Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab on April 11. A corner of HCM City (Photo: VNA) The...

Thanh Cong Group (TC Group) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February. Thanh Cong Group reports the sales of over 5,770 Hyundai automobiles in Vietnam last month. (Photo: VNA) Hyundai Accent continues to be the best-seller model in March with 1,355 units delivered...

The northern coastal province of Quang Ninh once again topped Vietnam’s Provincial Competitiveness Index (PCI) 2022, according to the PCI 2022 report released on April 11 by the Vietnam Chamber of Commerce and Industry (VCCI). Part of the northern coastal province of Quang Ninh (Photo: VNA) This is the 6th year in a row Quang Ninh has topped the...

Vietnam’s non-life insurance market has continued to attract foreign investors in the first months of this year. Staff at an insurance company checks a car for compensation. Experts forecast the competition in the motor vehicle insurance segment will become fiercer. (Photo tinnhanhchungkhoan.vn) Two domestic insurance companies, the Vietnam National Aviation Insurance Joint Stock Corporation (VNI) and Military Insurance Corporation...

Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to drastically instruct the removal of obstacles to major projects, while stepping up inspections to handle limitations in production, business, construction investment and trade. The national GDP in the first quarter of this year grows 3.32% year-on-year. (Photo: VNA) In a dispatch sent to leaders of ministries,...

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy. A shopper browses products at a supermarket in HCM City (Photo: VNA) According to the ministry's tax department, the government is to consider two options...

A conference on promoting trade, investment and economic cooperation between Vietnam and China’s Hainan province took place in the local Haikou city on April 10, attended by the sides’ officials and approximately 120 enterprises. Vietnamese Minister of Industry and Trade Nguyen Hong Dien addresses the conference. (Photo: VNA) Co-chairing the event, Vietnamese Minister of Industry and Trade Nguyen Hong...

A delegation led by Minister of Industry and Trade Nguyen Hong Dien attended the opening ceremony of the third China International Consumer Products Expo in Haikou city of Hainan province on April 10. The Vietnam Pavilion at the third China International Consumer Products Expo. (Photo: vneconomy.vn) Speaking at the event, Dien stressed that the Vietnam-China comprehensive strategic cooperative partnership...

The northern province of Bac Ninh attracted more than 565 million in foreign investment in the first quarter of 2023, ranking third among localities nationwide, according to the provincial People's Committee. Gia Binh II Industrial Zone in Bac Ninh province. (Photo dangcongsan.vn) In the reviewed period, the province granted licences to 55 new projects, worth 481 million USD,...

Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity. Farmers dry coffee beans at a cooperative in Son La province.(Photo: VNA) As of the start of 2023, domestic coffee prices have risen by approximately 20%...