Topic: government

The draft resolution on the establishment of international financial centers in Vietnam expected to be passed in May.

Regulatory reforms, financial support, improved infrastructure, and tax incentives have collectively created fertile ground for private sector development, according to GIZ Vietnam.

Under the new proposal, more goods and services such as information technology, coke, oil and gas are subject to VAT reduction policy.

Vietnam has coordinated closely and proactively with the U.S. to negotiate for fair tariff solutions and promote the two-way trade in a mutually beneficial manner, according to Deputy Prime Minister Ho Duc Phoc.

At an event on March 18, representatives of Nordic nations shared their expertise in leveraging digital transformation for public governance to better serve businesses and citizens.

Under a resolution approved by the National Assembly on February 18, the Government comprises 14 ministries and 3 ministerial-level agencies.

The government recently issued a decree providing financial support up to 50% of initial investment costs for enterprises undertaking research and development projects in the semiconductor and artificial intelligence industries.

Under the plan approved on December 5, some 14 ministries and ministerial-level agencies will be restructured, rearranged and merged.

Property losses are estimated at more than VND50 trillion (nearly $2 billion), which is forecast to slow this year’s GDP growth by around 0.15%.

During its meeting on September 14, the Government continued perfecting the legal framework, addressing limitations and solving obstacles to facilitate development.