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According to Director of Hanoi Tax Department Mai Son, budget collection in the first eight months of the year, excluding the rescheduled taxes and land use fees, amounted to more than 147 trillion VND (6.34 billion USD), accounting for 56.5 percent of the estimate and 89.4 percent of the same time last year. However, disbursement of public investment capital lagged behind progress as it only made up of 45.41 percent of the yearly plan. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12

A report released by the MoIT shows that during the first eight months of the year, the local garment and textile industry contributed approximately US$22 billion to the country's overall export turnover, despite recording declines of more than 11% compared to the same period last year. Indeed, resurgence of novel coronavirus outbreaks globally has also caused more difficulties for Vietnamese textile and garment production, along with exports.  … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10

Secondly, it is of utmost imperative to prepare for industrial land with sufficient infrastructure and stable price policy which is suitable for each economic region. To do so, we need to encourage and create more conditions for developing industrial real estate so as to create a more ample industrial land bank with synchronous infrastructure that is ready to welcome overseas funds. … [Read more...] about Promoting a redesigned model for stable growth

According to the General Department of Forestry, Vietnam still has many opportunities to expand export markets and increase export value for timber and wooden products. The world's furniture and wooden product market is large with a value of about 430 billion USD, including 150 billion USD from furniture products. Meanwhile, Vietnam’s furniture products at present only account for about 6 percent of the global market share. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13

The above points should be carefully scrutinized by the Government which should subsequently come up with a resolution on FDI attraction policies. Local governments and the concerned ministries should be assigned to the task of building detailed implementation plans. At the same time, periodical reviews should be conducted to appraise what has been and has not been done. … [Read more...] about Warm welcome to eagles, not to tigers or snakes