Information on investment procedures and incentives were updated to businesses and investors at a dialogue organised by the Department of Industry and Trade of Ho Chi Minh City on March 31.
HCM City (VNA) –Information on investment procedures and incentives were updatedto businesses and investors at a dialogue organised by the Department ofIndustry and Trade of Ho Chi Minh City on March 31.
𒀰 According to Vice Director of the department Le Huynh Minh Tu, the country's biggest hub is hometo nearly 1,900 representative offices of foreign traders, many have made remarkable contributions to the city's socio-economicdevelopment in particular and Vietnam in general.
Participants at the dialogue (Photo: VNA)
The department has planned to organisemeetings and consultations to share experience and promote cooperation,focusing on investment and trade activities by each market group and commoditygroup for Vietnam, he said.
Meanwhile, representatives from themunicipal Tax Department said the agency has accelerated the applicationof technology in declaring and submitting tax documents.
Pham Tuan Anh, deputy head of the foreign economic division of the municipal Departmentof Planning and Investment, said that the city's authorities encourage orientedactivities such as labour training, using local labourers, research and development (R&D), and export.
The city’s incentives for investment will focus on corporate tax, importand export tax, land use and rental fee, among others, he noted.
Statistics show that so far this year, over 74.8 trillion VND (3.27 billion USD) of investment was disbursed inHCM City, up 7.3 percent year-on-year.
Foreign investors poured 406.6 million USD into HCM City from January 1 – March20. Notably, the capital from Singapore, the Republic of Korea, and Japanaccounted for 74.4 percent of the total of newly-registered capital.
🐭 The city had 10,533 validinvestment projects worth 52.89 billion USD asof March 20./.
Ho Chi Minh City, Vietnam’s largest economic hub, has been paying attention to developing the hi-tech industry so as to bring into full play opportunities brought about by the Fourth Industrial Revolution.
Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai has proposed the International Organisation of La Francophonie (OIF) to help local firms access markets of the organisation’s member countries, and step up cooperation with member businesses in agro-product processing, renewable energy and green growth, among others.
Ho Chi Minh City has identified promoting all-round digital transformation as one of the important tasks to recover and develop the local economy this year.
A seminar was held in Ho Chi Minh City on March 29, discussing how to build a barrier-free smart city for people with disabilities (PWDs), towards a future in which no one is left behind.
The 16th International Travel Expo – Ho Chi Minh City (ITE HCMC 2022) will take place at the Saigon Exhibition and Convention Centre (SECC) in District 7 on September 8 – 10, heard at a press conference in Hanoi on March 31.
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&.
A view of HCM City (Photo: ) 
Participants at the dialogue (Photo: VNA) 
