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Industrial inventory-to-sales ratio rises to 87.5%

The inventory-to-sales ratio in the processing and manufacturing industry surged to 87.5% in 2023, up from 78.1% in the previous year, according to the...

Vietnam expects 162,500 new businesses to emerge in 2024

The General Statistics Office (GSO) has projected that 162,500 new businesses will enter the market this year, up by 2% compared to the previous...

Vietnam’s 2023 foreign trade put at US$681 billion

Vietnam put its 2023 foreign trade at over US$681 billion, 6.9% lower than in the previous year, according to the General Statistics Office.

Vietnam considers imposing 5% VAT on fertilizers

The Ministry of Finance in Vietnam has proposed a 5% value-added tax (VAT) for fertilizers, a departure from the current tax-exempt status outlined in...

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