National flag carrier Vietnam Airlines recorded an after-tax loss of VND37 billion (US$1.6 million) in the first quarter of this year although its consolidated revenue skyrocketed 202 percent year on year. Economic establishments, when issuing an … about Lawmakers to consider Government’s VAT cut proposal in May In mid-April, the Ministry of Finance proposed reducing VAT by 2% from the current rate of 10% for goods and services. The Government also asked the National Assembly Standing Committee for permission to submit the resolution to the National Assembly at its May session for approval. The Government authorized the Minister of Justice, on behalf of the Prime Minister, to report to the National Assembly Standing Committee to add the VAT resolution to the 2023 lawmaking programme. In a resolution released on May 2, the Government asked the Ministry of Finance to garner Government members’ opinions and complete the resolution. The Govenrment expects the National Assembly will continue to approve the Government's proposal to cut VAT by 2% to 8% this year to support businesses and people. The government is drafting a National Assembly resolution on slashing the value added tax to 8% from the current 10% to support businesses and people. The export value of foreign-invested enterprises was just under $80 billion, a … about Vietnam’s exports plunge in first quarter Overall, Vietnam's exports between January and April were down 11.8 per cent at $108 billion. Garments and textiles stood at $9.6 billion and footwear totalled $6.13 billion, representing a 19.3 per cent and 16.3 per cent fall respectively. The export turnover of computers and parts was $16.13 billion, a drop of 8.8 per cent, while other machinery and equipment was valued at $13 billion, signifying a decrease of 6 per cent. Notably, exports of mobile phones and associated spare parts were valued at $17.4 billion, a decrease of 17.3 per cent on-year. Five of these sectors alone have an export value of over $5 billion, equalling over 57 per cent of the total export turnover. The statistics published by the General Statistics Office of Vietnam showed that from January to April, there were 20 sectors with an export turnover of more than $1 billion, accounting for almost 84 per cent of the country’s total. Filipino tourists visit the building of the … about Number of int’l visitors to Vietnam in January-April exceeds 2022 figure Vietnam hopes to serve eight million foreign visitors this year. Other markets also posted a positive growth rate, such as Taiwan with 47.6 percent, Cambodia with 55.6 percent, and Laos with 35.5 percent. However, South Korea took the lead in the number of visitors to Vietnam with one million in the four months. In particular, 112,000 Chinese travelers visited Vietnam last month, surging 61.5 percent over March, the best growth among source markets. Chinese tourists contributed significantly to Vietnam’s tourism recovery in the four-month period. The number of international tourists coming to Vietnam reached 984,100 in April alone, up 9.9 percent month on month. Vietnam welcomed over 3.68 million foreign travelers in the first four months of the year, surpassing the figure in 2022, at 3.66 million, according to the General Statistics Office. “Providing capital for Grand Manhattan to complete construction not only provides quality housing products, but also sits alongside the government’s goals to remove obstacles for ongoing projects and create supply for the market,” the … about Developers and banks make recovery efforts A TPBank representative said that in addition to focusing capital on priority areas, it will reserve a part of its credit for real estate projects that are efficient and in line with customer needs. Ricons assumes the role of a general construction contractor, committing to ensure quality and construction progress with the developer Novaland. According to the deal, TPBank will provide financial support to ensure The Grand Manhattan continues to be implemented after a suspension period and provide credit packages for home buyers. An agreement between Novaland, TPBank, and Ricons Construction Investment last week focused on the construction of The Grand Manhattan apartment-commercial-service complex located in District 1 of Ho Chi Minh City.
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