A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
Industry insiders said large international retailers typically insist that their suppliers possess a good understanding of consumer needs, technical barriers and the products'' ability to compete in targeted markets.
Many distribution systems and foreign enterprises have shown interest in and are sending requests regarding items they want to trade at the Vietnam International Sourcing 2024, which is slated for June 6-8 in Ho Chi Minh City.
During a meeting with Prime Minister Phạm Minh Chính last week in Hà Nội, Samsung''s financial director Park Hark Kyu said the number of Vietnamese suppliers working with Samsung has increased to 309 this year, 12 times the number recorded...
The fact that Indonesia chose Việt Nam as the main supplier for its rice purchases has further affirmed the position and reputation of the quality of Vietnamese rice.
M&A activities in 2022 among water suppliers would add to their operational success this year, allowing them to outperform the market''s average growth.
The General Department of Taxation’s portal https://etaxvn.gdt.gov.vn/nccnn/Reques was exclusively developed for foreign suppliers and put in place on March 21 last year.
Viet Nam’s e-commerce sector has enjoyed impressive growth in recent years, with the market scale projected to increase to US$49 billion, even $57 billion by Google, by 2025, from only $4 billion in 2015.
50,000 vehicles per year is the minimum production level needed for the growth of the Vietnamese auto part industry. Unfortunately, few car producers in Việt Nam have reached such a level.
The Russia–Ukraine tensions are forcing Viet Nam to look for alternative suppliers of fertilisers to cope with the shortage of supply and rising prices.
Viet Nam’s retail sector was growing quite quickly, with a market size of US$180 billion within the next three years. This would also be an opportunity for fast-moving consumer goods (FMCG) and food products from many Vietnamese startups.
Viet Nam is the largest corn importer in Southeast Asia and is forecast to be the fifth-largest importer in the world, opening the door for foreign animal feed suppliers to expand their trade in the country.
The Korea Trade and Investment Promotion Agency (KOTRA Hanoi) plans to organise online meetings next week, in the form of business-to-business (B2B) trade events, to connect Korean suppliers and Vietnamese buyers.