Foreign suppliers have paid more than 7.36 trillion VND (312.8 million USD) worth of taxes through an electronic portal dedicated to them from March 21, 2022, according to the General Department of Taxation (GDT). The General Department of Taxation's Information Technology System Monitoring Centre (Photo: VNA) Of the total, over 3.9 trillion VND has been collected since the beginning...

Despite suffering a year-on-year decrease of 11.1% in the first five months of 2023, agro-forestry-aquatic product exports are expected to rebound in the remaining months of this year thanks to recovery momentum in main export markets, insiders said. Illustrative image. (Photo: nongnghiep.vn) The total import and export value of agro-forestry-aquatic products in the first five months of this year...

Vietnam’s consumer price index (CPI) inflation continued to trend down for the fourth month, declining from 2.8% in April to 2.4% in May, according to the Vietnam Macro Monitoring report released by the World Bank on June 19. Illustrative image (Photo: VNA) Core inflation remained elevated, at 4.5% in May, compared to 4.6% in April. The report said...

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel. After becoming the first Asian central bank to cut its policy rate in early April, the State Bank of Vietnam cut again in...

Unlimited capacity, exemption from power operation licenses, various tax exemptions and reductions, access to loans are some of the incentives for rooftop solar power systems for self-consumption. Illustrative image (Photo: Cong Thuong newspaper) Following the Government's directions, the Ministry of Industry and Trade (MoIT) built and submitted a proposal to the Prime Minister for consideration and approval of...

The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity. Interest rate cut is expected to pump economy up (Photo: VNA) According to experts, the four major reasons behind the...

Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging 40 billion USD per day, according to Pham Anh Tuan, Director of the State Bank of Vietnam (SBV)’s Payment Department. Average payments via banks reach 40 billion USD a day (Photo: VNA) Speaking at a recent seminar held as part of...

From June 16 to June 18, the delegation of the Center of Industry and Trade Promotion of the Department of Industry and Trade of Lang Son province attended the trade connection program between suppliers in the North and North Central region with export businesses and trade promotion organizations at Tran Nhan Tong pedestrian street, Hai Ba Trung, Hanoi. Customers...

The Department of International Trade Promotion (DITP) of Thailand has recommended local retailers to adapt their businesses and tap into the fast-growing Vietnamese market, which shows a highly promising growth trend. Vietnam’s retail market is expected to reach 350 billion USD in 2025 (Photo: baodautu.vn) The country’s The Nation newspaper quoted DITP director-general Phusit Ratanakul Sereroengrit as saying Thai...

Prime Minister Pham Minh Chinh attended the inaugural ceremony of the Nha Trang-Cam Lam and Vinh Hao-Phan Thiet Expressways in the south-central coastal province of Khanh Hoa on June 18. PM Pham Minh Chinh speaks at the event. (Photo: VNA) The expressways are included in the eastern part of the North-South Expressway project for the 2017-2020 period. The...