(VEN) - The Ministry of Industry and Trade is continuing to work with other ministries, sectors and business associations to help Vietnamese businesses expand farm produce exports. Processing agricultural products for export In late July, the Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade, in coordination with the Vietnam Food Association, organized a rice business delegation from 21 Vietnamese companies to the US and Mexico to help Vietnamese rice exporters access big markets and decrease dependence on specific and or traditional markets. The participating enterprises were chosen according to their export capacity, reputation and infrastructure in service of rice production and business. Priority was given to those seeking new partners in North America. In September, VIETRADE in cooperation with the Vietnam Fruit and Vegetable Association will take Vietnamese businesses to the Asia Fruit Logistica Hong Kong 2019 in order to help … [Read more...] about Ministry helps firms expand farm produce export markets
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The Hanoitimes - As of the end of 2018, 376 companies had listed shares on the HNX worth VND127 trillion (US$5.48 billion), up 7.77% year-on-year. Ho Chi Minh City Stock Exchange's market cap equals 57% of GDP in H1 New product to draw foreign investors to Vietnam’s stock market Vietnam’s stock market watchdog remains under state management Proposal to merge Hanoi and Ho Chi Minh City stock exchanges exposes shortcomings Vietnam’s PM requests to complete privatization of 100 state firms before 2021 Missed opportunities for Vietnam due to slow privatization pace In 2018, Hanoi Stock Exchange (HNX) held 269 auction sessions and mobilized VND192 trillion (US$8.28 billion) in capital, down 1.19% year-on-year, according to the organization’s annual 2018 report. Illustrative photo. The State Treasury of Vietnam topped the list in terms of capital mobilization with VND165.8 trillion (US$7.15 billion) in government bonds. Total value of … [Read more...] about Hanoi Stock Exchange mobilizes over US$8 billion in 2018
Illustration by Đàm Minh Chí The first mobile network operator in Việt Nam was established in April 1993 and to the majority of Vietnamese at that time, a mobile phone was something very new and luxurious. Only VIPs or rich people could afford a mobile phone which cost about US$1,000, despite the phones looking like bricks with very few functions. Subscribers had to pay about $200 as an activation fee, about $30 for a monthly subscription fee and $0.3 per minute to make a call within Hà Nôi or HCM City. Interprovincial call tariffs were higher. Now in my thirties, I find the story about the history of the mobile phone in Việt Nam interesting but strange and even funny because around me, every day, mobile phones are present and very popular. People, even kids in disadvantaged remote areas, now can access and use mobile phones, not to mention those in cities and urban … [Read more...] about Mobiles too popular to be subject to ‘luxury’ tax
Making a suggestion to the Ministry of Finance’s plan to increase sources of revenue, the HCM City People’s Committee proposed levying a luxury tax on mobile phones, cosmetics and perfume. “If the idea comes true, Vietnam will become the first country in the world to impose a luxury tax on mobile phones,” one commenter said on an Internet forum. Nguyen Thanh Binh from the Ministry of Planning and Investment’s (MPI) Institute for Policies and Development also said the idea needs thorough consideration, saying that this taxation is not applied in developed or developing countries, or countries in Southeast Asia. Truong Ba Tuan, head of the Institute of Information Policy Strategy, said that South Africa imposes a luxury tax on mobile phones, but the policy faces strong opposition. As for cosmetics, Tuan said, luxury taxes are applied in some countries, including Thailand and Indonesia, while most developed countries don’t tax products. SCT, by nature, … [Read more...] about Will mobile phones bear a luxury tax?
It's all about Huawei. World's biggest mobile tech show gets started Over the next four days, about 100,000 people in Barcelona are expected to traipse through the halls of Mobile World Congress, one of the tech industry's biggest events. All the biggest players in the world use it to showcase new products. One company really stands out this year: China's Huawei. Walking out of the Barcelona airport, there's a Huawei hospitality stand. The company's branding dots the city. The lanyards conference attendees wear around their necks are decorated with the Huawei name. There's a good reason everyone is focused on Huawei, one of the world's largest makers of telecom equipment. Huawei is a crucial part of China's efforts to advance superfast 5G wireless networks and today is caught in a life or death battle with the US government. The United States claims that Huawei poses a potential national security threat. Last month, US prosecutors revealed criminal charges against the company, … [Read more...] about It’s all about Huawei. World’s biggest mobile tech show gets started