Việt Nam News

The Ministry of Finance is proposing to levy a special consumption tax of 10 per cent on sweet drinks to combat child - and adult - obesity rates, a problem worrying  Government and health experts. However, many business people disagree with the proposal.

Several listed companies on the two national stock exchanges have been punished for tax-related violations.They have paid penalties of  up to several million US dollars due to an alleged lack of understanding of the regulations.

Khải Đức Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading.

The International Finance Corporation, a member of the World Bank Group, on Tuesday announced it will provide a loan worth US$15.3 million to DNP Water to expand the use of clean water among households in urban areas.

Vietnamese enterprises, regardless of size, should use enterprise resource planning (ERP) solutions to optimise their resources and improve their efficiency, a seminar organised by the Handicraft and Wood Industry Association of HCM City heard on January 9.

Prime Minister Nguyễn Xuân Phúc yesterday required the State Bank of Việt Nam (SBV) to enhance inspection and supervision to ensure the safety of the banking system and increase the confidence of people in the system in 2018.

The maritime transport sector achieved positive growth last year, but the international logistics industry faced many challenges, according to the Việt Nam Maritime Administration (Vinamarine).

Vietnamese shares advanced for a second session on Tuesday as investors remained upbeat over the firms that are expected to deliver good results in the earnings season.

The State Bank of Việt Nam (SBV) has announced it will not be printing small currency notes for Tết (the Lunar New Year) this time too, the sixth straight year it has desisted from doing so.

Việt Nam Posts and Telecommunications Group (VNPT) signed a memorandum of understanding with Hà Giang Province People’s Committee to support the northernmost mountainous province to develop into a smart city.

G-bonds worth VNĐ159.9 trillion (US$7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.

Foreign investors will be allowed to establish companies providing logistics services following Decree 163, which will take effect on February 20.

Minister of Industry and Trade Trần Tuấn Anh has approved a plan to develop Việt Nam’s maritime industry and trade until 2025, with a vision until 2035.

The Department of Asia-Africa Markets under the Ministry of Industry and Trade has encouraged local businesses to promote trade with their Middle East counterparts.

The Đức Giang Corporation (Dugarco), one of Việt Nam's leading garment enterprises, aims to earn VNĐ3.3 trillion (US$144 billion) in revenue and VNĐ48 billion in profit this year.

The State Bank of Việt Nam will not issue new banknotes with denominations lower than VNĐ5,000 (22 US cents) for Tết (Lunar New Year) to cut costs.

 Consumer lending in 2017 surged sharply by 65 per cent compared to 50.2 per cent in 2016, according to estimates of the National Financial Supervisory Commission (NFSC).

Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.