Hanoi (VNA) - Vietnam’s consumer price index (CPI) in January hit a record high, up 1.23 percent over the previous month and 6.43 percent year on year, according to the General Statistics Office (GSO). This is the highest January CPI growth recorded in the last seven years. Compared to the previous month, an upturn was seen in the prices of ten out of 11 main groups of goods and services, leading by food and catering services (2.29 percent). It was followed by housing and construction materials (1.47 percent); goods and other services (0.92 percent); transport (0.69 percent); drinking and tobacco (0.65 percent); garment and textile, headwear and footwear (0.33 percent); household equipment and products (0.27 percent); and culture, entertainment and travel (0.25 percent). The only group experiencing price fall was post and telecommunications (0.03 percent). Do Thi Ngoc, head of the GSO’s Price Statistics Department, explained that the CPI in January saw a … [Read more...] about CPI in January hits record high in recent 7 years
Apec chile year in 2019
Bangkok (VNA) – Thailand’s Government has approved incentives to spur private investment of 110 billion THB (about 3.56 billion USD) and add 0.25 percent to economic growth in 2020. The measures include a corporate income tax deduction of 2.5 times expenditure on machinery, a one-year tax exemption for importing new machinery, and special-rate loans offered by the Export-Import Bank of Thailand for exporters to alter their machinery for export. The tax measures apply to new machinery purchased from Jan 1 to Dec 31, 2020. The 2.5-time tax deduction is not applicable to leased machinery. The measures are estimated to cost the government 8.6 billion THB in forgone tax revenue, said Narumon Pinyosinwat, a government spokeswoman. According to Narumon, the cabinet has approved a 350-million-THB budget to compensate Exim Thailand for the special interest rates. The Thai Finance Ministry said the fresh measures are essential to stimulate private investment and the local … [Read more...] about Thai government approves measures to stimulate private investment
Under Vietnam’s zero-tolerance policy on DUI which was introduced on January 1, motorbike drivers who have been drinking will be fined up to $345, while car drivers under the influence could face a penalty of up to $1,800. Both face two-year license suspensions. … [Read more...] about 122 killed on Vietnam roads in 6 days of LNY holiday
Chair of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, when talking about policies to support businesses recently, mentioned the ‘loneliness’ of the majority of businesses, especially small, medium, and micro sized companies, which account for 95 percent of total Vietnamese enterprises. … [Read more...] about What should be done to help Vietnamese businesses grow?
US Consul General in Ho Chi Minh City Marie Damour stressed that the Lunar New Year 2020 will take place during the time of celebrating the 25th anniversary of diplomatic relations between two countries. The celebration will be marked with some important events during 2020. … [Read more...] about Tet holiday-Wonderful time for experiencing Vietnam’s culture