VOV.VN - Vietnamese businesses have been advised to set and enforce green standards in their production phases in order to maintain the export of their products and penetrate deeper into the European Union market, said industry insiders.

VOV.VN - China’s Geely Automobile Group is seeking Vietnam’s support for the group to deploy its investment project in Vietnam, Geely Auto CEO Gan Jiayue told Deputy Prime Minister Tran Hong Ha in Hanoi on September 23.

VOV.VN - It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance Ho Duc Phoc.

VOV.VN - With more than 93% of votes in favour, the National Assembly approved a resolution on applying additional corporate income tax in line with the Global Anti-Base Erosion Rules (global minimum tax), due to take effect as of January 1, 2024.

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

VOV.VN - The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) in the first half this year soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.

VOV.VN - The nation has high hopes of developing a modern and sustainable farm produce processing system, thereby transforming the country into one of the world’s top 10 agricultural processing hubs by 2030.

VOV.VN - Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.

VOV.VN - With Vietnam’s aquatic market shares in Russia accounting for less than 2% of the country’s total seafood export turnover, local firms have been advised to strive to fully tap into the Russian market thanks to tax incentives from the Vietnam-EAEU free trade agreement.

Trade between Vietnam and the EU rose 14.8% in 2021 to US$63.6 billion despite the impact of the prolonged COVID-19 outbreak.