The bright prospects of Việt Nam

The bright prospects of Việt Nam's asset management industry

Việt Nam boasts 19,400 US dollar millionaires - a 98 per cent increase over the past decade.
Việt Nam needs policies to develop national enterprises

Việt Nam needs policies to develop national enterprises

The national enterprises contribute to innovating the growth economic model, improving the Vietnamese brand value and promoting participation of Vietnamese enterprises in the global value chain.
Deputy PM urges specific roadmap for EV shift, as air pollution worsens

Deputy PM urges specific roadmap for EV shift, as air pollution worsens

Efforts must be made to increase investment in green public transportation, establish convenient public transport routes and stations, and develop traffic flow plans for personal vehicles based on pollution levels in different areas.
Vietnam PMI stands at 49.8 in December

Vietnam PMI stands at 49.8 in December

While the total number of new business continued to rise, new export orders decreased for the second month running.
Việt Nam on track to become top tourist destination in the digital age

Việt Nam on track to become top tourist destination in the digital age

The Singaporean website opengovasia.com has published an article stating that Việt Nam is creating an ideal environment for a thriving digital ecosystem and technological advancements in the tourism sector, thanks to its over 78 million internet users and 73.3 per cent of the population active on social media.
PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

Prime Minister Phạm Minh Chính emphasised that the restructuring of the organisational apparatus must adhere to the principles of efficiency and effectiveness.
Anti-wastefulness a key, urgent task for 2025: Party chief

Anti-wastefulness a key, urgent task for 2025: Party chief

The leader pointed to the need that the fight against corruption, wastefulness and negative phenomena should not impede socio-economic development or enable the abuse of anti-corruption efforts for personal gain.
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
Customs seizes smuggled goods and infringing products worth VND31,000 billion

Customs seizes smuggled goods and infringing products worth VND31,000 billion

VCN - The General Department of Vietnam Customs Department (GDVC), the smuggling, trade fraud took place complicatedly in 2024 on routes, regimes, locations, and even in cyberspace.
Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

VCN - Director General of the General Department of Customs Nguyen Van Tho said that the customs sector will focus on arranging and streamlining the apparatus, ensuring that the new apparatus can be put into operation immediately, without interruptions.
Modernizing Customs: From VNACCS to Digital Customs Part 2: The urgent need for a new IT system

Modernizing Customs: From VNACCS to Digital Customs Part 2: The urgent need for a new IT system

It urgently requires an upgrade or the development of a new information technology (IT) infrastructure to streamline trade facilitation and enhance customs management efficiency

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Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
The bright prospects of Việt Nam

The bright prospects of Việt Nam's asset management industry

Việt Nam boasts 19,400 US dollar millionaires - a 98 per cent increase over the past decade.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements
Nearly 18,000 cases of smuggling, trade fraud and counterfeit goods detected

Nearly 18,000 cases of smuggling, trade fraud and counterfeit goods detected

The total estimated value of confiscated goods exceeded VNĐ31.35 trillion (US$1.23 billion), marking a 12.5 per cent increase in cases and a 151.3 per cent surge in the value compared to the previous year.
Talkshow: "Customs technology and the Next Generation of Customs Professionals"

Talkshow: "Customs technology and the Next Generation of Customs Professionals"

Good morning ladies and gentlemen, in the current period, the application of modern technology and digital transformation is one of the top priorities of the Government of Vietnam. In the Customs sector, Decision 628/QD-TTg dated 20/5/2022 of the Prime Minister approving the Customs strategy by 2030 sets the goal of completing Digital Customs by 2025. According, to develop digital Customs and smart Customs models, Vietnam Customs needs to apply new and smart technologies from customs administrations of advanced countries in the world.
Detecting 4.2kg of cocaine in the soles of slippers, the bottom of suitcases  transported by air

Detecting 4.2kg of cocaine in the soles of slippers, the bottom of suitcases transported by air

On June 1, 2023, Noi Bai International Airport Customs Branch discovered suspicious signs in the luggage of a passenger on a flight from Dubai to Noi Bai International Airport.
Vietnam Customs uses new uniforms  from April 1, 2022

