In general, the province has received particular praise for its workforce training, the safety of its legal institutions, and the pioneering role of local governance, all of which are drawing attention from long-term investors. This explains why local and global giants, especially Europe and America, are keen on the province. One of the outstanding success stories is Piaggio which has two plants in the province. The other is De Heus, a high-quality European animal feed producer, one of the five largest animal feed manufacturers in Vietnam that is making extensive contributions to the agricultural development of not only Vinh Phuc but the whole country. … [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.
According to market research company ANTS, Facebook and Google currently occupy about 70 per cent of the local advertising market and the proportion is forecast to keep growing in the years ahead. Therefore, to force giants to fulfil their tax duties in Vietnam, the new tax law is necessary. … [Read more...] about Bank accounts of local advertisers to be drained for Facebook and Google tax arrears
Hanoi (VNS/VNA) - The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) plans to pay a dividend of 65 percent for 2019, 50 percent in stocks and 15 percent in bonus shares. The lender announced this at its annual general meeting in HCM City on June 13. The charter capital of HDBank, as it is known, will increase from the current 9.8 trillion VND to nearly 16 trillion VND after the dividend payment. The bank aims to increase its charter capital to meet the State Bank of Vietnam’s requirements to improve its financial capacity to develop its client network, expand market share and business scale, diversify banking services, and improve risk management capability. The bank also aims to supplement its medium- and long-term capital, enhance its infrastructure, and build a headquarter with a modern information technology system. This year HDBank expects its total assets to increase by 33 percent to 305 trillion VND, deposits to 275 trillion VND, up 35 … [Read more...] about HDBank to pay dividend at a rate of 65 percent
“The banking system pledges to supply adequate capital for the economy, keep stable foreign exchange rates and is ready for necessary measures to intervene in the market if there were developments threatening macro-economic stability,” Hung said. … [Read more...] about Stronger money policies might be considered to aid economic growth