Business

The National Assembly has agreed to reduce Vietnam’s value-added tax (VAT) from 10% to 8% until the end of 2023, but not for some sectors including real estate and banking. Other sectors not covered by the reduced tax, which was agreed on Saturday and will take effect July 1, include …

  More than local and international organisations and businesses attended the 27th Asia International Conference in HCM City on December 5 and 6. — Photo Nguyễn Hiền HCM CITY — Việt Nam’s coffee export volume in the 2023-24 season is likely to be lower than a year earlier due to …

Seafood exports were the highest this year in May, but they decreased in the first five months from the same period last year. The Vietnam Association of Seafood Exporters and Processors (VASEP) said exports were worth over US$808 million in May, driven by a 53% growth in anchovy shipments, 20% …

Many people who borrowed to buy properties in provinces around Hanoi are now resorting to desperate measures like going to loan sharks to meet loan obligations. Two years ago, Trung borrowed money from banks to buy three pieces of lands in Bac Giang Province for around VND2 billion (US$84,746) each. …

HONG KONG SAR – Media OutReach Newswire – 7 December 2023 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”; SEHK stock code: 06979. HK), the fourth largest private-owned baijiu enterprise in China, is pleased to announce it has been rated as one …

SJC gold price rose 0.07% to VND67.1 million ($2,852.29) per tael Saturday morning. Gold ring price went up 0.09% to VND56.35 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed …

Hyosung, South Korea’s leading power transformer producer, is expanding long-term operations in Vietnam because it sees 100 years of successful sustainable development in the future here, the company’s chairman said. Speaking at a meeting with Prime Minister Pham Minh Chinh on Friday afternoon, chairman Cho Hyun Joo said Hyosung considered …

Rising water levels at hydropower plants have ensured supply for average electricity demand in northern Vietnam, and load shedding is no longer necessary. Producing power in the upcoming week will no longer face challenges as in the end of May and early June as flood season has arrived in the …

Vietnam’s benchmark VN-Index rose 0.36% to 1129.38 points Friday, its fourth rising session in a row. The index closed 4.08 points higher after gaining 6.84 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 2% to VND18.19 trillion ($773.22 million). The VN-30 basket, comprising the …

Share of regional cross-border investment within Asia Pacific reached a 6-year high at 18% in Q3 2023 Mainland China investors dominated local CRE market activity in Q3 to take an all-time high of 96% of total quarterly investment volume HONG KONG SAR – Media OutReach Newswire – 7 December 2023 …