Việt Nam News

Vecom forecasts Việt Nam’s e-commerce market will increase by 25 per cent to US$20 billion by year end.

GDT would urge and speed up the implementation of electronic invoices with the tax agency's code initiated from cash registers nationwide in the coming time, said Phạm Quang Toàn, head of the GDT's IT Department.

The US remained the largest importer of Vietnamese goods, net importing around $24.4 billion in the period.

According to the Ministry of Finance, if VAT is reduced by 2 per cent for all goods and services within six months, the total tax reduction will be about VNĐ35 trillion (US$1.5 billion) in support of people and businesses to overcome difficult times.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) opened the first trading session after a long holiday on a negative note.

The average electricity retail price was raised from VNĐ1,864.44 per kWh to VNĐ1,920.37 (excluding value-added tax), starting from Monday, which provided the basis to increase the retail prices of electricity for daily life and production.

Listing plans of most companies are being slowed down in the context of unfavourable market movements and poor business performances, some even withdrawing their listing documents.

VNDirect Securities Corporation said that the profit of the whole market decreased slightly by 2.6 per cent year-on-year.

The PCI, the result of a long-standing collaborative effort between Việt Nam Chamber of Commerce and Industry and the US Agency for International Development, is designed to assess provincial economic governance, the ease of doing business, and administrative reform efforts by provincial governments in Việt Nam to boost private sector development.

With total spending of 5.7 per cent of GDP on infrastructure, Việt Nam has taken the lead in Asia in this regard.

Phạm Tuấn Anh, deputy director of the Department of Industry under the Ministry of Industry and Trade, told the Vietnam News Agency reporter about solutions to promote Việt Nam's supporting industry.

Việt Nam spent over US$21.12 billion in 2022 to import mobile phone and components or a decrease of 1.61 per cent over the same period  2021, accounting for 5.89 per cent of the country’s total import turnover.

According to Mercantile Exchange of Việt Nam (MXV), Robusta averaged US$2,564 per tonne as of April 24 on ICE Futures Europe, the highest level since the end of May which increased by nearly 40 per cent compared to the beginning of this year.

With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

Container shipping in Việt Nam and Cambodia had the lowest port turnaround times in ASEAN in June 2022 with both countries scoring averages of 0.9 days, according to the World Bank (WB)’s report.

The top online travel agents (OTAs) in Q1 are international brands in the travel sector, such as Traveloka, Booking.com, Agoda, Expedia and Trip.com. There are no domestic OTAs platforms among the top choices of Vietnamese travellers.

Hồ Chí Minh City’s GRDP reached VNĐ360 trillion ($15.4 billion) in the first quarter, up 0.7 per cent year-on-year, but the growth was lower than the national average.

The province, known as the tea capital of Việt Nam, aims to enhance the construction and infrastructure investment of industrial zones and clusters, as per the Thái Nguyên Province’s master plan for the period 2021-30, approved by the Prime Minister.