Vietnam Business News

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• Viettel promotes electronic tax filing
• Exports to Japan, China soar
• Duty on oil imports raised 3 percentage points
• Japanese firms eye mergers, acquisitions across Vietnam
• The Middle East- a lucrative market for Vietnamese seafood
• Economists discuss ways to help SMEs
• Vietinbank builds kindergarten in HCM City
• Vietnam joins WB’s Eco2 Cities program
• Nearly VND200 trillion to develop railway system
• VN to host forum on trade with Latin America

Viettel promotes electronic tax filing Posted: 09 Jun 2012 09:01 PM PDT Viettel has officially provided a new incentives package on Certification Authority Digital Signatures and e-tax declarations known as Viettel-CA and VTax respectively. The new package was launched to help businesses save 20 per cent in expenses each year. The application of digital signatures and e-tax declarations online is mostly aimed at businesses. The Ministry of [...]

Exports to Japan, China soar Posted: 09 Jun 2012 09:00 PM PDT Viet Nam’s export turnover to major markets of Japan and China sharply surged in the first five months of this year, thanks to the price hike of many products and a higher demand in the outlets, according to the Ministry of Industry and Trade. The ministry said that average export prices of many products tended [...]

Duty on oil imports raised 3 percentage points Posted: 09 Jun 2012 08:54 PM PDT The Ministry of Finance raised the import duty on refined oil products by 3 percentage points yesterday following a fuel price cut on June 7. According to Circular 94/2012/TT-BTC, the import duty for petrol and diesel was increased to 7% and 6% respectively, while the duty on kerosene and mazut rose from 5% to 8%. [...]

Japanese firms eye mergers, acquisitions across Vietnam Posted: 09 Jun 2012 08:54 PM PDT Japanese companies are extremely interested in investing in Viet Nam through the mergers and acquisitions route, Onji Yoshimitsu, CEO of Japan’s RECOF Corporation, has said. Speaking at an M&A forum organised by the Vietnam Investment Review newspaper and AVM Vietnam in HCM City yesterday, he said: “Japan’s decreasing domestic demand based on population decline is [...]

The Middle East- a lucrative market for Vietnamese seafood Posted: 09 Jun 2012 08:53 PM PDT Since the beginning of 2012, Vietnam’s seafood exports to the Middle East have surpassed US$117 million, accounting for 5.1 percent of the country's total export revenue.   Lying at the junction of Asia, Africa and Europe, the Middle East serves as a gate for goods to penetrate neighboring regions. It is also a promising new market [...]

Economists discuss ways to help SMEs Posted: 09 Jun 2012 08:45 PM PDT Vietnamese and international economists gathered in Can Tho City on June 8 to discuss ways to sharpen the competitive capacity of small-and medium-sized enterprises (SMEs). Participants in the seminar shared their experiences in developing SMEs around the world, minimizing negative impacts when doing business and taking advantage of international integration. They highlighted the advantages of [...]

Vietinbank builds kindergarten in HCM City Posted: 09 Jun 2012 08:45 PM PDT The Vietnam Bank of Industry and Trade (Vietinbank) invested VND20 billion to build a kindergarten in District 3, Ho Chi Minh City, on June 9. It also presented 150 savings books worth VND10 million each to local people. The bank has actively contributed to reducing poverty in recent years with total donations of VND2,000 billion [...]

Vietnam joins WB’s Eco2 Cities program Posted: 09 Jun 2012 08:45 PM PDT The Vietnamese translation of the Eco2 Cities book was released in Hanoi on June 8, which explains in detail the concepts and strategies of the World Bank's Eco2 Cities program. Vietnam is one of the first countries to begin work with the new Eco2 Cities program, which supports cities and metropolitan regions in planning, managing [...]

Nearly VND200 trillion to develop railway system Posted: 09 Jun 2012 08:39 PM PDT The Government has approved a VND200,000-billion project to develop Vietnam's railway system in the 2012-2015 period. The Vietnam Railway Corporation's project aims to upgrade the current railways on Lao Cai-Hanoi-Haiphong route to enable trains to move at speeds of 80-120km per hour. It will also build an express railway route from Hanoi to Ho Chi [...]

VN to host forum on trade with Latin America Posted: 09 Jun 2012 08:38 PM PDT Vietnam will host a ministerial level forum on investment and trade between Vietnam and Latin America in Hanoi in early July. At a meeting with Argentinian businesses on June 7, Vietnamese Ambassador to Argentina Nguyen Van Dao invites all Argentinian businesses to attend the forum, the first of its kind in Vietnam . He said [...]

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