business news

Update news business news

Second home tax: potential pitfalls in Vietnam's real estate market

Recent proposals by the Ministry of Construction and the Vietnam Real Estate Brokers Association to tax second homes have reignited a fervent debate, highlighting potential drawbacks that could overshadow the intended benefits.

5G will play key role in building digital economy: Experts

Experts highlighted the important role of digital infrastructure, especially 5G technology, in developing Vietnam's digital economy at a workshop in Hanoi on September 30.

Vietnam's cashew industry faces risk of trade deficit

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.

Vietnam’s economy rebounds strongly amidst external uncertainties

International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.

Insurer receives hundreds of billion of VND despite losses during typhoon

Insurance companies have estimated that the total number of claims for losses caused by Typhoon Yagi have reached tens of trillion of VND.

First $5 billion petrochemical complex in Vietnam goes live

The Long Son Petrochemicals, a landmark $5 billion project by SCG Group in Vung Tau, has started its commercial operations, introducing a new era in Vietnam’s petrochemical production.

China's auto industry giants to ramp up investments in Vietnam

During the 13th session of the Vietnam-China Economic and Trade Cooperation Committee in Beijing, discussions led by industry ministers highlighted a significant move by China's automotive leaders to intensify their business and production in VN.

HSBC keeps Vietnam’s GDP growth at 6.5% for 2024, 2025

HSBC has maintained its GDP growth forecast for Vietnam at 6.5% for both 2024 and 2025 in its “Asian Economics Quarterly – Comin’ for a landing” report.

State Bank of Vietnam takes measures to stablise gold market

The State Bank of Vietnam (SBV) is working closely with ministries and local authorities to implement comprehensive strategies to address significant price disparities and stabilise the gold market.

Tight control over airfare pricing required: MoT

The Ministry of Transport (MoT) has recently requested specialised State management agencies to closely monitor airfare prices and review the pricing structure of tickets offered by airlines.

Taxpayers call for stricter measures to accelerate VAT refunds

The HCM City Tax Department has retroactively collected VNĐ36.7 billion, indicating that VNĐ127 billion cannot be refunded or offset. As of June 2020, the unresolved VAT amount has surged to VNĐ366 billion.

Avoid borrowing to invest amid gold price frenzy: expert

The domestic gold market shone last week, with prices of gold rings continuously breaking records and even surpassing the buying price of SJC gold bars.

Unprecedented opportunity for oil giants in offshore wind power

According to the International Energy Agency (IEA), the oil and gas sector’s experience in executing offshore projects contributes significantly to sharing supply chains and technology.

Ovagen: essential support for women with PCOS seeking to conceive

Ovagen provides targeted support for women with polycystic ovary syndrome, combining essential vitamins and nutrients to enhance fertility, regulate cycles, and improve overall reproductive health.

Are there opportunities for VN to join the aviation industry?

Unable to become a direct partner of large aircraft manufacturers, Vietnam businesses should connect with related vendors to find opportunities in the aviation industry.

If carbon market starts late, Vietnamese businesses will be at a disadvantage

The price of one carbon credit for one ton of steel is now hovering around 80-100 euros. The figure is expected to reach 300 euros by 2030. This would affect hundreds of enterprises in Vietnam.

Businesses need to strengthen capacity for responding to trade defence lawsuits

The Ministry of Industry and Trade believes that it is necessary to continue to promote early warning on trade remedy for Vietnamese export goods.

Capital market could be major financial source for private sector: WB

The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.

First Vietnam fruit festival opens in China

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.

Vietnam, China hold 13th session of Economic and Trade Cooperation Committee

Minister of Industry and Trade Nguyen Hong Dien and Chinese Minister of Commerce Wang Wentao co-chaired the 13th session of the Vietnam-China Economic and Trade Cooperation Committee in China on September 29.