Business

A plant at Tân Phú Trung Industrial Park in Củ Chi District, HCM City. — VNA/VNS Photo Hồng Đạt HCM CITY — The management board of the Hồ Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target to attract US$550 million in investment capital this …

Global minimum tax is not a big concern as multinational corporations not only consider tax incentives but also other factors and support policies when investing in Vietnam, experts assess. Many firms are worried that the global minimum tax, effective since the beginning of this year, might drive away foreign direct …

CUB announced the enlargement of its consumer finance segmentation, identifying Vietnam as its second home due to the country’s growing significance in the worldwide supply chain. Benny Miao, Executive Vice President (Head of Southeast Asia Region) of Cathay United Bank (CUB), unveiled the strategic business repositioning at the Jan. 4 …

Family members of Samsung Electronics chairman Jay Y. Lee have sold 2.8 trillion won (US$2.12 billion) worth of shares in the company and its affiliates to pay inheritance taxes. The sale of about 29.8 million shares, or a 0.5% stake in Samsung Electronics, was at a discount of 1.2% to …

Despite challenges, the recycling industry hopes to grow this year with the implementation of the extended producer responsibility. — VNA/VNS Photo Huỳnh Thế Anh HCM CITY — Extended producer responsibility (EPR), to be implemented this year and expected to foster the recycling industry, remains a huge effort for Vietnamese businesses, …

Inside a trading room of MXV. — Photo mxv.com.vn HÀ NỘI — Aside from increasing transaction volume, the Vietnam Commodity Exchange (MXV) is currently studying and developing specialist commodity trading systems that will highlight Việt Nam’s strengths in the coming years. This plan is a key priority for MXV during …

A fishing trawler built by the Ha Long Shipbuilding Company, a subsidiary of SBIC, in 2018. — Photo SBIC HÀ NỘI — A process has begun to allow the Vietnam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to Deputy Minister of Transport Nguyễn Xuân Sang. The Ministry of Transport …

Neither short-term land investment nor saving in a bank will significantly improve your home-buying fund, the expert says. Question from reader Khang Tran: My wife and I have a savings of VND600 million (US$24,545) and are currently renting a house in Ho Chi Minh City. I plan to save until …

A customer scans a QR code payment. The number of transactions via QR codes has increased by almost five times since 2018. VNA/VNS Photo HÀ NỘI The average annual growth in the number of transactions via QR code has reached 471.13 per cent since the payment method’s introduction in 2018, …

Headquarters of the State Bank of Vietnam (SBV). SBV’s newly issued Circular 17/2023/TT-NHNN regulates the inspection of compliance with monetary and banking policies and laws of credit institutions. — Photo sbv.gov.vn HÀ NỘI — The State Bank of Vietnam’s (SBV) competent authorities can conduct unscheduled inspections of credit institutions to …