Business
Suppliers Need Further Support to Thrive
“Vietnamese suppliers have been becoming more reliable partners to numerous FDI large businesses in the country in recent years, said industry leaders and economists. During a meeting with Prime Minister Phạm Minh Chính last week in Hà Nội, Samsung’s financial director Park Hark Kyu said the number of Vietnamese suppliers working with Samsung has increased […]
Foreign Companies Flock To Invest In Southern Region
“Foreign investors have recently rushed to southern Vietnamese provinces and cities to look for investment opportunities and locations. Alexander Ziehe, chairman of the Association of German Enterprises in Việt Nam, said he is very impressed with the open and professional environment that Đồng Nai is creating for foreign businesses, including for German enterprises, the Đầu […]
State Should Simplify Tax To Foster Business Conversion
” To foster the conversion of business households into companies, experts suggest the Government should simplify how they declare their tax, along with easing accounting rules for their first three years of operating. Along with this, authorities should refrain from inspections during this initial period and offer a significantly lower tax rates to encourage smoother […]
Social Housing: Key To Socio-Economic Development
“Housing is a fundamental need for every citizen, and its plays a crucial role in ensuring the quality of life, particularly for low-income groups who often struggle to access adequate accommodation. The constitution of the socialist Republic of Viet Nam, adopted on November 28, 2013, firmly enshrines the right to housing, ensuring citizens the right […]
At A Crossroads, Seeking Fair, Transparent Land Reform
“After one year of implementation, Việt Nam’s 2024 Land Law is under review. While it has brought significant improvements in decentralisation, transparency and land access, many challenges have emerged. The Government and related ministries are now working on amendments, aiming to ensure that land continues to serve as a foundation for economic growth, social stability […]
Making Two-Tier Gov’t Model Work From The Ground Up
“Over the past two years, Việt Nam has launched major resolution to drive the nation into a new era – from economic restructuring and private sector development to technology, innovation and administrative reform. But their success depends not only on policies or laws, it rests on the people who carry them out,- their competence, adaptability […]
Livestream Sellers Ordered To Pay Taxes And Clear Old Debts
Speaking at a recent Government conference, Deputy Minister of Finance Nguyễn Đức Chi said many YouTubers have already been told to pay substantial amounts in back taxes for their failure to disclose earnings in previous years. High-income individuals in sectors such as marketing, IT, services, digital commerce, and social media have been found to owe […]
Strong E-commerce Development Can Drive Production
“According to the latest report by Google, Temasek and Bain & Company, Việt Nam represents one of the countries with an average e-commerce growth rate of 25 per cent each year, among the highest penetration levels compared to other countries in Southeast Asia. The e-commerce retail market reached an estimated US$20.5 billion in 2023, while […]
Amid Cost- Cutting Pressure, Banks Prepare To Negotiate Layoffs
“In recent years, many banks have embraced digital transformation as a critical strategy for cost-cutting and efficiency. The concept of “cashier-less banks” is becomming a reality, with foreign banks leading the charge and Việt Nam following suit . A senior executive at a state owned bank noted the shift from merely increasing staff enhancing digital […]