“Shoulder to shoulder, we can rise above all challenges and move ASEAN forward," Deputy Prime Minister and Foreign Minister Pham Binh Minh said. "I am pleased to share that ASEAN Foreign Ministers are finalizing a statement on the importance of maintaining peace and stability in Southeast Asia region which I in my capacity as the Chair of ASEAN will issue tomorrow on the ASEAN Day, August 8, 2020. This statement will reaffirm ASEAN’s vision, commitment, and fundamental principles to build ASEAN into a region of peace, progress, and prosperity as aspired in the 1967 ASEAN Declaration.” … [Read more...] about ASEAN – a success story of regional cooperation
Third industrial revolution
Regarding imports, the imported beer output reached more than 37 million litres (an increase of 8.9 percent compared to the same period in 2018). The three main sources of beer supply in Vietnam are the Netherlands (25 percent), Mexico (17 percent) and Belgium (16 percent). Compared to beer consumption in Vietnam, beer imports into the country account for a relatively small proportion. Domestic and FDI beer enterprises dominate the domestic market, with the advantage of cheap beer prices, which suits the taste of the majority of customers. … [Read more...] about Vietnam’s beer market expects big changes in 2020
Alcoholic beverages in Viet Nam have to pay taxes at two stages of import and domestic consumption, including three different taxes: import tax (from 5-80 per cent depending on type of FTA), tax value added (10 per cent) and excise taxes (up from 50 per cent to 65 per cent in 2018). This can affect the profitability of beer companies, especially those in the mid-end segment, as this is a competitive segment and customers are most vulnerable to the impact of the best-selling prices. … [Read more...] about Vietnam’s beer market expects big changes in 2020
Hanoi (VNA) - Wood and wooden product exports hit 1.05 billion USD in July, bringing the figure to 6.09 billion USD in the first seven months of this year, a year-on-year rise of 6.2 percent, the Ministry of Agriculture and Rural Development (MARD) has revealed. … [Read more...] about Wood, wooden product exports rise 6.2 pct.
Zero-dong supermarket opened in Thang Long industrial zone to help COVID-19-affected workers A zero-dong supermarket was opened on Saturday to support 1,500 workers of the Thang Long Industrial Zone in Hanoi who have been financially affected by the coronavirus pandemic. … [Read more...] about IZs outside major cities becoming popular investment