VN records positive growth amid gloomy global forecasts

Việt Nam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).

HCM City turns attention to reviving economy The chairman of the HCM City People’s Committee has urged agencies to have specific solutions to support enterprises as part of its effort to gradually revive business activities following the containment of the COVID -19 pandemic.

Target of one million firms a tall order amid COVID-19 The target of one million businesses by 2020 could be hard to hit with the ongoing COVID-19 pandemic. However, there is optimism regarding the task.

Enterprise formations in Việt Nam down 13% in Jan-Apr due to the pandemic

Nearly 37,600 new firms were established in Việt Nam with registered capital of a combined VNĐ445.2 trillion (US$19.1 billion) in the first four months of this year, down 13.2 per cent in number.

Newly registered enterprises in Trà Vinh increase Despite the COVID-19 pandemic, the number of newly registered enterprises in the Cửu Long (Mekong) Delta province of Trà Vinh has, risen this year compared to the same period last year. 

93% enterprises to benefit from cut in corporate income tax About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 per cent since July 1 this year, down from the current rate of 20 per cent.

HCM City tax revenues fall well short of target

HCM City’s daily tax revenues have fallen by 31 per cent in the first quarter of this year because of the Covid-19 pandemic, the chairman of its People’s Committee, Nguyễn Thành Phong, has said.

Newly-established firms up but capital down in two months

The number of newly-established firms rose 9.1 per cent to 17,400 in the first two months of this year, according to the General Statistics Office (GSO).

HCM City, a fertile land for start-ups

HCM City is implementing programmes meant to create a launch pad for start-ups and offer favourable conditions for new companies to develop.

Cần Thơ City to solve difficulties for enterprises The Mekong Delta City of Cần Thơ will set up specialised working groups to work closely with local enterprises in removing difficulties in a timely manner in order to help the firms ensure production.