VinFast estimated it sold a total of 29,485 vehicles in 2020, including 18,016 Fadil cars, 6,013 Lux A2.0 cars and 5,456 Lux SA2.0 models. From 2022, VinFast plans to introduce two more gasoline-powered cars and three electric models, expected to account for 30 per cent of the car market share in Viet Nam. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26
Vietnam business news
Investment in technology in Southeast Asia: focus shifts to Vietnam
Do Ventures, in its report on the investment potential in Vietnam's technology sector based on data in 2019 and the first months of 2020, noted the rapid expansion of the middle class and the number of internet users. Because of Covid-19, more Vietnamese began to use online services, including non-cash payment methods. … [Read more...] about Investment in technology in Southeast Asia: focus shifts to Vietnam
Vietnam shows its ‘firm stuff’ after five years of difficulties
Tran Toan Thang, a respected economist, said in the 2016-2019 period, Vietnam had great success in developing the economy. The GDP growth rate hovered around 7 percent in the 2018-2019 period. And if the macro indicators in 2020 had been similar to previous years, the figures in 2016-2020 would have been very good. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties
UNDP vows to accompany Vietnam in development process
Hanoi (VNA) – Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA). During the interview, Wiesen said Vietnam was commended for the significant preparations of all the background documents for the 13th National Party Congress, particularly socio-economic development strategy and the socio-economic development plan. The official noted these critical documents will determine Vietnam’s cause of development for the next five- and ten-year periods. Wiesen affirmed the UNDP has been delighted to partner with the Ministry of Planning and Investment and other partners to contribute to the development of the socio-economic strategy and plan, saying it is looking forward to joining the Vietnamese Government in implementing them. The UNDP … [Read more...] about UNDP vows to accompany Vietnam in development process
Science, tech firms in Vietnam to enjoy 13 years of tax deduction
Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a Ministry of Finance circular effective in March. … [Read more...] about Science, tech firms in Vietnam to enjoy 13 years of tax deduction
