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Projected GMT consequences on foreign investment
30-01-2024 14:00
Last November, Vietnam legalised rules regarding the introduction of global minimum tax (GMT). It is set at 15 per cent in Vietnam for enterprises considered as constituent entities of multinational corporations (MNCs) with consolidated revenue from €750 million (around $815 million) in two of four consecutive years.
Banks saw profit spike in Q4
30-01-2024 09:44
Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
US businesses focused on semiconductors, clean energy, carbon reduction
29-01-2024 14:29
Under Secretary of State for Economic Growth, Energy, and the Environment Jose Fernandez shared the direction of cooperation with Vietnam in the fields of semiconductor chips, clean energy and carbon reduction at a meeting with members of the American Chamber of Commerce in Ho Chi Minh City on January 24.
Cambodia records first case of bird flu in humans in 2024
29-01-2024 14:21
A three-year-old boy in Cambodia's southeast Prey Veng province has been confirmed for H5N1 human avian influenza, the first case in the Southeast Asian nation this year, the Cambodian Ministry of Health reported on January 26.
ACIAR aids Vietnam to modernise smallholder farming
29-01-2024 11:13
The Australian Centre for International Agricultural Research (ACIAR) has played a key role in helping Vietnam modernise its smallholder farming systems, creating at the same time a strong bilateral relationship benefiting both Vietnam and Australia.
BCG Energy ramps up capital investment for renewable energy ventures
29-01-2024 11:11
BCG Energy, a subsidiary of Vietnam's Bamboo Capital Group, has substantially increased its charter capital. The capital hike, from VND4.5 trillion (around $189 million) to VND7.3 trillion, marks a significant escalation in the firm's investment capacity.
Euro parliament steps up Vietnam’s IPA ratification
29-01-2024 08:00
The European Union will urge many member states to boost the ratification of the EU-Vietnam Investment Protection Agreement in order to further facilitate investment flows.
Banks containing threats of bad debt
26-01-2024 15:48
The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.
Travel firms aiming for tourism boost
26-01-2024 15:48
Recent statistics published by the Vietnam National Administration of Tourism (VNAT) showed the number of international visitors to Vietnam hit 12.6 million in 2023, 3.4 times higher than in 2022, and far exceeding the initial target of eight million.
KP Aero Industries to build $20 million aerospace component factory in Danang
26-01-2024 09:32
South Korea's KP Aero Industries Co., Ltd. will pour $20 million into an aerospace component assembly facility for Boeing in Danang.
Xay Tet 2024: Being grateful for the silient contribution to create the icons of country
25-01-2024 18:32
When seeing billion-dollar projects in urban areas, people usually remember or mention the reputation of investors and contractors. However, at Coteccons, this perspective only tells part of the story.
Vietnam's amended Land Law 2023: some pivotal changes and their impacts
25-01-2024 14:29
On January 18, the National Assembly passed the Land Law (amended) at its fifth extraordinary session. The Land Law (amended) is set to take effect from January 1, 2025. However, Articles 190 and 284 of the amended law will be effective earlier from April 1.
A touch of elegance from Le Méridien Saigon
24-01-2024 16:57
Embracing the symbolic significance of prosperity and fortune associated with the colour red, Le Méridien Saigon Hotel adds a touch of elegance to this Lunar New Year Holiday with its traditional red gift box, a symbol of good luck for the year ahead.
Traditional retailers buckle under strain
24-01-2024 11:37
The rapid development of e-commerce is causing a series of commercial townhouses to close down, while shopping centres still have a stable number of customers due to positive online sales channels and sharing turnover methods.
Siemens selected for multiphase decarbonisation programme at HEINEKEN production sites
24-01-2024 11:03
HEINEKEN, a major global brewer, has selected the tech powerhouse Siemens as a partner for its global Net-Zero Production roadmap, as part of HEINEKEN’s ambitions to reach net-zero in Scopes 1 and 2 across all production sites by 2030.
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