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Tag Archive for ‘Income’

PAN Food acquires Bibica in latest merger

The PAN Food empire marches on: the company just announced its successful acquisition of Bibica Corporation with 50.07 per cent of total share ownership. PAN Food first put up public bids for more than 1.12 million Bibica shares, stock code BBC on the HCM Stock Exchange, from July 6 to August 21, 2017, at VND112,800 […]

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 […]

Vietnam PM launches construction for Vingroup’s automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc made an order to launch construction of VINFAST – an automobile manufacturing complex invested by Vietnam’s largest real-estate company Vingroup, in the northern port city of Hai Phong on September 2. Speaking at the ceremony, PM Phuc said that this is one of many significant events to celebrate on the […]

Vietnamese consumers prefer small convenience stores over giant supermarkets

Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel. Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of […]

Land in Hanoi’s old quarters as expensive as gold

The land price in old quarters is quoted at nearly VND1 billion per square meter, but few plots are available for sale. A report by the Gachvang real estate trading floor shows that the price of land and houses in old quarters in Hanoi has increased by 20-40 percent compared with earlier this year. Dao […]

Vietnam finance ministry drafts auto part tax cuts

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation (WTO)’s rules. finance ministry drafts auto part tax cuts hinh 0 Its WTO commitments require Vietnam to maintain a tax level on import auto components between zero percent and 30 percent. Officials say the tax changes […]

Vietnam proposes big breaks for special economic zones

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces. The investment incentives are contained in a draft Law on Special Administrative-Economic Units that the ministry has prepared for submission to the Government and the National Assembly […]

Agricultural fair to open at Quảng Ninh

HÀ NỘI — The One Commune One Product (OCOP) agriculture trade fair will open on September 1 in the northern province of Quảng Ninh to promote local agricultural and tourism products in a bid to fully tap local potential for economic development. This will be the fifth time Quảng Ninh has organised the OCOP fair. […]

Capella begins Tam Thang 2 industrial park construction in Quang Nam

Capella Quang Nam Joint Stock Company, a subsidiary of Capella Land JSC, has begun construction of Tam Thang 2 Industrial Park in the central province of Quang Nam. The park, which has an investment capital of VND350 billion (US$15.4 million), is expected to be ready in two years. The project is located in Quang Nam […]

Vietnam Govt Budget Income At 3/4 Of Yr Estimate

The Ministry of Finance reported that in the first ten months of this year, the total state budget revenue was 76.2 percent of the year’s estimate while the total state budget spending was 78.8 percent of the year’s estimate. Investment capital disbursement from the state budget was estimated at about 76.2 percent of the year’s […]