Proposal for exporting goods

According to the finance ministry’s announcement on Tuesday, the amended VAT law would impose a six-percent VAT on services and goods currently enjoying a VAT of five percent, and raise the across-the-board ten-percent VAT to 12 percent. … [Read more...] about ​Vietnam finance ministry proposes raising VAT from 10 to 12 percent

It will take growth quality as the foundation to shift to exports of services and intangible goods such as software and digital content, encourage links between the country's various regions to increase exports to markets with which Việt Nam has free trade agreements, improve the competitiveness of export items by capitalising on the city’s comparative advantages, join global value chains, and increase links between businesses. … [Read more...] about HCM City seeks ways to increase exports

According to the Vietnam Steel Association (VSA), in the past eight months, steel production of all kinds merely reached 11.6 million tons, down 8.1 percent over the same period last year. Due to the influence of the pandemic, the selling volume of steel only reached 10.4 million tons, down 10.7 percent over the same period. Of which, steel export output of all kinds exceeded 1.8 million tons, down 24.6 percent over the same period. These are not very optimistic figures for enterprises in the steel industry. Both consumption and production decreased, but the selling price of steel still increased. Regarding price movements, in mid-June, construction steel price surged by about VND200,000 per ton. Currently, it continues to increase further by about VND150,000 per ton, sending the prices of most steel products to over VND15 million per ton. The reason for this paradox is that the global raw material price has continuously climbed from the beginning of June until now. For instance, … [Read more...] about Opportunity to recover steel, cement industries

According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

According to the organising board, the participation of quite a few exhibitors of fruits from Italy and other countries around the world is a good chance for Vietnamese enterprises, distributors and importers to learn and look for business cooperation in the context that the EU-Vietnam Free Trade Agreement (EVFTA) has been effective since August 1, with many preferential tariffs. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9