VIETNAM SIGNS 74 DOUBLE TAX AVOIDANCE AGREEMENTS
[23-06-2016] The General Department of Taxation recently released Official Document No 2264/TCT-TCHQ to update effective double tax avoidance agreements and protocols to which Vietnam is a signatory.
MEXICO OPENS NEW SEA ROUTE TO VN
[22-06-2016] The Port of Lazaro Cardenas (LCT), the largest Mexican container port, launched routes to Viet Nam and Chile on June 21 which will save up from 13 to 18 days of transit. According to Alfredco Huesca, the LCT general manager, the sea routes will be operated through an alliance between Trade Link Pacifico and Kansas City Southern de Mexico (KCSM) rail companies.
TENDER NOTIFICATION
[27-06-2016] The public tender notifications issued by the Hong Kong SAR Government for your information. We should be grateful if you would notify manufacturers, agents and distributors who, in your opinion, will be interested in submitting a bid for the tenders.
CHANGE FOR GROWTH
[20-06-2016] As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Over the years the most populous city of the country has repeatedly proposed a separate mechanism to unlock its huge potential.
HANOI FINDS INVESTORS FOR 43 PROJECTS
[17-06-2016] The government of Hanoi City is finding investors for 43 projects planned for implementation this year at a total cost of VND372.25 trillion (US$16.6 billion). Of the projects, the capital city needs a combined VND316.8 trillion for 10 projects to upgrade and build apartment buildings in Cau Giay, Ba Dinh, Dong Da, Hai Ba Trung and Hoang Mai districts.
EXPORT GROWTH SLOWS DOWN
[16-06-2016] According to the General Department of Vietnam Customs, by May 15, total exports and imports of Vietnam reached US$117 billion, up 0.8 percent compared to the same period of 2015. Thus, Vietnam has a trade surplus of US$1.23 billion, of which FDI enterprises contribute to 70 percent of export value.
TRADE SURPLUS EXCEEDS US$1.6 BLN IN FIVE MONTHS
[16-06-2016] Viet Nam’s two-way trade value reached US$133.246 billion in the first five months of 2016, including two import items and one export commodity joining the US$10 billion value club, according to the Viet Nam Customs. Of the figure, the export turnover attained US$67.444 billion, up 6.2% compared to the same period last year while the import value achieved US$65.805 billion, down 1,7%.
EU COMMISSION PUBLISHES GUIDE TO EU-VIETNAM FTA
[21-06-2016] The European Commission has published a guide to the EU-Vietnam Free Trade Agreement, to help businesses understand the outcome of the negotiations, what is actually in the FTA, and tools for taking advantage of the opportunities.
