The amendment of corporate income tax (CIT) incentives helps Vietnam proactively develop solutions to cope with the application of Pillar 2 of the global minimum tax by countries around the world to maintain the attractiveness of the domestic investment environment and limit the application of preferential policies that are not effective.

In a nod to the Kingdom’s green development, APEC host economy – the U.S. has included Thailand’s bio-circular-green (BCG) economic model in discussions on sustainability and inclusive economics at APEC’s summit of trade ministers last week.

A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.

The United States has moved to drop Vietnam from its the monitoring list for currency manipulation as the Southeast Asian nation exceeded the threshold for the criterion of surplus of trade in goods and services with the US.

The application of global minimum corporate tax from the beginning of 2024 is expected to be an effective tool to prevent transfer pricing and tax evasion, thus helping to increase State revenue through additional tax collection.

According to the Ministry of Industry and Trade, in the first five months of 2023, export activities continued to be affected by difficulties in production, a decrease in export orders, and a decrease in export prices.

The EU's ban on deforestation-linked imports are causing concern among Vietnamese producers as the requirements to trace commodities back to their origin can push up costs and entail finding alternative suppliers.

The recent Group of Seven summit in Hiroshima and the subsequent Group of 20 tourism meeting in Kashmir underscored the stark contrast between the two groups’ rhetoric. While the G20 emphasized its “one Earth, one family, one future” motto, the G7’s combative attitude could be summarized as “We must divorce China”.

Việt Nam's economic growth continued to face challenges which were seen in a slowdown in industrial production and declining exports due to weak external demand and global uncertainties, the World Bank’s June edition on Vietnam Macro Monitoring showed.

THE World Trade Organization (WTO) largely backed Japan on Monday (Jun 19) in its challenge to Chinese anti-dumping duties imposed in 2019 on imports of Japanese stainless steel.