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Finance Ministry wants to cut corporate income tax for small and micro businesses

  A garment production line of a small enterprise in the central province of Thừa Thiên-Huế. The small and micro enterprises are expected to enjoy 30 per cent reduction of corporate income tax this year. — VNA/VNS Photo Mai Phương HÀ NỘI — The Ministry of Finance has proposed the Government cut corporate income tax for small and […]


Hải Dương exports first batches of lychee to Singapore, US, Australia

  Minister of Agriculture and Rural Development Nguyễn Xuân Cường visited a lychee processing line of the Ameii Vietnam JSC’s farm produce processing plant in Thanh Hà District, Hải Dương Province. — VNA/VNS Photo Mạnh Minh HẢI DƯƠNG — The northern province of Hải Dương on Monday exported the first batches of lychee to Singapore, the US and […]


School Milk Project implemented effectively, says Hà Nội official

  Children are practicing folding used milk cartons after drinking milk and disposing of them in Hà Nội.— Photos Vinamilk HÀ NỘI — More than one million pre-school and primary school students in Hà Nội have enjoyed fresh milk every day in the 2018-20 period, marking 91 per cent of the total number of children. The […]


Lychee production hubs seek to boost consumption amid export difficulty

  A farmer harvests early maturing lychees in Lục Ngạn District, Bắc Giang Province. — VNA/VNS Photo BẮC GIANG — Việt Nam’s lychee production hubs in the North have entered the early harvest season this year and are preparing plans for its flagship fruit consumption amid export difficulties due to the COVID-19 pandemic. On total cultivation areas of more […]


China tests digital currency and policy recommendations for Việt Nam

China officially tested its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP) in May. — Photo ledgerinsights.com HÀ NỘI — China officially started testing its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), at the beginning of this month, putting pressure on Việt Nam to research cryptocurrency in the context of international integration. Commenting […]


Local airlines would offer more rates with increasing ceiling prices

  The transport cost per passenger rose from VNĐ1,933 per km in 2015 to VNĐ2,345 per km in the first three months of this year. — Photo nld.com.vn HÀ NỘI — Increasing ceiling rates for airfares would bring more opportunities for local aviation firms to have flexible and suitable price policies in the domestic aviation market. Domestic […]


MoIT sets up working groups for EVFTA

  The Import and Export Department will spread information about the EVFTA to the local associations and business communities. — Photo kythuatmoitruong.com HÀ NỘI — The Import and Export Department under the Ministry of Industry and Trade has set up different working groups to implement the the EU-Việt Nam Free Trade Agreement (EVFTA). The department said it […]


Shares advance despite bad int’l news on good earnings hunt

  Ice cream made by Kido Frozen Foods JSC (KDF). The company’s shares surged 6.67 per cent on Monday on its merger deal with food business Kido Group (KDC). — Photo cafef.vn HÀ NỘI — Vietnamese shares moved steadily upwards on Monday despite negative movements among Asian markets as the hunt for good quarterly corporate earnings intensified. The benchmark VN-Index […]


Tiền Giang to support tourism businesses hit by COVID-19

  Tiền Giang tourism businesses, hit hard by COVID-19, are looking to local authorities for support measures, including extension of tax payment deadlines. – Photo baophapluat.vn TIỀN GIANG – Local businesses hit hard by COVID-19 are seeking support, including deadline extensions for tax payments, from Tiền Giang Province authorities. Nguyễn Đức Đảm, director of Tiền Giang’s Department of […]


Bắc Giang seeks for more chances for exporting lychees to Singapore

  Bắc Giang Province has a total area of 28,000ha growing lychees with an estimated total output of 160,000 tonnes this year. — Photo congthuong.vn HÀ NỘI — Bắc Giang Province will have a good opportunity to find partners for exporting its lychees to Singapore at an online trade fair held at the end of this month. Lê […]


Checkable deposits see first decline since Q4, 2018

  Checkable deposits saw the first quarter-on-quarter drop since the end of 2018. – Photo anninhthudo.vn HÀ NỘI — Checkable deposits saw a significant quarter-on-quarter decline as of the end of March, despite more payment accounts opened in the first three months of this year. Statistics of the State Bank of Việt Nam showed that checkable deposits at […]


S&P maintains stable outlook for Việt Nam’s sovereign credit rating

  The move is a reflection of the strong potential for recovery in Việt Nam’s economy following a period of deceleration due to the COVID-19 pandemic. — VNA/VNS Photo HÀ NỘI — S&P Global Ratings has announced it has maintained Việt Nam’s sovereign credit rating at BB, with a stable outlook, in its latest report released […]


VN ready to be world’s factory, but is the world?

Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020. —Photo nhipcaudautu.vn  Compiled by Thiên Lý Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, […]


Investors need to consider carefully before buying old apartments: experts

  Hà Nội has more than 1,500 old apartment buildings. — Photo dantri.com.vn   HÀ NỘI — Experts have recommended investors consider carefully before buying old apartments to ensure investment efficiency. One of the main issues is that the time it takes to rebuild an apartment building is variable, and consequently has a large impact on payback. After more than 10 […]


VN ready to be world’s factory, bus is the world?

Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020. —Photo nhipcaudautu.vn  Compiled by Thiên Lý Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, […]


VN needs to change its ways to attract FDI leaving China: experts

  The Saigon Hi-Tech Park in HCM City’s District 9, which has attracted a lot of foreign investment. — VNA/VNS Photo Quang Nhật  HCM CITY — Việt Nam has some great advantages while competing with regional countries in attracting capital flows moving out of China after the COVID-19 pandemic, experts have said. A report by […]


$49b loans of COVID-19 affected borrowers get preferential rates

  Banks extended debt payment deadlines for 215,136 borrowers with total loans of nearly VNĐ137.94 trillion as of May 11. — Photo cafef.vn HÀ NỘI — Banks cut interest rates for loans worth more than VNĐ1.12 quadrillion (US$49 billion) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State Bank of […]


MoIT to help local firms cope with trade remedies

  Aquatic products being processed for exports at Bà Rịa Vũng Tàu Seafood Processing Import Export Co. — VNA/VNS Photo Phương Vy   HÀ NỘI — The Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses it organises on trade remedies for the domestic production industry. The idea is to improve the ability […]


Vietjet sells promotional tickets to celebrate Int’l Children’s Day

  Kids receive presents from Vietjet. — Photo courtesy of the airline HCM CITY — Vietjet is offering more than two million super-saver tickets priced from only VNĐ1,600 on all 45 of its domestic routes, the airline announced on Sunday.  The move aims to celebrate International Children’s Day on June 1 and Vietnamese Family Day on June 28.  “This is a gift from Vietjet so children […]


VietinBank plans equity capital increase from accumulated profits

  VietinBank’s chairman of Board of Directors delivered a speech at the 2020 annual general meeting of shareholders. — Photo vietinbank.vn HÀ NỘI — VietinBank (VTG) planned to increase its equity capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal […]