VIETNAM SET FOR 6.1% ECONOMIC GROWTH IN 2024
According to the latest Taking Stock report by the World Bank, Vietnam's economic outlook for 2024 is optimistic, with growth projected to accelerate due to a rebound in manufactured exports, tourism, consumption, and investment. The report forecasts a 6.1% expansion in Vietnam's economy for 2024, with further growth anticipated at 6.5% in both 2025 and 2026.
MANAGING TAX RISKS IN E-COMMERCE
In the first half of 2024, tax authorities addressed violations involving 4,560 taxpayers including 1,274 enterprises and 3,286 individuals, resulting in tax collections and fines totaling VND297 billion. With domestic e-commerce revenue estimated at VND1.98 trillion and taxes paid amounting to approximately VND54,000 billion, there is still much room for further tax collection, according to official assessments.
PAUSE + SAVOUR GUEST CHEF SERIES BY LE MÉRIDIEN SAIGON: CHAPTER 3 – HONG KONG INSPIRATION
Le Méridien Saigon is delighted to announce the third chapter of the renowned Pause + Savour Guest Chef Series, a unique culinary event that brings together chefs around the region to create an unforgettable dining experience. This chapter, aptly named "Hong Kong Inspiration" will feature a remarkable collaboration between Executive Sous Chef Gordon Tzang from JW Marriott Hotel Hong Kong, and Executive Chef Phi Công of Le Méridien Saigon.
TAX INCREASES ON ALCOHOLIC BEVERAGES SHOULD STRIKE A BALANCE: ECONOMISTS
Among these, a draft amendment to the Special Consumption Tax Law is expected to be presented to the National Assembly next month and can be approved as early as May next year. The tax has been reported to take an upward trajectory, taxing alcoholic beverages starting from 2026, reaching as high as 100 per cent by 2030.
HONG KONG SEEKS TO BUILD ON ASEAN RELATIONSHIP
The summit, co-organised by the Hong Kong Special Administrative Region (HKSAR) government and the Hong Kong Trade Development Council (HKTDC), will be held September 11-12, and is expected bring together over 80 key officials and business leaders to explore opportunities across the Belt and Road Initiative (BRI), with a special focus on ASEAN markets and Hong Kong’s unique position as a financial hub.
$2.4 BILLION FOREIGN INVESTMENT REGISTERED IN REAL ESTATE IN FIRST EIGHT MONTHS
More than $2.4 billion of foreign investment was newly registered in the real estate sector in the first eight months, over five times higher than the same period last year, and accounting for nearly 20 per cent of the total $12 billion newly registered capital. According to the General Statistics Office, as of August 31, the total foreign direct investment (FDI) registered in Vietnam reached $20.52 billion, an increase of more than 8 per cent over the same period last year.
DEEP C IMPLEMENTS LARGE-SCALE ECO-INDUSTRIAL PARK MODEL
Since 2020, with financial support from the Swiss government, the Ministry of Planning and Investment has coordinated with the UN Industrial Development Organization to implement a project to implement eco-IPs in Vietnam according to the approach from the Global Eco-IP Programme. DEEP C was selected as one of the pilot IPs to join the programme.
GLOBAL TRADE HUB COULD BE ANSWER FOR TEXTILE SEGMENTS
With the leather, footwear, and textile industries mainly processing with low added value, the establishment of an international trade centre for the development of raw materials will help the industry develop sustainably.
