Business
Wood And Related Exports Still Growing Despite Tariffs
“According to the Ministry of Agriculture and Environment, the export value of wood and wood products in the first six months of 2025 reached US$8.21 billion, representing an increase of 8.9 per cent compared to the same period in 2024. The US remained Việt Nam’s largest export market, accounting for 55.6 per cent of the […]
Compliance Key To Unlock Opportunities From Trade Deal
“The EU-Việt Nam Free Trade Agreement offers Vietnamese enterprises the opportunity to expand their share in one of the world’s most lucrative but demanding markets. However, it can only be realised if they fully comply with its rules of origin, tariffs, environmental standards, labour, and social responsibility. This was highlighted at a seminar titled “Compliance […]
2024 Land Law Can Stimulate Supply
“With this provision, Troy Griffiths, Deputy Managing Director of Savills Vietnam, expressed his belief that the new land law will bring about more investment opportunities for the real estate buyer group of overseas Vietnamese. This change also creates significant potential for the market thanks to direct investment capital from the group.” Source: 2024 Land Law […]
E-Commerce Platforms May Soon Pay Tax For Sellers
“Internationally, the World Bank and the Organization for Economic Co-operation and Development (OECD) have shown that e-commerce and digital platforms can declare and pay taxes on behalf of sellers, as several countries – such as Belgium, Uruguay and some states in the US – have required them to do so to reduce compliance costs and […]
Power Plan Needs Adjusting To Meet Long-Term Vision
“The Ministry of Industry and Trade (MoIT) and the Institute of Energy (consulting unit) must confirm the basis for calculating and adjusting Electricity Plan VIII to ensure the highest feasibility, especially solving the situation of electricity shortage from now to 2030, first of all, the period 2026-28. Deputy PM Sơn asked the MoIT to rapidly […]
Measures To Support Private Sector Growth
“Special mechanisms and policies will be implemented to foster the development of the private sector. Under Government Resolution No. 139/NQ-CP, ministries, sectors and localities are tasked with implementing tasks in addition to their regular duties. One of the plan’s core objectives is to improve the business environment by reviewing and removing unnecessary, overlapping, and inconsistent […]
Economy To Stay Resilient Despite Tariff Headwinds
“Foreign direct investment pledges rose by 32.6 per cent, while disbursement increased by 8.1 per cent year-on-year, indicating strong international confidence in the country’s economic prospects. Public investment disbursement reached its highest level since 2018, at 31.7 per cent of the annual plan and an increase of 19.8 per cent from the same period in […]
Use Blockchain For Cross-Border Payment, Experts Tell Workshop
“With global cross-border payments projected to reach US$320 trillion by 2032, Vietnam is being urged to adopt blockchain, stablecoins, and regulatory sandboxes to enhance competitiveness and expand financial integration. Experts say the country must act now to modernise its payment infrastructure and keep pace with international trends. At a workshop on ‘Cross-border Payments: Global Trends […]
Ministry Considers Tax Deadline Extension
“The aim is to continue easing difficulties and providing support for business operations. Previously, the MoF reported that an official dispatch had been sent to the Prime Minister, seeking approval to develop a decree extending the deadlines for submitting value-added tax, corporate income tax, personal income tax and land rental fee payments for the current […]