Tax Incentive Declaration for Imported Auto Parts by Businesses Checked

Being warned of risks of declarations by enterprises and checking the application of tax incentive program for imported automobile parts, the General Department of Vietnam Customs recently told some local customs authorities to check declaration contents and zero tax requests for imported auto parts and accessories coded 98.49.

Provincial Open Budget Index 2018 Released

2:10:01 PM | 17/6/2019

The Provincial Open Budget Index (POBI) is a tool for provinces and cities to reference and measure the degree of publicity and transparency in State budget management and the level of enforcing the State Budget Law, helping increase the trust of the public and development partners in local budget management. POBI 2018 consists of two pillars: Budget transparency disclosure and public participation. 2018 is the first year the POBI survey is added participation elements.

Foreign Firms Keep an Eye on Vietnam Logistics Industry

3:39:09 PM | 14/6/2019

Vietnam’s logistics growth reached about 14-16% in recent years, standing at US$40-42 billion a year, according to the Vietnam Logistics Business Association (VLA).

Domestic Budget Revenue Reaches VND88,200 Billion in May

3:37:24 PM | 14/6/2019

Total budget revenue collected by the tax industry was estimated at VND508,608 billion in the first five months of 2019 ending May 31, equaling 43.5% of the estimate and rising 14.1% over the same period in 2018.

Fitch Ratings: Vietnam succeeds in lowering public debt

2:26:07 PM | 12/6/2019

The Vietnamese Government has succeeded in decreasing public debt from 53% of GDP in 2016 to 50.5% by the end of last year, according to Fitch Ratings.

ICAEW Forecasts Vietnam’s GDP Growth at 6.7% in 2019

10:36:00 AM | 7/6/2019

Vietnam’s economic growth is forecast to ease to 6.7% in 2019, although this would still place it as the fastest growing economy in South-East Asia (SEA), according to ICAEW’s latest Economic Insight: South-East Asia report, released on June 5 in Hanoi.

National Quality Award - Comprehensive Gauge of Enterprises

10:31:55 AM | 7/6/2019

The Ceremony of the National Quality Award 2018 is set to take place in June 2019. Vietnam Business Forum has an interview with Mr. Tran Van Vinh, Director General of the Directorate for Standards, Metrology and Quality, the Ministry of Science and Technology. Le Hien reports.

National Quality Award: Catalyst Instrument for Raising Productivity and Quality

10:27:34 AM | 7/6/2019

In the current trend of international integration and competition, product quality is the leading factor among competition criteria. The National Quality Award is designed to honor organizations and businesses with good productivity and quality that are essential for economic development.

Retail Market: Which Model Will Prevail?

11:18:50 AM | 5/6/2019

European retail giants such as Metro, Parkson, Auchan, and other big companies like Parkson (Malaysia) have left Vietnam’s market, although the market is considered attractive with growing buying power.

Vietnam Begins to Adopt Chip Bank Cards

11:17:01 AM | 5/6/2019

Since the start of the year, the Vietnamese government has underlined the role of cashless payment, which recently received a boost when the State Bank of Vietnam (SBV) has also asked card issuers to switch at least 30% of their cards from magnetic stripe to chip cards, especially contactless cards.

Drug Crime Increasingly Sophisticated and Reckless

2:23:58 PM | 4/6/2019

This is the comment by Mr. Nguyen Phi Hung, Director of Anti-Smuggling and Investigation Department, General Department of Vietnam Customs, at a press conference held recently by the General Department of Vietnam Customs in Hanoi. Le Hien reports.