Business News

[16-06-2016] According to the General Department of Vietnam Customs, by May 15, total exports and imports of Vietnam reached US$117 billion, up 0.8 percent compared to the same period of 2015. Thus, Vietnam has a trade surplus of US$1.23 billion, of which FDI enterprises contribute to 70 percent of export value.

[16-06-2016] Viet Nam’s two-way trade value reached US$133.246 billion in the first five months of 2016, including two import items and one export commodity joining the US$10 billion value club, according to the Viet Nam Customs. Of the figure, the export turnover attained US$67.444 billion, up 6.2% compared to the same period last year while the import value achieved US$65.805 billion, down 1,7%.

[21-06-2016] The European Commission has published a guide to the EU-Vietnam Free Trade Agreement, to help businesses understand the outcome of the negotiations, what is actually in the FTA, and tools for taking advantage of the opportunities.

[13-06-2016] This growth would be due to rising foreign direct investment, growing exports of manufactures and solid labour markets. Under the latest update of its Global Economic Prospects report, the WB forecast that among the large developing ASEAN economies, Vietnam and the Philippines have the strongest growth prospects.

[08-06-2016] The city’s industrial production index was estimated to increase by 7.7 per cent over the same period last year. Export revenue in the first five months of the year reached US$4.314 billion, a year-on-year increase of 0.3 per cent, while the year-to-date import revenue reached US $9.281 billion, down by 6.2 per cent over the corresponding period last year.

[10-06-2016] To guide the customs valuation of exports and imports, the General Department of Vietnam Customs is drafting a decree to direct the implementation of a number of articles of the amended Law on Export and Import Tax concerning customs valuation of exports and imports.

[10-06-2016] The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes. Property consultants like CBRE, Savills, Cushman & Wakefield and business groups provide various indexes but they are mostly different from each other.

[11-06-2016] Resolution No.35 recently issued by the Government reflects the high level of determination to support and develop the business community, which requires ministries and state management agencies to drastically reform procedures to facilitate enterprises’ operations.