Professor Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA), shares his thoughts with VET on Vietnam's economy past, present and future.
As of March 29th, domestic traders purchased about 760,000 tonnes of rice, fulfilling 76% of the 1 million tonnes of rice which were delivered for purchase and temporary reserve, reported the Vietnam Food Association (VFA).
A number of products imported from Japan to Vietnam will enjoy zero percent tariff beginning April 1st, according to the Ministry of Finance (MOF).
Viet Nam's growth, though not stellar, is continuing, as latest high-frequency indicators suggest domestic demand is rebounding, albeit at a gradual pace, according to HSBC's Asian Economics quarterly report released late last week, reported the Vietnam News.
The rise in beef imports after tariffs are cut to zero in 2018 under the ASEAN Trade in Goods Agreement (ATIGA) is a serious threat for the domestic cattle industry, reported the Vietnam News.
With demand from food and foodstuff producers increasing, the market for additives in Viet Nam is promising, reported the Vietnam News.
All businesses, ranging from State-owned enterprises, to private and foreign direct investors, have played a decisive role in Viet Nam's economy," said Bui Quang Vinh, Minister of Planning and Investment.
Officials in Cuu Long (Mekong) Delta city of Can Tho have asked Japanese investors to fund seven local projects, reported the Vietnam News.
Domestic fertiliser makers say they will face difficulties if they are not granted exemptions from value-added tax on input materials they need for production, reported the Vietnam News.
The domestic market is expected to have five electricity corporations, which will directly buy and sell power to customers in the near future, reported the Vietnam News.
Vietnamese business tycoons announced their plans to invest in agriculture to keep up with rising demand for high-quality produce, reported the Vietnam News.
Vietnamese investors can transfer foreign currency abroad as payment for activities relating to their projects before getting investment licences from foreign local authorities under a draft decree of the Ministry of Planning and Investment.
Many securities companies have recently announced plans to increase their charter capital, confident that the domestic stock market still has a lot of room for expansion in 2015.
Poor infrastructure investment at Industrial Parks (IPs) and underdeveloped conditions at some Industrial Zones (IZs) have limited investment in Da Nang, reported the Vietnam News.
According to the 2014 Business Climate Report conducted by the World Bank and the International Finance Corporation, the average time spent on tax procedures in Vietnam was 872 hours for each SME annually, while 21 days are needed to complete export procedures and another 21 days for import procedures.
Vietnam has secured its place as the world’s top cashew exporter for eight consecutive years, supplying roughly 60 percent of the cashew nuts in the global markets.
Viet Nam's tourism industry expects to earn significant profits during the upcoming six-day holiday at the end of April.