News

The forex “fever” in the first week of May has sparked concerns over its continuity in the upcoming time. However, a central banker from the State Bank of Vietnam (SBV) said his agency has yet to intervene with more foreign currency supply. Amid unpredictable developments in the global economy, the question is whether the forex rate will move within the SBV’s forecast and what the foundation for the forex rate over the final months of the year is?

HCMC – The growth in value of the Vietnamese fast-moving consumer goods sector (FMCG) in the first quarter of 2019 rose to a four-year high thanks largely to the shopping spree during the Lunar New Year holiday, or Tet, according to Kantar Worldpanel.

Shares showed a mixed trend on Monday morning, higher on the southern bourse but lower on the northern, due to the uncertain movement of regional and world markets.

Export turnover of wood and wooden products reached nearly US$3.12 billion in the first four months of the year, a year-on-year increase of 18.3 per cent, according to the General Department of Customs.

Investing in the booming shophouse segment in HCM City could end in losses, if market observers are to be believed.

Sony Corporation on May 21 held its Corporate Strategy Meeting for the fiscal year ending on March 31, 2020, aiming to reduce overall costs by 57 per cent for 2020 through non-focus and defocused regions, including Vietnam.

As Vietnam prepares to introduce the amended Law on Tax Administration in 2019, Lam Le, partner for tax and consulting services at RSM Vietnam, shared with VIR’s Nam Phuong some important points for foreign businesses and investors.

The Hanoi Department of Taxation has just announced that hundreds of real estate companies owe a total of VND1.126 trillion ($48.9 million) in tax, administrative fees, and other land-related sums.

Deputy Prime Minister, Foreign Minister Pham Binh Minh had bilateral meetings with US Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross, Acting Secretary of Defense Patrick Shanahan on Thursday.