Vietnam has distinct advantage over its competitors, with import tariff of giant tiger prawns cut from 4.2 percent to zero under the Generalised System of Preferences Treatment (GSP), while that of frozen white-leg shrimp falling to zero after five years. Meanwhile, Thailand is not entitled to the GSP and has its shrimps levied with a basic tax rate of 12 percent. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 25
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Its first supermarket, Co.opmart Cong Quynh, opened in 1996 and has since developed a series of modern retail businesses that cover all retail segments These include Co.op Food, HTVCo.op TV shopping channel, Co.opXtra hypermarket, Sense City shopping mall, Co.op Smiles modern grocery stores, and Cheers 24-hour convenience store. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 26
Vietnam has so far achieved positive results in fighting the Covid-19, but the epidemic has entered its next stage, spreading to many other parts of the world and is now developing complicatedly and unpredictably in South Korea, Japan, Italy and Iran, the PM noted. … [Read more...] about Vietnam suspends entry from all coronavirus-hit areas
In the last seven years he has been living in South Korea, Vu Vinh, a Vietnamese student at Yeungnam University in Gyeongsan City, about 14 km from Daegu, has never seen a subway train not packed with people. But subway Line 2 from Gyeongsan to Daegu was almost empty after working hours on February 23, he said. … [Read more...] about Vietnamese in South Korea face dilemma: stay put or bail out?
Meanwhile, Barclays – a British lender which joined into a financial partnership in Vietnam more than a decade ago – has been caught up in a number of scandals and investigations in recent years. The inevitable headlines drowned out some modestly good news in the bank’s financial results, thus chances are low that the bank will cash in on Vietnamese banks. … [Read more...] about EVFTA lends newfound vigour to banking sector