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HCM City wanted to attract investment from enterprises of the Philippines, municipal People’s Committee Vice Chairman Le Manh Ha said yesterday.
Vietnam wants Israeli businesses to increase their investment in the country to fully tap into their potential, says Minister of Planning and Investment Bui Quang Vinh.
Mercedes-Benz Vietnam will keep expanding investments in the coming time despite a strong drop in the local market, plus disadvantages for local auto manufacturers as the import tax on completely-built-up cars is on the decline.
The State Bank of Vietnam (SBV) will work with the World Bank (WB) on a funding agreement for the existing project on rural hygiene and clean water in eight Red river delta provinces.
Representatives of businesses from Aichi Prefecture, Japan, gathered for a meeting in Hanoi on September 6 to review their operations in Vietnam over recent years.
The economy is showing vital signs of a recovery. The Ministry of Planning and Investment (MPI) last week reported the industrial production (IIP) index for August rose 4.1 per cent against July, when the IIP climbed only 3.1 per cent on-month.
The Hong Kong and Shanghai Banking Corporation (HSBC) on Sept. 4 released a report on Purchasing Manager Index (PMI) of Vietnamese manufacturing sector.
Vietnam has been levying unnecessarily high duties and fees on economic sectors, reducing businesses’ capital accumulation ability and greatly contributing to the country’s macro-economic instability, the National Assembly’s Economic Committee said in its latest report.
The General Department of Customs last Thursday asked the Ministry of Finance to loosen requirements for imports of new cars in a bid to increase import tax revenues and save struggling car dealers.
The Ministry of Finance (MoF) held a dialogue with businesses from the Republic of Korea (RoK) businesses in Ho Chi Minh City in September 2012 on tax policies and administrative procedures.
Law makers agree with the Government’s proposal to increase the personal income tax threshold to VND9 million (US$429), 2.25 times higher than the current level.
Transport links into Ha Noi will receive a significant upgrade after a VND527 billion (US$23.9million) road renovation project was approved.
