Car expert Vinh Nam said that customers should not expect a sharp price decline in car imports from Europe, especially as the import duty cut is a gradual process and the tax rate of excise tax for car imports are based on the sale price, which includes profit of car dealers. … [Read more...] about New regulations to change Vietnam automobile industry in 2021
Eurocham
Business environment needs strong Gov’t actions: VBF 2019
The Vietnam Business Forum’s investment and commerce working group reported at the meeting that a lack of instructional documents had made it difficult for local fintech and peer-to-peer lending (P2P) firms to develop. There was no official classification for these types of companies in the current laws. … [Read more...] about Business environment needs strong Gov’t actions: VBF 2019
German businesses in Vietnam remain upbeat about future prospects
Vietnam is continuously developing and currently at the top of emerging logistics markets. High economic growth, increasing domestic manufacturing, the rise in consumption, booming e-commerce and the strongly developing automation and manufacturing industries are some of the key drivers of the Vietnamese freight and logistics market. In addition, the Vietnamese government has facilitated growth with many policies to develop the logistics and transport industries. Moreover, the EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA) give us and our clients a much greater scope to expand key import/export activities, simplify processes and, at the same time, promote long-term investments and strategic business partnerships. … [Read more...] about German businesses in Vietnam remain upbeat about future prospects
Mekong Delta farmers urged to link up with global value chains
Can Tho city’s agricultural industry has built and developed a large-scale paddy fields model with a total area of over 30,000ha per crop. Some 100ha of rice production have received a Global Good Agriculture Practices (Global GAP) certificate and 336ha of rice production have reached Vietnamese Good Agricultural Practices (VietGAP) standards. Moreover, Can Tho has also expanded its safe vegetable production area with a total area of 229ha and an output of over 28,390 tonnes per year, with 10.5ha meeting VietGAP standards. … [Read more...] about Mekong Delta farmers urged to link up with global value chains
VIETNAM BUSINESS NEWS JANUARY 16
Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16