Decree No. 26/2023/ND-CP dated May 31, 2023, of the Government on Export Tariffs, Preferential Import Tariffs, List of goods and absolute tax rates, mixed taxes, import taxes out of quotas have revised some contents of the tax incentive program for manufacturing and assembling automobiles to ensure consistency with relevant legal provisions which have been revised in the past time.

I met Chokchai Koisrichai, CEO of the Talaad Thai wholesale fruit market, at the Thaifex international food and beverage fair in late May.

According to customs statistics, Vietnam seafood exports in the first 5 months of 2023 were 29% lower than the same period last year, reaching only about 3.4 billion USD.

Over the medium term, Viet Nam can return to high growth rates as structural reforms are implemented, noted the International Monetary Fund (IMF) in its press release of Viet Nam 2023 Article IV Consultation mission.

Vietnam continued to be the biggest rice provider to the Philippines in the first five months of this year with a turnover of $772.4 million, surging 31.1% year-on-year.

Minister of Industry and Trade Nguyen Hong Dien and President of the National Council of Switzerland Martin Candinas had a meeting in Hanoi on June 30, sharing the view that the two countries should further step up economic, trade, and investment links.

Prime Minister Pham Minh Chinh on June 27 emphasised the importance of global and all-people approaches to and response measures against “headwinds” that are hindering economic growth of the world and Vietnam.

The IMF projects a downtick in global economic growth - a mere 2.8 percent for 2023. The Asia-Pacific region, once hailed as the economic dynamo that drove the recovery post-2008, is faring no better. Its growth rate is languishing at around 4 percent for both 2023 and 2022, a significant decrease from 6.5 percent in 2021. The path to global economic recovery, it appears, is far from straightforward.

The first half of 2023 has also passed. While the country’s economy continues to face new difficulties and challenges that are more severe than forecast, it still achieved some good results.

Vietnamese tax officials are looking at customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises.