News

Vietnam collects $145.5 million in taxes from TikTok, Facebook, and Google

Tech giants including Meta (Facebook), Google, TikTok, Microsoft, eBay, etc. have declared and paid taxes totaling VND 3,444 billion ($145.5 million), according to the General Department of Taxation.

Overseas remittances to HCM City to reach $6.8 bln in 2022

The flow of overseas remittances to Ho Chi Minh City is estimated to reach $6.8 billion in 2022, the State Bank of Vietnam’s branch in the southern city has reported.

Vietnam Approaches a $15 Billion Climate Pact to Reduce Dependence on Coal

Vietnam and donors led by the European Union are close to an agreement on a $15 billion climate funding package, Bloomberg reported.

Vietnam receives assistance from IFC and Australia in raising $300 million for the private ...

The partnership between IFC and the Australian Government will help Vietnam continue its growth path, whereby at least $300 million in private investment capital in Vietnam will be unleashed.

Central bank raises credit growth cap, pumps $17bn into economy

The State Bank of Vietnam has revised up the credit growth target for the domestic banking system by 1.5-2 percentage points.

Vietnam's aviation authority proposes to build 9 new airports

In the draft master plan for the development of the national airport and airport system period 2030, the vision to 2050, Vietnam's Civil Aviation Authority recommended the addition of 9 new airports.

Ho Chi Minh City build its first logistics hub in 2023

The Ho Chi Minh City Hi-Tech Park logistics hub is now on its eighth of a total of 12 phases. The first dedicated logistics hub will be constructed in 2023.

Vietnam and Cambodia are attracting Japanese garment manufacturers away from ...

As China's growing labor costs and zero-COVID policy undermine its dominance, major Japanese garment manufacturers are relocating more of their offshore production from China to Southeast Asia, Nikkei Asia reported.

Vietnam imports over 144,000 automobiles in 2022

Compared to the same time last year, more of the aforementioned goods were imported into Vietnam, according to statistics from the General Department of Customs

EVN anticipates raising electricity rates as coal prices rise

Vietnam Electricity Group (EVN) is under pressure from rising power-generating costs and plans to increase consumer tariffs in 2023.

G7 extends a new $15 billion commitment to Vietnam in order to reduce coal ...

The Group of Seven (G7) industrialized nations made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transition away from coal.

Apple to move manufacturing out of China to India, Vietnam

Apple is now working on a long-term plan to reduce its dependence on China for its manufacturing, reveals a Wall Street Journal report.

Samsung, LG plan multi-billion-dollar additional investment in ...

South Korean electronics giants Samsung and LG plan to pour billions of dollars of additional investment into Vietnam, the Vietnamese government said on Tuesday.

Vietnamese dong only falls 6.1% against the US dollar

On December 6, the SBV's declared central exchange rate between USD and VND remained steady at VND23,658 ($1).

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News

Vietnam among five centers of the global supply chains

Fruit and vegetable exports to China reach $1.4 billion at the end of the year

JICA sponsors a $25-million wind energy development project in Ninh Thuan