FDI REACHES OVER 2.1 BILLION USD IN JANUARY

The inflow of foreign investment into Vietnam hit over 2.1 billion as of January 20, up 4.2 percent year-on-year, marking good signals for the country's investment attraction, the latest report from the Foreign Investment Agency (FIA) showed.

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ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS

Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.

Jul 17, 2024

PROPERTY / INDUSTRIAL ZONE

VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025

By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).

Jul 17, 2024

VIETNAM ECONOMY INVESTMENT

VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA

The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.

Jul 17, 2024

BANKING / FINANCE / INSURANCE / TAX

2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT

The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.

Jul 16, 2024

BANKING / FINANCE / INSURANCE / TAX

VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY

The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.

Jul 16, 2024

GARMENT / TEXTILE

FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR

This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.

Jul 16, 2024