VND50 trillion credit package for real estate market

14:04 | 08/05/2014 Economy

VND50 trillion credit package for real estate market (VEN) - Together with a link between investors, contractors, suppliers of building materials and banks, the VND50 trillion credit package for the construction sector will create an engine for the real estate market recoverby.
Bolstering international integration though electronic communications

09:17 | 08/05/2014 Economy

(VEN) - Membership of the United Nations Convention on the Use of Electronic Communications in International Contracts is necessity for Vietnam. Vietnam Economic News’ Lan Anh spoke with Ministry of Industry and Trade’s E-commerce and Information Technology Department Director Tran Huu Linh about the issue.
Ministry claims fizzy drink tax does not violate WTO commitments

16:15 | 06/05/2014 Economy

(VEN) - The Ministry of Finance’s Tax Policy Department Director Ngo Huu Loi said that the Ministry of Finance proposed to impose the excise tax on carbonated, non-alcoholic soft drinks. He also said that the excise tax on this item does not violate Vietnam’s commitments to the World Trade Organization (WTO).
Investment promotion based on new model

15:07 | 06/05/2014 Economy

(VEN) - Invest in Vietnam booths from the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency at the 24th Vietnam International Trade Fair-Vietnam Expo 2014 organized in April captured visitor imaginations. The advantages offered by various industrial zones throughout the country were introduced to foreign investors, encouraging enterprises who want to invest in industrial development in Vietnam.
Proposal to expand the scope of VAT refund for foreigners

16:41 | 29/04/2014 Economy

(VEN) - The Ministry of Finance is drafting a circular guiding the implementation of value added tax (VAT) refunds on goods purchased by foreigners on their exit from Vietnam. The Ministry of Finance will expand the scope of application of the VAT tax refund for foreigners at international ports and airports.
Prudential Vietnam and Standard Chartered Vietnam sign 15-year exclusive bancassurance partnership agreement

15:10 | 29/04/2014 Economy

(VEN) - 25 April 2014, Prudential Assurance Vietnam Private Limited and Standard Chartered Bank (Vietnam) Limited have entered into a new agreement to establish a 15-year strategic partnership to grow their bancassurance business together.
Bank shares recovering their high rank: A hard journey

10:33 | 29/04/2014 Economy

(VEN) - Although the securities market improved somewhat in 2013, bank shares remained unattractive to investors. The macroeconomic situation in general and the securities market in particular however are expected to see positive changes in 2014. In the first quarter of this year, despite improvement in bank share valuations, it is likely the shares will not recover their former luster in the near future.
Tax incentives for investment incentive projects

16:42 | 28/04/2014 Economy

(VEN) - The General Department of Taxation has recently issued written guidelines for tax incentives for projects with investment preferences. I.e. enterprises implementing projects with investment preferences and eligible for tax incentives, after being granted certificates of investment incentives, must send valid copies of investment incentive certificates to agencies directly involved with tax collection management within 10 working days from the date of investment incentive certification.
VietinBank wins The Asset Triple A Award

11:18 | 28/04/2014 Economy

(VEN) - VietinBank is the only Vietnamese bank to win the Asset Triple A award for the Best Trade finance service provider in Vietnam.
RoK surges into the lead among foreign investors

10:17 | 28/04/2014 Economy

(VEN) - The Republic of Korea (RoK) took first place from Japan in terms of foreign direct investment (FDI) in Vietnam in the first quarter of this year. Many predicted that the RoK would remain the largest foreign direct investor in Vietnam by the end of the year.
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