Samunnati value chain finance

Decree No.74/2018/ND-CP, meanwhile, further complicates trade by requesting vehicle imports for exportation to proceed in Vietnam to basic homologation without local tests even though those vehicles are not intended for use in Vietnam. Vehicle importers with a valid business licence already including transshipment can only proceed until the expiration of their business licences as per Decree 69. However, transshipments of vehicles must now take place within 30 days. … [Read more...] about Auto industry steers strategy towards wider supply chains

It means achieving 320 million worldwide users by 2023. Although this sounds impossible, I believe that this will be an exciting journey for the young, ambitious, and always forward-looking corporate culture of VNG. The 2332’ target makes sense, given that VNG already has 100 million users for its online entertainment business and Zalo - the No.1 messaging mobile app. The company plans to launch new products across many overseas markets. … [Read more...] about Humans are core value of success: VNG’s VP of Operations

“SMEs are a strategic client segment to VPBank and we have been continuously offering various solutions to their needs, given the ongoing pandemic. The IFC’s working capital line will enable VPBank to assist many more businesses, helping them weather an acute external shock as well as supporting broader financial market stability in Vietnam,” said Nguyen Duc Vinh, VPBank CEO. … [Read more...] about IFC loans to VPBank and OCB to boost finance for local businesses

According to the finance ministry’s announcement on Tuesday, the amended VAT law would impose a six-percent VAT on services and goods currently enjoying a VAT of five percent, and raise the across-the-board ten-percent VAT to 12 percent. … [Read more...] about ​Vietnam finance ministry proposes raising VAT from 10 to 12 percent

Singapore (VNA) - More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, Singapore’s Trade and Industry Minister Chan Chun Sing said. Singapore has currently over 50 companies with an LNG trading or business development presence in Singapore, Trade and Industry Minister Chan Chun Sing told the Gastech virtual summit held early this week. They include key buyers of LNG such as Osaka Gas setting up trading operations in Singapore, according to the minister. A push for more transparency in the sector has boosted spot trades of Asian LNG. Singapore, which is the Asian oil trading hub, is seen as a natural hub for LNG especially for companies that already have a presence in the city-state and are looking to expand into LNG. Chan said the companies have chosen Singapore due to the "rich eco-system" of companies across the LNG value chain, Singapore's close links to the growing region and the ease of doing business in … [Read more...] about More than 50 firms set up LNG desks in Singapore