The Ministry of Finance wants e-commerce companies such as Shopee, Tiki and Lazada to pay taxes on behalf of their vendors to simplify administrative procedures. In a recent draft decree that is awaiting government approval, the ministry repeated its proposal from last year that was met by objections from e-commerce …
Read More »$128,000 will no longer get you a new apartment in urban Hanoi
After many months of searching Quynh Tram in Hanoi realized that with her budget of VND3 billion (US$128,000) she could not buy an apartment in an urban area. In mid-2021 the woman from Bac Tu Liem District tried to buy a small new apartment at the Diplomatic Corps project near …
Read More »C-River View apartments benefit from legal completion
C-River View apartment project developer has been approved by Binh Duong Department of Construction to sell houses built in the future. Doan Ngoc Nhan, a real estate investor from Ho Chi Minh City, stated that he had chosen an apartment in Thu Dau Mot, Binh Duong Province, after much consideration. …
Read More »Vietnam does not give up in difficult circumstances: PM
Despite the current global economic downturn, Vietnam will “not sit and wait” but vigorously seek ways to stabilize and restore the economy, says Prime Minister Pham Minh Chinh. Chinh’s assertion came as he presided over a Monday conference on maintaining macroeconomic stability, managing inflation, stimulating growth and ensuring a balanced …
Read More »Major firms spend big on pig farming
Many big companies have been investing trillions of dong (VND1 trillion= $41.67 million) in raising pigs, with the Vietnamese pork market estimated at $15 billion. According to a recent financial report by Thaiholdings Joint Stock Company, through its subsidiary Thaigroup, it has joined hands with third parties to invest VND600 …
Read More »Big firms spend big on pig farming
Many big companies have been investing trillions of dong (VND1 trillion= $41.67 million) in raising pigs, with the Vietnamese pork market estimated at $15 billion. According to a recent financial report by Thaiholdings Joint Stock Company, through its subsidiary Thaigroup, it has joined hands with third parties to invest VND600 …
Read More »Gasoline prices fall to lowest level since January
Vietnam’s gasoline prices on Monday fell 4.39-5.03% to the lowest in the year-to-date. A liter of popular RON 95 gasoline now costs VND23,210 ($0.99), down VND1,120. That of biofuel RON 92 E5 costs VND22,230, down VND1,020. This means prices have fallen 28.98-29.39% since this year’s peak on June 21. Prices …
Read More »Stock trading plunges to 6-week low
Vietnam’s benchmark VN-Index rose 0.07% to 1,249.62 points Monday, with trading value lowest in over six weeks. The index closed 0.84 points higher after gaining 14 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22% to VND10.75 trillion ($457.08 million), lowest since July 27. …
Read More »Northern province eyes $276-mln airport to stimulate tourism
The northern province of Son La wants a VND6.5-trillion (US$276.3-million) plan to build Moc Chau Airport to be included in the national aviation development scheme. The airport will come up on 350 hectares but local authorities have not said where. The airport would help boost economic development in Son La, …
Read More »VinFast plans US, Europe electric car export in November
VinFast plans to ship 5,000 electric vehicles to the U.S., Canada and Europe in early November and deliver them to customers the following month. The company made this announcement after handing over the first 100 VF 8 cars to the first batch of customers in Vietnam on Saturday. It has …
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