Domestic market heats up due to petrol and oil price hike

The market starts to heat up due to the soaring price of petrol and oil. Accordingly, prices of many commodities rose by 5-10 percent, mostly reported in dairy products, sugar, confectionery, glutamate, home appliances and cosmetics.

Vietnam’s investment abroad on the rise

Total Vietnamese investment abroad this year is expected to reach US$300 million, according to economic experts. Many large- scale investment projects are in the appraisal process, including the US$270 million Sekaman 3 hydro-electric power plant and a US$25-million ruber plantation project in Laos.

Finance Ministry proposes to tariff cuts for 30 Thai products

The Finance Ministry has submitted to the Prime Minister a draft decree allowing tax reductions ranging from 5-10 percent for 36 products from Thailand from April 1, ahead of the deadline for the implementation of the Common Effective Preferential Tariffs (CEPT) scheme among ASEAN countries.