Việt Nam News

The global corporate minimum tax is unlikely to impede Việt Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Việt Nam, Michael Kokalari, chief economist at investment fund VinaCapital, said.

Without the complete elimination of monopoly in the market, the state must continue to intervene to ensure the rights and benefits of consumers are protected. 

Regarding the proposal of the central bank to transfer the undisbursed sum of the 2 per cent interest rate support package into other forms of support, many experts said that this should be the way to go and must be implemented as early as possible.

Food and drink was the sector on the decline yesterday as it lost 1.30 per cent on the bearish vibes.

Many wind and solar power plants have been invested in but have not been put into use, causing a waste of social resources.

SHB on Tuesday officially announced to successfully completed the transfer of the first 50 per cent of charter capital at SHBank Finance Company Limited (SHB Finance) to its partner - Krungsri Bank of Thailand - a strategic member of MUFG Group (Japan).

The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.

Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion. 

Authorities, localities, fishermen, and businesses have kept taking measures to fight illegal, unreported, and unregulated (IUU) fishing, striving to get the European Commission (EC)'s “yellow card” warning to be removed soon.

HCM City will improve its business climate and create favorable conditions for foreign businesses, especially those from Slovenia, to invest in the city, said a city official.

The portal for origin tracing was expected to be completed by the end of this year and become be an effective tool to promote traceability not only in Việt Nam but also with other countries.

Property-sector risks have made operating conditions more difficult for banks in Việt Nam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings.

Shares started the new trading week positively but liquidity decreased and foreign traders returned to be net sellers, showing rising caution among investors.

The industries have been struggling in recent years with a shortage of orders, increased costs and decreased demand, with many businesses forced to operate at minimal capacity, according to Đào Phan Long, chairman of the Vietnam Mechanical Enterprises Association (VMEA).

Very few contractors have taken legal action against their defaulted investors. It took them around three to five years to have their cases heard but the plaintiffs got their money back in just 30 per cent of the cases.

The promotional airfares (excluding taxes and fees) are applied for Vietjet's entire international flight network with flight schedules from August 12, 2023 to March 31, 2024, the airline announced on Monday.

Việt Nam's population has nearly reached 100 million. This has made the country an attractive prospect for major foreign investors because of the abundant workforce and potential market.

The retail prices of petrol rose in the latest adjustment on Monday by the Ministry of Industry and Trade and the Ministry of Finance.