HANOI: Nearly US$28.85 billion in foreign investment (FDI) was registered as of Nov 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning …
China, Vietnam seek rail and hi-tech ‘interconnection’ as trade, investment skyrocket
Manufacturing heavyweights China and Vietnam have stepped up talks toward improving economic ties that could give Chinese railway contractors and hi-tech firms, among others, a stronger hold in the …
TTC Group chairman sees 2024 as pivotal year for M&A in Vietnam
At the Vietnam M&A Forum 2023 on November 28, TTC Group’s chairman Dang Van Thanh reflected on his journey in the world of mergers and acquisitions.
Food delivery firm leaves Vietnam after repeated losses
Delivery Hero CEO Niklas Östberg said the business in Vietnam never brought profits, though the company’s assessment about prospects in Asia was positive. Vietnam, with a population of nearly 100 …
Vietnam Adopts Rule on Global Minimum Tax for Foreign Firms
While Vietnam currently taxes corporate income at 20%, a finance ministry report Nov. 2 showed the effective rate can be as low as 10% for large international firms when factoring in tax holidays and …
Vietnam parliament approves global minimum corporate tax
“The National Assembly is not issuing a separate resolution on investment incentives at this time,” said Le Quang Manh, head of the assembly’s financial commission. Vietnam‘s corporate income tax is …
South Korea’s Samsung expected to shoulder bulk of Vietnam’s corporate tax increase
The South Korean electronics giant, which assembles half of its smartphones in Vietnam, paid as little as 5.1 per cent in tax in 2019 in one of the Vietnamese provinces where it has operations.
A group of vets return from their visit to Vietnam after seeing the country in a new light
Veteran Sam Jones says what he experienced when he got off the plane, was not what he experienced 50 years ago when serving in Vietnam …
Vietnam Relied on Environmentalists to Secure Billions. Then It Jailed Them.
Several countries behind the climate deal have expressed concern about the detentions in Vietnam, but rights groups say those nations need to predicate their financial support on the release of the …
Analysts: Vietnam’s Island Expansion Aims to Counter China
Vietnam is dredging and filling out the Spratly Islands in the South China Sea, a move that appears to be aimed at countering China’s assertive behavior in the disputed waters, analysts said. Recent …