Resident and non-resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Vietnam has said.
Vietnam’s Military Commercial JSC (MBBank) is seeking to sell a 7.5 percent stake to one or more foreign investors this year.
Tax evasion, tax avoidance and transfer pricing are getting more complicated, particularly through affiliated transactions, due to incomplete and impractical policies, said Deputy Minister of Finance Tran Xuan Ha on July 15.
Quang Ninh province has made breakthroughs in local development, and is making efforts to become a centrally-run city and one of the economic locomotives of the northern region by 2025.
Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.
Illegal insider stock trading requires a stronger deterrent from regulatory agencies to stabilise the market sentiment, according to tinnhanhchungkhoan.vn.
Trade revenue between Vietnam and Malaysia reached 5.48 billion USD in the first half of 2019, down 6.2 percent year on year, according to Vietnam’s Trade Office in Malaysia.
The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.
Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Planning and Investment and the Vietnam Cooperative Alliance (VCA) to compile a “white book” on the country’s collective economy and cooperatives.
VOV.VN - The northern port city of Haiphong should strive to become a significant logistics hub through luring additional investment in infrastructure and getting more capable firms involved in the sector, trade officials have noted.
VOV.VN - Vietnam exported 4,281 tons of breaded shrimp to the United States during the past five month with a total value of US$30.9 million, an increase of 53 per cent in volume and 48 per cent in value in comparison with the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - The prices of dragon fruit from the central province of Binh Thuan have skyrocketed during the peak fruit harvesting season in comparison with previous years.
A number of business conditions have been reduced or removed thanks to the Government’s efforts in improving the business environment and increasing national competitiveness.
Textile, garment and footwear products made in Việt Nam will not enjoy immediate tariff cuts after the EU-Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bảo Việt Securities Joint Stock Company (BVSC).
VOV.VN - Vietnam is at high risk of receiving out-of-date technologies from poor-quality foreign investment projects, thereby threatening the sustainable development of the local economy, analysts have warned.
VOV.VN - The government convened in Hanoi on July 13 to discuss ways to boost trade, particularly with the US, China, the Republic of Korea, and Japan in the context of complicated changes around the world.
Vietnam, as the first country to sign a free trade agreement with the Eurasian Economic Union, and Russia may discuss any cooperation projects, both bilaterally and multilaterally, said an official of the United Russia Party (ER).
Vietnam will become a leading digital country and economy in the ASEAN region by 2030 and allow testing of new technologies in the digital economy.
Prime Minister Nguyen Xuan Phuc has set up a State council to look into the North-South express railway project. This decision comes after the Ministry of Transport (MOT) and the Ministry of Planning and Investment (MPI) presented significantly different cost estimates for construction of the rail line.
Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks.