- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
The Minister of Finance continued to direct the General Department of Taxation to urgently advise solutions to closely determine market prices to avoid tax loss.
It is necessary to create the trust of the society in the private sector, and the trust of the private sector in the market. The private sector remains the hope-star of the economy.
By the end of April 15, 2022, the total export value of Vietnam reached $104.34 billion, up 14.4%, equivalent to an increase of $13.15 billion over the same period in 2021.
Export enterprises often have to compete to book ships and containers. The price increased as well as shipping time is longer, the train could be booked and then it is often delayed. This not only causes products to be damaged due to being left for a long time but also causes businesses to "lose points" with customers for not delivering on time.
The Ministry of Finance has just issued Circular 24/2022/TT-BTC amending and supplementing Circular No. 48/2019/TT-BTC guiding the setting up and handling of provisions for devaluation of inventories, losses investments, bad debts and warranties for products, goods, services, construction works at the enterprise. This Circular takes effect from May 25, 2022.
All state firms should further shift their investment activities towards using green technology with lower carbon emission levels.
The dollar looks set to stay at the front of the G10 currency pack as other countries, particularly in Europe, struggle with stagflation risks and the Fed pushes on with rate hikes.
With Vietnam-US economic relations having grown steadily over time, the American business community is very optimistic and working very hard in Vietnam, according to Virginia B. Foote, President of the Board of the US International Centre.
Some banks have announced to stop providing real estate loans, and the corporate bond channel to attract capital for real estate has also been tightened. Faced with this situation, experts raised many financial and capital solutions to reduce risks and develop a sustainable and stable real estate market at the seminar on "Controlling capital into real estate - Policy and impact" held by the Ministry of Construction, on May 11, in Hanoi.
Facing problems of local customs units about applying the customs regime for declarations about on-spot import for export production, the General Department of Customs gave specific instructions.
In order for the real estate market to recover after the pandemic, improving capital flows for the real estate market should be one of the policy priorities.
The Vietnamese Embassy in India, in coordination with chambers of commerce and industry in West Bengal, has organised conferences to further promote trade, investment and tourism of India into Vietnam.
The recovery momentum of businesses has shown many positive signs after the first quarter of 2022.
The Viet Nam International Premium Products Fair will be held again in Ho Chi Minh City after being delayed due to the COVID-19 pandemic.
Since the establishment of their bilateral diplomatic ties in 1962, Viet Nam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.
Chairman of the National Assembly (NA) Vuong Dinh Hue met with representatives of Vietnamese businesses in Laos on May 15 in Vientiane as part of his official visit to Laos.
Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan and Marc Mealy, Senior Vice President for Policy at the US-ASEAN Business Council (USABC), co-chaired a seminar connecting agricultural enterprises of Vietnam and the US on May 13 in Washington D.C.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,160 VND/USD on May 17, unchanged from the previous day.
The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank.
All countries need to make stronger commitments and take more drastic and effective measures to demonstrate their responsibility for the sustainable development of the ocean economy.