Up to now, 131 of 143 surveyed countries and territories have claimed to allow the application of National Accounting Standards or International Financial Reporting Standards (IFRS) in different forms. Vietnam is one of the few countries that has not yet applied IFRS for the preparation and presentation of financial statements. In response to the requirement of national governance reform, management innovation for the national financial sector as well as public finance, the application of IFRS is becoming an urgent issue.
Vietnam wants to promote comprehensive relations with Bhutan, Prime Minister Nguyen Xuan Phuc said at a reception for visiting Chairman of the National Council (Upper House) of Bhutan Tashi Dorji in Hanoi on May 13.
Free trade agreements (FTAs) are when two or more countries agree on the terms of trade between them. They determine the value of tariffs and duties that countries impose on imports and exports. In 2007, with Vietnam’s ascension into the World Trade Organization (WTO) – it took a significant step integrating with world trade and subsequently entering into several free trade agreements.
Biên Hòa, 25km from Ho Chi Minh City in Dong Nai province, is one of the key industrial centres of Vietnam, a multitude of industrial development zones, factories and warehouses dominating the local economy. Yet the nearby province of Bình Duong has become the epicentre of investment in the country, attracting 3,444 new foreign businesses from 64 nations, with a registered capital of $331bn
Việt Nam values and gives priority to strengthening economic and trade co-operation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyễn Nội, deputy director of the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnamese enterprises are showcasing their products at the Brussels Seafood Expo 2019 in Belgium from May 7-9, aiming to give Vietnamese seafood a firmer foothold in the European market.
After more than a year of implementing the Government’s resolution 120/NQ-CP on the sustainable development of the Mekong Delta in response to climate change, up to now, the Mekong Delta has gained a number of achievements.
Goods, services and capital flow from the EU into Vietnam’s market have gradually increased amid the EU-Vietnam Free Trade Agreement (EVFTA) is in the progress to be passed and expected to become effective next year.
Eastern European markets offer great potential to exporters given their relatively high GDP growth and less stringent quality requirements compared to Western European countries.
HCMC identified 2019 as a breakthrough year for administrative reform. Implementing this orientation, the Customs and Tax Authorities of Ho Chi Minh City have implemented many breakthrough solutions, facilitating people and enterprises.
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