Big data on e-commerce would help the tax watchdog to efficiently collect tax from foreign cross-border IT services providers, according to Nguyen Bang Thang, director of Tax Management Department of Large Enterprises. Illustrative image (Photo: kinhtedothi.vn) Statistics showed that cross-border IT services and social network providers including Google, Apple, Facebook, Netflix, TikTok and Microsoft, paid around 4 trillion VND...

The insurance sector is attracting the attention of investors when it comes to investment portfolios because businesses in this group have recorded positive results in recent years. Illustrative image (Photo: BIDV Insurance Corporation) According to the business report for the first six months of 2023 of BIDV Insurance Corporation (BIC), insurance premium revenue reached 2.36 trillion VND, up...

The sales revenue of the Republic of Korea’s Orion confectionary maker in Vietnam has surpassed 200 billion KRW (150 million USD) for the first time, further solidifying its highly positive growth trend in the Vietnamese market. At Orion factory (Photo: VNA) According to the data announced by the company on August 11, its total revenue hit 224.1 billion...

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said. Vietnam’s exports to the North European markets during the 2020-2022 period grow 14.7%...

The US Department of Commerce (DOC) has issued its final determination that certain imported products from Vietnam do not evade the anti-dumping and countervailing duties that the US is applying to similar items from Taiwan due to the fact that these products do not use hot-rolled steel (HRS) sourced from Taiwan (China), announced the Trade Remedies Authority of...

The US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) has announced its permission for Vietnam to export fresh husked coconut to the country. Vietnam gets green light to export fresh husked coconut to US. -Illustrative image (Photo: nongnghiep.vn) APHIS has sent a letter to the Plant Protection Department under the Ministry of Agriculture and...

The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025. Vietnam's economy is predicted to grow strong in the next two years. (Photo: VNA) The bank made the prediction in its latest economic update entitled “Making Public Investment Work for Growth” released on August 10. The...

The Vietnam International Logistics Exhibition (VILOG) 2023, the first of its kind, opened in Ho Chi Minh City on August 10. Product introduction activities at the expo. (Photo: VNA) Featuring 345 booths by 250 firms from 22 countries and territories, it is showcasing products, services, and latest technologies in the fields of transport and forwarding, services and warehouse systems,...

The Vietnam E-commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade (MoIT), in coordination with Amazon Global Selling Vietnam and Hanoi's Department of Industry and Trade, on August 10 organised a workshop to discuss measures to support local enterprises export through e-commerce. Illustrative image. (Photo: vnbusiness.vn) The event aimed to enable Hanoi’s enterprises and...

The total output of fresh fruit exported and imported through the provincial border gates in the first 7 months of 2023 (mainly through Tan Thanh Border Gate and Huu Nghi International Border Gate) reached nearly 1.1 million tons, an increase about 20% over the same period in 2022. Of which, nearly 920 thousand tons of fresh fruit were exported,...