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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In the economic outlook for the second quarter entitled “Darkest before the dawn”, the bank said the manufacturing sector, which accounts for one-third of the country’s GDP, is expected to grow only 3 percent this year compared to 11 percent in 2019. … [Read more...] about Standard Chartered Bank: Vietnam’s 2020 economic growth to fall to 3.3 pct.
Minister of Industry and Trade Trần Tuấn Anh said the EVFTA has a very high level of commitment in comparison to other trade deals that Việt Nam has signed, with over 99 per cent of import tariffs set to be removed by the two sides within the next 10 years. … [Read more...] about Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts
Furthermore, in the context of complicated developments relating to the COVID-19 pandemic, Israeli enterprises have a desire to sign a number of orders with local firms to boost the flow of items such as medical masks, medical gloves, and medical protective clothing to the Middle Eastern nation. … [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