Business News

As part of its annual program and efforts to reform administrative procedures, Vietnam Chamber of Commerce and Industry (VCCI) will partner with the Ministry of Finance to host a national dialogue conference. This event will focus on tax, customs policies, and administrative procedures to address business challenges in 2024.

Viet Nam's e-commerce sector is growing robustly, becoming a vital component of the country's digital economy. Retail e-commerce sales have increased at an average annual rate of 20 percent over the past decade, placing Viet Nam among the fastest-growing e-commerce markets globally and regionally.

In the year to date, the southern province of Binh Duong has enticed a string of foreign-led projects into its realty market, focusing on the mid-income customer segment. In early August, TT Capital Investment Corporation and two Japanese partners - Cosmos Initia and Koterasu Group - agreed to develop affordable housing line in Binh Duong province and surrounding localities.

Hong Kong is exploring opportunities to strengthen bilateral ties across various industries, particularly focusing on the financial market. Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing (HKEX), talked to VIR's Luu Huong about how Hong Kong can share its expertise in developing financial centres and facilitate overseas listings of Vietnamese and other Southeast Asian companies.

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.