Foreign firms in Vietnam want clarity, more incentives to offset GMT impacts
Foreign businesses operating in Vietnam have called on the Vietnamese authorities to issue clearer policies and consider further incentives to offset negative effects of the Global Minimum Tax (GMT) that was enacted in January.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to tap global minimum tax revenues for fund to support priority sector investors
The Ministry of Planning and Investment is gathering comments on a draft decree to establish a fund that will use part of Global Minimum Tax (GMT) revenues to support investors in priority sectors.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US committed to tech development, workforce training support for Vietnam: envoy
The U.S. is committed to helping Vietnam with technology development and workforce training to tap opportunities arising from the latest upgrade in bilateral ties, said ambassador Marc Knapper.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Netherlands’s BE Semiconductor Industries to invest $5 mln in HCMC
BE Semiconductor Industries (Besi) of the Netherlands has been granted an investment certificate to invest $4.9 million in Ho Chi Minh City during a visit by Dutch Prime Minister Mark Rutte.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm Coherent plans high-tech investments in southern Vietnam
Coherent Corp., an American manufacturer of optical materials and semiconductors, plans to invest hundreds of millions of U.S. dollars in Dong Nai province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan electronics supplier Foxlink to invest $135 mln in central Vietnam
Taiwan-based Foxlink International Investment Ltd, a maker of electrical components for communications devices, computers and consumer electronics, will invest $135 million in a factory in the central city of Danang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Vietnam province Binh Dinh calls for investment in $48 mln shrimp farm
The central province of Binh Dinh is calling interested investors to submit bids for a 219 hectares hi-tech shrimp farm complex with an estimated investment of VND1.18 trillion ($48.2 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch agri giant De Heus, Vietnam firm to build $107 mln complex near HCMC
Dutch agribusiness De Heus and Vietnam’s Hung Nhon Group signed a memorandum of understanding with the People's Committee of Tay Ninh on Friday to develop a high-tech agricultural complex in the southern province with VND2.5 trillion ($106.5 million) in investment.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
EU imports $20 bln of high-tech products from Vietnam in 2022
The European Union spent EUR18 billion ($19.55 billion) on importing high-tech products from Vietnam in 2022, according to Eurostat, the EU's statistics office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Inventec’s Hanoi facility to enter operation next year
Inventec, a Taiwan-based supplier for Apple, is set to launch a research and development and supply chain complex at the Hanoi Southern Supporting Industrial Park (HANSSIP) in the second quarter of 2024.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firm to export rare earth to South Korea
Vietnam Rare Earth JSC (VTRE), a business based in the northern province of Ha Nam, signed a contract on Thursday to annually export 1,000-2,000 tons of rare earth to South Korea.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coastal province Phu Yen eyes high-tech economic zone
Phu Yen province plans to develop its Nam Phu Yen Economic Zone with a focus on high-tech and seaport-related industries.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
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