Archive for October 24th, 2019

Vietnam enjoys growing trade surplus of over $6.8 billion

24-Oct-2019 Intellasia | VOV | 6:02 AM

Vietnam recorded a trade surplus of over $6.8 billion between the beginning of the year and October 15 with total import-export turnover reaching over $403 billion, according [...]
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Tax liability reaches $3.9 billion with nearly half being uncollectable

24-Oct-2019 Intellasia | VNS | 6:02 AM

The country’s outstanding tax payments had reached VND88.25 trillion (US$3.8 billion) as of September, up 8.2 per cent from the end of 2018, Finance minister Dinh Tien [...]
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State budget revenue from enterprises seen dropping

24-Oct-2019 Intellasia | The Saigon Times | 6:02 AM

Tax collections from State-owned, foreign direct investment and local private enterprises have been estimated to fall 5.9%, 4.1 percent and 1.9 percent this year, [...]
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Supply-demand imbalance, origin fraud puts pressure on steel manufacturing in Vietnam

24-Oct-2019 Intellasia | Vietnamnet | 6:02 AM

The biggest difficulties facing Vietnam’s steel industry are trade remedies applied by importing countries and supply of materials. Overproduction The World Steel [...]
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US lowers antidumping tariffs on Vietnamese tra fish

24-Oct-2019 Intellasia | The Saigon Times | 6:02 AM

The US Department of Commerce (DOC) has announced the preliminary results of the 15th period of review (POR15), reducing antidumping tariffs on tra fish imports from Vietnam, [...]
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Vietnam’s finance ministry proposes canceling $705.6 million in tax fine

24-Oct-2019 Intellasia | HanoiTimes | 6:02 AM

Most of the tax arrears came from tax payers who were death, missing, have lost the civil act capacity or their companies are subject to bankruptcy. Vietnam’s Ministry [...]
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Import-exports to top $500b

24-Oct-2019 Intellasia | VNS | 6:02 AM

Vietnam’s import-export turnover was on target to hit $500 billion this year, said director of the general Department of Customs Nguyen Van Can. There were nearly [...]
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Socioeconomic targets set for 2020

24-Oct-2019 Intellasia | VN Economic Times | 6:02 AM

PM addresses ongoing session of National Assembly on October 21. Vietnam will reach all targets set for 2019 and continue to set socioeconomic targets for 2020, prime [...]
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Govt’s trade performance target courts controversy

24-Oct-2019 Intellasia | The Saigon Times | 6:02 AM

The National Assembly Economic Committee has asked the government to explain its target of a trade deficit below 3 percent of export revenue next year given that the country [...]
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Vietnam Industry White Paper 2019 released

24-Oct-2019 Intellasia | VNA | 6:02 AM

The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam [...]
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Government proposes minimum wage increase

24-Oct-2019 Intellasia | The Saigon Times | 6:02 AM

The government has called on the legislative National Assembly (NA) to raise the monthly base salary for the coming year to VND1.6 million (US$69) to keep up with the [...]
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VN among global top 20 growth drivers but unlikely to maintain pace

24-Oct-2019 Intellasia | VNS | 6:02 AM

Vietnam is among the top 20 contributors to global economic growth, according to a Bloomberg analysis of International Monetary Fund (IMF) data. The country, along with [...]
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Disbursement of public investment funds just meets 50pct of target YTD

24-Oct-2019 Intellasia | Hanoi Times | 6:02 AM

The government expected expenditure for development in 2020 to increase by VND41.3 trillion (US$1.77 billion) or 9.6 percent higher than the estimate in 2019 and account for [...]
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Domestic chicken industry faces stiff competition from imports

24-Oct-2019 Intellasia | Vietnamnet | 6:02 AM

The Vietnam Poultry Livestock Association, which met late last week, expressed its concern about the massive imports of chicken, saying that it will kill the domestic [...]
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