Hundreds of thousands of counterfeit products have been sold on the market for many years, including fake food and drugs. Now, Việt Nam is stepping up inspections and enforcement to curb these violations, sending a clear message that they are ready to combat counterfeits!

Under the proposal, the corporate income tax exemption period is will begin from the first year the enterprise generates taxable income.

Local investor Sài Gòn - Đà Nẵng Investment joint stock company (SDN) has started construction on the Hòa Nhơn Industrial Park, located on 24.75ha with an investment of VNĐ285 billion (US$11 million), the very first item for the approved Industrial Support Complex in the city’s master plan for 2021-2030.

With more than two billion consumers, representing nearly 25 per cent of the global population, the halal market is worth trillions of US dollars annually.

Among 72 countries and territories investing in Việt Nam over this the period, Sweden emerged as the third largest investor, with a total investment of $1 billion or 10.8 per cent of newly registered FDI, coming after only Singapore and China.

The proposal was made in VAFI's comments on a draft decree amending and supplementing Decree 126/2020/NĐ-CP detailing a number of articles of the Law on Tax Administration and the Draft Law on Personal Income Tax.

The meetings of the Việt Nam – UK Joint Economic and Trade Committee (JETCO) and the UK – Việt Nam Free Trade Agreement (UKVFTA) Trade Committee have delivered positive outcomes, helping to strengthen bilateral economic ties, resolve trade barriers, and create a more favourable business environment for enterprises from both countries.

The investigation is being carried out on suspicion that these products used aluminum foil manufactured in China then completed in third countries to circumventing the antidumping duty and countervailing duty orders on aluminum containers from China.

The project, located in Block 09-2/09, offshore in the Cửu Long Basin off the southern coast of Việt Nam, was completed one day ahead of schedule, meeting all technical and safety standards. 

The northern province remains a magnet for both domestic and foreign investors, particularly in the field of electronic component manufacturing, where several new and expanded FDI projects have come into operation.

The northern port city of Hải Phòng expects a strong wave of investment from APEC economies as it is going to host the third meeting of the APEC Business Advisory Council (ABAC III) from July 15-18, said Lê Trung Kiên, head of the Hải Phòng Economic Zone Authority.

Thanh Hoá Province would need an estimated VNĐ21.9 trillion (US$840 million) to invest in seaport infrastructure by 2030, according to plans to develop the province’s seaport land and water areas recently approved by the Ministry of Construction.

The green transformation in logistics has moved from being a mere trend to an unavoidable imperative. It affects not only a company’s competitiveness, but also its very survival. 

The Petrol and Oil Price Stabilisation Fund currently holds more than VNĐ6 trillion (over US$230 million). Economists said the fund has become an indirect tax, on top of being vulnerable to misuse and profiteering. It has also not been used in months.

Vĩnh Long Province is calling for investment projects in its key economic and industrial zones, with a focus on renewable energy, logistics, infrastructure and urban development.

A notable trend this year is the shift from raw material imports to deep processing orders, with countries like Việt Nam, Thailand, the Philippines, and Indonesia becoming central players in the global tuna supply chain.

Prime Minister Phạm Minh Chính has urged Japan’s Marubeni Corporation to expand investment in Việt Nam’s energy sector, especially in gas and offshore wind, to support growth and regional electricity exports.

The streamlining of administrative structures following the reorganisation of provincial units is beginning to yield clear improvements in the investment and business climate.

VCCI proposed completely abolishing the notification procedure for e-commerce websites and shifting to post-transaction monitoring to control the activities of these platforms.

With a highly open economy, Việt Nam remains vulnerable to increasingly complex global developments and internal weaknesses, Deputy Prime Minister Nguyễn Chí Dũng said.