Vietnam’s trade surplus so far in 2016 stands at $1.36 billion, according to Vietnam Customs, or almost double the estimate of $776 million from the General Statistics Office (GSO).
In the lead-up to the first-ever Investment-Tourism Promotion Conference in the central province of Quang Tri, Nguyen Duc Chinh, Chairman of the provincial People’s Committee, shares the local authorities’ latest efforts in making the province one of most attractive destinations to domestic and foreign investors.
Ms. Nicola Connolly, Chairwoman of EuroCham, tells VET about the performance of European businesses in Vietnam and how Vietnam can improve its business and investment environments.
Dong Nai Province has achieved almost 50 percent of its annual foreign direct investment (FDI) attraction target by the end of the first quarter of this year.
On April 6th, Vietnam’s National Assembly approved amendments to a number of tax policies relevant to those with operations throughout the country. Changes cover a wide variety of tax policies and should be followed closely to ensure compliance.
The Ministry of Planning and Investment was drafting a circular on a venture capital fund to create a legal framework for promoting start-ups and make Vietnam a start-up nation.
Article 3 of the revised law, approved by the National Assembly (NA) last week, requires enterprises to pay the original taxes plus an interest rate of 0.03% per day for their arrears when the law comes into force from July.
Vietnam is the world's fourth largest footwear exporter, but up to 90 per cent of exports are made for orders from foreign contractors.
Businessmen, managers and economists discussed how to turn Vietnam into a trustworthy and sustainable exporting country at a forum in Hanoi on April 14.
The Ministry of Industry and Trade will focus on building the legal framework and institutions in line with integration commitments to create an optimum environment for investment, business and production.
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