A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.
By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating. Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city’s gross domestic product (GDP).
Indonesian officials have announced that the country will soon establish a special task force to monitor and prevent smuggled goods from entering Indonesia in the near future.
The border gate pair of Hoanh Mo (Vietnam) – Dongzhong (China), including the customs gate of Bac Phong Sinh- Lihuo, was officially launched on June 25.
The Ministry of Oceans and Fisheries (MOF) of the Republic of Korea (RoK) said on January 5 that it has kicked off a corporate body in Vietnam, paving the way for the operation of a logistics centre in the Southeast Asian country to support small- and medium-sized enterprises.
The total volume of commodities imported and exported through Mong Cai international border gate in the northern province of Quang Ninh reached more than 1.4 million tonnes as of December 3, up 74% from a year earlier, according to Tran Bich Ngoc, head of the border gate management board.
Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 9.4% to more than 5.1 trillion VND (207.8 million USD) during January – October, the General Statistics Office said.
The June consumer price index (CPI) in Hanoi increased 0.11% month on month, and climbed 1.22% in the first half of this year compared to the same period last year, reported the Hanoi Statistics Office.
Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 billion USD), according to the General Statistics Office (GSO).
Laos's inflation rate in April dropped to 39.89%, a slight fall from the average rate of 40.85% in the first quarter of this year, according to the Lao Statistics Bureau.
The fourth Global Conference on Sustainable Food Systems Programme will take place in Hanoi from April 24-28, with over 200 foreign delegates from member countries and organisations taking part, announced the Ministry of Agriculture and Rural Development (MARD).
According to the Ministry of Planning and Investment, by the end of 2022, Russia had more than 160 investment projects in Vietnam with total registered capital of nearly 1 billion USD, ranking 27th out of 140 countries and territories having foreign direct investment in Vietnam.
The Federation of Thai Industries (FTI) is gripped with a fresh worry over the influx of inexpensive Chinese goods following China's reopening, though Beijing's policy is good for the tourism sector.
Vietnam exported goods worth 8.21 billion USD to the Americas in January and spent 1.64 billion USD on imports from this market, resulting in a trade surplus of 6.56 billion USD, according to the Ministry of Industry and Trade (MoIT).