Vietnam Customs uses new uniforms from April 1, 2022

According to the provisions of Decree No. 02/ND-CP dated January 7, 2021 of the Government on traditional flags, pennants and symbols, customs insignia, badges, nameplates, insignia, uniforms, customs identification and typical signs of means of customs patrol, control and supervision, from April 1, 2022, Vietnam Customs uses new uniforms.
Recommend businesses to use free customs declaration software

Recommend businesses to use free customs declaration software

The General Department of Vietnam Customs has just recommended businesses to the use of free customs declaration software to declare document from April 1, 2022.
The 389 National Steering Committees strengthen the fight against smuggling of tobacco and sugar products

The 389 National Steering Committees strengthen the fight against smuggling of tobacco and sugar products

Standing Deputy Prime Minister Pham Binh Minh, Head of the 389 National Steering Committees, has just directed the Ministry of Public Security and the 389 Steering Committees of the provinces and centrally-run cities, and the Standing Office of the 389 National Steering Committees on national security issues. anti-smuggling and trade fraud for tobacco and sugar products.
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
HCMC Customs: Outstanding performance across all operations

HCMC Customs: Outstanding performance across all operations

Ho Chi Minh City Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025 on January 2, 2025
Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

VCN - Director General of the General Department of Customs Nguyen Van Tho said that the customs sector will focus on arranging and streamlining the apparatus, ensuring that the new apparatus can be put into operation immediately, without interruptions.
Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

In 2024, the Cao Bang Customs Department achieved remarkable budget revenue growth, significantly surpassing its targets.
Ba Ria - Vung Tau Customs: A strategic partner in business success

Ba Ria - Vung Tau Customs: A strategic partner in business success

Businesses have highly appreciated the administrative reforms and support provided by the Ba Ria - Vung Tau Customs Department, recognizing these efforts as a critical factor in fostering growth amid ongoing challenges.
Challenges facing customs revenue collection in 2025

Challenges facing customs revenue collection in 2025

Revenue from import-export activities is expected to face significant challenges in 2025, necessitating coordinated and decisive measures to ensure accurate and sufficient tax collection
Quang Ninh Customs: making efforts to help businesses improve compliance

Quang Ninh Customs: making efforts to help businesses improve compliance

VCN - Quang Ninh Customs Department has synchronously deploys support activities, guidance, answers questions, provided information, and warned of risks to help businesses proactively prevent and avoid violations, and voluntarily improve their compliance
Hai Phong Customs collects over VND87 billion from post-clearance audit

Hai Phong Customs collects over VND87 billion from post-clearance audit

VCN - In 2024, the leaders of Hai Phong Customs Department directed the development of detailed plans to implement post-clearance audit and specialized inspection under specific plans.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Outlook for lending rates in 2025?

Outlook for lending rates in 2025?

VCN - According to the SBV, in managing interest rates in 2024, the SBV will continue to maintain the operating interest rates amid the global world interest rates remaining at high levels.
Tax policies drive strong economic recovery and growth

Tax policies drive strong economic recovery and growth

Far more than just a revenue-collection agency, the Tax Department has played a pivotal role in creating a transparent, equitable, and business-friendly environment.
E-commerce tax collection estimated at VND 116 Trillion

E-commerce tax collection estimated at VND 116 Trillion

According to data from the General Department of Taxation, taxes declared and paid directly by foreign suppliers via the electronic portal in 2024 amounted to VND 8.687 trillion
Big 4 banks estimate positive business results in 2024

Big 4 banks estimate positive business results in 2024

One of the country’s biggest banks expects results to be the best for four years.
Flexible and proactive when exchange rates still fluctuate in 2025

Flexible and proactive when exchange rates still fluctuate in 2025

In the last days of 2024, as many forecasts, the US Federal Reserve (Fed) continued to cut interest rates, pushing the USD index up, creating pressure on domestic exchange rates.
Issuing government bonds has met the budget capital at reasonable costs

