Việt Nam News

The General Department of Taxation has implemented a combination of solutions to prevent tax revenue loss in e-commerce sector.

According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), the southern economic hub lured $174.19 million in foreign investment in the period, including $4.84 million invested in two new projects, and $171.35 million added to three existing projects.

In the January-February period, China led in the number of newly-registered projects in Bắc Ninh with 46 projects, followed by Hong Kong (China) with 14.

The strong development of e-commerce in Việt Nam is seeing urban logistics real estate heat up, according to a report of Cushman & Wakefield, a global real estate company.

The Hà Nội People's Committee issued a decision to acknowledge 104 four-star “One commune, One product” (OCOP) products of 32 entities involving in the capital city’s OCOP programme in 2023.

Global gold prices have sharply increased by US$32 compared to the previous session, currently at $2,012.81 per ounce. However, domestic gold prices are still more than VNĐ17 million per tael higher than global price.

Canada is specifically targeting Việt Nam's primary export steel products and types, including concrete reinforced steel, anti-corrosion steel plates, steel coils and oil pipeline steel pipes.

Prime Minister Phạm Minh Chính attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.

Vietjet currently operates multiple flights between Việt Nam and Australia with 58 flights per week between HCM City and the five largest cities in the "Land of Kangaroos" including Melbourne, Sydney, Brisbane, Perth, and Adelaide.

Việt Nam’s forest coverage rate is set to reach 42-43%, while the forest production value is expected to increase by 5-5%, according to the forestry development strategy for the 2021-2030 period.

Operating from May 12, 2024 with two return flights per week on Thursdays and Sundays, people and tourists can easily travel between the two cities with a flight time of around 4 hours per leg, Vietjet said in a statement. 

Analyst’s Pick: In a common sense, a trade surplus means a favourable trade balance, which contributes to economic growth. This is particularly true in emerging or developing markets, and in countries whose economic growth is highly driven by exports. Việt Nam is not an exception.

Despite the fierce competition and the high consumer preference for international brands, local businesses have been gradually asserting their position but still hold a modest share, estimated at around 10 per cent of a $2.3 billion market.

Besides State-owned banks Vietcombank and BIDV, private banks such as LPBank, SHB and HDBank have also planned for stock offering to foreign investors in 2024.

Besides the development of the legal framework for crypto asset management, the decision also requires the ministry to implement the legal framework, including improving understanding for management and supervisory agencies about the risks of the issue.

This is a part of Directive 10/CT-TTg on promoting production, business and export of rice in a sustainable, transparent and effective manner in the new situation, issued by Prime Minister Phạm Minh Chính on March 2, 2024.

The State budget revenue from export-import activities in the first two months of this year reached VNĐ56.42 trillion  (US$2.35 billion), or 15% of the estimate, down 2.4% year on year, reported the General Department of Customs.

Samsung’s investment has contributed to Vietnam’s import-export revenue as well as economic development.