“Leaders of major Vietnamese business groups proposed bold solutions for coping with pressing issues and propping up economic growth while they were meeting with Prime Minister Pham Minh Chinh and Government ministers in Hanoi today, September 21. VinGroup Chairman Pham Nhat Vuong put forward four proposals, including expanding the teaching of the English language to […]

“New trade policies of the UK’s Labour government will significantly facilitate Việt Nam’s export to this market, a representative of the Ministry of Industry and Trade (MIT) has said. They urged Vietnamese firms to focus on improving competitiveness to better exploit opportunities from the UK-Việt Nam Free Trade Agreement (UKVFTA). Vũ Việt Thành at the […]

“Businesses are urging the government to adopt more stringent measures to expedite value-added tax (VAT) refunds due to prolonged delays in invoice verification and compliance challenges. Speaking at the Tax Dialogue 2024 held last Friday, Nguyễn Thanh Phương, deputy general director of Fococev Vietnam, said the company has been awaiting a total VAT refund amounting […]

Free trade zones (FTZs) act as vital hubs for cross-border trade, optimizing supply chains, and fostering international cooperation. What other benefits can this model bring? A strategic approach Danang City recently proposed a sea reclamation project to create additional space for a 2,317-hectare free trade zone. This includes approximately 300 hectares reclaimed from the sea. […]

“Having been in effect for nearly 20 years, with four previous amendments, the law still faces challenges that the current provisions have yet to fully address. The draft amendment seeks to establish a unified, competitive and transparent energy market, while promoting renewable energy investment and introducing market-based pricing for various energy sources. It also aims […]

“Professor Andreas Hauskrecht from Indiana University, who first visited Vietnam in 1991 when the country’s GDP per capita was a modest US$140, recently returned to attend the Vietnam- US. Cooperation Forum in Hanoi. he was amazed to see that Vietnam’s GDP per capita has risen to US$4,300, calling it a testament to the country’s ” […]

“Over the past five years, Việt Nam’s labour market has undergone significant transformation due to technological advancements, the COVID-19 pandemic, and economic shifts, necessitating adaptation from both employees and recruiters to new trends. The Fourth Industrial Revolution, the COVID-19 pandemic, AI advancements like ChatGPT, the rise of the chip industry, tech sector volatility, economic slowdown […]

” Indonesia, Malaysia, The Philippine, Singapore, and Thailand signed a memorandum of understanding on Wednesday, aiming to launch the plan to the end of the year, their civil aviation authorities said a joint statement. The agreement come as air travel recovers from the COVID-19 pandemic, which hammered tourism in the region. The initiative was mooted […]

“The exchange rate between the U.S. dollar and Vietnam dong has surged, reaching a peak last seen in June 2024/ immediately after the U.S. Federal Reserve announced an interest rate cut of 25 basic points in December 2024. Simultaneously, the FED signaled a slower- than expected pace of rate reductions. Consequently, the U.S. Dollar Index […]