A prominent issue for many Vietnamese businesses concerns the proposed narrowing of the 0 per cent VAT rate for export services.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
Despite rising trade protectionism worldwide, Vietnam continues to set new export records and has emerged as the next manufacturing hub, CBRE said.
A possible deceleration in 2020 growth of Vietnam's main export markets would weigh on its growth.
Vietnam has a rather similar export manufacturing capacity with China and this is helping the nation take over some of China’s key export items to the US as the US-China trade war is escalating, according to Fiingroup.
The strong commitment to an open, fair and rules-based trade of the EVFTA will further widen export markets for Vietnam, especially in textile and garment, agriculture and fishery, and wood furniture, says HSBC Vietnam CEO Pham Hong Hai.
Utilising modern farming and disease control methods, effective new varieties and efficient post-harvest systems is the key to help improve quality of Vietnam’s dragon fruit for export purpose.
Vietnam is rolling up its sleeves to solve the issue of illegal, unreported, and unregulated (IUU) fishing to boost fisheries export to the European Union.
2018 witnessed the comprehensive success of Vietnam's economy when all 12 socio-economic criteria have been fulfilled and many new records have been set.
The Vietnam's two leading companies in shrimp and pangasius export achieved positive business results with export value of nearly $1 billion in the first ten months of this year.
Export volume of Vinh Hoan can reach nearly 81,000 tons this year, up 4.8 per cent and an equivalent revenue of $413 million, up 6.7 per cent year over year.
HSBC’s new service is expected to shorten customs procedures for import – export activities of businesses, reduce storage costs and enhance the overall customer experience.
Seaside tourism real estate is becoming one of the most promising sectors and drawing huge attention from prominent investors and developers, according to Dr. Han Manh Tien, chairman of Vietnam Association of Corporate Directors.
According to economist Dr. Nguyen Duc Thanh the requirement to have red seal from Vietnam Food Association before exporting rice should be removed.
