Business News

With a total investment of $45 million, the project will span 15.6 hectares within WHA Industrial Zone 1 (the second phase) in Nghi Dong commune, Nghi Loc district, Nghe An province. It was awarded an investment certificate by Nghe An People's Committee last September and is expected to be completed by the second quarter of 2025.

Over the past time, to attract businesses, regional localities have continuously improved their investment and business environment, resulting in a gradual increase in the annual Provincial Competitiveness Index (PCI). However, these have not yet been sufficient to attract significant FDI flows.

To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent.

To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent.

Over the past time, to attract businesses, regional localities have continuously improved their investment and business environment, resulting in a gradual increase in the annual Provincial Competitiveness Index (PCI). However, these have not yet been sufficient to attract significant FDI flows.

Total retail revenue from consumer goods and services in July picked up by 9.4% against the same period last year, with tourism being a primary contributor, according to the Ministry of Industry and Trade’s portal. From January to July, the country’s total retail sales of consumer goods and services were estimated at VND3,635.7 trillion, an 8.7% year-on-year increase.

Since the system's inception until June 30, bonds from credit institutions dominated the market, constituting 45.7 per cent of total transactions, equivalent to a value of VNĐ324.2 trillion. Meanwhile, bonds from real estate companies accounted for approximately 30 per cent of the market's trading value, reaching nearly VNĐ212.6 trillion.

The Government’s regular monthly meeting reviewed the socio-economic performance of the country in July and the first seven months of 2024. The meeting focused on public investment allocations and disbursements, government management, and upcoming key tasks.