Preferential export taxes offered by CPTPP are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade.

The participation in new-generation free trade agreements (FTAs) has proved to be a driving force for exports but also posed challenges for Vietnamese firms in meeting importers’ requirements and competing with foreign rivals right in the domestic market.

Vietnamese logistics firms are embracing technology to optimise their costs and improve their competitiveness, according to experts.

The Americas was the fastest growing trade partner continent of Vietnam in the first five months of 2019, with expansion of over 22 percent, according to the General Department of Vietnam Customs.

The State Bank of Vietnam set the daily reference exchange rate at 23,074 VND/USD on the morning of June 18, up by 5 VND from June 17.

Sugar prices are likely to increase due to the shortage of 2.5 million tonnes of sugar during the 2019 – 2020 crop, experts forecast at the fourth conference of the ASEAN Sugar Alliance (ASA) underway in Ho Chi Minh City on June 17-18.

The Dung Quat Economic Zone (EZ) and Quang Ngai Industrial Parks (IPs) Authority has granted an approval in principle for Hoa Phat multipurpose port company to develop a large-scale port complex in the central province.

The whole agricultural sector has maintained relatively good growth in the first half of 2019 despite a number of difficulties, especially the African swine fever epidemic, which has left a heavy impact on domestic animal husbandry.

An alliance was set up on June 17 with a view to promoting sustainable shrimp production, an important sector in Vietnam’s agriculture.

The Central Highlands province of Dak Lak is encouraging more farmers to apply efficient irrigation technologies on industrial trees to save irrigation water and reduce production costs.

There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17.

Lam San agricultural cooperative in Cam My district, the southern province of Dong Nai, has exported over 500 tonnes of safe and organic peppercorns to Europe since early this year.

The retail prices of oil and petrol were adjusted down starting from 3 pm on June 17 following a decision made by the ministries of Finance, and Industry and Trade.

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.

The ODA National Steering Committee held a meeting with donors in Hanoi on June 17 to seek solutions to speed up the disbursement of ODA capital and preferential loans, which has showed signs of slowing down in recent years.

Vietnamese automaker VinFast on June 17 officially handed over 650 units to the first customers who had placed their orders.

JG Summit Holdings, Inc. one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

Vietnam is becoming one of the hottest startup hubs not only in Asia but also in the world, according to the International Business Times (IBTimes), a world leading provider of business and financial news.

Farmers in Sam Son city, the north-central province of Thanh Hoa, have become rich by developing traditional fish sauce production and business.

HanesBrands Vietnam, one of the biggest subsidiaries of the world’s largest marketer of basic apparel whose headquarters are based in the US, is planning to increase the number of its factories and expand the scale of production in Vietnam, the group’s Vice President Jerry Cook has said.