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Crack down on tax cheats
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The General Department of Taxation has set a priority on battling fraud and other losses in tax collections in cases of cost transfers, cross-border trade, land use, online businesses, tax refunds and value-added taxes.
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Materials imports soar in Jan-Feb
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The country’s import spending in February surged 47% year-on-year, taking the total in the first two months to US$15.9 billion, largely due to stronger demand for materials, according to the General Statistics Office.
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City targets another 500,000 tourists
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HCM City has set a target to welcome nearly 4 million international visitors this year, up from 3.5 million last year, with a year-on-year growth of 8 per cent, according to a plan unveiled recently by the city’s Department of Culture, Sports and Tourism.
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Come & Go Vietnam taps luxury influx
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One of Vietnam’s leading inbound tour operators, Come & Go Vietnam, has launched its inaugural luxury itinerary to cater to growing demand in the high-end inbound segment.
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Retail leader pushes transition
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Building a modern and efficient distribution-retail industry is the only way to become a developed economy, according to Dinh Thi My Loan, vice president and general secretary of the Vietnam Association of Retailers.
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Chinese market not fully tapped by wood processors
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The value of Vietnam's 2011 wood and woodwork exports to China surged 62% year-on-year but for the most part the industry shipped low-valued items, said the Handicraft and Wood Industry Association of HCMC (HAWA).
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City sends big delegation to Myanmar
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HCMC will send a delegation to Yangon City in Myanmar in the middle of this month to sound out cooperation opportunities with the government and enterprises in Myanmar.
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Cashew industry targets $1.5b in exports
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The cashew industry has set a modest target of exporting 170,000 tons of cashew nuts worth US$1.5 billion this year, up 11.1 per cent over last year, as it anticipates difficulties ahead, according to the Vietnam Cashew Association (Vinacas).
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Vietnamese rice attractive in Hong Kong
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Vietnamese rice is very appealing to Hong Kong consumers, Kenneth Chan, chairman of the Hong Kong Rice Merchants Association, said in an interview with Tuoi Tre during his business trip to Vietnam to seek local export partners.
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Giant retailer cuts deal to enter Vietnam
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Takashimaya Singapore Ltd, a leading department store operator in that island country, has clinched an agreement to be the anchor tenant in Keppel Land Watco's Saigon Center Phase 2 also consisted of retail levels currently under construction in downtown HCMC.
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VSA calls for prudence in steel exports
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When promoting steel exports under the pressure of low domestic demand, enterprises should practice prudence, thoroughly exploring export markets, to avoid such anti-dumping lawsuits as the recent ones, said the Vietnam Steel Association (VSA).
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