The Ministry of Planning and Investment has asked People’s Committees of cities and provinces to instruct relevant agencies to review foreign-invested projects in the localities. Illustrative image (Source: VNA) The move aims to raise the quality of foreign investment attraction and remove difficulties facing the FDI firms, as requested by the Government and the Prime Minister. Under a document...

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts. A port in Vietnam (Photo: VNA) Vietnam’s signatory FTAs, especially recent agreements will promote trade breakthroughs and generate major trade surplus for 2022 and build momentum for 2022-23 in the process. Despite Vietnam’s challenges, exports...

Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Illustrative image (Photo: VNA) Despite various challenges and difficulties caused by the COVID-19 pandemic and global changes in the...

Competent agencies and localities of Vietnam, including Bac Giang – the country’s lychee growing hub – always create favourable conditions for Chinese businesses and traders to buy the fruit in Bac Giang, Foreign Ministry spokeswoman Le Thi Thu Hang said at a routine press conference on May 26. The northern province of Bac Giang is Vietnam's lychee growing hub....

Demand for Vietnam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Vietnam Association of Seafood Exporters and Producers (VASEP). Tra fish processing for export (Photo: VNA) Tra fish exports are projected to surge a whopping 97 percent year-on-year in the first five months of 2022, reaching 1.1 billion USD. Besides...

Organisations and individuals buying, selling and transferring real estate under two separate prices, meaning that the actual purchase price is lower than that on the notarised contract, is increasingly common and has caused great losses of revenue to the State budget. To promote the management of real estate transfer activities, the Ministry of Finance has sent an official...

On the morning of May 25, in Hanoi, the Government's Steering Committee for Administrative Reform held a conference to announce The Satisfaction Index of Public Administration Services (SIPAS) and the Public Administration Reform Index (PAR Index) for the 2021 of ministries, ministerial-level agencies, People's Committees of provinces and centrally run cities. Attending and chairing the conference were Mrs. Pham...

Minister of State at the Department for Environment, Food and Rural Affairs (DEFRA) of the UK Victoria Prentis on May 25 highlighted the importance of the Vietnam-UK agriculture and rural development cooperation, especially now that the UK government considers Vietnam as a vital partner in the Indo-Pacific region. Deputy Minister of Agriculture and Rural Development of VietnamPhung Duc Tien...

Facebook ads in Vietnam will be subject to a 5 percent value added tax (VAT) beginning from June 1. Facebook ads in Vietnam will be subject to a 5 per cent value-added tax beginning from June 1. (Photo vtv.vn) This affects advertisers who have set Vietnam as their “Sold To” country on their business or personal address. In addition...

Mekong Delta localities are enlarging areas for the cultivation of premium-quality and fragrant rice varieties highly favoured by major markets in an effort to sustainably boost exports. Illustrative photo. (Source: VNA) Soc Trang plans to raise the revenue of agricultural cultivation to over 250 million VND (10,770 USD) per hectare in average by 2025 and increase the share of...