Việt Nam News

The Lao Government and AMI Renewables Quảng Bình Investment Corporation on Thursday in Vientiane signed an agreement to develop a wind power plant project with total investment capital of more than US$2 billion.

Prices of local agricultural products such as rice, cassava and pork are in bullish trend and hit the peaks due to the El Nino phenomenon.

Due to impacts of the COVID-19 pandemic and the world situation, SMEs have suffered from declining orders, struggling sales, and high input costs, which have affected their revenue as well as jobs and income for workers, the association reported.

The rice industry expects to gain an output of 43.11 million tonnes this year. Rice exports are expected to reach around 8 million tonnes in 2023, worth more than $4 billion.

"Vietnamese retail market grew about 100 times in the past 20 years. It is an attractive business destination with a high portion of the young population, who love Korean food, K-pop and K-drama," a Lotte Shopping official said, as cited by The Korea Times.

The communications and information sector earned a revenue of more than VNĐ1.6 quadrillion (US$69 billion) so far this year, a drop of 8.66 per cent against the same period last year

The PM instructed the Ministers of Agriculture and Rural Development, Industry and Trade, and Foreign Affairs and chairpersons of the people’s committees of provinces and centrally-run cities to focus on carrying out measures to step up rice production and exports.

Deputy Minister of Planning and Investment Trần Duy Đông emphasized the urgency of fostering business environment reform, particularly in relation to the slowdown in recent efforts to improve business conditions

According to regulations under the decree, those providing cross-border insurance and insurance brokerage services are foreign insurance and insurance brokerage enterprises with headquarters in countries or territories with which Việt Nam has signed international treaties on trade, including agreements on the supply of cross-border insurance services in Việt Nam.

Vietnamese shares dropped on Thursday after three straight gaining sessions as recent good performance of the market triggered stronger profit-taking sentiment.

The amount was equal to 62.52 per cent of the issuance plan in the second quarter and 44.97 per cent of the plan set for 2023.

The company is a plastic packaging supplier for many big and popular manufacturers such as Unilever, Coca-Cola, Pepsi, and Vinamilk. 

It is urgent for Việt Nam to amend the regulations on personal income tax (PIT), which have proven to be outdated and weighing on people, especially those struggling to make ends meet in major cities.

The Vietnamese minister said Việt Nam supports and is actively studying the tax for early enforcement. Hence, he wished that the Belgian Ministry of Finance and tax authorities would share their experience with Việt Nam in the process.

The recent announcement means Foxconn Group's total investment in Quảng Ninh province now spans to three projects, worth more than $300 million.

Hà Nội is inviting Indian enterprises, renowned for their strength in the information technology industry, to invest in the Hoà Lạc Hi-Tech Park.

Paulo Medas of the IMF speaks to Việt Nam News Agency about economic challenges, banking stability, fiscal and monetary policy, and how the country can become an advanced economy by 2045.

Deputy Director of the Price Management Department Phạm Văn Bình held that with the CPI growth rate as recorded in the first six months of 2023, there is a high hope to control inflation this year, enabling the flexible adjustments of the prices of some State-managed goods.