Issuing government bonds has met the budget capital at reasonable costs

VCN - In summary of 2024, the State Treasury report said that in the context of many fluctuations in the global economic situation, the disbursement rate of domestic public investment capital is still slow, and the state budget balance is high, the State
Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Việt Nam’s stock market ended the final Friday of 2024 on a positive note, with banking stocks leading the rally and VN-Index successfully surpassing the 1,275-point mark.
From January 1, 2025: 13 product codes increase export tax to 20%

From January 1, 2025: 13 product codes increase export tax to 20%

VCN - According to the Export Tariff (XK) issued with Decree 26/2023/ND-CP, from January 1, 2025, there will be 13 commodity codes with an export tax rate of 20%.
Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

VCN - 13 commodity codes with export tax rates increased to 20% from January 2025 include:
Proposal to reduce 30% of land rent in 2024

Proposal to reduce 30% of land rent in 2024

The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.
Resolve problems related to tax procedures and policies for businesses

Resolve problems related to tax procedures and policies for businesses

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax pr
New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs ​​under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,
Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - The Vietnam Association of Maritime Agents, Brokers and Services has proposes to amend and supplement regulations related to the transport of goods subject to customs supervision.
Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural
Nearly 18,000 cases of smuggling, trade fraud and counterfeit goods detected

Nearly 18,000 cases of smuggling, trade fraud and counterfeit goods detected

The total estimated value of confiscated goods exceeded VNĐ31.35 trillion (US$1.23 billion), marking a 12.5 per cent increase in cases and a 151.3 per cent surge in the value compared to the previous year.
Customs seizes smuggled goods and infringing products worth VND31,000 billion

Customs seizes smuggled goods and infringing products worth VND31,000 billion

VCN - The General Department of Vietnam Customs Department (GDVC), the smuggling, trade fraud took place complicatedly in 2024 on routes, regimes, locations, and even in cyberspace.
India launches anti-dumping investigation on nylon yarn imports from Việt Nam

India launches anti-dumping investigation on nylon yarn imports from Việt Nam

The Trade Remedies Authority of Việt Nam recommends businesses involved in the production of the goods carefully review the investigation notice and comply with Indian authorities.
Hanoi Customs: 92% of post-clearance audits reveal violations

Hanoi Customs: 92% of post-clearance audits reveal violations

According to Hanoi Customs, this year’s post-clearance audit plans focus on high-risk areas with signs of violations.
Noi Bai International Border Gate Customs Sub-department: "Blocking" drugs via air

Noi Bai International Border Gate Customs Sub-department: "Blocking" drugs via air

VCN - Deputy Head of Noi Bai International Airport Customs Sub-department Phung Quang Minh said that Noi Bai International Airport currently ranks first in the volume of import and export goods and second in the volume of passengers entering and exiting t
Drug Crime Investigation Police Force cracks down on nearly 29,000 cases

Drug Crime Investigation Police Force cracks down on nearly 29,000 cases

VCN - According to C04's assessment, the drug crime situation is complicated on roads, at sea, and via air and postal routes.
Hai Phong Customs busts illegal import of 600 m3 of precious wood

Hai Phong Customs busts illegal import of 600 m3 of precious wood

VCN - On December 26, a representative of Hai Phong Customs Department said that the department has coordinated with Hai Phong Police to verify 30 containers of wood illegally imported from Africa (about 600 m3).
Hai Phong Customs seizes a container of banned goods at port

Hai Phong Customs seizes a container of banned goods at port

VCN - The bill of lading shows that the shipment was sent from a company located in Tokyo (Japan). The consignee as a company located in Vinh City (Nghe An).
Nghe An busts drug trafficking ring via aviation

Nghe An busts drug trafficking ring via aviation

VCN - At about 10:00 p.m. on December 14, 2024, in Dien Ngoc commune, Dien Chau district, Dien Chau district, the police arrested Le Tien Duc while he was transporting packages of products (shampoo, conditioner, hair mask...), containing two kg of synthet
Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements
Việt Nam to complete database of five domestic manufacturing industries in 2026

Việt Nam to complete database of five domestic manufacturing industries in 2026

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.
Logistics firms optimistic about growth prospects in 2025: Survey

Logistics firms optimistic about growth prospects in 2025: Survey

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Vietnamese products gain popularity in the UK, EU

