Tag Archives: Vietnam

Vietnam Introduces Corporate Income Tax Exemptions and Reduced Rates for SMEs: What Businesses Need to Know as of 2026

The Government of Vietnam has officially introduced a 3-year Corporate Income Tax (CIT) exemption for newly established small and medium-sized enterprises (SMEs). In addition, flexible CIT rates of 15%, 17%, and 20% will be applied based on the size and revenue scale of enterprises.Further tax exemptions and reductions are available for businesses operating in incentivized […]

Avenues for Vietnam – Italia cooperation

Relations between Vietnam and Italy are strengthened by the complementary nature of the two economies. The Vietnam – Italia Business Forum 2025 held in Hanoi. Italy is recognized as one of the most advanced economies in the EU, characterized by a dynamic network of small and medium-sized enterprises (SMEs) equipped with advanced technologies and innovative […]

Nhon Trach 4 power plant to start commercial operation on December 20

It is one of the two generating units under Vietnam’s first liquefied natural gas (LNG)-fired power complex. The Nhon Trach 4 power plant, one of the two generating units under Vietnam’s first liquefied natural gas (LNG)-fired power complex, is scheduled to begin commercial operation on December 20. The Nhon Trach 3 and 4 project in […]

Vietnam nighttime tourism to be promoted

Nighttime tourism is an important growth driver in the global tourism landscape, especially in Vietnam. The Vietnam National Administration of Tourism (VNAT), in collaboration with Quang Ninh province, organized a workshop on November 12 in the northern province to review and evaluate the implementation of the “Some Models for Developing Nighttime Tourism Products” project for […]

Vietnam proposes four major cooperation initiatives for ASEAN and the US

The two sides should intensify cooperation in digital transformation, innovation, and energy security, including energy infrastructure connectivity and peaceful nuclear energy cooperation. Prime Minister Pham Minh Chinh proposed four major orientations to foster strong, substantive, and effective ASEAN-US cooperation in the coming period. (Photo: VGP) Vietnamese Prime Minister Pham Minh Chinh, along with leaders from […]

Vietnam – South Africa joint business forum held in Hanoi

The forum organized as part of South African President Matamela Cyril Ramaphosa’s official visit to Vietnam. Prime Minister Pham Minh Chinh (R) and South African President Matamela Cyril Ramaphosa at the forum – (Photo VGP) Prime Minister Pham Minh Chinh and South African President Matamela Cyril Ramaphosa attended the Vietnam – South Africa Business Forum […]

Vietnam, Finland elavate ties to Strategic Partnership

Within the framework of the official visit by Party General Secretary To Lam and his Spouse to Finland from October 20-22, the two sides issued a Joint Statement on the establishment of a Strategic Partnership. Party General Secretary To Lam and President Alexander Stubb. (Photo: VNA) Vietnam’s Party General Secretary To Lam and Finland’s President […]

Ninh Binh, Japan’s Gunma Prefecture enhance investment cooperation

The agreement creating new opportunities for businesses from both localities—particularly in industry, high technology, tourism, and human resources training. The signing ceremony was held in Ninh Binh province on October 19. Authorities of Ninh Binh Province in northern Vietnam and Gunma Prefecture in Japan signed a cooperation agreement on October 19, creating new opportunities for […]

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

Key Points President Donald Trump said the United States has struck a trade deal with Vietnam. The agreement includes a 20% U.S. tariff on Vietnamese goods, as well as a 40% “transshipping” tariff, Trump said. He announced the deal days before a deadline paring back his “reciprocal” tariffs is set to expire, sending U.S. duties […]

Vietnam, Singapore to launch more industrial parks with smart urban features

Vietnam and Singapore have agreed to establish additional Vietnam-Singapore industrial parks (VSIPs) across the country, expanding beyond traditional manufacturing zones to include smart urban areas and digital commerce hubs. Vietnamese Prime Minister Pham Minh Chinh shakes hands with his Singaporean counterpart Lawrence Wong in Tianjin, China, June 25, 2025. Photo: Vietnam Government Portal The agreement […]