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Vietnam imposes VAT on low-value imported goods

Vietnam imposes VAT on low-value imported goods

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).
Tay Ninh’s economy to grow 5.5% this year

Tay Ninh’s economy to grow 5.5% this year

The gross regional domestic product (GRDP) of the southern province of Tay Ninh is expected to grow 5.5% this year to reach 59.23 trillion VND (2.44 billion USD), the municipal People’s Committee reported.
Vietnam enhances positions in global value chain

⛎ Vietnam enhances positions in global value chain

The attraction of large foreign direct investment (FDI) inflows from the US and Europe, especially into industries with high added value such as manufacturing, technology and pharmaceuticals, is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain, according to Savills Vietnam experts.
Hanoi attracts nearly 2.3 bln USD of FDI in 7 months

ไ Hanoi attracts nearly 2.3 bln USD of FDI in 7 months

The capital city of Hanoi attracted nearly 2.3 billion USD of foreign direct investment (FDI) in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.
11-month public investment disbursement up nearly 20%

꧋ 11-month public investment disbursement up nearly 20%

An estimated 445.9 trillion VND (over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of 2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, according to the General Statistics Office (GSO).
Long An leads country in attracting FDI

Long An leads country in attracting FDI

The southern province of Long An led the country in attracting foreign direct investment (FDI) capital in the first half of this year, despite the COVID-19 pandemic.
Hanoi a bright spot in FDI attraction

Hanoi a bright spot in FDI attraction

Hanoi has attracted around 25 billion USD in foreign direct investment (FDI) over the last five years, with priority given to quality and sustainable development, figures show.
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