When was corporation tax cut

Vietnam, as a result, became a highlight, which drew attention from the international community and investors in the rather bleak context of the global economy overshadowed by the Sino-U.S. trade war. This soon led to developments that were favorable for the balance of foreign currency supply and demand from the basic activities in the economy, such as a trade surplus amounting to US$9.9 billion, remittances estimated at US$16.7 billion, and foreign investment disbursement set at US$20 billion and indirect investment at over US$4 billion. … [Read more...] about Peacetime in sight for the dong

Shin Kyuk-ho founded Lotte Group as a chewing gum manufacturer and built it up into one of South Korea's biggest conglomerates AFP/YONHAP Shin Kyuk-ho was the last of the South Korean entrepreneurs who founded the country's major chaebols, or family-run conglomerates, that now dominate Asia's fourth-largest economy. … [Read more...] about Founder of South Korean retail giant Lotte dies at 97

The impact of global inflation on Vietnam’s economy may be unsubstantial. Since 2014, Vietnam’s inflation has been stable at under 4% per year, principally assisted by controlled credit growth and stable money supply (M2), at 15%-20%. Last year, credit growth was only 13%, which helped keep monetary inflation under control. The salary growth in 2020 is not high, which thus minimizes demand-pull inflation. However, the highest risk is projected to come from cost-push inflation. Pork price has risen sharply during the past three months, which boosted year-on-year (YoY) inflation by the end of December to 5.2%. According to Bao Viet Securities Company’s report, CPI YoY will be especially high (5%-5.5%) in the first half of the year before cooling down toward the end of the year. Generally speaking, CPI YoY by the end of 2020 will be around 3.2%-3.6% while the average CPI in 2020 may be more or less 4%. … [Read more...] about Not too many macro fluctuations expected for 2020

PANO - A ceremony was held at the Dong Da Park in Hanoi on February 23rd (January 5th on the lunar calendar) to mark the 226th anniversary of the Ngoc Hoi–Dong Da Victory and inaugurate the Temple of Emperor Quang Trung. Delegates cutting the ribbon to inaugurate the Temple of Emperor Quang Trung. Present at the ceremony were the National Assembly’s Chairman Nguyen Sinh Hung, Deputy Prime Minister Nguyen Xuan Phuc, and Secretary of the Hanoi City's Party Committee Pham Quang Nghi. … [Read more...] about Ngoc Hoi–Dong Da Victory remembered

However, the fierce competition with imported vehicles, especially those from other member countries of the Association of Southeast Asian Nations (ASEAN) such as Thailand and Indonesia as well as members of free trade agreements which Vietnam has joined will boost Vietnam’s auto import revenue. … [Read more...] about Customers to be centre of auto industry