Category Archives: Biz in Saigon

In response to inquiries from delegates regarding policies supporting industry development during the June 4 afternoon session, Minister of Industry and Trade Nguyen Hong Dien explained that the Ministry has concentrated on three main areas: parts and spares for all types of machinery and equipment; the supporting industry for the high-tech industry; and supporting industry […]

The Director of the Department of Electricity and Renewable Energy, Mr. To Xuan Bao, stated that the Electricity Planning VIII project has a total capacity of 30,424 MW for 23 gas power plant projects that will be invested in and operationalized by 2030. Of which 7,900 MW is the combined capacity of 10 gas power […]

In the context of the import tax reduction roadmap being implemented as Vietnam participates in Free Trade Agreement commitments, competitive pressure on the Vietnamese automobile industry is increasing. As a result, in addition to tax and fee support, many innovative solutions and policies are required to boost the auto industry. Competitive challenge On May 24, […]

Experts speaking at the recent conference “Human Resource Development Solutions for the New Wave of Semiconductor Investment in Vietnam” stated that Vietnam has numerous opportunities to develop the semiconductor market. According to experts, the semiconductor chip industry has become extremely hot in the last year or so, particularly since US President Joe Biden visited Vietnam […]

The MICHELIN Guide is set to host the inaugural edition of the MICHELIN Guide Ceremony Hanoi & Ho Chi Minh City in the capital of Vietnam, Hanoi, on Tuesday 6 June 2023. The MICHELIN Guide Ceremony is revealing the full selection of restaurants through a physical ceremony held in Hanoi. The event promises to be […]

According to the development plan of industrial parks (IPs) in Vietnam, there are currently about 563 IPs with a total area of 210,900ha. The actual number of industrial zones announced is 406, of which 361 projects are located outside the economic zone, and 37 projects are in economic zones and 08 projects are located in […]

The Sub-department of Customs managing investment goods has just sent a document to enterprises to register for tax exemption dossiers to guide the implementation contents. In case imported goods are on the list of tax-exempt goods, please declare in the box “Import license” on the VNACCS declaration with the content “DMTL + Listed registered tax […]

Accordingly, commenting on recent economic developments, the WB said that Vietnam’s GDP in the first quarter of 2023 grew by 3.3%, slowing down compared to the fourth quarter of 2022, largely due to the contraction of the industry, reflecting a sharp drop in exports amid weak global demand. Meanwhile, the outlook for the manufacturing sector’s […]

According to the business survey results in the Provincial Competitiveness Index (PCI) 2022 report, one of the difficulties of Vietnamese enterprises is finding business cooperation partners, which has improved more. Also in the PCI 2022 report, as noted by foreign invested enterprises (FDI), only 52.4% of FDI enterprises will use input goods and services provided […]

The Prime Minister has just signed and promulgated a public announcement on promoting production and business, construction and investment, and import and export in the coming time. The announcement was made in the context of complicated world economic fluctuations, negatively affecting global recovery and growth. Vietnam’s economy is affected by both external factors and internal […]