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Vietnam pours 20 billion USD abroad

Vietnam poured a combined 20 billion USD in new and additional capital abroad as of this April.
Vietnam poured a combined 20 billion USD in new and additional capitalabroad as of this April, according to the Ministry of Planning andInvestment’s Overseas Investment Agency.

Laos andCambodia remain major markets attracting Vietnam’s outbound investment,with a respective 3.9 billion USD (26 percent) and 3.2 billion USD (22percent).

Vietnam also channeled 968 million USDinto 18 projects in Russia, 1.8 billion USD in two projects inVenezuela, and 1.3 billion USD in six projects in Peru.

Other Vietnamese capital markets include Malaysia, Myanmar and the US.

Mining is Vietnam’s predominant field overseas with 11 projects worth5.1 billion USD, equivalent to 11.5 percent of the projects and 34percent of the total capital.

It is followed byagro-forestry-fisheries with 2.7 billion USD in 125 projects, accountingfor a respective 18 percent and 13 percent. Others include information,communications, electricity, real estate, finance-banking andinsurance.

Aside from State-owned corporationsViettel, Vinamilk and Vietnam Rubber Group, the private sector andsmall- and medium-sized enterprises are eyeing foreign markets.

Last year, 12.5 percent of licensed outbound projects were fromindividuals while 76 percent were from private businesses, including thehigh-profile BKAV, Hoa Sen and Kym Dan, among others.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

♑ Phu Tho emerges as FDI magnet following mergence

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.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🐈 Maximum fine of 3,000 USD proposed for violating invoice regulations

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.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

💛 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

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.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

𝓰 Banks accelerate digitalisation, non-cash payments

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.
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