Proposed tax hike

The huge decline in the number of tourists, especially from China, could cause losses in tourism revenues of $7 billion in the first quarter, and could double to $15 billion if the outbreak persists in Q2, according to the Vietnam Tourism Advisory Board (TAB). … [Read more...] about Businesses seek govn’t intervention as epidemic threatens more pain

PVX is the EPC contractor of Thai Binh 2 Thermal Power project, one of the key national projects that are running behind schedule. Many former leaders of PVX such as former chairman Trinh Xuan Thanh and former general director Vu Duc Thuan were imprisoned for wrongdoings at this project. PVX is still the general contractor on paper. However, chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam) said that the group is directly taking part in, directing, and operating all issues. … [Read more...] about BUSINESS NEWS HEADLINES TODAY

Most recently, the MOIT has inaugurated Vietnam’s first Industry Development Center in Hanoi to boost domestic support industry programs and help Vietnamese enterprises participate in global supply chains. This event marked an important step by the ministry in support industry enterprises and acting as a bridge to enhance the development of the country’s support industries. … [Read more...] about Support industries to get 2020 boost

The GSO has proposed the Government take supportive measures for enterprises that suffer significant impacts from the coronavirus epidemic, such as seeking alternative suppliers, reducing export-import tariffs and boosting domestic consumption, said its General Director Nguyen Bich Lam. … [Read more...] about Industrial sector’s growth likely to hit almost 3% in Q1

We all understand that the industry is to continue to grow and Wize Solutions recognises that Vietnam can be a hub of innovation and creativity and not just a place for implementation. We’ve always seen Hanoi, and Vietnam in general, as a highly innovative country and the fact we’re expanding our space to accommodate growth here shows that we’re committed to building our innovation hub here. … [Read more...] about Wize Vietnam confident to partner with leading global IT companies