Nội on September 17.

Vietnamese shares declined on Monday after rising for six consecutive sessions, as large-cap stocks underperformed as investors made sales in pursuit of short-term profits.

The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.

Vietnamese businesses imported nearly 10,000 completely built cars in August, up 50 per cent compared with the previous month, according to the General Department of Vietnam Customs.

State-owned Vietcombank raised interest rates for long-term đồng deposits last week after more than a year of rates remaining unchanged.

Exports from the Czech Republic to Việt Nam surged 580.5 per cent to more than US$45.5 million in July from the previous month, much higher than the monthly average of $7-10 million, according to the Czech Statistical Office.

Hà Nội People’s Committee has approved a 1:500 scale plan of Vibex urban area which covers more than 48.5 hectares in Bắc Từ Liêm District with a population of 7,000.

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities has been causing controversy.