As announced early this month by Yoshihisa Maruta, president of Toyota Motor Vietnam, the Vietnamese unit of the world’s largest carmaker is mulling over putting an end to production and switching to imports in order to enjoy the preferential tax treatment an ASEAN trade pact will offer in the next three years. … [Read more...] about Vietnam automobile industry faces collapse after Toyota announcement about possible production end
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Vietnam’s digital printing plates subject to India’s anti-dumping probe Vietnam is among several countries and territories affected by India’s new anti-dumping probe against digital printing plates, said the Vietnamese Ministry of Industry and Trade (MoIT). … [Read more...] about Vietnam imposes temporary anti-dumping duties on Chinese products
To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
“Tourism service quality in Việt Nam had improved in recent years, but it has not yet attained its potential. A series of barriers remain, including traffic, food safety and slow digital transformation, while joint actions among agencies, local authorities, the private sector and State-owned industries in boosting tourism are yet to see rapid change,” Đam said. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
For the first 11 months of this year, exports likely rose 5.3% from a year earlier to $254.59 billion, while imports were up 1.5% to $234.50 billion, resulting in a trade surplus of $20.09 billion. … [Read more...] about Vietnam Nov trade surplus plunges to $600 mln, industrial output rises 9.2%