On February 24, 2017, the Vietnamese government released the new transfer pricing (TP) Decree No. 20/2017/ND-CP ‘Providing tax administration applicable to enterprises having controlled transactions’ (Decree 20), which will take effect from May 1, 2017.
The wood processing sector will have more room for development as Vietnam participates in more free trade agreements, according to the Handicraft and Wood Industry Association of HCM City (HAWA).
The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1%, the highest month-on-month increase over the past five years.
Delegates to the UN high-level meeting for the Euro-Asia region on improving cooperation on transit, trade facilitation and the 2030 agenda for sustainable development will seek how to work together to facilitate international trade on their second day in Hanoi on March 8.
Ho Chi Minh City’s authorities always create favourable conditions for foreign enterprises, especially those from Japan, to invest in the city, said Secretary of the municipal Party’s Committee Dinh La Thang.
Vietnamese food is drawing attention at the 42nd FOODEX, Japan’s largest international food and beverage exhibition, which opened in Chiba prefecture on March 7.
A high-level UN meeting in Hanoi on March 7 discussed challenges and opportunities in developing transit infrastructure and corridors.
The business community acknowledged progress in the tax sector’s administrative reform but urged more efforts in improving law quality, simplifying procedures, applying IT and cutting informal costs, according to a report released at a workshop in Hanoi on March 7.
Electronic commerce in Vietnam has been growing at an average 22% a year, following the world trend of combining traditional and online sale, heard a conference on new trends of e-commerce in the southern province of Dong Nai on March 7.
Compared to 2016, banks are looking at brighter prospects in 2017 as many indexes look like they are on a trend of improvement.
The Vietnam National Shipping Lines (Vinalines) will maintain its controlling stake in major ports and divest from others as it targets increased efficiency and profitability of core services over the next five years.
The Asian Infrastructure Investment Bank (AIIB) wants to work with Ho Chi Minh City in tacking urban issues, such as traffic congestion and waste treatment, said President of the bank Jin Liqun.
Foreign direct investment flows into Vietnam’s real estate sector hit US$345.5 million in February, accounting for 10.1 percent in total FDI poured into the country, increasing by 12 times year-on-year.
Vietnam shipped abroad an estimated 193,000 tonnes of rubber for US$392 million in the first two months of this year.
VOV.VN - Farmers in the central highland city of Da Lat have earned high profits from successfully growing some types of foreign fruit like Tamarillo tomato imported from Ecuador and Cara cara orange from Australia.
The European Chamber of Commerce in Vietnam’s Nutritional Foods Group (NFG) recommended that the Government remove the price ceiling on milk products for children under six years.
Ministries and localities have been told not to buy cars this year unless otherwise dictated by a comprehensive review of the number of State-owned cars.
A delegation of the Vietnamese Embassy in Argentina visited Mendoza province from March 3-5, aiming to tighten investment and trade links.
The Vietnamese Businesses’ Association (VBA) in Russia on March 5 hosted a seminar in Moscow to discuss ways to promote economic and trade ties between Vietnam and Russia and with the Eurasian Economic Union (EAEU).
The export value of Vietnam’s handicraft products has averaged US$1.6 billion per year since 2000.