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Recommendations made to improve HCMC’s Cat Lai Port
Business

Recommendations made to improve HCMC’s Cat Lai Port

The Trade Facilitation Program in Vietnam, funded by the United States Agency for International Development (USAID), has made a number of recommendations on reducing congestion and facilitating logistics at Cat Lai Port in Ho Chi Minh City. Leveraging IT solutions, expanding infrastructure, and improving operational performance count among the most notable.
Business

Textiles & garments aiming to complete ‘greening’ by 2030

Vietnam’s textiles and garment sector is a traditional outsourcing industry using a lot of labor and natural resources, making its transition to green production a major challenge. The Vietnam Textile and Apparel Association has set a target of reducing energy consumption by 15 per cent and water consumption by 20 per cent by 2023 and completing the “greening” of the sector by 2030.
Business

PM meets with Warburg Pincus CEO

On May 15, at a meeting with Mr. Charles Kaye, CEO of Warburg Pincus, Prime Minister Pham Minh Chinh, who is in the US on a working visit, affirmed that the Vietnamese Government has introduced favorable conditions for foreign investors to do business effectively, and suggested that the company continue to expand its investment in the country. Vietnam is Warburg Pincus’s third-largest investment destination in Asia, following China and India.
High-quality human resources still a problem in south

High-quality human resources still a problem in south

The Southern Key Economic Region, including Ho Chi Minh City and seven neighboring provinces, is the driving force of Vietnam’s economic, scientific, and technical development. But it is still grappling with a shortage of high-quality human resources, as the skills of individuals is out of synch with the needs of society and enterprises.
Solutions offered on sending Vietnamese brands out to the world

Solutions offered on sending Vietnamese brands out to the world

Vietnam has just eleven brands in the top 1,000 brands in Asia and none on the Global Brand list. The Ministry of Industry and Trade (MoIT) is busy implementing the National Brand Program to expand how Vietnamese brands go out to the world. The overseas Vietnamese community, with nearly 5 million people living in 190 countries and territories, is also considered a bridge in sending Vietnam’s national brands out to the world.
Taxes to increase under reform strategy

Taxes to increase under reform strategy

A number of different tax rates are set to rise under the Tax System Reform Strategy to 2030, such as VAT, excise taxes on tobacco, beer and alcohol products, and housing taxes. Import and export taxes will be gradually reduced, meanwhile, and suitable preferential policies will be introduced to support spearhead economic industries, supporting industries, and certain other sectors. There will also be corporate income tax incentives introduced for small and micro-enterprises.
Matching Webinar on seafood exports held

Matching Webinar on seafood exports held

On April 25 and 26, “The Vietnam - EU Business Matching Webinar on Seafood Products” is being held by the Vietnam Trade Promotion Agency (VIETRADE) and the Vietnam Trade Office in the EU. It falls under the National Program on Trade Promotion in 2022, aiming to help localities, enterprises, and cooperatives that supply Vietnamese seafood strengthen their search for partners and find business and export opportunities in the EU.
Car imports down y-o-y

Car imports down y-o-y

Vietnam imported nearly 8,400 completely-built-up (CBU) cars in the first 15 days of April, up 111 per cent against the second half of March. However, CBU imports since the beginning of the year are down sharply year-on-year, by 24 per cent in quantity and 18 per cent in value.
Solutions needed to improve local product output

Solutions needed to improve local product output

Vietnamese products still have difficulties in improving output and entering distribution channels. The Ministry of Industry and Trade (MoIT) believes it is necessary to promote activities to link the supply and demand of products and have mechanisms and policies to develop commercial infrastructure, build a widespread distribution network, and focus on developing distribution on e-commerce.

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