“Magnus Frantzen Eidsvold, a spokesperson for Equinor, said that energy giant had discontinued its business development in Vietnam and closed its Hanoi office. This marks the first time Equinor has shut down an international office focused on offshore wind farm development. In recent years, the company has exited over a dozen countries where it had […]

“Public investment has been assigned to play a significant role in accelerating Việt Nam’s socio-economic development, with a total public investment budget for 2025 set at VNĐ825.9 trillion (US$33.6 billion), according to the Ministry of Planning and Investment (MPI). This budget has been approved by the National Assembly and assigned by the Prime Minister. As […]

“Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor Tower showed, a shift away from the U.S. where the companies face crushing tariffs. Shein and Temu’s ad spending rose the most in France and the UK compared […]

“Under the new rules, the VAT system will see major changes. One key highlight is the mandatory use of non-cash payments for VAT input deduction. This applies even to purchases under VNĐ20 million (roughly US$770). In the past, only payments over that threshold required bank transfers. Now, businesses must show non-cash payment proof for all […]

“The Ministry of Finance has proposed abolishing existing overseas investment registration certificates to facilitate capital outflows, recommending instead a streamlined foreign exchange management approach. The proposal was raised in the draft revision of the Law on Investment. Under the draft, the ministry proposed removing the requirement for investors to obtain approvals from the National Assembly, […]

“The Vietnamese Party and State already defined three strategic breakthroughs for socio-economic development, namely institutions, infrastructure and human resources combined with restructuring the economy and renewing the growth model, and promoting the national development based on science-technology, innovation and cultural values of Vietnamese people, he said. Developing the semiconductor and AI industries is an objective […]

“Despite the US imposing a 25 per cent tariff on imported steel and aluminium, Việt Nam’s steel and aluminium exports continue to show resilience and hold promising potential for growth, according to Đỗ Ngọc Hưng, the Commercial Counsellor and Head of the Việt Nam Trade Office in the US. He pointed out that US producers […]

“Việt Nam ranks 44th among the 133 economies featured in the Global Innovation Index 2024, published by the World Intellectual Property Organisation (WIPO), an encouraging two-place rise from the previous year. Particularly noteworthy is the country’s leap in the high-tech industry output index, with the country now ranked 28th globally. However, Việt Nam’s R&D expenditure remains modest, […]

“On Truth Social, US President Trump on Wednesday stated that, per the “Great Deal of Cooperation,” Việt Nam would “pay the United States a 20 per cent tariff on any and all goods sent into our Territory, and a 40 per cent tariff on any transshipping.” This is down significantly from the 46 per cent […]