The Ministry of Finance has completed tax tables on preferential import tariffs to prepare for Vietnam’s commitments in the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
With its population of over 90 million, Viet Nam is considered a promising market for Japanese retailers, and firms like 7-Eleven, FamilyMart, Lawson and Ministop have all revealed plans to either enter or expand their business in the country.
Despite difficulties, Vietnam’s rice exports have remained stable over the last few years thanks to low prices.
The southern province of Binh Duong enjoyed a trade surplus of more than 1.2 billion USD in the first quarter, with export turnover of over 5.6 billion USD and import value of nearly 4.4 billion USD.
Statistics from the Foreign Investment Agency (FIA) revealed that South Korean investors took the lead with US$888.6 million.
Việt Nam’s foreign reserves have hit a record high of US$40 billion, according to a source from the State Bank of Việt Nam (SBV).
Việt Nam was estimated to have a trade surplus of more than US$750 million during the first quarter of 2016, according to the General Statistics Office (GSO).
The Ho Chi Minh City People's Committee has approved a price stabilisation campaign that will go on until March 2017.
The 2015 results of Vietnamese banking testified to an ongoing process of recognising and cleaning up problem assets, a credit positive, Moody’s said in a new report released midweek.
Vietnam's membership in the Trans-Pacific Partnership (TPP) will yield economic benefits, especially to the country's manufacturing sector.
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