E-commerce promoting post-pandemic economic recovery: Experts

E-commerce promoting post-pandemic economic recovery: Experts

The Vietnam Online Business Forum (VOBF) 2022 was held by the Vietnam E-Commerce Association (VECOM) in Ho Chi Minh City on May 10, focusing discussions on e-commerce’s role in promoting post-pandemic economic development.
Imposing suitable tax rules on cross-border providers

Imposing suitable tax rules on cross-border providers

According to an inclusive framework on tax base erosion and profit shifting (BEPS) from the G20 and the Organisation for Economic Co-operation and Development (OECD), a global minimum tax was agreed upon in October 2021 amongst 137 of the 141 nations that are members of the framework – which was a major step forward in supporting sustainable development goals.
Positive scenarios for working capital development

Positive scenarios for working capital development

Security over receivables is mainly regulated by the Civil Code 2015 and Decree No.21/2021/ND-CP, as well the Law on Credit Institutions 2010, and its detailing and guiding Circular No. 02/2017/TT-NHNN promulgated by the State Bank of Vietnam (SBV).
Sufficient legislation to attract top-quality foreign investment

Sufficient legislation to attract top-quality foreign investment

Inbound investment is the backbone of Vietnam’s economic growth, with export growth from foreign-invested enterprises as one measure of success continuing to grow significantly each year. Foreign-invested service sectors are also growing, with a broad range of advanced sectors now seeing Vietnam as a hub for the future, especially in the technology space.
Vietnam emerging as important economy in Southeast Asia: Indian expert

Vietnam emerging as important economy in Southeast Asia: Indian expert

The visit to Vietnam by Japanese Prime Minister Kishida Fumio from April 30 to May 1, along with the visit by his predecessor Suga Yoshihide in 2020, showed that Vietnam is emerging as one of the promising important economies in Southeast Asia, commented Pankaj Jha, Director of Indian Jindal Global University’s Centre for Strategy and Security Research.
Navigating tariff roadmaps for automobile imports

Navigating tariff roadmaps for automobile imports

The average tariff on imported cars in Vietnam has decreased from 49 per cent in 2015 to 12 per cent in 2020. As a result of changing car import tariffs over the past 5-10 years, Vietnam’s car imports shifted from high-tariff countries like India and China towards low-tariff ASEAN countries like Thailand (see graph). Several socioeconomic developments have triggered these changes.
Vietnam should transform growth model towards efficiency: experts

Vietnam should transform growth model towards efficiency: experts

Vietnam needs to speed up transformation towards an efficiency and innovation-driven growth model to meet requirements of sustainable and inclusive development, experts have said.
New policies being considered for electric cars

New policies being considered for electric cars

Deputy Prime Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars.
ERP puts business advances at centre

ERP puts business advances at centre

The government is implementing the first steps of the Economic Restructuring Plan for 2021-2025, setting out the requirements for a more effective and substantive implementation based on strengthening and maintaining macroeconomic stability, in line with the vital tasks according to the resolution of the 13th Party Congress.
Building immediate resiliency for a more robust economy

Building immediate resiliency for a more robust economy

Vietnam’s economy has reaped relatively positive growth for Q1. Caitlin Wiesen, resident representative in Vietnam for the United Nations Development Programme (UNDP), talked with VIR’s Nguyen Dat about the economic outlook for the entire year, with some recommendations for stronger results.
Setting the priorities for Vietnamese people to thrive

Setting the priorities for Vietnamese people to thrive

By any standards, the pace of Vietnam’s development has been extraordinary.
Six global trends that will shape Vietnam’s future

Six global trends that will shape Vietnam’s future

The country is recovering strongly but if it is to reach its full potential, it will have to effectively navigate a number of global trends.
Enterprises must be rated before issuing bonds: experts

Enterprises must be rated before issuing bonds: experts

The Vietnamese corporate bond market is a young and growing market, but lacks control. Credit rating is one of the key steps to reducing risk and helping the market move towards proper development, according to experts.
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