Business News

[27-12-2016] Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts. Nguyễn Tường, Vice Chairman of the Việt Nam Logistics Association, said the textile industry needs to import raw materials from abroad and export products to foreign markets.

[06-12-2016] Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV)reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership (TPP) agreement, many textile and garment firms have over the past two years started building textile and dyeing complexes.

[29-10-2016] Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam. The co-operation, which is the first of its kind in Việt Nam, marks a new step in promoting the sustainable development of the apparel and footwear sectors in terms of economy, society and environment.

[02-10-2016] Unlike two years ago, when Vietnam witnessed a wave of foreign direct investment (FDI) in textile & garment projects, the capital flow into the sector has slowed down. A series of huge projects with investment capital of billions of dollars were registered in 2014 and 2015.

[06-10-2016] October 6th marks the grand return of four mega exhibitions “METALEX Vietnam 2016,” “Business Alliance 2016 for Supporting Industry,” “NEPCON Vietnam 2016,” and “Industrial Components & Subcontracting Vietnam 2016”.

[09-12-2016] The Vietnam Chamber of Commerce and Industry (VCCI) has recently collaborated with the General Department of Vietnam Customs and the General Department of Taxation (under the Ministry of Finance) to organise the Tax and Customs Policy Dialogue Conference with businesses in 2016, drawing over 400 domestic and foreign enterprises.

[01-12-2016] Lending of the banking sector as of November 22 had expanded by around 14 per cent against December last year, with đồng loans rising 15.3 per cent and foreign currency loans increasing 2.8 per cent, State Bank of Việt Nam Deputy Governor Đào Minh Tú reported.

[28-11-2016] The online tax refund pilot project would be implemented in 13 municipal taxation departments this year and expanded next year. The project is aimed at reducing negative phenomena in the refund of value added tax (VAT). Nguyễn Đại Trí, deputy head of the General Department of Taxation under the Finance Ministry, released the information at a press briefing to introduce some e-tax services in Hà Nội last Friday.