Want to be in the loop?
subscribe to
our notification
Business News
VN'S SOCIO-ECONOMIC DEVELOPMENT PROCESS NEEDS IMF'S HELP
During the economic restructuring process, Viet Nam will concentrate on restructuring the banking system, renewing the State-owned enterprises, developing the private sector and attracting more foreign investment, revealed the State President.
He also highlighted the assistance of the IMF to Viet Nam in all fields, especially its preferential loans and policy consultancy.
Ms. Christine Lagarde hailed Viet Nam’s achievements in poverty reduction, controlling inflation and universal primary education and the nation’s development strategy heading to quality and sustainability.
The IMF hopes to strengthen cooperation with Viet Nam in advantageous areas, committing to providing technical assistance for Viet Nam to stabilize the macro-economy, she added.
VN, Hungary sign agreement on criminal matters
State President Truong Tan Sang witnessed the signing of a mutual legal assistance agreement on criminal matters between Viet Nam and Hungary in Ha Noi on March 16.
The signatories are Prosecutor General of the Viet Nam Supreme People’s Procuracy Nguyen Hoa Binh and Hungarian Minister of Justice Laszlo Trochani.
The agreement is significant to improve the legal cooperation framework between the two countries.
It also creates a foundation for law agencies to enhance mutual assistance in investigating, prosecuting, and handling criminal cases, especially cross-border crime, as well as to protect the legitimate rights and interests of the two nations’ citizens.
Source: VGP
Related News
MEMBER CORNER / PROMOTIONS
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.
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).
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.
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.
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.
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.
Events Sponsors