Vietnamese products gain popularity in the UK, EU

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.
Việt Nam set to become regional manufacturing tech hub this year

Việt Nam set to become regional manufacturing tech hub this year

Global tech giants have expressed interest in expanding operations in Việt Nam this year, making the country an important part of the global technology world.
Computers, electronics and components lead imports in 2024

Computers, electronics and components lead imports in 2024

Most of them came from China, accounting for 32.3 per cent of the total import turnover by November 2024.
Hardware and electronics exports rebound

Hardware and electronics exports rebound

In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.
Dutch customs seize 1,575 kilograms of cocaine at Vlissingen Port

Dutch customs seize 1,575 kilograms of cocaine at Vlissingen Port

Dutch customs authorities have seized approximately 1,575 kilograms of cocaine, valued at an estimated 118 million euros, at the port of Vlissingen, located at the mouth of the Scheldt River.
Taiwan-Canada customs agreement signed - Taipei Times

Taiwan-Canada customs agreement signed - Taipei Times

Taiwan is Canada’s sixth-largest trading partner in Asia, so facilitated customs clearances at borders would bring substantial benefits to both countries.
Sabah Customs foils bid to smuggle 3,000 cartons of liquor

Sabah Customs foils bid to smuggle 3,000 cartons of liquor

VCN - Sabah Customs has foiled a syndicate's attempt to smuggle 3,000 cartons of liquor by declaring them as canned food.
The Philippines Pioneers Corruption Risk Mapping to Strengthen Integrity and Trade Facilitation in Customs

The Philippines Pioneers Corruption Risk Mapping to Strengthen Integrity and Trade Facilitation in Customs

VCN - The Bureau of Customs of The Philippines (BOC) has taken a groundbreaking step towards enhancing transparency and accountability by implementing an innovative approach to corruption risk mapping with support from the World Customs Organization (WCO)
US customs clamps down on vague cargo descriptions

US customs clamps down on vague cargo descriptions

US Customs and Border Protection (CBP) is clamping down on the use of vague descriptions of shipments submitted through the Air Cargo Advance Screening (ACAS).
Uzbekistan Signs Customs Agreement With U.S.

Uzbekistan Signs Customs Agreement With U.S.

VCN - The heads of the Uzbek and American customs services have signed an agreement “On Cooperation and Mutual Assistance,” an essential legal basis of cooperation in customs. The deal was signed in a bilateral meeting between the Chairman of the Uzbekist
Hong Kong customs seizes B42.5m of smuggled platinum, its largest haul in 20 years

Hong Kong customs seizes B42.5m of smuggled platinum, its largest haul in 20 years

VCN - Hong Kong customs has claimed its biggest haul of smuggled platinum in two decades, seizing HKcopy0 million (42.5 million baht) worth of the metal hidden in a battery box at the bottom of a Shenzhen-bound truck.
Customs Affairs conducts training programme for OFOQ2 Single Window System

Customs Affairs conducts training programme for OFOQ2 Single Window System

Manama, Aug. 14 (BNA): The Customs Affairs has completed a training programme for users of the Customs Single Window (OFOQ2) system, including competent authorities and customs clearance offices. The training was conducted by Customs Affairs trainers with the participation of specialists from various customs directorates.
Abu Dhabi Customs equips sea customs centres with five advanced inspection devices

Abu Dhabi Customs equips sea customs centres with five advanced inspection devices

VCN - The General Administration of Abu Dhabi Customs has completed a project to equip its sea customs centers with advanced inspection devices as part of its ongoing efforts to enhance the efficiency of customs operations across the border ports of Abu D
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Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
The bright prospects of Việt Nam

The bright prospects of Việt Nam's asset management industry

Việt Nam boasts 19,400 US dollar millionaires - a 98 per cent increase over the past decade.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
“Watching” authorities to transport smuggled cigarettes

“Watching” authorities to transport smuggled cigarettes

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness

Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness

Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information

Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information

PM orders enhanced price management measures

PM orders enhanced price management measures

“Watching” authorities to transport smuggled cigarettes Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information PM orders enhanced price management measures
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