Vietnam’s e-commerce market booming
12/18/2017 12:27:59 AM (GMT+7)
 Viet Nam is one of the world’s fastest growing e-commerce countries, Lai Viet Anh, deputy director of Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade, said.

Thousand billions in lost tax from foreign enterprises
12/18/2017 12:25:02 AM (GMT+7)
 Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.

Notorious Chu Lai Soda closing might cost $90 million for bankers
12/18/2017 12:16:25 AM (GMT+7)
 Banks are worried that Chu Lai Soda Processing JSC (Chu Lai Soda) will default on its VND2 trillion ($88.1 million) debt as the soda processing factory has been forced to suspend its operations since August 2016 due to violations in discharge.

Exports of garment and textile hit US$31 billion
12/18/2017 12:37:32 AM (GMT+7)
 Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2%, and the outlook is bright for next year too.

Strengthening linkages between FDI and domestic enterprises to support industry development
12/18/2017 12:20:58 AM (GMT+7)
 The processing and manufacturing industry is always the most attractive FDI segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.

Binh Son refining company to open Vietnam’s largest IPO in January
12/17/2017 11:43:07 PM (GMT+7)
 Binh Son Refining and Petrochemical Co Ltd, the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner US$157.4 million for State coffers.

Vietnam prepares to take advantage of CPTPP agreement
12/17/2017 11:48:11 PM (GMT+7)
 Although the US withdrew from the TPP, ministers of 11 TPP members reached a consensus on a new deal and called it the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

HCM City: FDI flow into property sector triples
12/17/2017 3:54:52 PM (GMT+7)
 Ho Chi Minh City’s real estate sector attracted US$984.4 million in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.

Vietnam’s logistics costs make up 20.8% of GDP
12/17/2017 3:53:34 PM (GMT+7)
 Vietnam’s logistics costs remain high, equivalent to over 20% of GDP while these costs account for between 9% and 14% of GDP in developed countries, according to the Vietnam Logistics Association.

FPT Software, Airbus link up in aviation technology
12/16/2017 11:43:00 PM (GMT+7)
 FPT Software and Airbus have signed a Letter of Intent (LoI) on looking into opportunities to develop aviation technology related to Airbus’s Skywise, a new aviation data platform.

Government progress in business environment improvement
12/17/2017 3:51:25 PM (GMT+7)
 2017 saw the government’s drastic engagement in removing obstacles faced by enterprises with the adoption of a series of incentive policies and the Prime Minister’s resolute commitments. 

Uber posed with $3.1 million in tax arrears
12/17/2017 3:30:12 PM (GMT+7)
 Uber currently owes nearly VND70 billion (USD3.1 million) to the state budget. If Uber fails to ensure the payment deadline, HCM City Department of Taxation has said it will consider further legal measures.