Automobiles enjoy VAT reduction

Submitted by VNA on

Hanoi (VNA) - Vietnam has halved the value added tax (VAT) on
wholly-assembled cars and automobile components. The reduction took effect on Feb. 1

Industrial production drops in January

Submitted by VNA on

Hanoi (VNA) - January's industrial production is estimated to decrease by 4.4
percent over the same period last year, according to the General Statistics Office.

Banks cut loan interest rates

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Hanoi (VNA) - Two leading domestic banks on Feb. 1 trimmed lending
interest rates to as low as 8 percent per year, following the State Bank of

Pilgrimages attract more tourists

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HCM City (VNA) - Although the fifteenth day of the first lunar month when the most
important religious rite will be held annually, has not yet arrived, pilgrimage

Cement industry warns of oversupply

Submitted by VNA on

Hanoi (VNA) - Experts in the cement industry have warned of an oversupply in the
domestic cement market, yet there are still more cement factories being built.

Small business in need of bailout

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HCM City (VNA) - The Government should speed up support policies for local
businesses to avoid further bankruptcies, a senior economist has warned.

Ministry targets export of processed goods

Submitted by VNA on

Hanoi (VNA) - The nation's exports will see a significant shift this year, with
processed goods such as garments and footwear likely to make up a greater share of

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