Việt Nam's budget collection has seen a sharp fall during the first six months of 2020 at just 44.2 per cent of projected income, a 10.5 per cent drop compared to the same period last year, said the Ministry of Finance in an online meeting with Prime Minister Nguyễn Xuân Phúc in Hà Nội yesterday.
The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.
Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union – Việt Nam Free Trade Agreement (EVFTA) enforcement.
Meanwhile, a water plant worth VNĐ12 billion (US$520,580), which was supposed to supply water for 3,300 households in four villages in the commune, has been left abandoned.
AYA Cup, an exchange cup system for takeaway, lends reusable cups made from cassava starch with a deposit of VNĐ50,000 (US$2.1) for each cup.
Việt Nam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that Việt Nam has signed with the EU and to recover from the effects of the COVID-19 crisis, speakers said on Tuesday at an international footwear conference.
Foreign investment commitments to Việt Nam in the first half of this year decreased 15.1 per cent year-on-year to US$15.67 billion, a report from the Ministry of Planning and Investment's Foreign Investment Agency has shown.
Market insiders have predicted M&A activities will sharply increase soon.