Eurocham

Car expert Vinh Nam said that customers should not expect a sharp price decline in car imports from Europe, especially as the import duty cut is a gradual process and the tax rate of excise tax for car imports are based on the sale price, which includes profit of car dealers. … [Read more...] about New regulations to change Vietnam automobile industry in 2021

The two organisations said the business environment has been damaged by short-term changes and inappropriate implementation of regulations. There must be an improvement in the policy-making process so businesses are prepared for the implementation of new laws, they said. … [Read more...] about Business environment needs strong Gov’t actions: VBF 2019

Vietnam is continuously developing and currently at the top of emerging logistics markets. High economic growth, increasing domestic manufacturing, the rise in consumption, booming e-commerce and the strongly developing automation and manufacturing industries are some of the key drivers of the Vietnamese freight and logistics market. In addition, the Vietnamese government has facilitated growth with many policies to develop the logistics and transport industries. Moreover, the EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA) give us and our clients a much greater scope to expand key import/export activities, simplify processes and, at the same time, promote long-term investments and strategic business partnerships. … [Read more...] about German businesses in Vietnam remain upbeat about future prospects

Dong Thap Province has prioritized investment in key commodities such as rice, ornamental flowers, mango, pangasius, changed production methods, strengthened cooperation and market linkages in order to reduce costs and increase product quality. Many high-tech, smart and clean agriculture models have opened up a new approach, boosting the production value of the province’s farming industry to more than VND13.17 trillion in 2020, an increase of VND508 billion compared to the same period in 2019. … [Read more...] about Mekong Delta farmers urged to link up with global value chains

Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16