“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 […]

“Following the reorganisation of provinces and cities across the country, the southeast remains its most dynamic economic hub, with foreign direct investment inflows in the first seven months of this year running into billions of dollars. HCM City led with US$6.2 billion, followed by Đồng Nai with US$1.8 billion and Tây Ninh with US$1.215 billion, […]

“The National Assembly’s Standing Committee (NASC) yesterday discussed the draft Law on Corporate Income Tax (amended). Presenting a summary of the draft amended Law on Corporate Income Tax, Deputy Minister of Finance Cao Anh Tuấn said that the draft closely follows the policy groups in the proposal to build the amended Law on Corporate Income […]

“The Vietnamese real estate market is on the brink of substantial growth this year, driven by a new legal framework, increased foreign direct investment (FDI), improved infrastructure, and a welcoming investment climate. Experts believe these factors will create a “more attractive landscape” for both domestic and international investors. This optimistic outlook follows the introduction of […]

“According to calculations by the Vietnam Beer-Alcohol-Beverage Association (VBA), based on data from the General Statistics Office, the beer industry experienced an average annual growth rate of 9.76 per cent during the 2009-13 period – nearly reaching double digits. However, from 2016 to 2019, when the special consumption tax increased by 5 per cent annually, […]

“The streamlining of administrative structures following the reorganisation of provincial units is beginning to yield clear improvements in the investment and business climate. Beyond simplifying procedures, the shift to a two-tier government model – comprising provincial and commune levels – is opening new avenues for businesses to expand investment, tap into markets and optimise operations, […]

“As Việt Nam accelerates its energy transition, nationwide switch to E10 biofuel, gasoline blended with 10 per cent ethanol, is being prioritised for the beginning of 2026. To ensure both supply reliability and consumer acceptance, it is essential to tackle technological, policy and market barriers. Minister of Industry and Trade Nguyễn Hồng Diên emphasised that […]

“HCM City needs to focus on transforming its industries towards digitalization and sustainability, experts told the 5th HCM City Economic Forum that opened on Wednesday. With the theme “Industrial Transformation – a New Driving Force for HCM City’s Sustainable Development,” the forum discussed topics such as global industrial transformation trends, the direction for HCM City’s […]

“Current regulations stipulate that individuals who receive interest on deposits from credit institutions and foreign bank branches are exempt from PIT. Only companies pay tax on their income from bank deposit interest. According to data released by the State Bank of Vietnam (SBV) last week, as of November 2024, the total deposits of individuals at […]