Việt Nam News

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.

The HCM City consumer market has been stable, with no shortages or resultant unexpected price surges during the Reunification Day and May Day holidays (April 27 to May 1), according to the city Department of Industry and Trade.

Habeco's leaders attributed the negative profits to a decrease in financial revenue caused by lower deposit interest rates, resulting in a 16 per cent decline to nearly VNĐ38 billion.

Multiple companies associated with property developer Vạn Thịnh Phát, whose chairwoman has been sentenced to death for financial fraud, have accumulated a total of VNĐ52.4 trillion (over US$2 billion) in bond debt, with more than 30 per cent of the amount currently overdue for repayment.

A member of Hùng Nhơn Group, Visakan Investment and Biotechnology Development Joint Stock Company (Visakan), on Thursday in the northern province of Bắc Ninh exported its first shipment of veterinary medicine valued at over US$200,000 to a Halal market.

Authorities conducted customs clearance procedures for over 5,300 vehicles, including more than 2,100 vehicles that carried fruits for export.

In the four months, Việt Nam shipped abroad $10.44 billion worth of agricultural products, a year-on-year rise of 32.5 per cent; $5.18 billion of forestry products, up 22.8 per cent; and 2.68 billion of aquatic products, up 4.2 per cent.

Cao Xá Station has been elevated to an international freight station thanks to its convenient position near industrial parks and the centre of Hải Dương City, and around two kilometres from Tiên Kiều Port.

The ministry stated that current preferential import tax rates on raw materials for animal feed are low enough to promote domestic industry growth and decrease reliance on imported materials.

Its profit after tax reached over VNĐ1.1 trillion, up 70 per cent from the same period last year.

About 51,600 new enterprises with a total registered capital of nearly VNĐ508 trillion began operations in the first four months of this year.

Deposit interest rates in Việt Nam, which have plunged since early-2023, are expected to rebound by 50-100 basis points by the end of the year, but that magnitude of increase is not likely to have a major impact on the stock market, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.

Statistics indicate that outstanding margin loans at securities companies are projected to increase by VNĐ23 trillion (US$903.7 million) compared to the end of 2023.

GENTEXH Vietnam, a global exhibition on nonwoven and hygiene fabric products and  technologies, will be held for the first time in Việt Nam next year to provide participants with networking, knowledge sharing and business opportunities.

In the event Vietnam Electricity (EVN) and investors fail to produce a consensus, the prices will be determined by the Ministry of Industry and Trade with consideration given to fair competition for other sources of electricity.

Under a project to develop the province’s border trade by 2025 with a vision to 2030, border trade is envisaged to become an important locomotive for the local economic growth, making An Giang become a key transhipment centre of the Mekong Delta region and the whole country.

A shortage of inland container depots, high logistics costs, and traffic congestion reduce the competitiveness of businesses.

It’s not only in Việt Nam. Air fares are generally high all over the world because prices are the function of demand and supply.