Vo Thi Anh Xuan appointed acting President of Vietnam
Vietnamese Vice President Vo Thi Anh Xuan has been appointed acting President again starting Thursday, as the parliament endorsed President Vo Van Thuong's resignation.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam urges Germany to ratify Europe-Vietnam investment protection pact soon
Germany should soon ratify the Europe-Vietnam Investment Protection Agreement (EVIPA), three top leaders of Vietnam said to German President Frank-Walter Steinmeier during the latter’s two-day Vietnam visit.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
China’s JA Solar earns 2023 revenue of $2.8 bln in Vietnam, to double in 2024
China-based JA Solar, among the biggest solar energy cell firms in the world, earned a revenue of $2.8 billion from its activities in Vietnam in 2023, and expects to double that figure in 2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Con Dao island to power up with $103 million investment
State utility Vietnam Electricity (EVN) will be allocated VND2.53 trillion ($102.8 million) to extend the power grid to Con Dao island off the southern province of Ba Ria-Vung Tau per a resolution passed by the National Assembly on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam passes amended credit institution law with cross ownership adjustments
The National Assembly, Vietnam’s highest legislative body, passed the amended Law on Credit Institutions Thursday with 91.28% of votes in favor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Party chief attends extraordinary parliament session after weeks of public absence
Party General Secretary Nguyen Phu Trong is attending the opening ceremony of an extraordinary session of the National Assembly on Monday morning after three weeks out of the public eye.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top 10 Vietnam National Assembly 2023 highlights
General Secretary of the National Assembly Bui Van Cuong has announced 10 highlights of the legislature in 2023 on the occasion of the 78th anniversary of the first parliament general election (January 6, 1946 - January 6, 2024) and the new year 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to vote on landmark laws on land, credit institutions next week
The National Assembly, Vietnam’s highest legislative body, is set to conduct an extraordinary meeting next week, featuring votes on the draft amended laws on land and credit institutions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$5.4 billion petrochemicals complex to begin commercial operations in March
The $5.4 billion Long Son Petrochemicals Complex, invested by Thailand’s SCG Chemicals, began a full trial run last month towards commercial operations in March 2024.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to vote on land, credit laws in mid-Jan extraordinary plenum
The National Assembly, Vietnam’s highest legislative body, is set to conduct an extraordinary meeting next month, featuring votes on draft amended laws on land and credit institutions on the agenda.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Thailand to upgrade partnership to comprehensive strategic level
Thailand has agreed to upgrade its partnership with Vietnam to a comprehensive strategic level, Thai Prime Minister Srettha Thavisin said, while affirming he would visit Vietnam in 2024.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Personal income tax law to be revised in 2025: legislator
The amended Personal Income Tax (PIT) Law will be considered for inclusion in the National Assembly's (NA) 2025 law building program, said Tran Van Lam, standing member of the legislature’s Finance and Budget Committee.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam approves global minimum tax, gov’t to build supporting policy
The National Assembly (NA), Vietnam’s highest legislative body, passed a resolution on global minimum tax (GMT) on Wednesday with a 93.52% endorsement.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament passes amended real estate business law
The National Assembly (NA), Vietnam’s highest legislative body, passed the amended Law on Real Estate Business on Tuesday with a 94.13% endorsement.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Van Thinh Phat case just the tip of 'broken iceberg': legislator
The case of Van Thinh Phat Group is only the tip of a "broken iceberg" and there are "other icebergs that have yet to break," said National Assembly member Pham Van Hoa from the Mekong Delta province of Dong Thap on Tuesday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clearer legal framework needed to stimulate eco-industrial park development in Vietnam
The development of green industrial parks and economic zones proved an inevitable path in Vietnam following international success stories, but developers are asking for clearer regulations and guidance for long-term investments.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Nghi Son refinery can move into the black soon: Idemitsu Kosan
The Nghi Son oil refinery, the second of its kind in Vietnam, can achieve positive profits in the fiscal year 2023 (ending March 2024), according to Japan’s Idemitsu Kosan, which holds a 35.1% stake in the facility.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament not to pass long-awaited land law this year
