The Government Office recently sent an urgent dispatch to the Minister of Industry and Trade regarding recommendations to deal with shortcomings in the building and issuance of a pricing mechanism for electricity generation of transitional wind and solar power plants. Illustrative image (Source: diendandoanhnghiep.vn) On March 20, Minister of Industry and Trade Nguyen Hong Dien also signed and...

Leading Vietnamese IT service provider FPT Software has opened a nearshore development centre in Nanning city of China’s Guangxi province to better serve the billion-people market, especially in the automotive industry. The nearshore development centre in Nanning city of China's Guangxi province is FPT's second office in China, after the first launched in Shanghai in 2017. (Photo: FPT) This...

The Government has agreed with the Ministry of Finance (MoF)’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services subject to a 10% VAT. Illustrative image (Source: vtv.vn) According to a document sent from the Government Office to the MoF,...

Recently, the number of trucks carrying import and export goods through border gates in the province has increased, leading to congestion. Up to now, the above situation has basically been resolved. To get that result, the functional forces at the border gate and related agencies have synchronously implemented solutions to increase customs clearance capacity. Mr. Tran Van Nghia, Deputy...

Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF). Vietnam’s GDP is projected to grow 5.8% this year. (Photo: VNA) Notably, Vietnam’s public debt is expected to stay at the lowest as compared with eight other ASEAN member...

The Ministry of Transport has set a goal of completing three component projects of the North-South Expressway Project before April 30, which is the Liberation of the South and National Reunification Day. A section of the North-South Expressway being completed (Photo: VNA) The three projects of Mai Son-National Highway No. 45, Vinh Hao-Phan Thiet and Phan Thiet-Dau Giay...

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy, said Vice Chairman of the Vietnam Steel Association (VSA) Doan Danh Tuan. The steel market is expected to recover...

VinFast, a member of Vietnamese private conglomerate Vingroup on April 15 announced that a batch of its 1,800 VF 8 electric cars is now at MPC Port in the northern city of Hai Phong for export to the US and Canada. A batch of VinFast's 1,800 VF 8 electric cars is now at MPC Port in the northern...

Manulife Vietnam settled claims worth nearly 7 trillion VND (298.55 million USD) last year, a 36% increase from the previous year, the insurance company said in a press release. Manulife Vietnam settles claims worth nearly 7 trillion VND (298.55 million USD) in 2022, a 36% increase from the previous year. The first foreign-owned life insurer in the country...

Standard Chartered Bank has announced the launch of a strategic partnership with information technology company MISA JSC to offer unsecured invoice financing to small and medium-sized enterprises at competitive interest rates and straight-through processes. Representatives from Standard Chartered Bank and MISA at the launch of their digital financing for SMEs via the MISA Lending platform. (Photo courtesy of...