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Business

Facebook, Google, YouTube likely obliged to pay taxes in Vietnam

Foreign tech giants like Facebook, Google, and YouTube will have to pay taxes in Vietnam under a draft circular, after years of invoicing their revenues out of the country.

Ly Son garlic reputation threatened by fake products

The prices and the reputation of Ly Son garlic have fallen as low-quality garlic from other areas are being brought to the island and faked as Ly Son garlic.

VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, plans to set up an automobile plant in the US after establishing a 50-member R&D office in San Francisco in preparation for California automobile sales in 2022, Bloomberg reported.

Vietnam, EFTA poised to finalize FTA later this year

The nation’s Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) is likely to be completed later this year to coincide with the country celebrating the 50th anniversary of diplomatic relations with Switzerland.

Vietjet offers free baggage allowance on domestic routes

The budget carrier Vietjet Air has offered free 20kg of checked baggage for passengers on its entire flight network across Vietnam.

Vietnam sees rising vegetables and fruit exports to Thailand

Vietnam agricultural products exported to Thailand have increased sharply in the first months of 2021.

Vietnam’s consumer price index in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office.

Nha Trang and Danang hotel owners sell up

Many hotels have been put on sale in Nha Trang and Danang cities due to losses caused by the Covid-19 pandemic.

More Business

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Qantas posts huge loss, says no international flights until October(02/25/2021)
Binh Duong firms face recruitment difficulties(02/25/2021)

Grab invests USD500m into Vietnam's e-economy

Grab announced that it will invest USD500m into the e-economy in Vietnam as the Decree 10 has legalised app-based taxis which will enable app-based taxi firms to operate in more provinces and cities in Vietnam.

Finance

Flexible, cautious monetary policy management bears fruit

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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