From the beginning of this year to April 20, total newly registered capital, adjusted and contributed capital to buy shares and capital contribution of foreign investors in Vietnam reached over 10.8 billion USD, equivalent to 88.3% of the same period in 2021, according to the Ministry of Planning and Investment. Foreign investors have poured their capital in 18 industries out...

The National Power Development Plan for the 2021 - 2030 period, with a vision towards 2045 (PDP VIII) has taken into account the replacement of coal-fired power projects and those that are still pending, heard at a meeting of the State Appraisal Council. Speaking at the meeting, held in Hanoi on April 26 under the chair of Deputy Prime Minister...

The Ministry of Transport has recently decided to add ten new seaports to the list of Vietnamese terminals, bringing the total to 296. The new seaports are Nosco seaport in Quang Ninh province, Long Son general seaport in Thanh Hoa province, Hai Ha-Quang Tri petrol seaport in Quang Tri province, Pacific Petro seaport in Tien Giang province, Giao Long Terminal in Ben Tre province,  Duyen Hai Thermal Power Plants Port in Tra Vinh province, Gemadept-Terminal Link and Cai Mep General Port in Ba Ria-Vung Tau province, Dinh Vu VIMC Port and...

The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent. The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent. The ministry said...

The national e-invoicing system made debut this morning in the presence of Prime Minister Pham Minh Chinh, targeting to save time, cut costs, and prevent invoice frauds. This is a step forward to the deadline fixed by the Government to make e-invoicing mandatory from July 7, 2022. E-invoices, first introduced in Viet Nam in 2010, have been welcomed by business community...

Fintech and e-commerce accounted for 70% of total venture capital in the country last year, and this trend is predicted to continue in 2022, Dau tu (Vietnam Investment Review) reported. Capital poured into startups reached US$1.4 billion in 2021, rising three-fold from the US$451 million in the previous year. Up to 70% of the investment was channeled into fintech and e-commerce, according to the Vietnam Innovation...

Tax and fee reductions have contributed to bringing inflation under control in Vietnam, according to Deputy Minister of Finance Vo Thanh Hung. At a recent press briefing, Deputy Minister Hung said the conflict between Russia and Ukraine had inflated the prices of goods, mainly food, foodstuff, fuels and materials, putting pressure on inflation. To help production and business activities recover after...

Despite facing stiff competition, Vietnamese spices are increasing their presence in demanding markets around the world as businesses take advantage of free trade agreements and adopt advanced technologies. Vu Kim Hanh, chairwoman of the Business Association of Vietnamese High Quality Products, said localities and firms in the spices and seasoning industry had devised production recovery plans, turned to advanced technologies, diversified...

The value and position of the Vietnam national brand have constantly improved in recent years in the global market and received recognition from many prestigious international organisations, according to Vu Ba Phu, Director of the Trade Promotion Agency (Vietrade). Phu, who is also head of the Secretariat of the National Brand Programme, highlighted the significant contributions from the business community...

Vietnam’s tra (pangasius) fish sector is seeing a strong recovery after three years of gloom. Prices of tra fish have been on the rise due to shortages for processing and exports. The COVID-19 pandemic and a disruption to the supply chain in 2021 hindered fish farming households, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The scarcity is...