Category: Economy
Ministry requests tax reduction to boost tourism
The Ministry of Culture, Sports and Tourism has sent a request to the prime minister asking for a reduction of 50 percent on Value Added Tax and 50 percent on Income Tax for [...]
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Vietnam to pay $6.1b in public debts in 2013
The Vietnamese government must pay a total of VND126.8 trillion, or $6.1 billion, worth of public debts this year, according to the directive approved by the prime minister [...]
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Market Watch cracks down on violations
National Market Watch forces declared more than 28,380 violations and collected fines totalling 67.7 billion VND (3.2 million USD) in the first four months of this year. This [...]
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Retail, social service turnover rises nearly 12 pct
Total turnover from retails and social services in the first four months of 2013 reached nearly 850 trillion VND, up 11.8 percent against the same period last year. The [...]
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More businesses in HCM City suspend operations
In the first quarter, nearly 5,000 businesses based in HCM City suspended operations, or equal to 63.8 percent of the number of newly registered businesses for the same [...]
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Vietnam-Malaysia trade up 36.5pct in Q1
Two-way trade between Vietnam and Malaysia hit $2.142 billion in the first quarter of 2013, a year-on-year increase of 36.5 percent. In January-March period, Vietnam earned [...]
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Exports to Singapore increase sharply
Vietnam’s export earnings from Singapore in the first quarter of this year reached 692 million SGD, over 30 percent higher than in the same period last year. The [...]
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Unemployment rate: accurate figures or not?
Old statistics but the issue has reached a new level. During a session to review the government’s socio-economic report, held by the Economic Committee of the National [...]
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Budget revenue reaches 76tr dong in April
Government revenue hit 76 trillion VND (3.65 billion USD) in April, raising the total revenue in the first four months of this year to 244.1 trillion VND (11.71 billion USD), [...]
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Finland, Vietnam foster trade links
Seeking investment opportunities and promoting Vietnam-Finland trade links were the focus of a seminar held in the central city of Danang on May 6. Participants were briefed [...]
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Economic recovery hampered by exhausted firms
The rising number of exhausted businesses will hinder the economy from recovering its growth next year, said the National Financial Supervisory Committee. In the first four [...]
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Central region tops FDI attraction list
The north central and central coastal provinces took the lead in attracting foreign direct investment (FDI) in the first four of this year. According to the Foreign [...]
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Tourism ministry seeks tax cut to spur demand
The Ministry of Culture, Sports and Tourism has proposed the government to halve the value-added tax (VAT) for tourism enterprises in 2013 to spur demand. In a petition to [...]
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Industrial production in recovery
Vietnam saw a slight recovery in industrial production with the return of a $1 billion trade deficit in April, according to a report from the Ministry of Industry and Trade [...]
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‘Double trouble’ for capital in the economy
Undeveloped banking credit The National Financial Supervisory Commission’s (NFSC) report on Vietnam’s socio-economy for April 2013 showed that conditions for [...]
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