Việt Nam News

Vietnamese Government has agreed in principle with the Ministry of Finance’s proposal of reducing value added tax (VAT) from 10 per cent to 8 per cent.

Every year, many kinds of products of Việt Nam in general and Hà Nội in particular are put up for sale at Aeon supermarkets and retail stores across Japan through the “Vietnamese Goods Week” programme.

The south-eastern province of Bà Rịa-Vũng Tàu plans to have by 2025 at least 150 products rated no less than three stars under the country’s “One Commune-One Product” programme.

In the long term, according to VSA, Việt Nam's steel demand will continue to grow from 240kg per capita to 290kg per capita in 2030. Steel demand will be concentrated on alloys or high-quality steel.

Haraco Chairman Đỗ Văn Hoan said the company made a revenue of VNĐ300 billion (US$12.8 million) from passenger transport in Q1/2023, up 200 per cent year-by-year.

Vietnamese ministries and agencies will be assigned to actively exchange and concretise cooperation contents with the Global Infrastructure Partners on the principle of efficiency and practicality, and in line with the needs and capabilities of the two parties, Prime Minister Phạm Minh Chính said.

The food industry of Việt Nam has significant potential for promoting international cooperation.

Although scores of foreign investors are eager to come on board, some obstacles still need to be overcome to ensure their easy ride.

Up to now, a total of 150 companies, including Korean medical equipment and foreign companies, have registered for the event.

Việt Nam and Australia aim to double the scale of two-way investment and become each other’s top 10 trading partners in the future.

Shares faced difficulty in closing with gains in HCM City’s exchange while they failed to do so in Hà Nội’s bourse due to growing cautious sentiment and significant divergence among sectors.

Addressing the 12th Việt Nam-France decentralised cooperation conference, which took place in Hà Nội from April 13-16, Ngọc noted that Việt Nam has launched the national strategy on green growth and stepped up economic restructuring in tandem with growth model reform, environmental sustainability and social equality.

Traphaco PharmaceuticWorkers checking products at Traphaco Pharmaceutical Joint Stock Company (TRA). TRA plans to achieve revenue of VNĐ2.6 trillion (US$110.9 million) and profit after tax of VNĐ326 billion in 2023, up 8.4 per cent and 11.2. per cent, respectively compared to the previous year. Photo Traphaco

Việt Nam has been focusing on exporting fruits rather than meet domestic demand, leading to a monopoly by imports, analyst said. 

New research has revealed that the price of flights and holidays has increased sharply as thousands look ahead to national holiday plans.

The recent fever and subsequent decline of two Vietnamese shoe brands has prompted an inquiry: Will Vietnamese brands be able to capitalise on the trends and opportunities that emerge on social media?

Shrimp prices in the world market have gradually decreased since the end of 2022. For instance, at the end of February 2023, the price of Indian shrimp was at VNĐ110,000 (US$4.53) per kilo. 

Expected negative business results in the first quarter are likely to weigh on sentiment in the short term