Topic: Vietnam

Prime Minister Pham Minh Chinh meeting with visiting Belgian King Philippe in Hanoi on April 1.

If e-commerce platforms were to deduct and pay taxes on behalf of sellers, tax management would be more efficient and transparent, particularly for stores where sellers remain unverified.

Notable adjustments include a reduction in the preferential import tax rate for automobiles under HS codes 8703.23.63 and 8703.23.57, from 64% to 50%.

Major suppliers including China, South Korea, Thailand and Japan.

"The development of the financial center is one of the strategic spearheads to help transform the growth model, improve resource utilization efficiency, and strengthen Vietnam's position on the international stage," Minister of Finance stated.

The assets under management of securities investment funds remain modest relative to their potential, representing just 6.5% of Vietnam's GDP, compared to 21% in Thailand and 52% in Malaysia.

Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.

Chemical-pharmaceutical industry is identified as one of the three key sub-sectors of pharmaceutical manufacturing.

The event is part of Brazilian President Luiz Inácio Lula da Silva’s State visit to Vietnam.

Vietnam has made significant progress, narrowing the Green IMPACT Gap from 52% in 2023 to 45% in 2024.