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Excise tax on sugary beverages sparks debate between industry and experts

The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products.

OceanBank and CB Bank officially transferred to MB and Vietcombank

The State Bank of Vietnam has officially transferred OceanBank and CB Bank to new ownership, guaranteeing the safety of depositors' funds at every stage of the transition.

Challenges loom for Vietnam’s ambitious offshore wind power plans

Experts are concerned that Vietnam's target of 6,000MW of offshore wind power by 2030 may be out of reach, citing legal gaps and the need for pilot mechanisms to attract investment.

Remittances to HCM City continue to grow, expected to increase 10% in 2024

Remittances to Ho Chi Minh City in the first nine months of 2024 reached nearly $7.4 billion, showing a 10.5% increase compared to the same period last year, despite a slight quarterly decline.

Ministries back proposal to tax multiple property owners

The Ministry of Construction and the Ministry of Finance have aligned on a proposal to tax multiple property owners in an effort to reduce speculative behavior and stabilize the real estate market.

Optimism grows as Vietnam's economy forecasts strong 2024 growth

With GDP growth in the first nine months of 2024 reaching 6.82%, Vietnam’s economy is on track for a strong recovery, buoyed by industrial production and a trade surplus.

New regulation confirms EVN’s monopoly on surplus rooftop solar energy purchases

Only Vietnam Electricity (EVN) will be authorized to purchase excess rooftop solar power, according to a newly proposed regulation from the Ministry of Industry and Trade.

Vietnam spends US$1.11 billion on importing corn from Argentina

Vietnam imports corn from five major markets, with Argentina emerging as the largest supplier, accounting for 57% of the country’s total corn imports over the past nine months, according to the General Department of Vietnam Customs.

VN to meet GDP growth target if post-Yagi support solutions quickly implemented

Vietnam is likely to secure the 7% economic growth target this year as set by the Government if solutions to support businesses and people bearing the brunt of the recent super typhoon Yagi are implemented very quickly.

Electronic contract signing a key part of Vietnam’s digital economy

Businesses across the country have adopted multiple electronic authentication solutions to enhance operational efficiency, including tools such as electronic certification, digital signatures, eKYC, identity verification and electronic contracts.

Tran Dinh Long's recovery: Will he cement his position among Vietnam's richest?

With Hoa Phat’s remarkable recovery in 2024, Tran Dinh Long’s fortune has doubled. Could this momentum push him to the top of Vietnam’s billionaire rankings?

Vietnam's airlines face hefty carbon credit costs amid Corsia participation

As Vietnam's airlines prepare to participate in the voluntary phase of the Corsia program, they face costs ranging from $4.6 million to $31 million for carbon credits. Will this lead to higher airfares?

New regulations on foreign indirect investment in Vietnam drafted

The State Bank of Vietnam (SBV) is drafting a circular to better manage foreign investment protocols and hopefully make them speedier.

Property sector remains vulnerable to money laundering: SBV

Vietnam’s property sector remains vulnerable to money laundering with the risks high in the sector, according to the latest report by the State Bank of Vietnam (SBV).

Vietnam is the most improved place to do business: EIU

Vietnam improved its business environment the most over the past two decades, according to a recent analysis by the Economist Intelligence Unit (EIU).

Vietnam's trade turnover poised to hit 800 billion USD mark

Vietnam’s import-export value is likely to touch the 800 billion USD mark by year-end, far exceeding a record of 732 billion USD seen in 2022, economic expert Dinh Trong Thinh has said.

M&A market likely to bustle at year-end: Experts

Big merger and acquisition (M&A) deals seen in the market recently have signaled a busy period in the rest of the year when the legal corridor becomes smoother.

Bamboo Airways to resume int’l flights from November

Bamboo Airways will officially resume international flights on November 26, starting with one round-trip flight per day on the direct route between Tan Son Nhat Airport in HCM City and Don Mueang International Airport of Bangkok, Thailand.

Growth target feasible given positive nine-month performance

Many positive signs have been recorded in foreign trade, investment attraction, industrial production, and purchasing power during the first nine months of 2024, enhancing the confidence that this year’s GDP growth target of 7% is within reach.

Vietnamese sugar cane tops ASEAN in productivity for first time

The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).