Vietnam to apply global minimum tax from January 1 (01/12/2023)
With 462 deputies, or 93.52 per cent, voting in favor, the 15th National Assembly (NA)’s 6th session approved a resolution on November 29 on topped-up corporate income taxes under the Global Anti-Base Erosion (GloBE) rules.

Certain banks to get extra credit growth quotas (01/12/2023)
Those commercial banks that have reported credit growth of 80% or higher in the year to date will be automatically entitled to extra credit growth quotas based on their 2022 rankings, the State Bank of Vietnam (SBV) has announced.

Vietnam enjoys significant benefits from EVFTA (01/12/2023)
Ambassador Karl Van den Bossche of the Kingdom of Belgium in Vietnam has highlighted that Vietnam is reaping significant benefits from the EU-Vietnam Free Trade Agreement (EVFTA), surpassing the advantages for the EU by more than fourfold.

Range of Asian neighbours explore M&A potential (01/12/2023)
Amidst the challenging environment, strategic investors from the likes of Thailand, Singapore, Japan, and South Korea continue to dominate merger and acquisition transactions in Vietnam.

Vietnam, China push up cross-border trade (01/12/2023)
Permanent Vice Chairman of the Lang Son provincial People’s Committee Duong Xuan Huyen held a working session with a visiting delegation from the People’s Government of China’s Guangxi Zhuang Autonomous Region on November 30 to discuss measures to facilitate exchanges and cross-border trade.

Ministry reports difficulties in next-generation FTA implementation (01/12/2023)
The Ministry of Industry and Trade (MOIT) has submitted to the government a report about problems related to implementation of next-generation free trade agreements (FTAs).

Four countries eye $20 billion durian market, VN holds advantage (01/12/2023)
China is the world’s largest durian market with expected value of $20 billion by 2025. There are four major rivals in the market and Vietnam is one.

Vietnam & Turkey target $4 billion in annual two-way trade (01/12/2023)
Prime Minister meets with Turkish Vice President during his overseas trip.

Disbursed FDI capital hits five-year high (30/11/2023)
2,865 new FDI projects were granted investment licenses in the January-November period, a rise of 58.1 per cent year-on-year.

Deputy PM suggests ANZ Group invest in green transition in Vietnam (30/11/2023)
Deputy Prime Minister Le Minh Khai suggested Australia and New Zealand Banking Group Limited (ANZ) invest in high-tech, green transition, clean energy and renewable energy in Vietnam at a reception for its Chief Executive Officer Shayne Elliott in Hanoi on November 29.

Vietnam is now in Europe’s sights for unprecedented energy transition (30/11/2023)
Vice President of the European Investment Bank (EIB) Kris Peeters brought a portfolio of investment items when visiting Vietnam.

Climate tech investment hits the spotlight (30/11/2023)
As the landmark COP28 kicks off this week, the spotlight is on the development of climate tech to bring the region closer to the 2015 Paris Agreement targets.

Export-import turnover of agro-forestry-aquatic products down 5.9% (30/11/2023)
Vietnam’s total export and import turnover of agro-forestry-aquatic products is estimated at 85.13 billion USD in the January-November period, down 5.9% from the same period last year, the Ministry of Agriculture and Rural Development (MARD) reported.

Vietnamese export goods face increasing trade defence measures in CPTPP markets (30/11/2023)
In 2021, Việt Nam’s exports to the four CPTPP countries in the Americas reached more than US$12 billion, including $5.3 billion from exports to Canada, 75 per cent higher than before having the agreement.

Japan is Vietnam’s leading trading partner (30/11/2023)
For many years, Japan has been Vietnam’s leading trade partner with bilateral turnover reaching tens of billions of USD annually.

Vietnam’s trade surplus at 22.44 billion USD in 11 months (30/11/2023)
Vietnam enjoyed a trade surplus of 24.44 billion USD as of November 15 this year, according to data released by the General Statistics Office (GSO).

Vietnam exports shrimp to 100 countries, territories: Authority (29/11/2023)
Vietnam is exporting shrimp to about 100 countries and territories across the world, according to the General Department of Fisheries under the Ministry of Agriculture and Rural Development.

Vietnam targets 44 billion USD in textile, apparel export turnover in 2024: VITAS (29/11/2023)
Vietnam Textile and Apparel Association (VITAS) has set a target of earning 44 billion USD from textile and apparel exports in 2024 as positive changes have seen from the last quarter of this year.

Vietnam adapting to trade defense to go global (29/11/2023)
Vietnamese exporters are now facing various trade defense instruments from the US and EU, asking them to be well-prepared to succeed in international markets.

FDI flows into Vietnam go up 14.8% in 11 months (29/11/2023)
Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.