In fact, Vietnam is among the most developed snack markets in the ASEAN, joining Thailand, Indonesia, and Malaysia in the $3.5-billion club, according to a recent report from Japanese consultant Corporate Directions. This has attracted many foreign brands to capitalise on the market growth. Among them, snacking heavyweight Mondelez Kinh Do is taking the lead in the market. Other foreign snack brands such as Oishi (Liwayway), Poca (PepsiCo), and Choco Pies (Orion) have also stepped up their game to tap into Vietnam’s snack boom. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7
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A worker operates a yarn processing line at Best Pacific Vietnam Co. Ltd at the Vietnam-Singapore Industrial Park (VSIP) in the northern province of Hai Duong. (Source: VNA) Vietnam has now integrated more deeply into the global economy thanks to the strong development of its manufacturing sector, said economist Chidu Narayanan at Standard Chartered Bank. The country has one of the most open economies in Asia, with a trade-to-GDP ratio surging to 300 percent, so it heavily depends on global demand, he explained. … [Read more...] about Standard Chartered Bank: Vietnam’s 2020 economic growth to fall to 3.3 pct.
HCM CITY — With the EU-Việt Nam Free Trade Agreement (EVFTA) coming into effect in August and eliminating most tariffs, agriculture, forestry and aquaculture businesses need to be aware of the EU’s stringent regulations, experts have said. … [Read more...] about Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts
Meanwhile, a number of Israeli organisations and businesses have expressed a keen interest in co-operating alongside Vietnamese partners in areas such as start-up activities, scientific and technological applications, and technical solutions in a bid to increase production activities and shift investment and production chains to Vietnam. … [Read more...] about Israeli businesses keen to import medical supplies from Vietnam
The biggest problem is how to supervise the money flows between local individual advertisers and overseas suppliers. Accordingly, as they perform transactions via personal credit cards, the people did not have to pay any tax for the suppliers until now, resulting in great amounts of lost tax revenue for the state for years. … [Read more...] about Bank accounts of local advertisers to be drained for Facebook and Google tax arrears