Hanoi (VNA)– Hanoi has set a target of earning about 12.7 billion USD from exports in2018, a rise of about 8 percent over the previous year.
To this end, thecapital city will continue speeding up administrative reform, focusing on strengtheningIT application in administrative procedure settlement.
Meanwhile, the citywill design policies to improve production and exports, while enhancingcompetitiveness of local enterprises and foster labour supply-demandconnections, and attracting more investment in infrastructure development andservices.
The municipal People’sCommittee has assigned the Hanoi Department of Taxation to coordinate withrelevant agencies to implement projects in modernising tax management andapplying IT in all stages and steps of tax management in order to createfavourable conditions for enterprises, ensuring transparency and reduce cost.
The Hanoi Customs wasasked to pilot a management and supervision system of goods transported throughNoi Bai International Airport, measure clearance time for import-export goods, andconduct a survey on enterprises’ satisfaction in 2018.
The city will alsoissue certificates of origin (C/O) through its online public services, whilejoining the national and ASEAN one-door mechanism in granting C/O in line withcommitments of the Government to ASEAN.
The city will also applymeasures to increase business’ access to credit by connecting them with banksand credit institutions, while holding training courses to upgrade enterprises withinformation on foreign markets, free trade agreements and new policies and lawsrelated to import-export activities.
As of the end of thefirst quarter of 2018, Hanoi’s industrial production expanded 8.5 percent, arise of 3.4 percent year on year. Total retail and service revenue wasestimated at 617.49 billion VND (27.16million USD), up 12.4 percent year on year. The city’s exports fetched 155million USD, up 16.9 percent year on year, while social investment attraction rose9.5 percent.
At the same time,foreign arrivals to Hanoi hit 1.13 million.-VNA
Hanoi needs to have practical and specific solutions to boost its industrial production and exports, Deputy Minister of Industry and Trade Ho Thi Kim Thoa has said.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative Image (Source: VNA) 