The National Assembly, Vietnam’s highest legislative body, will not pass the draft amended land law at the ongoing (sixth) meeting, National Assembly Chairman Vuong Dinh Hue said Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam can collect $600 mln more from global minimum tax enactment
Vietnam can collect VND14.6 trillion ($600 million) of tax differences between the country’s current tax scheme and the Global Minimum Tax (GMT) in the first year of enforcement, if all countries apply the GMT from 2024, according to a government report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese gov’t’s 2024 borrowings to rise 6.5% to $28.2 bln
The Vietnamese government has received the National Assembly’s green light to borrow VND690.55 trillion ($28.2 billion) in 2024, up 6.5% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam targets 2024 economic growth of 6-6.5%
Vietnam’s National Assembly, the country’s supreme legislative body, has approved a resolution requiring the government to achieve GDP growth of 6-6.5% next year, higher than circa 5% seen for 2023.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Resolution on global minimum tax to be passed in Vietnam
A resolution on global minimum tax (GMT) is scheduled to be discussed for approval at the ongoing sitting of the National Assembly, Vietnam’s legislature.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dogged by red tape, weak domestic market: minister
Red tape, a weak domestic market and cash flow problems are stiff challenges facing the country, said Minister of Planning and Investment Nguyen Chi Dung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to raise personal income tax deductibles: Finance Minister
The Ministry of Finance is drafting rules to increase the deductible amount for personal income tax (PIT) to better reflect inflation, Finance Minister Ho Duc Phoc said Thursday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam military shipbuilder Ba Son, Korea SK ink offshore wind power deal
Ba Son & SREC - a joint venture between the Vietnamese defense ministry’s shipbuilder Ba Son and local builder SRE Construction JSC - and SK Oceanplant, under South Korea’s chaebol SK Group, have signed an offshore wind power deal.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam defense minister, parliament chair best performers in mid-term confidence poll
Minister of Defense Phan Van Giang and Chairman of the National Assembly Vuong Dinh Hue won the highest number of “high confidence” votes in a parliamentary poll held Wednesday morning.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament expected to approve 9 bills
Vietnam's National Assembly, the country's highest-level legislative body, convened its last meeting of this year on Monday morning, with nine draft laws expected to be passed over 22 working days.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
No global minimum tax payment for firms in Vietnam until 2025
Businesses in Vietnam will not have to pay the new global minimum tax (GMT) until 2025, says Vu Tuan Anh, a member of the National Assembly’s Finance and Budget Committee.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Global minimum tax not on agenda as Vietnam parliament meets
The National Assembly, Vietnam’s highest legislative body, will not discuss approval of the global minimum tax (GMT) at its meeting that begins October 23.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth to miss target at just 5% : Deputy PM
Vietnam’s GDP growth this year may reach just 5%, far below the 6.5% target set by the National Assembly, said Deputy Prime Minister Le Minh Khai.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property market risks destabilization as supply thins: construction ministry
Vietnam’s real estate market continues to face destabilizing factors and recession risks, with scant supply across various segments, the Ministry of Construction has reported to the parliament.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to approve pre-feasibility study for Hanoi's $2.7 bln metro line No.5
The national appraisal council is set to approve a pre-feasibility study for Hanoi’s fifth metro route with an expected investment of VND65.4 trillion ($2.68 billion).
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam faces more serious economic headwinds than expected: parliament chair
Several of the multiple challenges facing the Vietnamese economy are more serious than previously thought, National Assembly Chairman Vuong Dinh Hue said Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to amend VAT law as business complaints mount
The government will further modify the Law on Value Added Tax (VAT), acting on complaints by domestic and foreign businesses who have expressed frustration, particularly in accessing refunds.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Remarkable changes in Bidding Law 2023
The National Assembly of Vietnam on June 24, 2023 adopted the Bidding Law No. 22/2023/QH15 which will replace the existing Bidding Law No. 43/2013/QH13 from January 1, 2024. Duong Anh, senior partner of VILAF law firm, analyzes major points of the new law and their possible impacts.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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