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A hundred businesses in Ho Chi Minh City will submit their tax declarations via the Internet, said the Ho Chi Minh City Taxation Department. The pilot project will last until the end of the year. A tax office in HCM City. Businesses will save time and costs by submitting tax declarations via the Internet (Photo: [...]
Though the State Bank of Vietnam has sounded the alarm about overheating real estate credit, Tuoi Tre reports that commercial banks in HCM City continue to pour trillions of dong into real estate projects. On July 23, Sacomreal, the real estate arm of SacomBank, signed a strategic cooperation agreement with Lien Viet Bank. Lien Viet [...]
Though having had good business results in the first six months of the year, most businesses still want the Government to extend the demand stimulus packages until mid 2010 instead of December 31, 2009. Most businessmen attending the meeting between the Hanoi Industry and Trade Department and businesses in Hanoi late last week reported satisfactory [...]
The Ministry of Planning and Investment, though optimistic about the attraction of foreign direct investment (FDI), has identified seven problems in FDI attraction. The mid term report reviewing the implementation of the 2006-2010 socio-economic development strategy released by MPI’s project on supervising and supporting socio-economic development showed that the registered and implemented FDI capital boasted [...]
The central bank said this week it expected a balance of payments deficit of US$1 billion in 2009 and that its currency reserves would remain at above $20 billion. The central bank has been selling dollars in recent weeks to support the dong but supply and demand for the greenback remained out of balance …
Many businesses in Hanoi have ridden out the economic slowdown and shown signs of recovery thanks to their all-out efforts and the government’s economic stimulus packages. Despite the gloomy picture of the world economy, the city’s industrial production value over the past 7 months has increased by 5.1 percent year on year to hit nearly [...]
Draft Government socio-economic scenarios for 2010 are based on an increasingly firm belief that the global economy. will recover and this will give a strong push to Vietnam’s national economy will be better off together with the recovery of the world’s economy. VnEconomy quotes Deputy Minister of Planning and Investment Cao Viet Sinh that his [...]
Vietnam’s young stock market made a big leap in the second quarter 2009. Looking ahead, investors are of two minds. On one hand, they are optimistic about domestic recovery, but on the other, they fear return of high inflation and a tightening up of bank credit to would-be securities investors. Is credit tightening, or just [...]
Local firms have been quick to spot the rich potential of the United States and other foreign markets. Vietnamese companies are taking advantage of the global economic recession to expand outbound investments in developed countries to strengthen their international market positions. Figures from the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency (FIA) show [...]
Vietnam-made goods are being threatened by low-cost, low-quality, unsafe goods. This was heard at a workshop on Vietnamese consumers and Vietnam-made goods on July 30 in Da Nang city. 2/3 of consumers favour imports Dr Dinh Thi My Loan, Deputy Chairman of the Vietnam Retailers’ Association, cited the latest statistics released by a market survey [...]