Vietnam 

Ministry releases 2018 import-export report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Banana processed for export at Xanh Việt Import-Export Joint Stock Company. The Việt Nam Import-Export Report 2018 was announced on Wednesday.  VNA/VNS Photo Vũ Sinh HÀ NỘI — The Ministry of Industry and Trade held a ceremony on Wednesday in Đà Nẵng to release the Việt Nam Import-Export Report 2018. The report provided a comprehensive picture about the country’s imports and exports last year. It was the third report to be published. Nguyễn Tiến Quang, director of the Việt Nam Chamber of Commerce and Industry’s branch in Đà Nẵng, said that the report…

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Vietnam 

Ministry focuses on cutting business prerequisites – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Ministry of Planning and Investment said that focus should be placed on simplifying customs checks as well as deregulation of business prerequisites. File Photo HÀ NỘI – The Ministry of Planning and Investment (MPI) was hastening the effort of cutting business prerequisites in term of quality to ensure the deregulation to truly benefit firms, Minister Nguyễn Chí Dũng said. Dũng said that the ministry in the first quarter of this year proposed prerequisites to be removed for 22 business lines and amended for four others to ensure the consistency…

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Vietnam 

Bình Phước teams up with Trade Ministry to attract investments – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    HCM CITY — The Ministry of Industry and Trade (MoIT) is working with Bình Phước Province to build a cooperative programme to attract investment to the province. A delegation from the ministry led by Minister Trần Tuấn Anh met with agencies in Bình Phước Province on Wednesday to discuss work on cooperative programmes, including solar power and rural electrification. The province has asked the Government and the MoIT for approval of 39 solar energy projects with total capacity of 3.506MWp. Of the 39, five have been approved by the central…

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Vietnam 

Ministry proposes lowering CIT for SMEs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 per cent to 15-17 per cent. The idea was raised in a National Assembly draft resolution which the ministry recently published for comments. The move aims to promote the development of small- and medium – sized enterprises and to encourage business households to transform into enterprises, as well as enhance their competitiveness and create jobs. The Vietnamese Government aims…

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Vietnam 

RON95 petrol supply sufficient: Ministry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A petrol station on Trần Khát Chân Street in Hà Nội. — Photo congthuong.vn Viet Nam News HÀ NỘI — Supplies of RON95, one of the two main types of petrol used in Việt Nam, were still sufficient, according to the Ministry of Industry and Trade following complaints raised by some distributors about shortages. Distributors said there had been a shortage for nearly two weeks and some petrol stations were forced to hang signs saying they were out of RON95, leaving customers to fill up with bio-fuel E5…

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Vietnam 

Ministry proposes ACV pay for third Tân Sơn Nhất terminal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Transport (MoT) has proposed the Government allow the Airport Corporation of Việt Nam (ACV) to invest in building a third passenger terminal at Tân Sơn Nhất International Airport. In the proposal submitted to the Government recently, the MoT said the construction would be funded by the ACV. The investment funded by ACV is one of four investment methods mentioned in the MoT proposal, which include investment funded by the State budget, establishing an economic organisation for investment and…

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Vietnam 

Enough petroleum supply to meet domestic demand: Ministry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The domestic petroleum supply should meet local consumption demands. — Photo congthuong.vn Viet Nam News HÀ NỘI — The Ministry of Industry and Trade has said domestic petroleum supply is able to meet local consumption demand. According to a press release issued on March 26, large petroleum trading companies and some departments of industry and trade have reported that companies have provided enough supply for the local market. Companies have also committed to ensuring petroleum supply for domestic production, business and other consumption activities via their retail…

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Vietnam 

Ministry to look into cutting industrial energy use – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) plans to focus its investigations on businesses that use high volumes of energy as part of its mission to save energy. Trịnh Quốc Vũ, deputy director of MoIT’s Department of Energy Saving and Sustainable Development, said the industrial sector accounted for more than 47 per cent of the country’s total energy consumption. “There are many technical solutions to save energy in the industrial sector in Việt Nam,” Vũ said. “Energy use can be cut…

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Vietnam 

Ministry asks for report on foreign home ownership – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Foreigners studying the plans for a housing project. The Ministry of Construction has asked provinces and cities to report on home ownership by foreigners and Việt kiều. – Photo infonet.vn Viet Nam News HÀ NỘI — The Ministry of Construction has asked provinces and cities to report on home ownership by foreigners and Việt kiều (overseas Vietnamese) in Việt Nam. The report would include the number of foreigners owning homes, as well as the locations and types of their properties in two periods – before and after the…

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Vietnam 

Ministry issues plans for CPTPP implementation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Ministry of Industry and Trade has given detail plans for the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. — VNA/VNS Photo Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) has issued a decision on plans for the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The decision details main targets and tasks assigned to each agency in the MoIT, along with requirements on deadlines and the outcomes of the tasks. The main tasks, including the prompt building…

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