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In recent years, Vietnam has witnessed a significant shift towards cashless transactions, driven by technological advancements and changing consumer behaviors. This transformation is reshaping the financial landscape and offering numerous benefits to both consumers and businesses.

The policy is part of Government efforts to support businesses and people.The Government cut, extended, or waived taxes, fees and land costs worth about VND89.8 trillion ($3.58 billion) in the first eight months of the year, according to the Ministry of Finance (MoF).The ministry said tax and customs agencies continued to implement the...

The Government cut, extended, or waived taxes, fees and land costs worth about VND89.8 trillion ($3.58 billion) in the first eight months of the year, according to the Ministry of Finance (MoF).The ministry said tax and customs agencies continued to implement the policies as part of Government measures to support people and businesses.The MoF...

With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly, with an average annual increase of about 15 per cent over the past decade.In contrast, global trends are...

In the first seven months of 2024, foreign investment channel into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively.After a booming period, foreign investment flows into Việt Nam via mergers and acquisitions (M&A) have...

According to the recently released data by the General Statistics Office, in the first six months of this year, the implemented foreign direct investment (FDI) in our country is estimated to have reached $10.84 billion, an increase of 8.2% compared to the same period last year. This is the highest amount of implemented foreign direct investment...

FDI attraction in six months of 2024As of May 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 11.07 billion USD, a year-on-year rise of 2%.Foreign Investors registered nearly 9.54 billion USD in 1,538 new projects, up 46.9% in capital and 18.9%...

Market OverviewThe Vietnamese pharmaceutical market is experiencing significant growth, driven by an expanding middle class, increasing healthcare expenditure, and rising demand for quality healthcare products. The market offers opportunities for both domestic and international pharmaceutical companies, focusing on generic drugs and increasing...

The word ‘Glocal’, a portmanteau of global and local, has long fascinated me. Emerging from the Japanese word ‘Dochakuka’, it simply refers to global localization. Another origin of the term comes from the saying, “Think Global, Act Local.”No local strategy is purposely old-fashioned, as some modern thinkers might believe. When local...

The supply chain operations in Vietnam are undergoing significant transformation driven by digitisation, infrastructure development, sustainability efforts, and global integration. Embracing these trends will be crucial for businesses to enhance their competitiveness, resilience, and efficiency in the dynamic global market of 2024.Digital...