GARMENT MANUFACTURERS FEEL PRESSURE FROM FOREIGN FASHION BRANDS
While Vietnamese garment companies think the domestic market is too small, foreign investors consider Vietnam the "new land" to exploit, with the garment market worth US$4.5 billion.
VIETNAM CONSIDERS ALLOWING FOREIGNERS TO OPEN SAVINGS ACCOUNTS
The State Bank of Vietnam is drafting a new circular that will allow non-residents with presence in the country to make deposits in both the Vietnamese dong and foreign currency at local banks without residency requirement.
SIX NEW LAWS ANNOUNCED
The Presidential Office on July 12 organized a press conference to announce six new laws which were approved at the third session of the 14th National Assembly.
SBV CUTS INTEREST RATES BY 0.25-0.5 PERCENTAGE POINTS
The State Bank of Viet Nam (SBV) has cut several interest rates for the first time since 2014, in order to support businesses and boost economic growth.
GRANT THORNTON: THE SEMINAR OF BUSINESS TAX & REGULATIONS 2017
You are invited to attend The Seminar of Business Tax & Regulations 2017. The event will be held on 10 August, 2017 at Novotel Saigon Centre.
• Special offer to HKBAV members: 30% discount for the ticket at selling price VND650,000/Person.
TAX SUPPORT FOR START-UP BUSINESSES
In a bid to support start-up businesses, the Hanoi Taxation Department has deployed a tax agent coordination plan to provide tax procedure-related incentives. As of June 23, more than 10 tax agents registered to support newly established enterprises and those upgraded from business households.
GARMENT SECTOR EXPORT GROWTH STILL UNSUSTAINABLE
Việt Nam’s garment and textile revenue increased for the first half of this year but experts said the growth has not yet become sustainable.
HONG KONG INVESTOR PROPOSES RACECOURSE IN CAN THO
Hong Kong-based SIBC International Ltd has proposed to the Can Tho authority a project to build a racecourse and an entertainment and tourism complex in the country’s southern city.
