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Tag Archive for ‘China’

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

Vietnam’s rice exports on sharp rise

Rice exports rose high by 19.8% in volume to 3.96 million tons and 17.5% in value to US$1.75 billion in the first eight months of this year against the same period last year, according to the Ministry of Agriculture and Rural Development. Vietnam has set a rice export target of around 5.7 million tons. To […]

MoIT stake sale’s main lure: VEAM

The Ministry of Industry and Trade has announced plans to divest from six firms under its management from now until 2020, most notably, in this year’s sell-off of Vietnam Engine and Agricultural Machinery Corporation stock. Last week, a list of six firms slated for partial and complete divestment was released by the Ministry of Industry […]

Vietnam looks to increase exports to the Middle East

A conference on Vietnam-Middle East business cooperation was held in Hanoi on August 28, drawing more than 40 leading Vietnamese export firms. Addressing the event, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the Middle East is a huge market and a gateway to the European market. Vietnam eyes high hope for […]

Vietnam’s seafood exports roses by 18.1 percent in 8 months of 2017

Vietnam shipped US$749 million worth of seafood abroad in August, bringing seafood exports in the first eight months of 2017 to US$5.13 billion, up 18.1 percent from the same period last year. According to the Ministry of Agriculture and Rural Development, the largest buyers of Vietnamese seafood included the United States, Japan, China and the […]

Vietnam becomes RoK’s third largest exporting market

The exports from the Republic of Korea (RoK) to Vietnam increased by nearly 50% in the first seven months of 2017, compared to the same period last year, making Vietnam among the top three shipment destinations for RoK goods. According to RoK Customs Service, RoK’s exports to Vietnam, in the January-July period, reached US$26.95 billion, […]

Republic of Korea (RoK)’s exports to Vietnam surge 50% in first seven months of 2017

The Republic of Korea (RoK)’s exports to Vietnam enjoyed a year-on-year surge of nearly 50% in the first seven months of 2017, making the Southeast Asian country the third biggest importer of RoK goods. According to the RoK’s customs data released on August 23, the country’s export turnover to Vietnam during the January-July period reached […]

Raising Vietnamese export brands

Accelerating exports to the markets that Vietnam has signed free trade agreements (FTAs) with, improving product quality and making a difference for products are the main ways of helping Vietnamese enterprises increase their exports in the current climate. According to Nguyen Phu Hoa, Deputy Head of the Ministry of Industry and Trade’s Import and Export […]