INTELLASIA FINANCE & BUSINESS NEWS - APRIL 11, 2023
1. Corporate bond trading system put in place from June 16
2. Business targets of major banks in 2023
3. Vietnam's digital economy sets high growth Q1
4. MoF proposes VAT reduction to 8pct to boost economy
5. Vietnam's electronic enterprises at bottom of 'smile' curve
----and more news
MOF PROPOSES VAT REDUCTION TO 8% TO BOOST ECONOMY
The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10 per cent to 8 per cent for a number of goods and services to boost the economy.
PM HIGHLIGHTS IMPORTANCE OF REVISED DRAFT LAND LAW AND HOUSING LAW
Prime Minister Phạm Minh Chính emphasised the significance of the revised draft Land Law and Housing Law, which are complex and sensitive with a far-reaching impact on a large scale, and stressed the need for the Government to pay close attention to ensure their quality and progress.
MAKE EVERY MEAL A STORY TOLD AT OTTIMO HOUSE TRATTORIA
Let’s enjoy several special holidays this April, including Easter Day, Reunification Day, The Hùng King’s Temple Festival, and International Workers' Day. After a busy day of work and daily life, LOTTE HOTEL SAIGON will become a "lively diary chapter", recording unforgettable moments as well as providing a refreshing retreat to relax and unwind.
MEKONG DELTA NEEDS $4B TO IMPROVE INFRASTRUCTURE TO MITIGATE CLIMATE CHANGE
The proposal was made by the ministries of Transport and Agriculture and Rural Development and 13 localities (including 12 provinces and Cần Thơ City) at the first meeting of the Steering Committee for Sustainable Development Projects in the Mekong Delta to respond to climate change organised in Cần Thơ last weekend.
GARMENT EXPORTS SLUMP IN FIRST QUARTER
Textile and garment export value in the first quarter of 2023 reached US$7.1 billion, down 17 per cent compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).
POLICIES NEEDED TO BOOST PRODUCTION LINKAGE, LOCALISATION RATE: INSIDERS
Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.
VIETNAM’S DIGITAL ECONOMY SETS HIGH GROWTH Q1
According to the ministry’s report, revenue of the industry in March was estimated to hit $14.15 billion), up 30 per cent on-month, thus increasing its total revenue to $23.85 billion in the first quarter, down 3 per cent on-year, and meeting 20 per cent of the yearly target.
